4.A.M.N.: 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.
4.A.M.N.
Largest movements
- Cash -€3,926
down €3,926 (-27.3%), from €14,406 to €10,480
mainly Trade debts (-€7,955) and Investment in fixed assets (net) (-€5,602)
- Trade debts -€7,955
down €7,955 (-92.3%), from €8,622 to €667
- Other debts +€7,270
new in 2025: €7,270
- Profit (loss) carried forward -€2,018
down €2,018 (-7.8%), from -€26,033 to -€28,051
- Other operating charges -€17,193
down €17,193 (-99.6%), from €17,258 to €66
- Gross operating margin +€9,482
up €9,482, from -€2,233 to €7,250
- Depreciation +€4,481
new in 2025: €4,481
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 | €164,582 | €163,378 | -€1,203 | -0.7% |
| Fixed assets | 21/28 | €144,372 | €145,493 | +€1,121 | +0.8% |
| Tangible fixed assets | 22/27 | €144,372 | €145,493 | +€1,121 | +0.8% |
| Land and buildings | 22 | €120,000 | €118,303 | -€1,697 | -1.4% |
| Plant, machinery and equipment | 23 | - | €27,190 | +€27,190 | |
| Assets under construction and advance payments | 27 | €24,372 | - | -€24,372 | |
| Current assets | 29/58 | €20,210 | €17,885 | -€2,324 | -11.5% |
| Amounts receivable within one year | 40/41 | €5,572 | €7,172 | +€1,600 | +28.7% |
| Trade receivables | 40 | €5,572 | €5,572 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,600 | +€1,600 | |
| Cash at bank and in hand | 54/58 | €14,406 | €10,480 | -€3,926 | -27.3% |
| Deferred charges and accrued income | 490/1 | €232 | €233 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €164,582 | €163,378 | -€1,203 | -0.7% |
| Equity | 10/15 | -€6,033 | -€8,051 | -€2,018 | -33.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,033 | -€28,051 | -€2,018 | -7.8% |
| Amounts payable | 17/49 | €170,615 | €171,430 | +€815 | +0.5% |
| Amounts payable after more than one year | 17 | €155,913 | €156,395 | +€481 | +0.3% |
| Financial debts | 170/4 | €121,959 | €114,860 | -€7,098 | -5.8% |
| Other amounts payable | 178/9 | €33,955 | €41,534 | +€7,580 | +22.3% |
| Amounts payable within one year | 42/48 | €14,701 | €15,035 | +€334 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €3,701 | €3,869 | +€167 | +4.5% |
| Financial debts | 43 | €2,378 | €3,229 | +€851 | +35.8% |
| Other loans | 439 | €2,378 | €3,229 | +€851 | +35.8% |
| Trade debts | 44 | €8,622 | €667 | -€7,955 | -92.3% |
| Suppliers | 440/4 | €8,622 | €667 | -€7,955 | -92.3% |
| Other amounts payable | 47/48 | - | €7,270 | +€7,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,481 | +€4,481 | |
| Other operating charges | 640/8 | €17,258 | €66 | -€17,193 | -99.6% |
| Gross operating margin | 9900 | -€2,233 | €7,250 | +€9,482 | |
| Operating profit (loss) | 9901 | -€19,491 | €2,703 | +€22,193 | |
| Financial income | 75/76B | €4 | €0 | -€4 | -92.6% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -92.6% |
| Financial charges | 65/66B | €4,669 | €4,721 | +€52 | +1.1% |
| Recurring financial charges | 65 | €4,669 | €4,721 | +€52 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,156 | -€2,018 | +€22,138 | +91.6% |
| Profit (loss) for the period | 9904 | -€24,156 | -€2,018 | +€22,138 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,156 | -€2,018 | +€22,138 | +91.6% |
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 23 October 2026 via checked.be.