AMESCO: what changed
What changed
AMESCO
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€86,578
2024 · €58,831+€27,747
Equity
€664,560
2024 · €622,982+€41,578
Cash
€56,900
2024 · €50,535+€6,365
Balance sheet total
€1.2m
2024 · €1.2m+€66,595
Largest movements
Assets
- Receivables within one year +€45,084
up €45,084 (+10.7%), from €419,442 to €464,526
of which Trade receivables: +€47,423
- Tangible fixed assets +€45,078
up €45,078 (+12.3%), from €366,259 to €411,337
of which Plant, machinery and equipment: +€62,465
- Stocks and contracts -€21,086
down €21,086 (-21.9%), from €96,322 to €75,236
Equity and liabilities
- Reserves +€41,578
up €41,578 (+7.6%), from €547,982 to €589,560
of which Distributable reserves: +€41,578
- Debts after one year -€31,230
down €31,230 (-23.8%), from €131,378 to €100,148
- Current portion of long-term debt +€24,045
up €24,045 (+70.1%), from €34,315 to €58,360
- Trade debts +€21,032
up €21,032 (+8.7%), from €240,667 to €261,700
Income statement
- Gross operating margin +€39,424
up €39,424 (+5.2%), from €761,056 to €800,480
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€58,831
Gross operating margin
+€39,424
Staff costs
-€936
Depreciation
-€1,860
Other operating charges
-€496
Financial income
-€469
Financial charges
-€424
Taxes
-€7,492
Result 2025
€86,578
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€131,319
Investment
-€72,768
Financing
-€52,186
Cash 2024
€50,535
From operations (derived)
+€131,319
Net result for the year
+€86,578
Depreciation
+€36,356
Stocks and contracts
+€21,086
Receivables within one year
-€45,084
Deferred charges and accrued income
+€180
Trade debts
+€21,032
Tax, wage and social debts
+€9,947
Accrued charges and deferred income
+€1,223
Investment (derived)
-€72,768
Investment in fixed assets (net)
-€80,915
Current investments
+€8,147
Financing
-€52,186
Debts after one year
-€31,230
Current portion of long-term debt
+€24,045
Contributions, distributions and other
-€45,000
Cash 2025
€56,900
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,171,047 | €1,237,642 | +€66,595 | +5.7% |
| Fixed assets | 21/28 | €366,778 | €411,337 | +€44,559 | +12.1% |
| Tangible fixed assets | 22/27 | €366,259 | €411,337 | +€45,078 | +12.3% |
| Land and buildings | 22 | €319,580 | €302,433 | -€17,147 | -5.4% |
| Plant, machinery and equipment | 23 | €46,393 | €108,858 | +€62,465 | +135% |
| Furniture and vehicles | 24 | €286 | €46 | -€240 | -83.9% |
| Financial fixed assets | 28 | €519 | - | -€519 | |
| Current assets | 29/58 | €804,269 | €826,305 | +€22,036 | +2.7% |
| Stocks and contracts in progress | 3 | €96,322 | €75,236 | -€21,086 | -21.9% |
| Stocks | 30/36 | €96,322 | €75,236 | -€21,086 | -21.9% |
| Amounts receivable within one year | 40/41 | €419,442 | €464,526 | +€45,084 | +10.7% |
| Trade receivables | 40 | €416,581 | €464,004 | +€47,423 | +11.4% |
| Other amounts receivable | 41 | €2,861 | €522 | -€2,339 | -81.8% |
| Current investments | 50/53 | €223,147 | €215,000 | -€8,147 | -3.7% |
| Cash at bank and in hand | 54/58 | €50,535 | €56,900 | +€6,365 | +12.6% |
| Deferred charges and accrued income | 490/1 | €14,824 | €14,643 | -€180 | -1.2% |
| Total equity and liabilities | 10/49 | €1,171,047 | €1,237,642 | +€66,595 | +5.7% |
| Equity | 10/15 | €622,982 | €664,560 | +€41,578 | +6.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €547,982 | €589,560 | +€41,578 | +7.6% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €540,482 | €582,060 | +€41,578 | +7.7% |
| Amounts payable | 17/49 | €548,065 | €573,082 | +€25,017 | +4.6% |
| Amounts payable after more than one year | 17 | €131,378 | €100,148 | -€31,230 | -23.8% |
| Financial debts | 170/4 | €131,378 | €100,148 | -€31,230 | -23.8% |
| Amounts payable within one year | 42/48 | €410,371 | €465,395 | +€55,024 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €34,315 | €58,360 | +€24,045 | +70.1% |
| Trade debts | 44 | €240,667 | €261,700 | +€21,032 | +8.7% |
| Suppliers | 440/4 | €240,667 | €261,700 | +€21,032 | +8.7% |
| Taxes, remuneration and social security | 45 | €90,389 | €100,336 | +€9,947 | +11.0% |
| Taxes | 450/3 | €2,323 | €10,459 | +€8,136 | +350% |
| Remuneration and social security | 454/9 | €88,065 | €89,877 | +€1,812 | +2.1% |
| Other amounts payable | 47/48 | €45,000 | €45,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,317 | €7,539 | +€1,223 | +19.4% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €632,608 | €633,545 | +€936 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,496 | €36,356 | +€1,860 | +5.4% |
| Other operating charges | 640/8 | €14,453 | €14,949 | +€496 | +3.4% |
| Gross operating margin | 9900 | €761,056 | €800,480 | +€39,424 | +5.2% |
| Operating profit (loss) | 9901 | €79,498 | €115,630 | +€36,132 | +45.4% |
| Financial income | 75/76B | €4,314 | €3,846 | -€469 | -10.9% |
| Recurring financial income | 75 | €4,314 | €3,846 | -€469 | -10.9% |
| Financial charges | 65/66B | €3,522 | €3,946 | +€424 | +12.0% |
| Recurring financial charges | 65 | €3,522 | €3,946 | +€424 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €80,291 | €115,530 | +€35,239 | +43.9% |
| Income taxes | 67/77 | €21,460 | €28,952 | +€7,492 | +34.9% |
| Profit (loss) for the period | 9904 | €58,831 | €86,578 | +€27,747 | +47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,831 | €86,578 | +€27,747 | +47.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.