A&M GROUP: 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 GROUP
Largest movements
- Receivables within one year -€19,811
down €19,811 (-69.5%), from €28,511 to €8,701
of which Trade receivables: -€19,772
- Stocks and contracts -€2,002
down €2,002 (-67.9%), from €2,950 to €948
- Cash -€1,440
down €1,440 (-35.6%), from €4,050 to €2,610
mainly Other debts (-€13,950) and Tax, wage and social debts (-€11,581)
- Tangible fixed assets -€984
down €984 (-26.2%), from €3,753 to €2,769
of which Plant, machinery and equipment: -€502
- Intangible fixed assets -€750
down €750 (-9.7%), from €7,751 to €7,001
- Other debts -€13,950
no longer reported in 2025 (was €13,950)
- Tax, wage and social debts -€11,581
down €11,581 (-64.3%), from €18,015 to €6,434
of which Remuneration and social security: -€13,607
- Trade debts +€9,565
up €9,565 (+1954.3%), from €489 to €10,055
- Profit (loss) carried forward -€9,435
down €9,435 (-65.9%), from €14,316 to €4,881
- Gross operating margin -€24,043
down €24,043, from €20,717 to -€3,326
- Taxes -€3,738
no longer reported in 2025 (was €3,738)
- Other operating charges +€2,910
up €2,910 (+653.9%), from €445 to €3,355
- Financial charges -€716
down €716 (-73.1%), from €980 to €264
- Financial income -€288
down €288 (-99.0%), from €291 to €3
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 | €49,771 | €24,370 | -€25,401 | -51.0% |
| Formation expenses | 20 | €1,655 | €1,241 | -€414 | -25.0% |
| Fixed assets | 21/28 | €12,604 | €10,870 | -€1,734 | -13.8% |
| Intangible fixed assets | 21 | €7,751 | €7,001 | -€750 | -9.7% |
| Tangible fixed assets | 22/27 | €3,753 | €2,769 | -€984 | -26.2% |
| Plant, machinery and equipment | 23 | €1,881 | €1,379 | -€502 | -26.7% |
| Other tangible fixed assets | 26 | €1,872 | €1,390 | -€482 | -25.8% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €35,512 | €12,259 | -€23,253 | -65.5% |
| Stocks and contracts in progress | 3 | €2,950 | €948 | -€2,002 | -67.9% |
| Stocks | 30/36 | €2,950 | €948 | -€2,002 | -67.9% |
| Amounts receivable within one year | 40/41 | €28,511 | €8,701 | -€19,811 | -69.5% |
| Trade receivables | 40 | €28,075 | €8,304 | -€19,772 | -70.4% |
| Other amounts receivable | 41 | €436 | €397 | -€39 | -9.0% |
| Cash at bank and in hand | 54/58 | €4,050 | €2,610 | -€1,440 | -35.6% |
| Total equity and liabilities | 10/49 | €49,771 | €24,370 | -€25,401 | -51.0% |
| Equity | 10/15 | €17,316 | €7,881 | -€9,435 | -54.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,316 | €4,881 | -€9,435 | -65.9% |
| Amounts payable | 17/49 | €32,455 | €16,489 | -€15,966 | -49.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €32,455 | €16,489 | -€15,966 | -49.2% |
| Trade debts | 44 | €489 | €10,055 | +€9,565 | +1954.3% |
| Suppliers | 440/4 | €489 | €10,055 | +€9,565 | +1954.3% |
| Taxes, remuneration and social security | 45 | €18,015 | €6,434 | -€11,581 | -64.3% |
| Taxes | 450/3 | €4,015 | €6,042 | +€2,026 | +50.5% |
| Remuneration and social security | 454/9 | €14,000 | €393 | -€13,607 | -97.2% |
| Other amounts payable | 47/48 | €13,950 | - | -€13,950 | |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €345 | +€345 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,455 | €2,391 | -€64 | -2.6% |
| Other operating charges | 640/8 | €445 | €3,355 | +€2,910 | +653.9% |
| Non-recurring operating charges | 66A | - | €102 | +€102 | |
| Gross operating margin | 9900 | €20,717 | -€3,326 | -€24,043 | |
| Operating profit (loss) | 9901 | €17,817 | -€9,174 | -€26,991 | |
| Financial income | 75/76B | €291 | €3 | -€288 | -99.0% |
| Recurring financial income | 75 | €291 | €3 | -€288 | -99.0% |
| Financial charges | 65/66B | €980 | €264 | -€716 | -73.1% |
| Recurring financial charges | 65 | €980 | €264 | -€716 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €17,128 | -€9,435 | -€26,563 | |
| Income taxes | 67/77 | €3,738 | - | -€3,738 | |
| Profit (loss) for the period | 9904 | €13,390 | -€9,435 | -€22,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,390 | -€9,435 | -€22,826 |
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 4 October 2026 via checked.be.