A&M Partners: 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 Partners
Largest movements
- Tangible fixed assets +€13,830
up €13,830 (+99.0%), from €13,968 to €27,798
of which Furniture and vehicles: +€15,284
- Receivables within one year -€5,075
down €5,075 (-61.3%), from €8,273 to €3,198
of which Trade receivables: -€7,933
- Cash -€586
down €586 (-77.9%), from €752 to €166
mainly Investment in fixed assets (net) (-€21,799) and Net result for the year (-€10,415)
- Other debts +€12,812
up €12,812 (+226%), from €5,671 to €18,484
- Profit (loss) carried forward -€10,415
down €10,415 (-60.7%), from -€17,146 to -€27,561
- Trade debts +€6,916
up €6,916 (+66.3%), from €10,438 to €17,354
- Tax, wage and social debts -€1,144
down €1,144 (-13.7%), from €8,370 to €7,226
of which Taxes: -€5,033
- Financial charges +€5,574
up €5,574 (+746%), from €748 to €6,322
- Staff costs +€4,367
up €4,367 (+9,588%), from €46 to €4,413
- Taxes -€1,422
down €1,422 (-78.7%), from €1,806 to €384
- Gross operating margin -€1,331
down €1,331 (-12.7%), from €10,496 to €9,165
- Depreciation +€1,009
up €1,009 (+14.5%), from €6,959 to €7,968
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 | €27,793 | €35,962 | +€8,169 | +29.4% |
| Fixed assets | 21/28 | €18,768 | €32,598 | +€13,830 | +73.7% |
| Tangible fixed assets | 22/27 | €13,968 | €27,798 | +€13,830 | +99.0% |
| Plant, machinery and equipment | 23 | €5,154 | €3,900 | -€1,254 | -24.3% |
| Furniture and vehicles | 24 | €8,614 | €23,898 | +€15,284 | +177% |
| Other tangible fixed assets | 26 | €200 | - | -€200 | |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €9,025 | €3,364 | -€5,661 | -62.7% |
| Amounts receivable within one year | 40/41 | €8,273 | €3,198 | -€5,075 | -61.3% |
| Trade receivables | 40 | €7,933 | - | -€7,933 | |
| Other amounts receivable | 41 | €339 | €3,198 | +€2,858 | +842% |
| Cash at bank and in hand | 54/58 | €752 | €166 | -€586 | -77.9% |
| Total equity and liabilities | 10/49 | €27,793 | €35,962 | +€8,169 | +29.4% |
| Equity | 10/15 | €3,314 | -€7,101 | -€10,415 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,146 | -€27,561 | -€10,415 | -60.7% |
| Amounts payable | 17/49 | €24,479 | €43,064 | +€18,584 | +75.9% |
| Amounts payable within one year | 42/48 | €24,479 | €43,064 | +€18,584 | +75.9% |
| Trade debts | 44 | €10,438 | €17,354 | +€6,916 | +66.3% |
| Suppliers | 440/4 | €10,438 | €17,354 | +€6,916 | +66.3% |
| Taxes, remuneration and social security | 45 | €8,370 | €7,226 | -€1,144 | -13.7% |
| Taxes | 450/3 | €7,142 | €2,109 | -€5,033 | -70.5% |
| Remuneration and social security | 454/9 | €1,228 | €5,117 | +€3,888 | +317% |
| Other amounts payable | 47/48 | €5,671 | €18,484 | +€12,812 | +226% |
| Remuneration, social security and pensions | 62 | €46 | €4,413 | +€4,367 | +9,588% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,959 | €7,968 | +€1,009 | +14.5% |
| Other operating charges | 640/8 | €723 | €492 | -€231 | -31.9% |
| Gross operating margin | 9900 | €10,496 | €9,165 | -€1,331 | -12.7% |
| Operating profit (loss) | 9901 | €2,768 | -€3,709 | -€6,477 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €748 | €6,322 | +€5,574 | +746% |
| Recurring financial charges | 65 | €748 | €6,322 | +€5,574 | +746% |
| Profit (loss) for the period before taxes | 9903 | €2,021 | -€10,031 | -€12,052 | |
| Income taxes | 67/77 | €1,806 | €384 | -€1,422 | -78.7% |
| Profit (loss) for the period | 9904 | €215 | -€10,415 | -€10,630 | |
| Profit (loss) for the period to be appropriated | 9905 | €215 | -€10,415 | -€10,630 |
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 17 October 2026 via checked.be.