AMCOTEC: 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.
What changed
AMCOTEC
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€8.0m
2023 · €3.4m+€4.6m
Equity
€549.4m
2023 · €541.4m+€8.0m
Cash
€16.3m
2023 · €20.7m-€4.4m
Balance sheet total
€553.5m
2023 · €546.2m+€7.4m
Largest movements
Assets
- Current investments +€24.4m
up €24.4m (+6.0%), from €403.8m to €428.2m
- Receivables within one year -€7.2m
down €7.2m (-69.0%), from €10.5m to €3.3m
of which Other amounts receivable: -€8.7m
- Receivables after one year -€6.2m
down €6.2m (-61.4%), from €10.1m to €3.9m
Equity and liabilities
- Profit (loss) carried forward +€8.0m
up €8.0m (+141%), from €5.6m to €13.6m
Income statement
- Financial charges -€23.5m
down €23.5m, from €19.3m to -€4.2m
of which Financial charges: -€15.8m
- Goods and materials -€13.2m
no longer reported in 2024 (was €13.2m)
- Turnover -€11.7m
no longer reported in 2024 (was €11.7m)
- Financial income -€11.3m
down €11.3m (-53.5%), from €21.1m to €9.8m
of which Financial income: -€7.4m
- Other operating income -€4.2m
down €4.2m (-77.8%), from €5.4m to €1.2m
From the 2023 result to the 2024 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.
Result 2023
€3.4m
Turnover
-€11.7m
Other operating income
-€4.2m
Goods and materials
+€13.2m
Services and other goods
-€54,719
Staff costs
-€1.8m
Depreciation
-€2,358
Provisions
-€2.0m
Other operating charges
+€1.1m
Financial income
-€11.3m
Financial charges
+€23.5m
Taxes
-€2.2m
Result 2024
€8.0m
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€19.9m
Investment
-€24.3m
Financing
€0
Cash 2023
€20.7m
From operations (derived)
+€19.9m
Net result for the year
+€8.0m
Depreciation
+€24,638
Receivables after one year
+€6.2m
Receivables within one year
+€7.2m
Deferred charges and accrued income
-€903,631
Trade debts
+€965,878
Tax, wage and social debts
-€105,483
Other debts
-€1.6m
Accrued charges and deferred income
+€55,072
Investment (derived)
-€24.3m
Investment in fixed assets (net)
+€133,869
Current investments
-€24.4m
Cash 2024
€16.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €546,189,804 | €553,541,808 | +€7.4m | +1.3% |
| Fixed assets | 21/28 | €100,016,289 | €99,857,782 | -€158,507 | -0.2% |
| Tangible fixed assets | 22/27 | €315,995 | €399,975 | +€83,981 | +26.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €91,282 | €69,262 | -€22,019 | -24.1% |
| Other tangible fixed assets | 26 | €224,713 | €330,713 | +€106,000 | +47.2% |
| Financial fixed assets | 28 | €99,700,295 | €99,457,807 | -€242,488 | -0.2% |
| Affiliated companies | 280/1 | €73,149,805 | €72,907,317 | -€242,488 | -0.3% |
| Participating interests | 280 | €35,683,524 | €35,390,559 | -€292,965 | -0.8% |
| Amounts receivable | 281 | €37,466,281 | €37,516,758 | +€50,478 | +0.1% |
| Companies linked by participating interests | 282/3 | €26,550,490 | €26,550,490 | = | 0.0% |
| Participating interests | 282 | €26,550,490 | €26,550,490 | = | 0.0% |
| Current assets | 29/58 | €446,173,515 | €453,684,025 | +€7.5m | +1.7% |
| Amounts receivable after more than one year | 29 | €10,113,442 | €3,900,000 | -€6.2m | -61.4% |
| Other amounts receivable | 291 | €10,113,442 | €3,900,000 | -€6.2m | -61.4% |
| Amounts receivable within one year | 40/41 | €10,477,162 | €3,251,063 | -€7.2m | -69.0% |
| Trade receivables | 40 | - | €1,513,006 | +€1.5m | |
| Other amounts receivable | 41 | €10,477,162 | €1,738,057 | -€8.7m | -83.4% |
| Current investments | 50/53 | €403,786,868 | €428,184,670 | +€24.4m | +6.0% |
| Other investments | 51/53 | €403,786,868 | €428,184,670 | +€24.4m | +6.0% |
| Cash at bank and in hand | 54/58 | €20,678,899 | €16,327,518 | -€4.4m | -21.0% |
| Deferred charges and accrued income | 490/1 | €1,117,144 | €2,020,775 | +€903,631 | +80.9% |
| Total equity and liabilities | 10/49 | €546,189,804 | €553,541,808 | +€7.4m | +1.3% |
| Equity | 10/15 | €541,387,847 | €549,375,175 | +€8.0m | +1.5% |
| Contributions | 10/11 | €5,219,000 | €5,219,000 | = | 0.0% |
| Capital | 10 | €5,219,000 | €5,219,000 | = | 0.0% |
| Issued capital | 100 | €5,219,000 | €5,219,000 | = | 0.0% |
| Reserves | 13 | €530,521,900 | €530,521,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €521,900 | €521,900 | = | 0.0% |
| Legal reserve | 130 | €521,900 | €521,900 | = | 0.0% |
| Distributable reserves | 133 | €530,000,000 | €530,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,646,947 | €13,634,275 | +€8.0m | +141% |
| Amounts payable | 17/49 | €4,801,957 | €4,166,633 | -€635,324 | -13.2% |
| Amounts payable within one year | 42/48 | €4,797,957 | €4,107,561 | -€690,396 | -14.4% |
| Trade debts | 44 | €497,644 | €1,463,522 | +€965,878 | +194% |
| Suppliers | 440/4 | €497,644 | €1,463,522 | +€965,878 | +194% |
| Taxes, remuneration and social security | 45 | €2,744,002 | €2,638,519 | -€105,483 | -3.8% |
| Taxes | 450/3 | €2,722,807 | €2,605,602 | -€117,205 | -4.3% |
| Remuneration and social security | 454/9 | €21,195 | €32,917 | +€11,722 | +55.3% |
| Other amounts payable | 47/48 | €1,556,310 | €5,520 | -€1.6m | -99.6% |
| Accrued charges and deferred income | 492/3 | €4,000 | €59,072 | +€55,072 | +1,377% |
| Operating income | 70/76A | €17,043,957 | €1,195,558 | -€15.8m | -93.0% |
| Turnover | 70 | €11,664,806 | - | -€11.7m | |
| Other operating income | 74 | €5,379,151 | €1,195,558 | -€4.2m | -77.8% |
| Operating charges | 60/66A | €16,793,416 | €6,392,073 | -€10.4m | -61.9% |
| Goods for resale, raw materials and consumables | 60 | €13,170,100 | - | -€13.2m | |
| Change in stocks: decrease (increase) | 609 | €13,170,100 | - | -€13.2m | |
| Services and other goods | 61 | €3,424,406 | €3,479,125 | +€54,719 | +1.6% |
| Remuneration, social security and pensions | 62 | €557,736 | €2,318,676 | +€1.8m | +316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,280 | €24,638 | +€2,358 | +10.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,032,399 | - | +€2.0m | |
| Other operating charges | 640/8 | €1,651,293 | €569,634 | -€1.1m | -65.5% |
| Operating profit (loss) | 9901 | €250,541 | -€5,196,516 | -€5.4m | |
| Financial income | 75/76B | €21,079,939 | €9,810,043 | -€11.3m | -53.5% |
| Recurring financial income | 75 | €17,228,742 | €9,810,043 | -€7.4m | -43.1% |
| Income from financial fixed assets | 750 | €5,692,702 | €397,044 | -€5.3m | -93.0% |
| Income from current assets | 751 | €805,363 | €4,413,903 | +€3.6m | +448% |
| Other financial income | 752/9 | €10,730,677 | €4,999,097 | -€5.7m | -53.4% |
| Non-recurring financial income | 76B | €3,851,197 | - | -€3.9m | |
| Financial charges | 65/66B | €19,260,173 | -€4,236,593 | -€23.5m | |
| Recurring financial charges | 65 | €11,118,173 | -€4,729,559 | -€15.8m | |
| Debt charges | 650 | €595,417 | €666 | -€594,751 | -99.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€2,369,323 | -€7,799,293 | -€5.4m | -229% |
| Other financial charges | 652/9 | €12,892,078 | €3,069,068 | -€9.8m | -76.2% |
| Non-recurring financial charges | 66B | €8,142,000 | €492,965 | -€7.6m | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €2,070,308 | €8,850,121 | +€6.8m | +327% |
| Income taxes | 67/77 | -€1,334,074 | €862,794 | +€2.2m | |
| Taxes | 670/3 | €462,012 | €1,166,011 | +€703,999 | +152% |
| Tax adjustments and reversals of tax provisions | 77 | €1,796,085 | €303,217 | -€1.5m | -83.1% |
| Profit (loss) for the period | 9904 | €3,404,382 | €7,987,327 | +€4.6m | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €3,404,382 | €7,987,327 | +€4.6m | +135% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.