A & M MANAGEMENT: 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 MANAGEMENT
Largest movements
- Financial fixed assets +€537,500
up €537,500 (+159%), from €337,500 to €875,000
- Cash +€10,057
up €10,057 (+273%), from €3,682 to €13,740
mainly Debts after one year (+€537,500) and Other debts (+€22,615)
- Receivables within one year -€9,339
down €9,339 (-18.4%), from €50,820 to €41,481
- Debts after one year +€537,500
new in 2025: €537,500
- Other debts +€22,615
up €22,615 (+29.8%), from €75,967 to €98,582
- Accrued charges and deferred income -€13,469
down €13,469 (-67.0%), from €20,114 to €6,645
- Trade debts -€11,781
down €11,781 (-25.2%), from €46,819 to €35,038
- Gross operating margin -€8,188
down €8,188 (-50.6%), from €16,174 to €7,986
- Financial charges -€1,184
down €1,184 (-16.6%), from €7,138 to €5,954
- Other operating charges -€991
down €991 (-62.9%), from €1,576 to €585
- Taxes -€975
down €975 (-41.3%), from €2,362 to €1,388
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 | €394,124 | €930,320 | +€536,196 | +136% |
| Fixed assets | 21/28 | €337,584 | €875,000 | +€537,416 | +159% |
| Tangible fixed assets | 22/27 | €84 | €0 | -€84 | -100% |
| Furniture and vehicles | 24 | €84 | €0 | -€84 | -100% |
| Financial fixed assets | 28 | €337,500 | €875,000 | +€537,500 | +159% |
| Current assets | 29/58 | €56,540 | €55,320 | -€1,220 | -2.2% |
| Amounts receivable within one year | 40/41 | €50,820 | €41,481 | -€9,339 | -18.4% |
| Trade receivables | 40 | €50,820 | €41,481 | -€9,339 | -18.4% |
| Cash at bank and in hand | 54/58 | €3,682 | €13,740 | +€10,057 | +273% |
| Deferred charges and accrued income | 490/1 | €2,037 | €99 | -€1,938 | -95.1% |
| Total equity and liabilities | 10/49 | €394,124 | €930,320 | +€536,196 | +136% |
| Equity | 10/15 | €240,638 | €240,613 | -€25 | 0.0% |
| Contributions | 10/11 | €112,500 | €112,500 | = | 0.0% |
| Reserves | 13 | €17,900 | €17,900 | = | 0.0% |
| Distributable reserves | 133 | €17,900 | €17,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,238 | €110,213 | -€25 | 0.0% |
| Amounts payable | 17/49 | €153,486 | €689,707 | +€536,221 | +349% |
| Amounts payable after more than one year | 17 | - | €537,500 | +€537,500 | |
| Financial debts | 170/4 | - | €537,500 | +€537,500 | |
| Amounts payable within one year | 42/48 | €133,372 | €145,563 | +€12,191 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €46,819 | €35,038 | -€11,781 | -25.2% |
| Suppliers | 440/4 | €46,819 | €35,038 | -€11,781 | -25.2% |
| Taxes, remuneration and social security | 45 | €10,586 | €11,943 | +€1,358 | +12.8% |
| Taxes | 450/3 | €10,586 | €11,943 | +€1,358 | +12.8% |
| Other amounts payable | 47/48 | €75,967 | €98,582 | +€22,615 | +29.8% |
| Accrued charges and deferred income | 492/3 | €20,114 | €6,645 | -€13,469 | -67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €84 | -€94 | -52.7% |
| Other operating charges | 640/8 | €1,576 | €585 | -€991 | -62.9% |
| Gross operating margin | 9900 | €16,174 | €7,986 | -€8,188 | -50.6% |
| Operating profit (loss) | 9901 | €14,419 | €7,316 | -€7,103 | -49.3% |
| Financial charges | 65/66B | €7,138 | €5,954 | -€1,184 | -16.6% |
| Recurring financial charges | 65 | €7,138 | €5,954 | -€1,184 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €7,281 | €1,362 | -€5,919 | -81.3% |
| Income taxes | 67/77 | €2,362 | €1,388 | -€975 | -41.3% |
| Profit (loss) for the period | 9904 | €4,919 | -€25 | -€4,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,919 | -€25 | -€4,944 |
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 23 October 2026 via checked.be.