A.M.O.: 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.O.
Largest movements
- Tangible fixed assets +€168,151
up €168,151 (+93.4%), from €180,043 to €348,194
of which Land and buildings: +€170,641
- Cash -€16,080
down €16,080 (-54.2%), from €29,644 to €13,563
mainly Investment in fixed assets (net) (-€176,590) and Receivables within one year (-€11,279)
- Receivables within one year +€11,279
up €11,279 (+96.6%), from €11,680 to €22,959
of which Trade receivables: +€9,679
- Debts after one year +€135,716
up €135,716 (+219%), from €62,053 to €197,769
- Current portion of long-term debt +€12,147
up €12,147 (+153%), from €7,940 to €20,087
- Accrued charges and deferred income +€8,015
up €8,015 (+1,226%), from €654 to €8,669
- Trade debts +€5,955
up €5,955 (+160%), from €3,730 to €9,685
- Gross operating margin +€8,451
up €8,451 (+43.8%), from €19,289 to €27,740
- Financial charges +€7,044
up €7,044 (+375%), from €1,879 to €8,923
- Depreciation +€434
up €434 (+4.3%), from €10,005 to €10,440
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 | €224,084 | €386,711 | +€162,627 | +72.6% |
| Fixed assets | 21/28 | €182,043 | €348,194 | +€166,151 | +91.3% |
| Tangible fixed assets | 22/27 | €180,043 | €348,194 | +€168,151 | +93.4% |
| Land and buildings | 22 | €172,902 | €343,543 | +€170,641 | +98.7% |
| Plant, machinery and equipment | 23 | - | €942 | +€942 | |
| Furniture and vehicles | 24 | €3,104 | €1,691 | -€1,413 | -45.5% |
| Other tangible fixed assets | 26 | €4,038 | €2,019 | -€2,019 | -50.0% |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €42,040 | €38,517 | -€3,524 | -8.4% |
| Amounts receivable within one year | 40/41 | €11,680 | €22,959 | +€11,279 | +96.6% |
| Trade receivables | 40 | €11,680 | €21,359 | +€9,679 | +82.9% |
| Other amounts receivable | 41 | - | €1,600 | +€1,600 | |
| Cash at bank and in hand | 54/58 | €29,644 | €13,563 | -€16,080 | -54.2% |
| Deferred charges and accrued income | 490/1 | €717 | €1,994 | +€1,277 | +178% |
| Total equity and liabilities | 10/49 | €224,084 | €386,711 | +€162,627 | +72.6% |
| Equity | 10/15 | €24,744 | €26,588 | +€1,843 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €288 | €288 | = | 0.0% |
| Non-distributable reserves | 130/1 | €288 | €288 | = | 0.0% |
| Reserves not available under the articles | 1311 | €288 | €288 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,856 | €7,700 | +€1,843 | +31.5% |
| Amounts payable | 17/49 | €199,340 | €360,123 | +€160,784 | +80.7% |
| Amounts payable after more than one year | 17 | €62,053 | €197,769 | +€135,716 | +219% |
| Financial debts | 170/4 | €62,053 | €197,769 | +€135,716 | +219% |
| Amounts payable within one year | 42/48 | €136,632 | €153,686 | +€17,053 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €7,940 | €20,087 | +€12,147 | +153% |
| Trade debts | 44 | €3,730 | €9,685 | +€5,955 | +160% |
| Suppliers | 440/4 | €3,730 | €9,685 | +€5,955 | +160% |
| Taxes, remuneration and social security | 45 | €3,945 | €2,790 | -€1,155 | -29.3% |
| Taxes | 450/3 | €3,945 | €2,790 | -€1,155 | -29.3% |
| Other amounts payable | 47/48 | €121,017 | €121,124 | +€107 | +0.1% |
| Accrued charges and deferred income | 492/3 | €654 | €8,669 | +€8,015 | +1,226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,005 | €10,440 | +€434 | +4.3% |
| Other operating charges | 640/8 | €2,947 | €3,145 | +€197 | +6.7% |
| Gross operating margin | 9900 | €19,289 | €27,740 | +€8,451 | +43.8% |
| Operating profit (loss) | 9901 | €6,336 | €14,155 | +€7,819 | +123% |
| Financial income | 75/76B | €53 | €14 | -€39 | -74.4% |
| Recurring financial income | 75 | €53 | €14 | -€39 | -74.4% |
| Financial charges | 65/66B | €1,879 | €8,923 | +€7,044 | +375% |
| Recurring financial charges | 65 | €1,879 | €8,923 | +€7,044 | +375% |
| Profit (loss) for the period before taxes | 9903 | €4,510 | €5,246 | +€736 | +16.3% |
| Income taxes | 67/77 | €3,147 | €3,403 | +€256 | +8.1% |
| Profit (loss) for the period | 9904 | €1,363 | €1,843 | +€480 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,363 | €1,843 | +€480 | +35.2% |
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 21 October 2026 via checked.be.