A.M.ELECTRONICS: what changed
Two fiscal 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.ELECTRONICS
Largest movements
- Cash -€350,845
down €350,845 (-63.1%), from €555,943 to €205,097
mainly Contributions, distributions and other (-€327,730) and Current investments (-€250,000)
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets +€76,134
up €76,134 (+51.3%), from €148,469 to €224,603
of which Furniture and vehicles: +€76,437
- Receivables within one year -€39,573
down €39,573 (-21.4%), from €184,547 to €144,974
of which Trade receivables: -€54,451
- Stocks and contracts +€10,628
up €10,628 (+53.0%), from €20,064 to €30,691
- Reserves -€126,880
down €126,880 (-16.8%), from €754,414 to €627,534
- Debts after one year +€68,010
up €68,010 (+303.9%), from €22,379 to €90,389
- Trade debts -€37,201
down €37,201 (-44.9%), from €82,860 to €45,660
- Current portion of long-term debt +€23,878
up €23,878 (+116.8%), from €20,449 to €44,327
- Tax, wage and social debts +€21,329
up €21,329 (+51.7%), from €41,250 to €62,579
of which Taxes: +€34,992
- Staff costs -€143,259
down €143,259 (-65.2%), from €219,619 to €76,360
- Gross operating margin -€76,969
down €76,969 (-14.4%), from €533,260 to €456,291
- Depreciation +€33,012
up €33,012 (+65.2%), from €50,669 to €83,682
- Financial income -€8,380
down €8,380 (-66.9%), from €12,523 to €4,144
- Taxes +€6,674
up €6,674 (+7.9%), from €84,564 to €91,239
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €927,650 | €872,349 | -€55,301 | -6.0% |
| Fixed assets | 21/28 | €148,469 | €224,603 | +€76,134 | +51.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €148,469 | €224,603 | +€76,134 | +51.3% |
| Plant, machinery and equipment | 23 | €5,622 | €5,796 | +€175 | +3.1% |
| Furniture and vehicles | 24 | €138,369 | €214,806 | +€76,437 | +55.2% |
| Other tangible fixed assets | 26 | €4,478 | €4,001 | -€477 | -10.7% |
| Current assets | 29/58 | €779,181 | €647,746 | -€131,435 | -16.9% |
| Stocks and contracts in progress | 3 | €20,064 | €30,691 | +€10,628 | +53.0% |
| Stocks | 30/36 | €20,064 | €30,691 | +€10,628 | +53.0% |
| Amounts receivable within one year | 40/41 | €184,547 | €144,974 | -€39,573 | -21.4% |
| Trade receivables | 40 | €173,312 | €118,861 | -€54,451 | -31.4% |
| Other amounts receivable | 41 | €11,235 | €26,113 | +€14,878 | +132.4% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €555,943 | €205,097 | -€350,845 | -63.1% |
| Deferred charges and accrued income | 490/1 | €18,628 | €16,984 | -€1,644 | -8.8% |
| Total equity and liabilities | 10/49 | €927,650 | €872,349 | -€55,301 | -6.0% |
| Equity | 10/15 | €756,274 | €629,394 | -€126,880 | -16.8% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €754,414 | €627,534 | -€126,880 | -16.8% |
| Distributable reserves | 133 | €754,414 | €627,534 | -€126,880 | -16.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €171,376 | €242,955 | +€71,579 | +41.8% |
| Amounts payable after more than one year | 17 | €22,379 | €90,389 | +€68,010 | +303.9% |
| Financial debts | 170/4 | €22,379 | €90,389 | +€68,010 | +303.9% |
| Amounts payable within one year | 42/48 | €148,980 | €152,566 | +€3,585 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €20,449 | €44,327 | +€23,878 | +116.8% |
| Trade debts | 44 | €82,860 | €45,660 | -€37,201 | -44.9% |
| Suppliers | 440/4 | €82,860 | €45,660 | -€37,201 | -44.9% |
| Taxes, remuneration and social security | 45 | €41,250 | €62,579 | +€21,329 | +51.7% |
| Taxes | 450/3 | €23,574 | €58,566 | +€34,992 | +148.4% |
| Remuneration and social security | 454/9 | €17,676 | €4,013 | -€13,663 | -77.3% |
| Other amounts payable | 47/48 | €4,421 | €0 | -€4,421 | -100.0% |
| Accrued charges and deferred income | 492/3 | €17 | €0 | -€17 | -100.0% |
| Non-recurring operating income | 76A | €14,876 | €0 | -€14,876 | -100.0% |
| Remuneration, social security and pensions | 62 | €219,619 | €76,360 | -€143,259 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,669 | €83,682 | +€33,012 | +65.2% |
| Other operating charges | 640/8 | €1,946 | €1,586 | -€360 | -18.5% |
| Non-recurring operating charges | 66A | €731 | €0 | -€731 | -100.0% |
| Gross operating margin | 9900 | €533,260 | €456,291 | -€76,969 | -14.4% |
| Operating profit (loss) | 9901 | €260,295 | €294,664 | +€34,369 | +13.2% |
| Financial income | 75/76B | €12,523 | €4,144 | -€8,380 | -66.9% |
| Recurring financial income | 75 | €12,523 | €4,144 | -€8,380 | -66.9% |
| Financial charges | 65/66B | €2,910 | €6,719 | +€3,809 | +130.9% |
| Recurring financial charges | 65 | €2,910 | €6,719 | +€3,809 | +130.9% |
| Profit (loss) for the period before taxes | 9903 | €269,908 | €292,089 | +€22,180 | +8.2% |
| Income taxes | 67/77 | €84,564 | €91,239 | +€6,674 | +7.9% |
| Profit (loss) for the period | 9904 | €185,344 | €200,850 | +€15,506 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €185,344 | €200,850 | +€15,506 | +8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.