A.M.S.: 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.S.
Largest movements
- Tangible fixed assets +€58,730
up €58,730 (+90.8%), from €64,693 to €123,423
of which Other tangible fixed assets: +€58,369
- Cash +€8,644
up €8,644 (+29.6%), from €29,165 to €37,809
mainly Debts after one year (+€50,000) and Net result for the year (+€17,951)
- Deferred charges and accrued income +€4,994
up €4,994 (+118.8%), from €4,205 to €9,199
- Debts after one year +€50,000
new in 2025: €50,000
- Reserves +€16,092
up €16,092 (+172.3%), from €9,339 to €25,431
of which Distributable reserves: +€18,951
- Tax, wage and social debts +€2,896
up €2,896 (+24.2%), from €11,962 to €14,858
of which Remuneration and social security: +€3,052
- Accrued charges and deferred income +€2,541
new in 2025: €2,541
- Contributions +€1,859
up €1,859 (+11.2%), from €16,609 to €18,468
- Gross operating margin +€40,038
up €40,038 (+54.4%), from €73,648 to €113,686
- Staff costs +€24,512
up €24,512 (+54.7%), from €44,845 to €69,357
- Taxes +€4,852
up €4,852 (+139.6%), from €3,477 to €8,329
- Depreciation +€3,929
up €3,929 (+43.2%), from €9,092 to €13,021
- Financial charges +€1,463
up €1,463 (+86.5%), from €1,690 to €3,153
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 | €107,776 | €180,308 | +€72,532 | +67.3% |
| Fixed assets | 21/28 | €65,703 | €124,433 | +€58,730 | +89.4% |
| Tangible fixed assets | 22/27 | €64,693 | €123,423 | +€58,730 | +90.8% |
| Furniture and vehicles | 24 | €4,825 | €5,187 | +€362 | +7.5% |
| Other tangible fixed assets | 26 | €59,867 | €118,236 | +€58,369 | +97.5% |
| Financial fixed assets | 28 | €1,010 | €1,010 | = | 0.0% |
| Current assets | 29/58 | €42,073 | €55,875 | +€13,802 | +32.8% |
| Stocks and contracts in progress | 3 | €1,477 | €1,693 | +€216 | +14.6% |
| Stocks | 30/36 | €1,477 | €1,693 | +€216 | +14.6% |
| Amounts receivable within one year | 40/41 | €7,226 | €7,174 | -€52 | -0.7% |
| Trade receivables | 40 | €0 | €1,717 | +€1,717 | |
| Other amounts receivable | 41 | €7,226 | €5,458 | -€1,769 | -24.5% |
| Cash at bank and in hand | 54/58 | €29,165 | €37,809 | +€8,644 | +29.6% |
| Deferred charges and accrued income | 490/1 | €4,205 | €9,199 | +€4,994 | +118.8% |
| Total equity and liabilities | 10/49 | €107,776 | €180,308 | +€72,532 | +67.3% |
| Equity | 10/15 | €48,493 | €66,444 | +€17,951 | +37.0% |
| Contributions | 10/11 | €16,609 | €18,468 | +€1,859 | +11.2% |
| Reserves | 13 | €9,339 | €25,431 | +€16,092 | +172.3% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Tax-exempt reserves | 132 | €1,000 | €0 | -€1,000 | -100.0% |
| Distributable reserves | 133 | €6,480 | €25,431 | +€18,951 | +292.5% |
| Profit (loss) carried forward | 14 | €22,545 | €22,545 | = | 0.0% |
| Amounts payable | 17/49 | €59,283 | €113,864 | +€54,581 | +92.1% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €59,283 | €61,323 | +€2,040 | +3.4% |
| Trade debts | 44 | €11,192 | €10,214 | -€979 | -8.7% |
| Suppliers | 440/4 | €11,192 | €10,214 | -€979 | -8.7% |
| Taxes, remuneration and social security | 45 | €11,962 | €14,858 | +€2,896 | +24.2% |
| Taxes | 450/3 | €9,878 | €9,722 | -€156 | -1.6% |
| Remuneration and social security | 454/9 | €2,084 | €5,136 | +€3,052 | +146.5% |
| Other amounts payable | 47/48 | €36,129 | €36,251 | +€123 | +0.3% |
| Accrued charges and deferred income | 492/3 | - | €2,541 | +€2,541 | |
| Non-recurring operating income | 76A | - | €99 | +€99 | |
| Remuneration, social security and pensions | 62 | €44,845 | €69,357 | +€24,512 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,092 | €13,021 | +€3,929 | +43.2% |
| Other operating charges | 640/8 | €1,021 | €1,877 | +€856 | +83.9% |
| Non-recurring operating charges | 66A | €2,609 | €0 | -€2,609 | -100.0% |
| Gross operating margin | 9900 | €73,648 | €113,686 | +€40,038 | +54.4% |
| Operating profit (loss) | 9901 | €16,081 | €29,431 | +€13,350 | +83.0% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €1,690 | €3,153 | +€1,463 | +86.5% |
| Recurring financial charges | 65 | €1,690 | €3,153 | +€1,463 | +86.5% |
| Profit (loss) for the period before taxes | 9903 | €14,391 | €26,280 | +€11,889 | +82.6% |
| Income taxes | 67/77 | €3,477 | €8,329 | +€4,852 | +139.6% |
| Profit (loss) for the period | 9904 | €10,914 | €17,951 | +€7,037 | +64.5% |
| Transfer from tax-exempt reserves | 789 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,914 | €18,951 | +€8,037 | +73.6% |
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 11 October 2026 via checked.be.