Dr. AMEZ Patrick: 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.
Dr. AMEZ Patrick
Largest movements
- Current investments +€150,000
up €150,000 (+21.4%), from €700,000 to €850,000
- Cash -€27,420
down €27,420 (-25.1%), from €109,160 to €81,740
mainly Current investments (-€150,000) and Other debts (-€13,642)
- Reserves +€137,726
up €137,726 (+17.8%), from €771,870 to €909,596
- Other debts -€13,642
down €13,642 (-99.9%), from €13,663 to €20
- Trade debts -€9,615
down €9,615 (-71.7%), from €13,413 to €3,797
- Gross operating margin +€11,644
up €11,644 (+6.9%), from €169,087 to €180,731
- Depreciation -€9,968
down €9,968 (-65.4%), from €15,241 to €5,273
- Taxes +€8,368
up €8,368 (+14.7%), from €56,916 to €65,284
- Financial income +€5,577
up €5,577 (+24.5%), from €22,772 to €28,349
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 | €814,582 | €935,675 | +€121,093 | +14.9% |
| Fixed assets | 21/28 | €5,422 | €149 | -€5,273 | -97.3% |
| Tangible fixed assets | 22/27 | €5,422 | €149 | -€5,273 | -97.3% |
| Land and buildings | 22 | €638 | €149 | -€490 | -76.7% |
| Plant, machinery and equipment | 23 | €8 | - | -€8 | |
| Furniture and vehicles | 24 | €4,775 | - | -€4,775 | |
| Current assets | 29/58 | €809,160 | €935,526 | +€126,366 | +15.6% |
| Current investments | 50/53 | €700,000 | €850,000 | +€150,000 | +21.4% |
| Cash at bank and in hand | 54/58 | €109,160 | €81,740 | -€27,420 | -25.1% |
| Deferred charges and accrued income | 490/1 | - | €3,786 | +€3,786 | |
| Total equity and liabilities | 10/49 | €814,582 | €935,675 | +€121,093 | +14.9% |
| Equity | 10/15 | €784,270 | €921,996 | +€137,726 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €771,870 | €909,596 | +€137,726 | +17.8% |
| Distributable reserves | 133 | €771,870 | €909,596 | +€137,726 | +17.8% |
| Amounts payable | 17/49 | €30,312 | €13,680 | -€16,633 | -54.9% |
| Amounts payable within one year | 42/48 | €29,802 | €12,182 | -€17,620 | -59.1% |
| Trade debts | 44 | €13,413 | €3,797 | -€9,615 | -71.7% |
| Suppliers | 440/4 | €13,413 | €3,797 | -€9,615 | -71.7% |
| Taxes, remuneration and social security | 45 | €2,727 | €8,364 | +€5,637 | +206.7% |
| Taxes | 450/3 | €2,727 | €8,364 | +€5,637 | +206.7% |
| Other amounts payable | 47/48 | €13,663 | €20 | -€13,642 | -99.9% |
| Accrued charges and deferred income | 492/3 | €510 | €1,498 | +€988 | +193.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,241 | €5,273 | -€9,968 | -65.4% |
| Other operating charges | 640/8 | €705 | €685 | -€20 | -2.8% |
| Gross operating margin | 9900 | €169,087 | €180,731 | +€11,644 | +6.9% |
| Operating profit (loss) | 9901 | €153,141 | €174,772 | +€21,631 | +14.1% |
| Financial income | 75/76B | €22,772 | €28,349 | +€5,577 | +24.5% |
| Recurring financial income | 75 | €22,772 | €28,349 | +€5,577 | +24.5% |
| Financial charges | 65/66B | €49 | €111 | +€63 | +128.2% |
| Recurring financial charges | 65 | €49 | €111 | +€63 | +128.2% |
| Profit (loss) for the period before taxes | 9903 | €175,864 | €203,010 | +€27,146 | +15.4% |
| Income taxes | 67/77 | €56,916 | €65,284 | +€8,368 | +14.7% |
| Profit (loss) for the period | 9904 | €118,948 | €137,726 | +€18,778 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,948 | €137,726 | +€18,778 | +15.8% |
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 7 October 2026 via checked.be.