Beltane AMP: 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.
Beltane AMP
Largest movements
- Stocks and contracts +€22,235
up €22,235 (+209%), from €10,647 to €32,882
- Receivables within one year +€16,018
up €16,018 (+91.3%), from €17,540 to €33,558
of which Trade receivables: +€12,642
- Tangible fixed assets -€5,966
down €5,966 (-94.3%), from €6,328 to €362
- Cash +€5,710
up €5,710 (+3.5%), from €163,950 to €169,660
mainly Net result for the year (+€54,831) and Investment in fixed assets (net) (+€5,157)
- Reserves +€54,831
up €54,831 (+32.7%), from €167,675 to €222,506
- Tax, wage and social debts -€18,043
down €18,043 (-61.0%), from €29,599 to €11,556
- Gross operating margin -€22,673
down €22,673 (-24.1%), from €94,261 to €71,588
- Depreciation -€10,092
down €10,092 (-92.6%), from €10,902 to €810
- Taxes -€4,036
down €4,036 (-21.9%), from €18,423 to €14,387
- Financial income -€1,629
down €1,629 (-98.2%), from €1,659 to €30
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 | €199,596 | €236,866 | +€37,270 | +18.7% |
| Fixed assets | 21/28 | €6,328 | €362 | -€5,966 | -94.3% |
| Tangible fixed assets | 22/27 | €6,328 | €362 | -€5,966 | -94.3% |
| Furniture and vehicles | 24 | €6,328 | €362 | -€5,966 | -94.3% |
| Current assets | 29/58 | €193,268 | €236,504 | +€43,236 | +22.4% |
| Stocks and contracts in progress | 3 | €10,647 | €32,882 | +€22,235 | +209% |
| Stocks | 30/36 | €10,647 | €32,882 | +€22,235 | +209% |
| Amounts receivable within one year | 40/41 | €17,540 | €33,558 | +€16,018 | +91.3% |
| Trade receivables | 40 | €17,303 | €29,945 | +€12,642 | +73.1% |
| Other amounts receivable | 41 | €237 | €3,613 | +€3,376 | +1,423% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €163,950 | €169,660 | +€5,710 | +3.5% |
| Deferred charges and accrued income | 490/1 | €1,130 | €403 | -€727 | -64.3% |
| Total equity and liabilities | 10/49 | €199,596 | €236,866 | +€37,270 | +18.7% |
| Equity | 10/15 | €169,175 | €224,006 | +€54,831 | +32.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €167,675 | €222,506 | +€54,831 | +32.7% |
| Distributable reserves | 133 | €167,675 | €222,506 | +€54,831 | +32.7% |
| Amounts payable | 17/49 | €30,421 | €12,860 | -€17,561 | -57.7% |
| Amounts payable within one year | 42/48 | €29,665 | €12,252 | -€17,413 | -58.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €66 | €594 | +€527 | +795% |
| Suppliers | 440/4 | €66 | €594 | +€527 | +795% |
| Taxes, remuneration and social security | 45 | €29,599 | €11,556 | -€18,043 | -61.0% |
| Taxes | 450/3 | €29,599 | €11,556 | -€18,043 | -61.0% |
| Other amounts payable | 47/48 | €0 | €102 | +€102 | |
| Accrued charges and deferred income | 492/3 | €756 | €608 | -€148 | -19.6% |
| Non-recurring operating income | 76A | - | €6,343 | +€6,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,902 | €810 | -€10,092 | -92.6% |
| Other operating charges | 640/8 | €726 | €1,451 | +€725 | +99.9% |
| Gross operating margin | 9900 | €94,261 | €71,588 | -€22,673 | -24.1% |
| Operating profit (loss) | 9901 | €82,633 | €69,327 | -€13,306 | -16.1% |
| Financial income | 75/76B | €1,659 | €30 | -€1,629 | -98.2% |
| Recurring financial income | 75 | €1,659 | €30 | -€1,629 | -98.2% |
| Financial charges | 65/66B | €209 | €139 | -€70 | -33.4% |
| Recurring financial charges | 65 | €209 | €139 | -€70 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €84,083 | €69,218 | -€14,865 | -17.7% |
| Income taxes | 67/77 | €18,423 | €14,387 | -€4,036 | -21.9% |
| Profit (loss) for the period | 9904 | €65,660 | €54,831 | -€10,829 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,660 | €54,831 | -€10,829 | -16.5% |
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 16 October 2026 via checked.be.