A.M PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€7,602
down €7,602 (-2.8%), from €268,254 to €260,653
- Cash +€3,191
up €3,191 (+35.9%), from €8,894 to €12,086
mainly Provisions (+€31,877) and Depreciation (+€14,174)
- Profit (loss) carried forward -€46,018
down €46,018 (-28.1%), from -€163,583 to -€209,601
- Provisions +€31,877
up €31,877 (+8.2%), from €390,047 to €421,924
- Debts after one year +€7,145
up €7,145 (+22.3%), from €32,000 to €39,145
of which Financial debts: +€7,145
- Financial charges +€7,507
up €7,507 (+14.3%), from €52,527 to €60,033
- Gross operating margin +€2,926
up €2,926 (+10.3%), from €28,281 to €31,207
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 | €277,995 | €273,311 | -€4,685 | -1.7% |
| Fixed assets | 21/28 | €268,254 | €260,653 | -€7,602 | -2.8% |
| Tangible fixed assets | 22/27 | €268,254 | €260,653 | -€7,602 | -2.8% |
| Land and buildings | 22 | €268,254 | €260,653 | -€7,602 | -2.8% |
| Current assets | 29/58 | €9,741 | €12,658 | +€2,917 | +29.9% |
| Amounts receivable within one year | 40/41 | €572 | €572 | = | 0.0% |
| Other amounts receivable | 41 | €572 | €572 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,894 | €12,086 | +€3,191 | +35.9% |
| Deferred charges and accrued income | 490/1 | €275 | €0 | -€275 | -100.0% |
| Total equity and liabilities | 10/49 | €277,995 | €273,311 | -€4,685 | -1.7% |
| Equity | 10/15 | -€144,983 | -€191,001 | -€46,018 | -31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,583 | -€209,601 | -€46,018 | -28.1% |
| Provisions and deferred taxes | 16 | €390,047 | €421,924 | +€31,877 | +8.2% |
| Provisions for liabilities and charges | 160/5 | €390,047 | €421,924 | +€31,877 | +8.2% |
| Other liabilities and charges | 164/5 | €390,047 | €421,924 | +€31,877 | +8.2% |
| Amounts payable | 17/49 | €32,931 | €42,388 | +€9,456 | +28.7% |
| Amounts payable after more than one year | 17 | €32,000 | €39,145 | +€7,145 | +22.3% |
| Financial debts | 170/4 | - | €7,145 | +€7,145 | |
| Other amounts payable | 178/9 | €32,000 | €32,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €931 | €3,243 | +€2,312 | +248.2% |
| Current portion of amounts payable after more than one year | 42 | - | €2,418 | +€2,418 | |
| Trade debts | 44 | €446 | €340 | -€106 | -23.8% |
| Suppliers | 440/4 | €446 | €340 | -€106 | -23.8% |
| Other amounts payable | 47/48 | €485 | €485 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,990 | €14,174 | +€184 | +1.3% |
| Other operating charges | 640/8 | €2,981 | €3,019 | +€38 | +1.3% |
| Gross operating margin | 9900 | €28,281 | €31,207 | +€2,926 | +10.3% |
| Operating profit (loss) | 9901 | €11,310 | €14,015 | +€2,705 | +23.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €52,527 | €60,033 | +€7,507 | +14.3% |
| Recurring financial charges | 65 | €52,527 | €60,033 | +€7,507 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,216 | -€46,018 | -€4,802 | -11.7% |
| Profit (loss) for the period | 9904 | -€41,216 | -€46,018 | -€4,802 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,216 | -€46,018 | -€4,802 | -11.7% |
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 10 October 2026 via checked.be.