A.M. Expertise: 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. Expertise
Largest movements
- Cash -€6,006
down €6,006 (-19.2%), from €31,254 to €25,247
mainly Debts after one year (-€5,612) and Contributions, distributions and other (-€2,857)
- Tangible fixed assets -€5,190
down €5,190 (-30.0%), from €17,286 to €12,096
of which Furniture and vehicles: -€4,676
- Receivables within one year +€1,718
up €1,718 (+19.7%), from €8,716 to €10,433
of which Trade receivables: +€1,718
- Debts after one year -€5,612
down €5,612 (-53.5%), from €10,486 to €4,874
- Profit (loss) carried forward -€2,227
down €2,227 (-9.4%), from €23,730 to €21,503
- Tax, wage and social debts -€1,727
down €1,727 (-11.5%), from €15,056 to €13,329
- Gross operating margin -€19,402
down €19,402 (-55.9%), from €34,720 to €15,318
- Depreciation -€5,035
down €5,035 (-67.6%), from €7,446 to €2,411
- Taxes -€3,818
down €3,818 (-60.1%), from €6,348 to €2,530
- Other operating charges +€1,592
up €1,592 (+114.7%), from €1,388 to €2,980
- Financial charges +€1,183
up €1,183 (+136.5%), from €867 to €2,049
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 | €57,284 | €48,205 | -€9,080 | -15.9% |
| Fixed assets | 21/28 | €17,286 | €12,096 | -€5,190 | -30.0% |
| Tangible fixed assets | 22/27 | €17,286 | €12,096 | -€5,190 | -30.0% |
| Furniture and vehicles | 24 | €14,986 | €10,310 | -€4,676 | -31.2% |
| Leasing and similar rights | 25 | €2,300 | €1,786 | -€514 | -22.3% |
| Current assets | 29/58 | €39,998 | €36,109 | -€3,890 | -9.7% |
| Amounts receivable within one year | 40/41 | €8,716 | €10,433 | +€1,718 | +19.7% |
| Trade receivables | 40 | €8,714 | €10,432 | +€1,718 | +19.7% |
| Other amounts receivable | 41 | €1 | €1 | -€1 | -42.9% |
| Cash at bank and in hand | 54/58 | €31,254 | €25,247 | -€6,006 | -19.2% |
| Deferred charges and accrued income | 490/1 | €29 | €428 | +€399 | +1381.9% |
| Total equity and liabilities | 10/49 | €57,284 | €48,205 | -€9,080 | -15.9% |
| Equity | 10/15 | €25,730 | €23,503 | -€2,227 | -8.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,730 | €21,503 | -€2,227 | -9.4% |
| Amounts payable | 17/49 | €31,554 | €24,702 | -€6,852 | -21.7% |
| Amounts payable after more than one year | 17 | €10,486 | €4,874 | -€5,612 | -53.5% |
| Financial debts | 170/4 | €10,486 | €4,874 | -€5,612 | -53.5% |
| Amounts payable within one year | 42/48 | €21,068 | €19,828 | -€1,240 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €5,365 | €5,612 | +€247 | +4.6% |
| Trade debts | 44 | €571 | €644 | +€73 | +12.8% |
| Suppliers | 440/4 | €571 | €644 | +€73 | +12.8% |
| Taxes, remuneration and social security | 45 | €15,056 | €13,329 | -€1,727 | -11.5% |
| Taxes | 450/3 | €15,056 | €13,329 | -€1,727 | -11.5% |
| Other amounts payable | 47/48 | €76 | €242 | +€166 | +218.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,446 | €2,411 | -€5,035 | -67.6% |
| Other operating charges | 640/8 | €1,388 | €2,980 | +€1,592 | +114.7% |
| Non-recurring operating charges | 66A | - | €4,718 | +€4,718 | |
| Gross operating margin | 9900 | €34,720 | €15,318 | -€19,402 | -55.9% |
| Operating profit (loss) | 9901 | €25,886 | €5,209 | -€20,677 | -79.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +950.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +950.0% |
| Financial charges | 65/66B | €867 | €2,049 | +€1,183 | +136.5% |
| Recurring financial charges | 65 | €867 | €2,049 | +€1,183 | +136.5% |
| Profit (loss) for the period before taxes | 9903 | €25,019 | €3,160 | -€21,859 | -87.4% |
| Income taxes | 67/77 | €6,348 | €2,530 | -€3,818 | -60.1% |
| Profit (loss) for the period | 9904 | €18,671 | €630 | -€18,041 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,671 | €630 | -€18,041 | -96.6% |
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 9 October 2026 via checked.be.