A&M Projects: 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 Projects
Largest movements
- Tangible fixed assets -€12,407
down €12,407 (-50.9%), from €24,365 to €11,958
of which Furniture and vehicles: -€11,862
- Cash -€2,164
down €2,164 (-27.3%), from €7,938 to €5,773
mainly Net result for the year (-€19,708) and Trade debts (-€882)
- Receivables within one year -€2,081
down €2,081 (-58.0%), from €3,585 to €1,504
of which Trade receivables: -€2,450
- Profit (loss) carried forward -€19,708
down €19,708 (-17.0%), from -€116,176 to -€135,884
- Other debts +€3,808
up €3,808 (+31.3%), from €12,148 to €15,956
- Trade debts -€882
down €882 (-30.9%), from €2,856 to €1,973
- Gross operating margin +€23,904
up €23,904 (+82.1%), from -€29,121 to -€5,217
- Other operating charges +€368
up €368 (+95.0%), from €387 to €755
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 | €36,018 | €19,236 | -€16,782 | -46.6% |
| Fixed assets | 21/28 | €24,365 | €11,958 | -€12,407 | -50.9% |
| Tangible fixed assets | 22/27 | €24,365 | €11,958 | -€12,407 | -50.9% |
| Land and buildings | 22 | €4,356 | €3,791 | -€565 | -13.0% |
| Plant, machinery and equipment | 23 | €965 | €985 | +€20 | +2.1% |
| Furniture and vehicles | 24 | €19,044 | €7,182 | -€11,862 | -62.3% |
| Current assets | 29/58 | €11,653 | €7,277 | -€4,375 | -37.5% |
| Amounts receivable within one year | 40/41 | €3,585 | €1,504 | -€2,081 | -58.0% |
| Trade receivables | 40 | €2,450 | - | -€2,450 | |
| Other amounts receivable | 41 | €1,135 | €1,504 | +€369 | +32.5% |
| Cash at bank and in hand | 54/58 | €7,938 | €5,773 | -€2,164 | -27.3% |
| Deferred charges and accrued income | 490/1 | €130 | - | -€130 | |
| Total equity and liabilities | 10/49 | €36,018 | €19,236 | -€16,782 | -46.6% |
| Equity | 10/15 | -€88,986 | -€108,694 | -€19,708 | -22.1% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €13,590 | €13,590 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,300 | €4,300 | = | 0.0% |
| Distributable reserves | 133 | €9,290 | €9,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,176 | -€135,884 | -€19,708 | -17.0% |
| Amounts payable | 17/49 | €125,004 | €127,930 | +€2,926 | +2.3% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,004 | €17,930 | +€2,926 | +19.5% |
| Trade debts | 44 | €2,856 | €1,973 | -€882 | -30.9% |
| Suppliers | 440/4 | €2,856 | €1,973 | -€882 | -30.9% |
| Other amounts payable | 47/48 | €12,148 | €15,956 | +€3,808 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,857 | €12,857 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €755 | +€368 | +95.0% |
| Gross operating margin | 9900 | -€29,121 | -€5,217 | +€23,904 | +82.1% |
| Operating profit (loss) | 9901 | -€42,365 | -€18,829 | +€23,536 | +55.6% |
| Financial charges | 65/66B | €803 | €879 | +€76 | +9.4% |
| Recurring financial charges | 65 | €803 | €879 | +€76 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,168 | -€19,708 | +€23,460 | +54.3% |
| Profit (loss) for the period | 9904 | -€43,168 | -€19,708 | +€23,460 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,168 | -€19,708 | +€23,460 | +54.3% |
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 29 September 2026 via checked.be.