A.M.B.: 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
A.M.B.
NACE 25.530, Machining of metals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€465,140
2024 · €4.2m-€4.7m
Equity
€27.3m
2024 · €26.2m+€1.1m
Cash
€1.6m
2024 · €4.4m-€2.7m
Balance sheet total
€36.8m
2024 · €42.3m-€5.5m
Largest movements
Assets
- Receivables within one year -€9.3m
down €9.3m (-58.9%), from €15.8m to €6.5m
of which Trade receivables: -€10.9m
- Current investments +€4.4m
new in 2025: €4.4m
- Cash -€2.7m
down €2.7m (-62.5%), from €4.4m to €1.6m
mainly Current investments (-€4.4m) and Other debts (-€2.8m)
- Stocks and contracts +€2.4m
up €2.4m (+13.2%), from €18.3m to €20.7m
of which Contracts in progress: +€2.4m
Equity and liabilities
- Other debts -€2.8m
no longer reported in 2025 (was €2.8m)
- Trade debts -€2.2m
down €2.2m (-72.2%), from €3.0m to €834,534
of which Suppliers: -€2.2m
- Advances received -€1.9m
down €1.9m (-21.2%), from €8.8m to €6.9m
- Investment grants +€1.5m
up €1.5m (+241.3%), from €639,582 to €2.2m
- Profit (loss) carried forward -€465,140
down €465,140 (-7.1%), from €6.6m to €6.1m
Income statement
- Turnover -€7.5m
down €7.5m (-50.5%), from €14.8m to €7.3m
- Taxes -€945,137
down €945,137 (-99.8%), from €946,991 to €1,854
- Goods and materials -€866,621
down €866,621 (-15.8%), from €5.5m to €4.6m
of which Purchases: -€1.7m
- Services and other goods +€831,875
up €831,875 (+52.5%), from €1.6m to €2.4m
- Financial income -€274,517
down €274,517 (-44.0%), from €623,696 to €349,179
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.
Result 2024
€4.2m
Turnover
-€7.5m
Other operating income
-€137,910
Goods and materials
+€866,621
Services and other goods
-€831,875
Staff costs
+€146,359
Depreciation
+€130,156
Other operating charges
-€30,757
Other operating items
+€2.0m
Financial income
-€274,517
Financial charges
-€69,869
Taxes
+€945,137
Result 2025
-€465,140
Cash bridge derived
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.
From operations
+€246,318
Investment
-€4.9m
Financing
+€1.9m
Cash 2024
€4.4m
From operations (derived)
+€246,318
Net result for the year
-€465,140
Depreciation
+€773,840
Stocks and contracts
-€2.4m
Receivables within one year
+€9.3m
Deferred charges and accrued income
-€32,244
Trade debts
-€2.2m
Tax, wage and social debts
-€77,794
Advances received
-€1.9m
Other debts
-€2.8m
Accrued charges and deferred income
-€35,824
Investment (derived)
-€4.9m
Investment in fixed assets (net)
-€472,380
Current investments
-€4.4m
Financing
+€1.9m
Debts after one year
+€391,563
Current portion of long-term debt
+€1,897
Contributions, distributions and other
+€1.5m
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,299,626 | €36,827,479 | -€5.5m | -12.9% |
| Fixed assets | 21/28 | €3,735,319 | €3,433,859 | -€301,460 | -8.1% |
| Intangible fixed assets | 21 | €838,202 | €715,172 | -€123,030 | -14.7% |
| Tangible fixed assets | 22/27 | €2,890,099 | €2,696,767 | -€193,332 | -6.7% |
| Land and buildings | 22 | €2,586,691 | €2,430,973 | -€155,718 | -6.0% |
| Plant, machinery and equipment | 23 | €167,842 | €117,939 | -€49,904 | -29.7% |
| Furniture and vehicles | 24 | €135,565 | €123,254 | -€12,311 | -9.1% |
| Assets under construction and advance payments | 27 | - | €24,602 | +€24,602 | |
| Financial fixed assets | 28 | €7,018 | €21,920 | +€14,901 | +212.3% |
| Other financial fixed assets | 284/8 | €7,018 | €21,920 | +€14,901 | +212.3% |
| Shares | 284 | €6,250 | €6,250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €768 | €15,670 | +€14,901 | +1939.1% |
| Current assets | 29/58 | €38,564,307 | €33,393,620 | -€5.2m | -13.4% |
| Stocks and contracts in progress | 3 | €18,299,325 | €20,721,651 | +€2.4m | +13.2% |
| Stocks | 30/36 | €2,435,757 | €2,473,457 | +€37,699 | +1.5% |
| Raw materials and consumables | 30/31 | €2,435,757 | €2,441,305 | +€5,548 | +0.2% |
| Advance payments | 36 | - | €32,151 | +€32,151 | |
| Contracts in progress | 37 | €15,863,567 | €18,248,194 | +€2.4m | +15.0% |
| Amounts receivable within one year | 40/41 | €15,844,537 | €6,508,692 | -€9.3m | -58.9% |
| Trade receivables | 40 | €15,465,906 | €4,580,695 | -€10.9m | -70.4% |
| Other amounts receivable | 41 | €378,631 | €1,927,997 | +€1.5m | +409.2% |
| Current investments | 50/53 | - | €4,433,498 | +€4.4m | |
| Other investments | 51/53 | - | €4,433,498 | +€4.4m | |
| Cash at bank and in hand | 54/58 | €4,359,869 | €1,636,959 | -€2.7m | -62.5% |
| Deferred charges and accrued income | 490/1 | €60,576 | €92,820 | +€32,244 | +53.2% |
| Total equity and liabilities | 10/49 | €42,299,626 | €36,827,479 | -€5.5m | -12.9% |
| Equity | 10/15 | €26,236,159 | €27,314,209 | +€1.1m | +4.1% |
| Contributions | 10/11 | €231,500 | €231,500 | = | 0.0% |
| Capital | 10 | €231,500 | €231,500 | = | 0.0% |
| Issued capital | 100 | €231,500 | €231,500 | = | 0.0% |
| Revaluation surpluses | 12 | €59,494 | €59,494 | = | 0.0% |
| Reserves | 13 | €18,711,003 | €18,711,003 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,503 | €23,503 | = | 0.0% |
| Legal reserve | 130 | €23,503 | €23,503 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,631,500 | €4,000,000 | -€631,500 | -13.6% |
| Distributable reserves | 133 | €14,056,000 | €14,687,500 | +€631,500 | +4.5% |
| Profit (loss) carried forward | 14 | €6,594,580 | €6,129,440 | -€465,140 | -7.1% |
| Investment grants | 15 | €639,582 | €2,182,772 | +€1.5m | +241.3% |
| Amounts payable | 17/49 | €16,063,467 | €9,513,270 | -€6.6m | -40.8% |
| Amounts payable after more than one year | 17 | €731,638 | €1,123,201 | +€391,563 | +53.5% |
| Financial debts | 170/4 | €731,638 | €519,674 | -€211,964 | -29.0% |
| Subordinated loans | 170 | €117,857 | €94,286 | -€23,571 | -20.0% |
| Other loans | 174 | €613,781 | €425,389 | -€188,392 | -30.7% |
| Other amounts payable | 178/9 | - | €603,527 | +€603,527 | |
| Amounts payable within one year | 42/48 | €15,289,757 | €8,383,822 | -€6.9m | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €150,960 | €152,857 | +€1,897 | +1.3% |
| Trade debts | 44 | €2,999,959 | €834,534 | -€2.2m | -72.2% |
| Suppliers | 440/4 | €2,989,959 | €820,047 | -€2.2m | -72.6% |
| Bills of exchange payable | 441 | €10,000 | €14,488 | +€4,488 | +44.9% |
| Advances received on contracts in progress | 46 | €8,765,013 | €6,909,762 | -€1.9m | -21.2% |
| Taxes, remuneration and social security | 45 | €564,463 | €486,670 | -€77,794 | -13.8% |
| Taxes | 450/3 | €215,435 | €205,948 | -€9,487 | -4.4% |
| Remuneration and social security | 454/9 | €349,029 | €280,722 | -€68,307 | -19.6% |
| Other amounts payable | 47/48 | €2,809,362 | - | -€2.8m | |
| Accrued charges and deferred income | 492/3 | €42,071 | €6,247 | -€35,824 | -85.2% |
| Operating income | 70/76A | €15,738,803 | €10,161,025 | -€5.6m | -35.4% |
| Turnover | 70 | €14,764,513 | €7,307,942 | -€7.5m | -50.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €677,896 | €2,384,627 | +€1.7m | +251.8% |
| Own construction capitalised | 72 | €17,011 | €326,983 | +€309,972 | +1822.2% |
| Other operating income | 74 | €279,383 | €141,473 | -€137,910 | -49.4% |
| Operating charges | 60/66A | €11,117,626 | €10,836,318 | -€281,308 | -2.5% |
| Goods for resale, raw materials and consumables | 60 | €5,468,194 | €4,601,573 | -€866,621 | -15.8% |
| Purchases | 600/8 | €6,296,086 | €4,607,121 | -€1.7m | -26.8% |
| Change in stocks: decrease (increase) | 609 | -€827,892 | -€5,548 | +€822,344 | +99.3% |
| Services and other goods | 61 | €1,585,462 | €2,417,337 | +€831,875 | +52.5% |
| Remuneration, social security and pensions | 62 | €3,123,855 | €2,977,496 | -€146,359 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903,996 | €773,840 | -€130,156 | -14.4% |
| Other operating charges | 640/8 | €35,315 | €66,072 | +€30,757 | +87.1% |
| Non-recurring operating charges | 66A | €804 | - | -€804 | |
| Operating profit (loss) | 9901 | €4,621,177 | -€675,294 | -€5.3m | |
| Financial income | 75/76B | €623,696 | €349,179 | -€274,517 | -44.0% |
| Recurring financial income | 75 | €623,696 | €349,179 | -€274,517 | -44.0% |
| Income from financial fixed assets | 750 | €188,945 | €49,149 | -€139,796 | -74.0% |
| Income from current assets | 751 | €69,090 | €24,815 | -€44,275 | -64.1% |
| Other financial income | 752/9 | €365,661 | €275,214 | -€90,447 | -24.7% |
| Financial charges | 65/66B | €67,302 | €137,171 | +€69,869 | +103.8% |
| Recurring financial charges | 65 | €67,302 | €137,171 | +€69,869 | +103.8% |
| Debt charges | 650 | €38,821 | €94,324 | +€55,503 | +143.0% |
| Other financial charges | 652/9 | €28,481 | €42,847 | +€14,366 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €5,177,571 | -€463,286 | -€5.6m | |
| Income taxes | 67/77 | €946,991 | €1,854 | -€945,137 | -99.8% |
| Taxes | 670/3 | €946,991 | €1,854 | -€945,137 | -99.8% |
| Profit (loss) for the period | 9904 | €4,230,580 | -€465,140 | -€4.7m | |
| Transfer from tax-exempt reserves | 789 | - | €631,500 | +€631,500 | |
| Transfer to tax-exempt reserves | 689 | €1,000,000 | - | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €3,230,580 | €166,360 | -€3.1m | -94.9% |
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 12 October 2026 via checked.be.