A.M.G.: 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.G.
Largest movements
- Tangible fixed assets -€13,177
down €13,177 (-14.8%), from €89,180 to €76,002
of which Leasing and similar rights: -€8,938
- Cash +€7,548
up €7,548 (+37.9%), from €19,940 to €27,488
mainly Depreciation (+€17,077) and Net result for the year (+€1,496)
- Debts after one year -€8,743
down €8,743 (-68.2%), from €12,828 to €4,085
- Current portion of long-term debt -€1,684
down €1,684 (-16.2%), from €10,428 to €8,743
- Reserves +€1,496
up €1,496 (+2.2%), from €66,516 to €68,013
- Gross operating margin -€13,892
down €13,892 (-17.2%), from €80,563 to €66,671
- Staff costs -€10,251
down €10,251 (-19.2%), from €53,266 to €43,015
- Depreciation +€932
up €932 (+5.8%), from €16,145 to €17,077
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 | €115,692 | €107,977 | -€7,715 | -6.7% |
| Fixed assets | 21/28 | €89,180 | €76,002 | -€13,177 | -14.8% |
| Tangible fixed assets | 22/27 | €89,180 | €76,002 | -€13,177 | -14.8% |
| Land and buildings | 22 | €62,564 | €56,609 | -€5,955 | -9.5% |
| Plant, machinery and equipment | 23 | €5,237 | €6,953 | +€1,716 | +32.8% |
| Leasing and similar rights | 25 | €21,379 | €12,440 | -€8,938 | -41.8% |
| Current assets | 29/58 | €26,513 | €31,975 | +€5,463 | +20.6% |
| Stocks and contracts in progress | 3 | €2,987 | €1,889 | -€1,098 | -36.7% |
| Stocks | 30/36 | €2,987 | €1,889 | -€1,098 | -36.7% |
| Amounts receivable within one year | 40/41 | €1,005 | - | -€1,005 | |
| Trade receivables | 40 | €259 | - | -€259 | |
| Other amounts receivable | 41 | €746 | - | -€746 | |
| Cash at bank and in hand | 54/58 | €19,940 | €27,488 | +€7,548 | +37.9% |
| Deferred charges and accrued income | 490/1 | €2,580 | €2,598 | +€18 | +0.7% |
| Total equity and liabilities | 10/49 | €115,692 | €107,977 | -€7,715 | -6.7% |
| Equity | 10/15 | €85,116 | €86,613 | +€1,496 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,516 | €68,013 | +€1,496 | +2.2% |
| Distributable reserves | 133 | €66,516 | €68,013 | +€1,496 | +2.2% |
| Amounts payable | 17/49 | €30,576 | €21,365 | -€9,211 | -30.1% |
| Amounts payable after more than one year | 17 | €12,828 | €4,085 | -€8,743 | -68.2% |
| Financial debts | 170/4 | €12,828 | €4,085 | -€8,743 | -68.2% |
| Amounts payable within one year | 42/48 | €17,748 | €17,280 | -€468 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €10,428 | €8,743 | -€1,684 | -16.2% |
| Trade debts | 44 | €3,947 | €4,609 | +€662 | +16.8% |
| Suppliers | 440/4 | €3,947 | €4,609 | +€662 | +16.8% |
| Taxes, remuneration and social security | 45 | €3,240 | €3,785 | +€545 | +16.8% |
| Taxes | 450/3 | €509 | €848 | +€340 | +66.8% |
| Remuneration and social security | 454/9 | €2,731 | €2,936 | +€205 | +7.5% |
| Other amounts payable | 47/48 | €133 | €143 | +€10 | +7.5% |
| Remuneration, social security and pensions | 62 | €53,266 | €43,015 | -€10,251 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,145 | €17,077 | +€932 | +5.8% |
| Other operating charges | 640/8 | €4,437 | €4,213 | -€224 | -5.0% |
| Gross operating margin | 9900 | €80,563 | €66,671 | -€13,892 | -17.2% |
| Operating profit (loss) | 9901 | €6,715 | €2,365 | -€4,349 | -64.8% |
| Financial income | 75/76B | €142 | €74 | -€68 | -47.9% |
| Recurring financial income | 75 | €142 | €74 | -€68 | -47.9% |
| Financial charges | 65/66B | €764 | €620 | -€144 | -18.8% |
| Recurring financial charges | 65 | €764 | €620 | -€144 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €6,093 | €1,819 | -€4,274 | -70.1% |
| Income taxes | 67/77 | €721 | €323 | -€398 | -55.2% |
| Profit (loss) for the period | 9904 | €5,372 | €1,496 | -€3,876 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,372 | €1,496 | -€3,876 | -72.1% |
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 17 October 2026 via checked.be.