A.M.R.²: 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.R.²
Largest movements
- Cash +€130,873
up €130,873 (+127%), from €102,895 to €233,768
mainly Trade debts (+€143,561) and Depreciation (+€66,045)
- Receivables within one year +€81,790
up €81,790 (+25.9%), from €316,023 to €397,813
of which Other amounts receivable: +€43,659
- Tangible fixed assets +€8,631
up €8,631 (+8.1%), from €105,932 to €114,563
of which Furniture and vehicles: +€56,680
- Trade debts +€143,561
up €143,561 (+88.8%), from €161,604 to €305,164
- Debts after one year +€59,752
up €59,752, from €0 to €59,752
- Other debts -€50,621
down €50,621 (-29.3%), from €173,040 to €122,419
- Profit (loss) carried forward +€39,064
up €39,064 (+22.2%), from €176,151 to €215,215
- Tax, wage and social debts +€16,551
up €16,551 (+40.7%), from €40,646 to €57,197
of which Remuneration and social security: +€8,409
- Gross operating margin +€48,199
up €48,199 (+19.1%), from €251,758 to €299,957
- Staff costs +€27,488
up €27,488 (+18.9%), from €145,301 to €172,789
- Write-downs +€8,242
new in 2025: €8,242
- Depreciation +€7,222
up €7,222 (+12.3%), from €58,823 to €66,045
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 | €573,686 | €795,808 | +€222,122 | +38.7% |
| Fixed assets | 21/28 | €108,806 | €117,721 | +€8,915 | +8.2% |
| Tangible fixed assets | 22/27 | €105,932 | €114,563 | +€8,631 | +8.1% |
| Plant, machinery and equipment | 23 | €72,799 | €24,750 | -€48,049 | -66.0% |
| Furniture and vehicles | 24 | €33,133 | €89,813 | +€56,680 | +171% |
| Financial fixed assets | 28 | €2,874 | €3,158 | +€284 | +9.9% |
| Current assets | 29/58 | €464,880 | €678,087 | +€213,208 | +45.9% |
| Stocks and contracts in progress | 3 | €45,962 | €46,506 | +€545 | +1.2% |
| Stocks | 30/36 | €45,962 | €46,506 | +€545 | +1.2% |
| Amounts receivable within one year | 40/41 | €316,023 | €397,813 | +€81,790 | +25.9% |
| Trade receivables | 40 | €299,794 | €337,925 | +€38,131 | +12.7% |
| Other amounts receivable | 41 | €16,229 | €59,888 | +€43,659 | +269% |
| Cash at bank and in hand | 54/58 | €102,895 | €233,768 | +€130,873 | +127% |
| Total equity and liabilities | 10/49 | €573,686 | €795,808 | +€222,122 | +38.7% |
| Equity | 10/15 | €196,611 | €235,675 | +€39,064 | +19.9% |
| Contributions | 10/11 | €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 | €176,151 | €215,215 | +€39,064 | +22.2% |
| Amounts payable | 17/49 | €377,075 | €560,134 | +€183,059 | +48.5% |
| Amounts payable after more than one year | 17 | €0 | €59,752 | +€59,752 | |
| Financial debts | 170/4 | €0 | €59,752 | +€59,752 | |
| Amounts payable within one year | 42/48 | €377,075 | €500,382 | +€123,307 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €1,785 | €15,601 | +€13,816 | +774% |
| Trade debts | 44 | €161,604 | €305,164 | +€143,561 | +88.8% |
| Suppliers | 440/4 | €161,604 | €305,164 | +€143,561 | +88.8% |
| Taxes, remuneration and social security | 45 | €40,646 | €57,197 | +€16,551 | +40.7% |
| Taxes | 450/3 | €31,960 | €40,101 | +€8,142 | +25.5% |
| Remuneration and social security | 454/9 | €8,686 | €17,095 | +€8,409 | +96.8% |
| Other amounts payable | 47/48 | €173,040 | €122,419 | -€50,621 | -29.3% |
| Remuneration, social security and pensions | 62 | €145,301 | €172,789 | +€27,488 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,823 | €66,045 | +€7,222 | +12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,242 | +€8,242 | |
| Other operating charges | 640/8 | €2,023 | €607 | -€1,416 | -70.0% |
| Gross operating margin | 9900 | €251,758 | €299,957 | +€48,199 | +19.1% |
| Operating profit (loss) | 9901 | €45,611 | €52,273 | +€6,663 | +14.6% |
| Financial income | 75/76B | €225 | €3,191 | +€2,966 | +1,316% |
| Recurring financial income | 75 | €225 | €3,191 | +€2,966 | +1,316% |
| Financial charges | 65/66B | €615 | €1,671 | +€1,056 | +172% |
| Recurring financial charges | 65 | €615 | €1,671 | +€1,056 | +172% |
| Profit (loss) for the period before taxes | 9903 | €45,221 | €53,793 | +€8,572 | +19.0% |
| Income taxes | 67/77 | €13,873 | €14,729 | +€856 | +6.2% |
| Profit (loss) for the period | 9904 | €31,348 | €39,064 | +€7,715 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,348 | €39,064 | +€7,715 | +24.6% |
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 14 October 2026 via checked.be.