AMELGEM: 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.
AMELGEM
Largest movements
- Cash -€250,939
down €250,939 (-98.2%), from €255,582 to €4,644
mainly Investment in fixed assets (net) (-€243,295) and Other debts (-€194,707)
- Tangible fixed assets +€151,745
up €151,745 (+3.8%), from €4.0m to €4.2m
of which Plant, machinery and equipment: +€140,824
- Receivables within one year -€91,576
down €91,576 (-9.3%), from €989,514 to €897,938
- Other debts -€194,707
down €194,707 (-22.1%), from €880,617 to €685,910
- Gross operating margin +€62,301
up €62,301 (+29.9%), from €208,017 to €270,317
- Other operating charges +€30,762
up €30,762 (+198%), from €15,541 to €46,303
- Depreciation +€10,320
up €10,320 (+12.7%), from €81,230 to €91,550
- Financial income -€8,878
down €8,878 (-21.2%), from €41,788 to €32,910
- Staff costs +€5,648
up €5,648 (+5.0%), from €113,639 to €119,286
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 | €5,253,714 | €5,096,117 | -€157,597 | -3.0% |
| Fixed assets | 21/28 | €4,004,071 | €4,155,815 | +€151,745 | +3.8% |
| Tangible fixed assets | 22/27 | €4,004,071 | €4,155,815 | +€151,745 | +3.8% |
| Land and buildings | 22 | €4,004,071 | €4,014,992 | +€10,921 | +0.3% |
| Plant, machinery and equipment | 23 | €0 | €140,824 | +€140,824 | |
| Current assets | 29/58 | €1,249,644 | €940,302 | -€309,342 | -24.8% |
| Amounts receivable within one year | 40/41 | €989,514 | €897,938 | -€91,576 | -9.3% |
| Other amounts receivable | 41 | €989,514 | €897,938 | -€91,576 | -9.3% |
| Cash at bank and in hand | 54/58 | €255,582 | €4,644 | -€250,939 | -98.2% |
| Deferred charges and accrued income | 490/1 | €4,547 | €37,720 | +€33,173 | +730% |
| Total equity and liabilities | 10/49 | €5,253,714 | €5,096,117 | -€157,597 | -3.0% |
| Equity | 10/15 | €4,352,847 | €4,370,579 | +€17,732 | +0.4% |
| Contributions | 10/11 | €4,321,000 | €4,321,000 | = | 0.0% |
| Reserves | 13 | - | €49,579 | +€49,579 | |
| Distributable reserves | 133 | - | €49,579 | +€49,579 | |
| Profit (loss) carried forward | 14 | €31,847 | €0 | -€31,847 | -100% |
| Amounts payable | 17/49 | €900,867 | €725,538 | -€175,329 | -19.5% |
| Amounts payable within one year | 42/48 | €898,128 | €724,552 | -€173,577 | -19.3% |
| Trade debts | 44 | €1,708 | €21,435 | +€19,727 | +1,155% |
| Suppliers | 440/4 | €1,708 | €21,435 | +€19,727 | +1,155% |
| Taxes, remuneration and social security | 45 | €15,803 | €17,207 | +€1,403 | +8.9% |
| Taxes | 450/3 | €5,960 | €6,797 | +€837 | +14.0% |
| Remuneration and social security | 454/9 | €9,843 | €10,410 | +€566 | +5.8% |
| Other amounts payable | 47/48 | €880,617 | €685,910 | -€194,707 | -22.1% |
| Accrued charges and deferred income | 492/3 | €2,739 | €986 | -€1,753 | -64.0% |
| Remuneration, social security and pensions | 62 | €113,639 | €119,286 | +€5,648 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,230 | €91,550 | +€10,320 | +12.7% |
| Other operating charges | 640/8 | €15,541 | €46,303 | +€30,762 | +198% |
| Gross operating margin | 9900 | €208,017 | €270,317 | +€62,301 | +29.9% |
| Operating profit (loss) | 9901 | -€2,394 | €13,177 | +€15,571 | |
| Financial income | 75/76B | €41,788 | €32,910 | -€8,878 | -21.2% |
| Recurring financial income | 75 | €41,788 | €32,910 | -€8,878 | -21.2% |
| Financial charges | 65/66B | €33,157 | €28,355 | -€4,802 | -14.5% |
| Recurring financial charges | 65 | €33,157 | €28,355 | -€4,802 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €6,237 | €17,732 | +€11,495 | +184% |
| Income taxes | 67/77 | -€210 | €0 | +€210 | |
| Profit (loss) for the period | 9904 | €6,447 | €17,732 | +€11,285 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €6,447 | €17,732 | +€11,285 | +175% |
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 30 October 2026 via checked.be.