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
- Cash +€64,226
up €64,226 (+275.8%), from €23,283 to €87,509
mainly Net result for the year (+€43,070) and Other debts (+€36,000)
- Stocks and contracts -€11,786
down €11,786 (-37.8%), from €31,206 to €19,420
- Tangible fixed assets -€1,681
down €1,681 (-34.0%), from €4,949 to €3,268
- Other debts +€36,000
new in 2025: €36,000
- Tax, wage and social debts +€22,137
up €22,137 (+201.8%), from €10,971 to €33,108
- Advances received -€21,843
no longer reported in 2025 (was €21,843)
- Trade debts +€11,593
up €11,593 (+121.2%), from €9,567 to €21,160
- Profit (loss) carried forward +€7,070
up €7,070 (+18.9%), from €37,360 to €44,430
- Purchases and services -€28,428
down €28,428 (-12.1%), from €234,082 to €205,654
- Gross operating margin +€15,961
up €15,961 (+30.9%), from €51,597 to €67,558
- Turnover -€12,467
down €12,467 (-4.4%), from €285,679 to €273,212
- Taxes +€8,127
up €8,127 (+130.8%), from €6,214 to €14,341
- Financial charges +€3,871
up €3,871 (+81.9%), from €4,729 to €8,600
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 | €111,235 | €163,746 | +€52,511 | +47.2% |
| Fixed assets | 21/28 | €5,455 | €3,774 | -€1,681 | -30.8% |
| Tangible fixed assets | 22/27 | €4,949 | €3,268 | -€1,681 | -34.0% |
| Furniture and vehicles | 24 | €4,949 | €3,268 | -€1,681 | -34.0% |
| Financial fixed assets | 28 | €506 | €506 | = | 0.0% |
| Current assets | 29/58 | €105,780 | €159,972 | +€54,192 | +51.2% |
| Stocks and contracts in progress | 3 | €31,206 | €19,420 | -€11,786 | -37.8% |
| Stocks | 30/36 | €31,206 | €19,420 | -€11,786 | -37.8% |
| Amounts receivable within one year | 40/41 | €50,805 | €52,070 | +€1,265 | +2.5% |
| Trade receivables | 40 | €20,131 | €11,802 | -€8,329 | -41.4% |
| Other amounts receivable | 41 | €30,674 | €40,268 | +€9,594 | +31.3% |
| Cash at bank and in hand | 54/58 | €23,283 | €87,509 | +€64,226 | +275.8% |
| Deferred charges and accrued income | 490/1 | €486 | €973 | +€487 | +100.2% |
| Total equity and liabilities | 10/49 | €111,235 | €163,746 | +€52,511 | +47.2% |
| Equity | 10/15 | €60,608 | €67,678 | +€7,070 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,648 | €4,648 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,486 | €1,486 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,486 | €1,486 | = | 0.0% |
| Distributable reserves | 133 | €3,162 | €3,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,360 | €44,430 | +€7,070 | +18.9% |
| Amounts payable | 17/49 | €50,627 | €96,068 | +€45,441 | +89.8% |
| Amounts payable within one year | 42/48 | €50,627 | €96,068 | +€45,441 | +89.8% |
| Current portion of amounts payable after more than one year | 42 | €5,800 | €5,800 | = | 0.0% |
| Financial debts | 43 | €2,446 | - | -€2,446 | |
| Credit institutions | 430/8 | €2,446 | - | -€2,446 | |
| Trade debts | 44 | €9,567 | €21,160 | +€11,593 | +121.2% |
| Suppliers | 440/4 | €9,567 | €21,160 | +€11,593 | +121.2% |
| Advances received on contracts in progress | 46 | €21,843 | - | -€21,843 | |
| Taxes, remuneration and social security | 45 | €10,971 | €33,108 | +€22,137 | +201.8% |
| Taxes | 450/3 | €10,971 | €33,108 | +€22,137 | +201.8% |
| Other amounts payable | 47/48 | - | €36,000 | +€36,000 | |
| Turnover | 70 | €285,679 | €273,212 | -€12,467 | -4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €234,082 | €205,654 | -€28,428 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95 | €1,681 | +€1,586 | +1669.5% |
| Other operating charges | 640/8 | €626 | €1,778 | +€1,152 | +184.0% |
| Gross operating margin | 9900 | €51,597 | €67,558 | +€15,961 | +30.9% |
| Operating profit (loss) | 9901 | €50,876 | €64,099 | +€13,223 | +26.0% |
| Financial income | 75/76B | €1,489 | €1,912 | +€423 | +28.4% |
| Recurring financial income | 75 | €1,489 | €1,912 | +€423 | +28.4% |
| Financial charges | 65/66B | €4,729 | €8,600 | +€3,871 | +81.9% |
| Recurring financial charges | 65 | €4,729 | €8,600 | +€3,871 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €47,636 | €57,411 | +€9,775 | +20.5% |
| Income taxes | 67/77 | €6,214 | €14,341 | +€8,127 | +130.8% |
| Profit (loss) for the period | 9904 | €41,422 | €43,070 | +€1,648 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,422 | €43,070 | +€1,648 | +4.0% |
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 10 October 2026 via checked.be.