Group'Amo: 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.
Group'Amo
Largest movements
- Receivables within one year +€43,940
up €43,940 (+182%), from €24,095 to €68,035
of which Other amounts receivable: +€26,903
- Cash -€18,295
down €18,295 (-68.2%), from €26,817 to €8,521
mainly Receivables within one year (-€43,940) and Trade debts (-€25,904)
- Tangible fixed assets -€13,158
down €13,158 (-14.8%), from €88,966 to €75,808
of which Land and buildings: -€10,361
- Stocks and contracts -€5,229
down €5,229 (-7.4%), from €71,056 to €65,828
- Deferred charges and accrued income -€3,929
down €3,929 (-24.8%), from €15,835 to €11,906
- Profit (loss) carried forward +€33,085
up €33,085 (+87.0%), from -€38,049 to -€4,964
- Trade debts -€25,904
down €25,904 (-22.5%), from €115,023 to €89,119
- Debts after one year -€14,590
down €14,590 (-16.2%), from €89,822 to €75,232
of which Financial debts: -€74,590
- Short-term financial debts +€11,002
new in 2025: €11,002
- Tax, wage and social debts +€3,447
up €3,447 (+9.9%), from €34,989 to €38,437
of which Taxes: +€4,471
- Gross operating margin +€87,995
up €87,995 (+73.5%), from €119,800 to €207,795
- Staff costs +€24,470
up €24,470 (+23.8%), from €103,025 to €127,494
- Financial charges +€14,215
up €14,215 (+121%), from €11,789 to €26,004
- Other operating charges -€6,218
down €6,218 (-69.5%), from €8,943 to €2,725
- Taxes +€3,305
up €3,305 (+836%), from €395 to €3,700
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 | €230,719 | €234,048 | +€3,329 | +1.4% |
| Fixed assets | 21/28 | €92,916 | €79,758 | -€13,158 | -14.2% |
| Tangible fixed assets | 22/27 | €88,966 | €75,808 | -€13,158 | -14.8% |
| Land and buildings | 22 | €71,897 | €61,536 | -€10,361 | -14.4% |
| Plant, machinery and equipment | 23 | €17,069 | €13,148 | -€3,921 | -23.0% |
| Furniture and vehicles | 24 | - | €1,124 | +€1,124 | |
| Financial fixed assets | 28 | €3,950 | €3,950 | = | 0.0% |
| Current assets | 29/58 | €137,803 | €154,290 | +€16,487 | +12.0% |
| Stocks and contracts in progress | 3 | €71,056 | €65,828 | -€5,229 | -7.4% |
| Stocks | 30/36 | €71,056 | €65,828 | -€5,229 | -7.4% |
| Amounts receivable within one year | 40/41 | €24,095 | €68,035 | +€43,940 | +182% |
| Trade receivables | 40 | €23,066 | €40,103 | +€17,037 | +73.9% |
| Other amounts receivable | 41 | €1,029 | €27,932 | +€26,903 | +2,614% |
| Cash at bank and in hand | 54/58 | €26,817 | €8,521 | -€18,295 | -68.2% |
| Deferred charges and accrued income | 490/1 | €15,835 | €11,906 | -€3,929 | -24.8% |
| Total equity and liabilities | 10/49 | €230,719 | €234,048 | +€3,329 | +1.4% |
| Equity | 10/15 | -€32,449 | €636 | +€33,085 | |
| Contributions | 10/11 | €5,600 | €5,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,049 | -€4,964 | +€33,085 | +87.0% |
| Amounts payable | 17/49 | €263,168 | €233,412 | -€29,756 | -11.3% |
| Amounts payable after more than one year | 17 | €89,822 | €75,232 | -€14,590 | -16.2% |
| Financial debts | 170/4 | €89,822 | €15,232 | -€74,590 | -83.0% |
| Other amounts payable | 178/9 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €173,346 | €158,154 | -€15,192 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €16,708 | €14,590 | -€2,119 | -12.7% |
| Financial debts | 43 | - | €11,002 | +€11,002 | |
| Credit institutions | 430/8 | - | €11,002 | +€11,002 | |
| Trade debts | 44 | €115,023 | €89,119 | -€25,904 | -22.5% |
| Suppliers | 440/4 | €115,023 | €89,119 | -€25,904 | -22.5% |
| Taxes, remuneration and social security | 45 | €34,989 | €38,437 | +€3,447 | +9.9% |
| Taxes | 450/3 | €20,237 | €24,709 | +€4,471 | +22.1% |
| Remuneration and social security | 454/9 | €14,752 | €13,728 | -€1,024 | -6.9% |
| Other amounts payable | 47/48 | €6,625 | €5,007 | -€1,619 | -24.4% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Non-recurring operating income | 76A | - | €11,848 | +€11,848 | |
| Remuneration, social security and pensions | 62 | €103,025 | €127,494 | +€24,470 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,337 | €15,870 | +€533 | +3.5% |
| Other operating charges | 640/8 | €8,943 | €2,725 | -€6,218 | -69.5% |
| Gross operating margin | 9900 | €119,800 | €207,795 | +€87,995 | +73.5% |
| Operating profit (loss) | 9901 | -€7,505 | €61,706 | +€69,211 | |
| Financial income | 75/76B | €7 | €1,083 | +€1,075 | +15,126% |
| Recurring financial income | 75 | €7 | €1,083 | +€1,075 | +15,126% |
| Financial charges | 65/66B | €11,789 | €26,004 | +€14,215 | +121% |
| Recurring financial charges | 65 | €11,789 | €26,004 | +€14,215 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€19,287 | €36,785 | +€56,072 | |
| Income taxes | 67/77 | €395 | €3,700 | +€3,305 | +836% |
| Profit (loss) for the period | 9904 | -€19,682 | €33,085 | +€52,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,682 | €33,085 | +€52,767 |
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 14 October 2026 via checked.be.