AMVEST: 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.
AMVEST
Largest movements
- Financial fixed assets -€2.0m
down €2.0m (-17.0%), from €11.8m to €9.8m
- Receivables within one year +€1.9m
up €1.9m (+86.9%), from €2.1m to €4.0m
- Short-term financial debts +€2.6m
new in 2025: €2.6m
- Other debts -€2.0m
down €2.0m (-63.9%), from €3.1m to €1.1m
- Reserves -€335,031
down €335,031 (-19.8%), from €1.7m to €1.4m
- Debts after one year -€227,441
down €227,441 (-14.8%), from €1.5m to €1.3m
- Financial charges +€2.0m
up €2.0m (+1,409%), from €141,645 to €2.1m
- Financial income +€1.6m
up €1.6m (+326%), from €484,592 to €2.1m
- Taxes -€30,640
down €30,640 (-100%), from €30,640 to €0
- Gross operating margin -€1,649
down €1,649 (-36.2%), from -€4,552 to -€6,201
- Other operating charges -€1,238
down €1,238 (-91.2%), from €1,358 to €120
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 | €13,956,447 | €13,908,224 | -€48,222 | -0.3% |
| Fixed assets | 21/28 | €11,789,946 | €9,789,946 | -€2.0m | -17.0% |
| Financial fixed assets | 28 | €11,789,946 | €9,789,946 | -€2.0m | -17.0% |
| Current assets | 29/58 | €2,166,501 | €4,118,278 | +€2.0m | +90.1% |
| Amounts receivable within one year | 40/41 | €2,135,586 | €3,992,143 | +€1.9m | +86.9% |
| Other amounts receivable | 41 | €2,135,586 | €3,992,143 | +€1.9m | +86.9% |
| Cash at bank and in hand | 54/58 | €30,914 | €126,135 | +€95,221 | +308% |
| Total equity and liabilities | 10/49 | €13,956,447 | €13,908,224 | -€48,222 | -0.3% |
| Equity | 10/15 | €9,051,054 | €8,638,025 | -€413,029 | -4.6% |
| Contributions | 10/11 | €7,362,000 | €7,362,000 | = | 0.0% |
| Reserves | 13 | €1,689,054 | €1,354,024 | -€335,031 | -19.8% |
| Distributable reserves | 133 | €1,689,054 | €1,354,024 | -€335,031 | -19.8% |
| Profit (loss) carried forward | 14 | €0 | -€77,999 | -€77,999 | |
| Amounts payable | 17/49 | €4,905,392 | €5,270,199 | +€364,807 | +7.4% |
| Amounts payable after more than one year | 17 | €1,538,400 | €1,310,959 | -€227,441 | -14.8% |
| Financial debts | 170/4 | €1,538,400 | €1,310,959 | -€227,441 | -14.8% |
| Amounts payable within one year | 42/48 | €3,366,993 | €3,959,241 | +€592,248 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €223,105 | €227,441 | +€4,336 | +1.9% |
| Financial debts | 43 | - | €2,600,000 | +€2.6m | |
| Credit institutions | 430/8 | - | €2,600,000 | +€2.6m | |
| Taxes, remuneration and social security | 45 | €20,691 | €4,302 | -€16,389 | -79.2% |
| Taxes | 450/3 | €20,691 | €4,302 | -€16,389 | -79.2% |
| Other amounts payable | 47/48 | €3,123,197 | €1,127,498 | -€2.0m | -63.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,358 | €120 | -€1,238 | -91.2% |
| Gross operating margin | 9900 | -€4,552 | -€6,201 | -€1,649 | -36.2% |
| Operating profit (loss) | 9901 | -€5,910 | -€6,321 | -€411 | -7.0% |
| Financial income | 75/76B | €484,592 | €2,065,128 | +€1.6m | +326% |
| Recurring financial income | 75 | €484,592 | €2,065,128 | +€1.6m | +326% |
| Financial charges | 65/66B | €141,645 | €2,136,806 | +€2.0m | +1,409% |
| Recurring financial charges | 65 | €141,645 | €2,136,806 | +€2.0m | +1,409% |
| Profit (loss) for the period before taxes | 9903 | €337,037 | -€77,999 | -€415,035 | |
| Income taxes | 67/77 | €30,640 | €0 | -€30,640 | -100% |
| Profit (loss) for the period | 9904 | €306,397 | -€77,999 | -€384,396 | |
| Profit (loss) for the period to be appropriated | 9905 | €306,397 | -€77,999 | -€384,396 |
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 15 October 2026 via checked.be.