A&M Belgium: 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.
A&M Belgium
Largest movements
- Receivables within one year +€19,792
up €19,792 (+983%), from €2,013 to €21,805
of which Trade receivables: +€20,220
- Cash -€5,428
down €5,428 (-5.3%), from €102,676 to €97,248
mainly Net result for the year (-€20,253) and Receivables within one year (-€19,792)
- Trade debts +€31,341
up €31,341 (+313%), from €10,009 to €41,350
- Profit (loss) carried forward -€20,253
down €20,253 (-29.7%), from €68,229 to €47,976
- Tax, wage and social debts +€3,276
up €3,276 (+14.4%), from €22,743 to €26,019
of which Remuneration and social security: +€3,276
- Gross operating margin -€93,972
down €93,972, from €93,539 to -€433
- Taxes -€22,743
no longer reported in 2025 (was €22,743)
- Staff costs +€19,324
new in 2025: €19,324
- Depreciation -€1,484
no longer reported in 2025 (was €1,484)
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 | €104,689 | €119,053 | +€14,364 | +13.7% |
| Current assets | 29/58 | €104,689 | €119,053 | +€14,364 | +13.7% |
| Amounts receivable within one year | 40/41 | €2,013 | €21,805 | +€19,792 | +983% |
| Trade receivables | 40 | - | €20,220 | +€20,220 | |
| Other amounts receivable | 41 | €2,013 | €1,585 | -€429 | -21.3% |
| Cash at bank and in hand | 54/58 | €102,676 | €97,248 | -€5,428 | -5.3% |
| Total equity and liabilities | 10/49 | €104,689 | €119,053 | +€14,364 | +13.7% |
| Equity | 10/15 | €70,229 | €49,976 | -€20,253 | -28.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,229 | €47,976 | -€20,253 | -29.7% |
| Amounts payable | 17/49 | €34,460 | €69,077 | +€34,617 | +100% |
| Amounts payable within one year | 42/48 | €34,460 | €69,077 | +€34,617 | +100% |
| Trade debts | 44 | €10,009 | €41,350 | +€31,341 | +313% |
| Suppliers | 440/4 | €10,009 | €41,350 | +€31,341 | +313% |
| Taxes, remuneration and social security | 45 | €22,743 | €26,019 | +€3,276 | +14.4% |
| Taxes | 450/3 | €22,743 | €22,743 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €3,276 | +€3,276 | |
| Other amounts payable | 47/48 | €1,707 | €1,707 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €19,324 | +€19,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,484 | - | -€1,484 | |
| Other operating charges | 640/8 | €1,043 | €410 | -€632 | -60.7% |
| Gross operating margin | 9900 | €93,539 | -€433 | -€93,972 | |
| Operating profit (loss) | 9901 | €91,013 | -€20,168 | -€111,180 | |
| Financial charges | 65/66B | €40 | €85 | +€45 | +112% |
| Recurring financial charges | 65 | €40 | €85 | +€45 | +112% |
| Profit (loss) for the period before taxes | 9903 | €90,972 | -€20,253 | -€111,225 | |
| Income taxes | 67/77 | €22,743 | - | -€22,743 | |
| Profit (loss) for the period | 9904 | €68,229 | -€20,253 | -€88,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,229 | -€20,253 | -€88,482 |
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 31 October 2026 via checked.be.