A.M.G.: 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.G.
Largest movements
- Receivables within one year +€129,977
up €129,977 (+162.5%), from €80,002 to €209,979
of which Trade receivables: +€71,155
- Cash +€83,531
up €83,531 (+389.6%), from €21,440 to €104,972
mainly Net result for the year (+€156,621) and Tax, wage and social debts (+€68,983)
- Tangible fixed assets +€69,463
up €69,463 (+117.6%), from €59,073 to €128,535
of which Leasing and similar rights: +€70,294
- Reserves +€156,621
up €156,621 (+123.6%), from €126,674 to €283,295
- Tax, wage and social debts +€68,983
up €68,983 (+255.6%), from €26,986 to €95,969
- Debts after one year +€43,139
new in 2025: €43,139
- Current portion of long-term debt +€13,211
new in 2025: €13,211
- Gross operating margin +€186,869
up €186,869 (+228.2%), from €81,898 to €268,766
- Taxes +€60,624
up €60,624 (+258.6%), from €23,444 to €84,068
- Depreciation +€17,203
up €17,203 (+120.8%), from €14,241 to €31,444
- Financial income +€7,457
up €7,457 (+471.5%), from €1,582 to €9,039
of which Non-recurring financial income: +€3,900
- Financial charges +€2,700
up €2,700 (+220.9%), from €1,222 to €3,922
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 | €162,967 | €444,171 | +€281,204 | +172.6% |
| Fixed assets | 21/28 | €59,073 | €128,535 | +€69,463 | +117.6% |
| Tangible fixed assets | 22/27 | €59,073 | €128,535 | +€69,463 | +117.6% |
| Plant, machinery and equipment | 23 | €55,799 | €54,864 | -€935 | -1.7% |
| Furniture and vehicles | 24 | €3,274 | €3,377 | +€104 | +3.2% |
| Leasing and similar rights | 25 | - | €70,294 | +€70,294 | |
| Current assets | 29/58 | €103,894 | €315,636 | +€211,742 | +203.8% |
| Amounts receivable within one year | 40/41 | €80,002 | €209,979 | +€129,977 | +162.5% |
| Trade receivables | 40 | €11,374 | €82,529 | +€71,155 | +625.6% |
| Other amounts receivable | 41 | €68,628 | €127,450 | +€58,822 | +85.7% |
| Cash at bank and in hand | 54/58 | €21,440 | €104,972 | +€83,531 | +389.6% |
| Deferred charges and accrued income | 490/1 | €2,452 | €685 | -€1,767 | -72.1% |
| Total equity and liabilities | 10/49 | €162,967 | €444,171 | +€281,204 | +172.6% |
| Equity | 10/15 | €133,674 | €290,295 | +€156,621 | +117.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €126,674 | €283,295 | +€156,621 | +123.6% |
| Distributable reserves | 133 | €126,674 | €283,295 | +€156,621 | +123.6% |
| Amounts payable | 17/49 | €29,293 | €153,876 | +€124,583 | +425.3% |
| Amounts payable after more than one year | 17 | - | €43,139 | +€43,139 | |
| Financial debts | 170/4 | - | €43,139 | +€43,139 | |
| Amounts payable within one year | 42/48 | €29,293 | €110,738 | +€81,445 | +278.0% |
| Current portion of amounts payable after more than one year | 42 | - | €13,211 | +€13,211 | |
| Trade debts | 44 | €2,307 | €1,558 | -€749 | -32.5% |
| Suppliers | 440/4 | €2,307 | €1,558 | -€749 | -32.5% |
| Taxes, remuneration and social security | 45 | €26,986 | €95,969 | +€68,983 | +255.6% |
| Taxes | 450/3 | €26,986 | €95,969 | +€68,983 | +255.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,241 | €31,444 | +€17,203 | +120.8% |
| Other operating charges | 640/8 | €2,030 | €1,750 | -€280 | -13.8% |
| Gross operating margin | 9900 | €81,898 | €268,766 | +€186,869 | +228.2% |
| Operating profit (loss) | 9901 | €65,627 | €235,573 | +€169,945 | +259.0% |
| Financial income | 75/76B | €1,582 | €9,039 | +€7,457 | +471.5% |
| Recurring financial income | 75 | €1,582 | €5,138 | +€3,557 | +224.9% |
| Non-recurring financial income | 76B | - | €3,900 | +€3,900 | |
| Financial charges | 65/66B | €1,222 | €3,922 | +€2,700 | +220.9% |
| Recurring financial charges | 65 | €1,222 | €3,922 | +€2,700 | +220.9% |
| Profit (loss) for the period before taxes | 9903 | €65,987 | €240,690 | +€174,703 | +264.8% |
| Income taxes | 67/77 | €23,444 | €84,068 | +€60,624 | +258.6% |
| Profit (loss) for the period | 9904 | €42,542 | €156,621 | +€114,079 | +268.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,542 | €156,621 | +€114,079 | +268.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.