D'AMICI: 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.
D'AMICI
Largest movements
- Cash +€361,681
up €361,681 (+138.3%), from €261,525 to €623,206
mainly Net result for the year (+€265,045) and Current portion of long-term debt (+€113,570)
- Tangible fixed assets -€26,259
down €26,259 (-8.3%), from €315,692 to €289,433
of which Furniture and vehicles: -€17,226
- Receivables within one year -€15,909
down €15,909 (-6.1%), from €259,262 to €243,353
of which Trade receivables: -€52,349
- Reserves +€245,895
up €245,895 (+140.6%), from €174,889 to €420,784
of which Distributable reserves: +€248,144
- Current portion of long-term debt +€113,570
up €113,570 (+64.4%), from €176,453 to €290,023
- Tax, wage and social debts -€71,271
down €71,271 (-64.6%), from €110,370 to €39,099
of which Taxes: -€78,745
- Trade debts +€57,893
up €57,893 (+20.1%), from €287,359 to €345,252
- Debts after one year -€21,232
down €21,232 (-22.8%), from €93,156 to €71,925
- Gross operating margin +€221,158
up €221,158 (+44.2%), from €500,849 to €722,007
- Taxes +€56,587
up €56,587 (+78.4%), from €72,167 to €128,754
- Staff costs +€49,386
up €49,386 (+34.6%), from €142,614 to €192,000
- Other operating charges -€9,448
down €9,448 (-10.8%), from €87,720 to €78,272
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 | €1,027,693 | €1,347,412 | +€319,718 | +31.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €320,857 | €291,383 | -€29,474 | -9.2% |
| Intangible fixed assets | 21 | €3,215 | €0 | -€3,215 | -100.0% |
| Tangible fixed assets | 22/27 | €315,692 | €289,433 | -€26,259 | -8.3% |
| Land and buildings | 22 | €255,241 | €246,053 | -€9,188 | -3.6% |
| Plant, machinery and equipment | 23 | €19,042 | €22,716 | +€3,674 | +19.3% |
| Furniture and vehicles | 24 | €35,348 | €18,121 | -€17,226 | -48.7% |
| Other tangible fixed assets | 26 | €6,062 | €2,543 | -€3,519 | -58.1% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €706,836 | €1,056,029 | +€349,193 | +49.4% |
| Stocks and contracts in progress | 3 | €137,462 | €141,484 | +€4,022 | +2.9% |
| Stocks | 30/36 | €137,462 | €141,484 | +€4,022 | +2.9% |
| Amounts receivable within one year | 40/41 | €259,262 | €243,353 | -€15,909 | -6.1% |
| Trade receivables | 40 | €232,915 | €180,566 | -€52,349 | -22.5% |
| Other amounts receivable | 41 | €26,346 | €62,786 | +€36,440 | +138.3% |
| Cash at bank and in hand | 54/58 | €261,525 | €623,206 | +€361,681 | +138.3% |
| Deferred charges and accrued income | 490/1 | €48,587 | €47,987 | -€600 | -1.2% |
| Total equity and liabilities | 10/49 | €1,027,693 | €1,347,412 | +€319,718 | +31.1% |
| Equity | 10/15 | €309,522 | €555,418 | +€245,895 | +79.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €174,889 | €420,784 | +€245,895 | +140.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,282 | €31,033 | -€2,248 | -6.8% |
| Distributable reserves | 133 | €139,748 | €387,892 | +€248,144 | +177.6% |
| Profit (loss) carried forward | 14 | €116,041 | €116,041 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,691 | €9,942 | -€749 | -7.0% |
| Deferred taxes | 168 | €10,691 | €9,942 | -€749 | -7.0% |
| Amounts payable | 17/49 | €707,480 | €782,052 | +€74,572 | +10.5% |
| Amounts payable after more than one year | 17 | €93,156 | €71,925 | -€21,232 | -22.8% |
| Financial debts | 170/4 | €93,156 | €71,925 | -€21,232 | -22.8% |
| Amounts payable within one year | 42/48 | €614,324 | €710,127 | +€95,803 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €176,453 | €290,023 | +€113,570 | +64.4% |
| Trade debts | 44 | €287,359 | €345,252 | +€57,893 | +20.1% |
| Suppliers | 440/4 | €287,359 | €345,252 | +€57,893 | +20.1% |
| Advances received on contracts in progress | 46 | €12,020 | €16,604 | +€4,585 | +38.1% |
| Taxes, remuneration and social security | 45 | €110,370 | €39,099 | -€71,271 | -64.6% |
| Taxes | 450/3 | €91,252 | €12,507 | -€78,745 | -86.3% |
| Remuneration and social security | 454/9 | €19,118 | €26,592 | +€7,473 | +39.1% |
| Other amounts payable | 47/48 | €28,122 | €19,149 | -€8,973 | -31.9% |
| Non-recurring operating income | 76A | - | €165 | +€165 | |
| Remuneration, social security and pensions | 62 | €142,614 | €192,000 | +€49,386 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,220 | €41,649 | +€430 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,079 | €588 | -€6,491 | -91.7% |
| Other operating charges | 640/8 | €87,720 | €78,272 | -€9,448 | -10.8% |
| Gross operating margin | 9900 | €500,849 | €722,007 | +€221,158 | +44.2% |
| Operating profit (loss) | 9901 | €222,216 | €409,498 | +€187,281 | +84.3% |
| Financial income | 75/76B | €4,776 | €2,534 | -€2,242 | -46.9% |
| Recurring financial income | 75 | €4,776 | €2,534 | -€2,242 | -46.9% |
| Financial charges | 65/66B | €15,140 | €18,982 | +€3,842 | +25.4% |
| Recurring financial charges | 65 | €15,140 | €18,982 | +€3,842 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €211,852 | €393,050 | +€181,198 | +85.5% |
| Transfer from deferred taxes | 780 | €749 | €749 | = | 0.0% |
| Income taxes | 67/77 | €72,167 | €128,754 | +€56,587 | +78.4% |
| Profit (loss) for the period | 9904 | €140,434 | €265,045 | +€124,611 | +88.7% |
| Transfer from tax-exempt reserves | 789 | €2,248 | €2,248 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,682 | €267,293 | +€124,611 | +87.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.