Den Amandus: 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.
Den Amandus
Largest movements
- Tangible fixed assets -€98,643
down €98,643 (-16.2%), from €609,351 to €510,708
- Cash -€90,291
down €90,291 (-51.1%), from €176,597 to €86,307
mainly Net result for the year (-€131,937) and Debts after one year (-€84,725)
- Profit (loss) carried forward -€131,937
down €131,937, from €127,722 to -€4,215
- Debts after one year -€84,725
down €84,725 (-28.6%), from €296,259 to €211,534
- Trade debts -€22,077
down €22,077 (-22.5%), from €98,170 to €76,093
- Current portion of long-term debt +€19,718
up €19,718 (+21.2%), from €93,036 to €112,754
- Tax, wage and social debts +€16,659
up €16,659 (+38.1%), from €43,723 to €60,383
of which Remuneration and social security: +€21,653
- Gross operating margin -€131,757
down €131,757 (-13.7%), from €964,946 to €833,189
- Staff costs +€100,730
up €100,730 (+14.4%), from €699,317 to €800,047
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 | €924,143 | €722,717 | -€201,426 | -21.8% |
| Fixed assets | 21/28 | €647,665 | €544,022 | -€103,643 | -16.0% |
| Intangible fixed assets | 21 | €38,314 | €33,314 | -€5,000 | -13.1% |
| Tangible fixed assets | 22/27 | €609,351 | €510,708 | -€98,643 | -16.2% |
| Plant, machinery and equipment | 23 | €46,771 | €41,123 | -€5,648 | -12.1% |
| Furniture and vehicles | 24 | €91,733 | €76,124 | -€15,609 | -17.0% |
| Leasing and similar rights | 25 | €97,503 | €64,323 | -€33,180 | -34.0% |
| Other tangible fixed assets | 26 | €373,345 | €329,138 | -€44,206 | -11.8% |
| Current assets | 29/58 | €276,478 | €178,696 | -€97,782 | -35.4% |
| Stocks and contracts in progress | 3 | €32,415 | €32,625 | +€210 | +0.6% |
| Stocks | 30/36 | €32,415 | €32,625 | +€210 | +0.6% |
| Amounts receivable within one year | 40/41 | €63,689 | €59,057 | -€4,632 | -7.3% |
| Trade receivables | 40 | €6,590 | €15,800 | +€9,210 | +140% |
| Other amounts receivable | 41 | €57,099 | €43,258 | -€13,842 | -24.2% |
| Cash at bank and in hand | 54/58 | €176,597 | €86,307 | -€90,291 | -51.1% |
| Deferred charges and accrued income | 490/1 | €3,777 | €707 | -€3,070 | -81.3% |
| Total equity and liabilities | 10/49 | €924,143 | €722,717 | -€201,426 | -21.8% |
| Equity | 10/15 | €227,722 | €95,785 | -€131,937 | -57.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,722 | -€4,215 | -€131,937 | |
| Amounts payable | 17/49 | €696,421 | €626,932 | -€69,489 | -10.0% |
| Amounts payable after more than one year | 17 | €296,259 | €211,534 | -€84,725 | -28.6% |
| Financial debts | 170/4 | €296,259 | €211,534 | -€84,725 | -28.6% |
| Amounts payable within one year | 42/48 | €400,162 | €415,398 | +€15,236 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €93,036 | €112,754 | +€19,718 | +21.2% |
| Trade debts | 44 | €98,170 | €76,093 | -€22,077 | -22.5% |
| Suppliers | 440/4 | €98,170 | €76,093 | -€22,077 | -22.5% |
| Taxes, remuneration and social security | 45 | €43,723 | €60,383 | +€16,659 | +38.1% |
| Taxes | 450/3 | €5,334 | €340 | -€4,994 | -93.6% |
| Remuneration and social security | 454/9 | €38,389 | €60,042 | +€21,653 | +56.4% |
| Other amounts payable | 47/48 | €165,232 | €166,169 | +€937 | +0.6% |
| Remuneration, social security and pensions | 62 | €699,317 | €800,047 | +€100,730 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,653 | €133,049 | +€8,396 | +6.7% |
| Other operating charges | 640/8 | €5,398 | €4,344 | -€1,054 | -19.5% |
| Non-recurring operating charges | 66A | - | €989 | +€989 | |
| Gross operating margin | 9900 | €964,946 | €833,189 | -€131,757 | -13.7% |
| Operating profit (loss) | 9901 | €135,578 | -€105,240 | -€240,818 | |
| Financial income | 75/76B | €1,992 | €1,613 | -€379 | -19.0% |
| Recurring financial income | 75 | €1,992 | €1,613 | -€379 | -19.0% |
| Financial charges | 65/66B | €30,723 | €28,092 | -€2,630 | -8.6% |
| Recurring financial charges | 65 | €30,723 | €28,092 | -€2,630 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €106,847 | -€131,719 | -€238,566 | |
| Income taxes | 67/77 | €5,221 | €218 | -€5,003 | -95.8% |
| Profit (loss) for the period | 9904 | €101,626 | -€131,937 | -€233,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €101,626 | -€131,937 | -€233,563 |
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 18 October 2026 via checked.be.