A.M. INTERNATIONAL: 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. INTERNATIONAL
Largest movements
- Tangible fixed assets -€24,556
down €24,556 (-2.4%), from €1.0m to €980,888
- Profit (loss) carried forward -€45,501
down €45,501 (-84.5%), from -€53,865 to -€99,366
- Other debts +€36,000
new in 2025: €36,000
- Current portion of long-term debt -€14,696
no longer reported in 2025 (was €14,696)
- Gross operating margin -€46,624
down €46,624 (-95.2%), from €48,987 to €2,364
- Financial charges -€7,242
down €7,242 (-29.5%), from €24,551 to €17,309
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 | €1,331,690 | €1,307,493 | -€24,197 | -1.8% |
| Fixed assets | 21/28 | €1,017,106 | €992,550 | -€24,556 | -2.4% |
| Intangible fixed assets | 21 | €11,182 | €11,182 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,005,444 | €980,888 | -€24,556 | -2.4% |
| Land and buildings | 22 | €1,005,444 | €980,888 | -€24,556 | -2.4% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €314,584 | €314,943 | +€359 | +0.1% |
| Amounts receivable within one year | 40/41 | €108,198 | €102,438 | -€5,760 | -5.3% |
| Other amounts receivable | 41 | €108,198 | €102,438 | -€5,760 | -5.3% |
| Current investments | 50/53 | €199,920 | €199,920 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10 | €263 | +€253 | +2,584% |
| Deferred charges and accrued income | 490/1 | €6,456 | €12,322 | +€5,866 | +90.9% |
| Total equity and liabilities | 10/49 | €1,331,690 | €1,307,493 | -€24,197 | -1.8% |
| Equity | 10/15 | €892,888 | €847,387 | -€45,501 | -5.1% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Revaluation surpluses | 12 | €810,353 | €810,353 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,865 | -€99,366 | -€45,501 | -84.5% |
| Amounts payable | 17/49 | €438,802 | €460,106 | +€21,304 | +4.9% |
| Amounts payable after more than one year | 17 | €424,106 | €424,106 | = | 0.0% |
| Financial debts | 170/4 | €424,106 | €424,106 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,696 | €36,000 | +€21,304 | +145% |
| Current portion of amounts payable after more than one year | 42 | €14,696 | - | -€14,696 | |
| Other amounts payable | 47/48 | - | €36,000 | +€36,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,556 | €24,556 | = | 0.0% |
| Other operating charges | 640/8 | €5,967 | €6,000 | +€33 | +0.6% |
| Gross operating margin | 9900 | €48,987 | €2,364 | -€46,624 | -95.2% |
| Operating profit (loss) | 9901 | €18,464 | -€28,193 | -€46,657 | |
| Financial charges | 65/66B | €24,551 | €17,309 | -€7,242 | -29.5% |
| Recurring financial charges | 65 | €24,551 | €17,309 | -€7,242 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,087 | -€45,501 | -€39,415 | -648% |
| Profit (loss) for the period | 9904 | -€6,087 | -€45,501 | -€39,415 | -648% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,087 | -€45,501 | -€39,415 | -648% |
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 22 October 2026 via checked.be.