AMVERSA: 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.
AMVERSA
Largest movements
- Receivables within one year -€59,777
down €59,777 (-30.9%), from €193,552 to €133,775
of which Other amounts receivable: -€57,206
- Cash +€55,532
up €55,532 (+91.0%), from €61,002 to €116,534
mainly Net result for the year (+€63,650) and Receivables within one year (+€59,777)
- Tangible fixed assets +€43,713
up €43,713 (+13.1%), from €332,471 to €376,183
of which Land and buildings: +€363,098
- Stocks and contracts -€18,846
down €18,846 (-13.5%), from €140,105 to €121,259
- Reserves +€63,650
up €63,650 (+19.3%), from €329,797 to €393,447
of which Distributable reserves: +€63,650
- Other debts -€25,036
down €25,036 (-100%), from €25,036 to €0
- Trade debts -€16,719
down €16,719 (-44.7%), from €37,403 to €20,683
- Gross operating margin -€22,826
down €22,826 (-15.7%), from €145,277 to €122,451
- Taxes -€21,700
down €21,700 (-48.7%), from €44,574 to €22,875
- Financial charges +€9,111
up €9,111 (+495%), from €1,841 to €10,952
- Depreciation +€8,414
up €8,414 (+145%), from €5,816 to €14,230
- Write-downs +€7,052
up €7,052 (+1,113%), from €634 to €7,686
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 | €727,129 | €751,099 | +€23,969 | +3.3% |
| Fixed assets | 21/28 | €332,471 | €376,183 | +€43,713 | +13.1% |
| Tangible fixed assets | 22/27 | €332,471 | €376,183 | +€43,713 | +13.1% |
| Land and buildings | 22 | - | €363,098 | +€363,098 | |
| Plant, machinery and equipment | 23 | €4,178 | €7,169 | +€2,991 | +71.6% |
| Furniture and vehicles | 24 | €3,270 | €5,916 | +€2,646 | +80.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €325,022 | €0 | -€325,022 | -100% |
| Current assets | 29/58 | €394,659 | €374,915 | -€19,743 | -5.0% |
| Stocks and contracts in progress | 3 | €140,105 | €121,259 | -€18,846 | -13.5% |
| Stocks | 30/36 | €140,105 | €121,259 | -€18,846 | -13.5% |
| Amounts receivable within one year | 40/41 | €193,552 | €133,775 | -€59,777 | -30.9% |
| Trade receivables | 40 | €118,968 | €116,396 | -€2,572 | -2.2% |
| Other amounts receivable | 41 | €74,584 | €17,379 | -€57,206 | -76.7% |
| Cash at bank and in hand | 54/58 | €61,002 | €116,534 | +€55,532 | +91.0% |
| Deferred charges and accrued income | 490/1 | - | €3,348 | +€3,348 | |
| Total equity and liabilities | 10/49 | €727,129 | €751,099 | +€23,969 | +3.3% |
| Equity | 10/15 | €336,297 | €399,947 | +€63,650 | +18.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €329,797 | €393,447 | +€63,650 | +19.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €327,937 | €391,587 | +€63,650 | +19.4% |
| Amounts payable | 17/49 | €390,832 | €351,152 | -€39,680 | -10.2% |
| Amounts payable after more than one year | 17 | €257,048 | €259,220 | +€2,173 | +0.8% |
| Financial debts | 170/4 | €257,048 | €259,220 | +€2,173 | +0.8% |
| Amounts payable within one year | 42/48 | €133,343 | €91,932 | -€41,411 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €13,752 | €14,979 | +€1,227 | +8.9% |
| Trade debts | 44 | €37,403 | €20,683 | -€16,719 | -44.7% |
| Suppliers | 440/4 | €37,403 | €20,683 | -€16,719 | -44.7% |
| Taxes, remuneration and social security | 45 | €57,152 | €56,269 | -€883 | -1.5% |
| Taxes | 450/3 | €52,864 | €56,269 | +€3,405 | +6.4% |
| Remuneration and social security | 454/9 | €4,288 | €0 | -€4,288 | -100% |
| Other amounts payable | 47/48 | €25,036 | €0 | -€25,036 | -100% |
| Accrued charges and deferred income | 492/3 | €442 | €0 | -€442 | -100% |
| Non-recurring operating income | 76A | €6,639 | €839 | -€5,800 | -87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,816 | €14,230 | +€8,414 | +145% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €634 | €7,686 | +€7,052 | +1,113% |
| Other operating charges | 640/8 | €2,738 | €2,691 | -€47 | -1.7% |
| Non-recurring operating charges | 66A | €261 | €839 | +€578 | +221% |
| Gross operating margin | 9900 | €145,277 | €122,451 | -€22,826 | -15.7% |
| Operating profit (loss) | 9901 | €135,828 | €97,005 | -€38,823 | -28.6% |
| Financial income | 75/76B | €4,505 | €472 | -€4,033 | -89.5% |
| Recurring financial income | 75 | €4,505 | €472 | -€4,033 | -89.5% |
| Financial charges | 65/66B | €1,841 | €10,952 | +€9,111 | +495% |
| Recurring financial charges | 65 | €1,841 | €10,952 | +€9,111 | +495% |
| Profit (loss) for the period before taxes | 9903 | €138,492 | €86,525 | -€51,967 | -37.5% |
| Income taxes | 67/77 | €44,574 | €22,875 | -€21,700 | -48.7% |
| Profit (loss) for the period | 9904 | €93,917 | €63,650 | -€30,267 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,917 | €63,650 | -€30,267 | -32.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.