AMVECO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AMVECO
Largest movements
- Current investments +€275,211
new in 2025: €275,211
- Tangible fixed assets -€243,971
down €243,971 (-12.2%), from €2.0m to €1.8m
of which Other tangible fixed assets: -€302,602
- Receivables within one year -€140,006
down €140,006 (-71.9%), from €194,706 to €54,700
of which Trade receivables: -€140,000
- Debts after one year -€143,920
down €143,920 (-32.4%), from €444,009 to €300,089
- Other debts -€99,493
down €99,493 (-27.8%), from €357,951 to €258,457
- Reserves +€87,445
up €87,445 (+6.8%), from €1.3m to €1.4m
- Tax, wage and social debts +€27,239
up €27,239 (+86.7%), from €31,417 to €58,655
- Gross operating margin +€46,239
up €46,239 (+24.0%), from €192,895 to €239,134
- Taxes +€9,444
up €9,444 (+39.4%), from €23,995 to €33,438
- Other operating charges +€8,121
up €8,121 (+281%), from €2,895 to €11,015
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,255,024 | €2,129,033 | -€125,991 | -5.6% |
| Fixed assets | 21/28 | €2,008,234 | €1,764,263 | -€243,971 | -12.1% |
| Tangible fixed assets | 22/27 | €2,003,234 | €1,759,263 | -€243,971 | -12.2% |
| Furniture and vehicles | 24 | €51,231 | €109,862 | +€58,631 | +114% |
| Other tangible fixed assets | 26 | €1,952,003 | €1,649,401 | -€302,602 | -15.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €246,790 | €364,770 | +€117,980 | +47.8% |
| Amounts receivable within one year | 40/41 | €194,706 | €54,700 | -€140,006 | -71.9% |
| Trade receivables | 40 | €194,700 | €54,700 | -€140,000 | -71.9% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Current investments | 50/53 | - | €275,211 | +€275,211 | |
| Cash at bank and in hand | 54/58 | €52,084 | €34,859 | -€17,225 | -33.1% |
| Total equity and liabilities | 10/49 | €2,255,024 | €2,129,033 | -€125,991 | -5.6% |
| Equity | 10/15 | €1,339,263 | €1,426,708 | +€87,445 | +6.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,287,150 | €1,374,594 | +€87,445 | +6.8% |
| Distributable reserves | 133 | €1,287,150 | €1,374,594 | +€87,445 | +6.8% |
| Profit (loss) carried forward | 14 | €31,653 | €31,653 | = | 0.0% |
| Amounts payable | 17/49 | €915,761 | €702,326 | -€213,436 | -23.3% |
| Amounts payable after more than one year | 17 | €444,009 | €300,089 | -€143,920 | -32.4% |
| Financial debts | 170/4 | €444,009 | €300,089 | -€143,920 | -32.4% |
| Amounts payable within one year | 42/48 | €471,753 | €400,323 | -€71,430 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €80,784 | €72,412 | -€8,372 | -10.4% |
| Trade debts | 44 | €1,601 | €10,798 | +€9,196 | +574% |
| Suppliers | 440/4 | €1,601 | €10,798 | +€9,196 | +574% |
| Taxes, remuneration and social security | 45 | €31,417 | €58,655 | +€27,239 | +86.7% |
| Taxes | 450/3 | €31,417 | €58,655 | +€27,239 | +86.7% |
| Other amounts payable | 47/48 | €357,951 | €258,457 | -€99,493 | -27.8% |
| Accrued charges and deferred income | 492/3 | - | €1,914 | +€1,914 | |
| Non-recurring operating income | 76A | - | €62,248 | +€62,248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,386 | €97,106 | +€720 | +0.7% |
| Other operating charges | 640/8 | €2,895 | €11,015 | +€8,121 | +281% |
| Gross operating margin | 9900 | €192,895 | €239,134 | +€46,239 | +24.0% |
| Operating profit (loss) | 9901 | €93,614 | €131,013 | +€37,399 | +40.0% |
| Financial income | 75/76B | - | €302 | +€302 | |
| Recurring financial income | 75 | - | €302 | +€302 | |
| Financial charges | 65/66B | €11,410 | €10,431 | -€979 | -8.6% |
| Recurring financial charges | 65 | €11,410 | €10,431 | -€979 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €82,204 | €120,883 | +€38,679 | +47.1% |
| Income taxes | 67/77 | €23,995 | €33,438 | +€9,444 | +39.4% |
| Profit (loss) for the period | 9904 | €58,209 | €87,445 | +€29,236 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,209 | €87,445 | +€29,236 | +50.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.