AMFORA: 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.
AMFORA
Largest movements
- Cash +€98,320
up €98,320 (+818%), from €12,021 to €110,341
mainly Short-term financial debts (+€150,000) and Net result for the year (+€78,349)
- Tangible fixed assets -€20,400
down €20,400 (-2.7%), from €769,375 to €748,975
of which Land and buildings: -€20,680
- Debts after one year -€154,252
down €154,252 (-34.4%), from €447,949 to €293,697
- Short-term financial debts +€150,000
new in 2025: €150,000
- Profit (loss) carried forward +€78,349
up €78,349 (+30.2%), from -€259,850 to -€181,501
- Gross operating margin +€140,129
up €140,129 (+7,791%), from €1,799 to €141,928
- Financial charges +€7,962
up €7,962 (+1,527%), from €521 to €8,483
- Staff costs +€3,725
up €3,725 (+17.7%), from €21,093 to €24,818
- Other operating charges +€1,731
up €1,731 (+23.7%), from €7,297 to €9,028
- Depreciation -€1,504
down €1,504 (-8.9%), from €16,928 to €15,424
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 | €811,110 | €891,525 | +€80,415 | +9.9% |
| Fixed assets | 21/28 | €769,375 | €748,975 | -€20,400 | -2.7% |
| Tangible fixed assets | 22/27 | €769,375 | €748,975 | -€20,400 | -2.7% |
| Land and buildings | 22 | €765,870 | €745,191 | -€20,680 | -2.7% |
| Plant, machinery and equipment | 23 | €3,504 | €3,028 | -€476 | -13.6% |
| Furniture and vehicles | 24 | - | €756 | +€756 | |
| Current assets | 29/58 | €41,735 | €142,551 | +€100,815 | +242% |
| Stocks and contracts in progress | 3 | €27,970 | €25,728 | -€2,242 | -8.0% |
| Stocks | 30/36 | €27,970 | €25,728 | -€2,242 | -8.0% |
| Amounts receivable within one year | 40/41 | €13 | €6,282 | +€6,269 | +47,783% |
| Trade receivables | 40 | - | €5,206 | +€5,206 | |
| Other amounts receivable | 41 | €13 | €1,077 | +€1,063 | +8,106% |
| Cash at bank and in hand | 54/58 | €12,021 | €110,341 | +€98,320 | +818% |
| Deferred charges and accrued income | 490/1 | €1,731 | €199 | -€1,532 | -88.5% |
| Total equity and liabilities | 10/49 | €811,110 | €891,525 | +€80,415 | +9.9% |
| Equity | 10/15 | €361,296 | €439,645 | +€78,349 | +21.7% |
| Contributions | 10/11 | €558,620 | €558,620 | = | 0.0% |
| Reserves | 13 | €62,526 | €62,526 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €43,776 | €43,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,850 | -€181,501 | +€78,349 | +30.2% |
| Amounts payable | 17/49 | €449,814 | €451,880 | +€2,066 | +0.5% |
| Amounts payable after more than one year | 17 | €447,949 | €293,697 | -€154,252 | -34.4% |
| Financial debts | 170/4 | €447,949 | €293,697 | -€154,252 | -34.4% |
| Amounts payable within one year | 42/48 | €1,865 | €157,159 | +€155,294 | +8,326% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €1,459 | €1,573 | +€114 | +7.8% |
| Suppliers | 440/4 | €1,459 | €1,573 | +€114 | +7.8% |
| Taxes, remuneration and social security | 45 | €406 | €5,587 | +€5,180 | +1,274% |
| Taxes | 450/3 | €406 | €249 | -€157 | -38.7% |
| Remuneration and social security | 454/9 | - | €5,337 | +€5,337 | |
| Accrued charges and deferred income | 492/3 | - | €1,024 | +€1,024 | |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Remuneration, social security and pensions | 62 | €21,093 | €24,818 | +€3,725 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,928 | €15,424 | -€1,504 | -8.9% |
| Other operating charges | 640/8 | €7,297 | €9,028 | +€1,731 | +23.7% |
| Non-recurring operating charges | 66A | - | €5,827 | +€5,827 | |
| Gross operating margin | 9900 | €1,799 | €141,928 | +€140,129 | +7,791% |
| Operating profit (loss) | 9901 | -€43,518 | €86,831 | +€130,349 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +133% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +133% |
| Financial charges | 65/66B | €521 | €8,483 | +€7,962 | +1,527% |
| Recurring financial charges | 65 | €521 | €8,483 | +€7,962 | +1,527% |
| Profit (loss) for the period before taxes | 9903 | -€44,040 | €78,348 | +€122,388 | |
| Income taxes | 67/77 | €66 | -€1 | -€68 | |
| Profit (loss) for the period | 9904 | -€44,106 | €78,349 | +€122,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,106 | €78,349 | +€122,455 |
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 28 October 2026 via checked.be.