AS AMAR: what changed
Two fiscal 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.
AS AMAR
Largest movements
- Receivables within one year +€25,559
up €25,559 (+96.7%), from €26,442 to €52,000
of which Trade receivables: +€25,539
- Tax, wage and social debts +€45,718
up €45,718 (+763.0%), from €5,992 to €51,710
of which Remuneration and social security: +€44,048
- Trade debts -€16,403
down €16,403 (-65.7%), from €24,975 to €8,572
- Other debts -€4,755
down €4,755 (-67.3%), from €7,062 to €2,307
- Gross operating margin +€37,105
up €37,105 (+173.2%), from €21,426 to €58,531
- Staff costs +€23,070
up €23,070 (+80.2%), from €28,772 to €51,842
- Taxes +€1,243
up €1,243 (+345.7%), from €360 to €1,603
- Other operating charges +€747
up €747 (+24.3%), from €3,074 to €3,820
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.
Cash bridge derived
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 | €72,289 | €96,959 | +€24,670 | +34.1% |
| Fixed assets | 21/28 | €1,475 | €637 | -€839 | -56.9% |
| Tangible fixed assets | 22/27 | €1,275 | €437 | -€839 | -65.8% |
| Plant, machinery and equipment | 23 | €657 | €337 | -€320 | -48.7% |
| Furniture and vehicles | 24 | €619 | €100 | -€519 | -83.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €70,814 | €96,322 | +€25,509 | +36.0% |
| Stocks and contracts in progress | 3 | €35,834 | €35,834 | = | 0.0% |
| Stocks | 30/36 | €35,834 | €35,834 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,442 | €52,000 | +€25,559 | +96.7% |
| Trade receivables | 40 | €26,442 | €51,981 | +€25,539 | +96.6% |
| Other amounts receivable | 41 | - | €19 | +€19 | |
| Cash at bank and in hand | 54/58 | €8,538 | €8,489 | -€50 | -0.6% |
| Total equity and liabilities | 10/49 | €72,289 | €96,959 | +€24,670 | +34.1% |
| Equity | 10/15 | €24,261 | €24,370 | +€109 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,201 | €16,310 | +€109 | +0.7% |
| Amounts payable | 17/49 | €48,028 | €72,589 | +€24,561 | +51.1% |
| Amounts payable within one year | 42/48 | €48,028 | €72,589 | +€24,561 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €24,975 | €8,572 | -€16,403 | -65.7% |
| Suppliers | 440/4 | €24,975 | €8,572 | -€16,403 | -65.7% |
| Taxes, remuneration and social security | 45 | €5,992 | €51,710 | +€45,718 | +763.0% |
| Taxes | 450/3 | €5,992 | €7,662 | +€1,671 | +27.9% |
| Remuneration and social security | 454/9 | - | €44,048 | +€44,048 | |
| Other amounts payable | 47/48 | €7,062 | €2,307 | -€4,755 | -67.3% |
| Non-recurring operating income | 76A | - | €542 | +€542 | |
| Remuneration, social security and pensions | 62 | €28,772 | €51,842 | +€23,070 | +80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €882 | €839 | -€43 | -4.9% |
| Other operating charges | 640/8 | €3,074 | €3,820 | +€747 | +24.3% |
| Non-recurring operating charges | 66A | €3,691 | - | -€3,691 | |
| Gross operating margin | 9900 | €21,426 | €58,531 | +€37,105 | +173.2% |
| Operating profit (loss) | 9901 | -€14,993 | €2,030 | +€17,023 | |
| Financial charges | 65/66B | €491 | €318 | -€173 | -35.3% |
| Recurring financial charges | 65 | €491 | €318 | -€173 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,484 | €1,712 | +€17,196 | |
| Income taxes | 67/77 | €360 | €1,603 | +€1,243 | +345.7% |
| Profit (loss) for the period | 9904 | -€15,844 | €109 | +€15,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,844 | €109 | +€15,953 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.