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
- Receivables within one year -€55,802
down €55,802 (-60.4%), from €92,362 to €36,560
- Cash -€21,410
down €21,410 (-40.0%), from €53,507 to €32,098
mainly Trade debts (-€57,249) and Other debts (-€28,221)
- Tangible fixed assets -€10,573
down €10,573 (-18.8%), from €56,108 to €45,536
- Deferred charges and accrued income -€2,623
down €2,623 (-59.1%), from €4,437 to €1,814
- Trade debts -€57,249
down €57,249 (-94.4%), from €60,647 to €3,398
- Other debts -€28,221
down €28,221 (-17.5%), from €161,276 to €133,055
- Profit (loss) carried forward -€12,441
down €12,441 (-21.1%), from -€59,053 to -€71,494
- Tax, wage and social debts +€7,503
up €7,503 (+47.8%), from €15,688 to €23,192
of which Remuneration and social security: +€7,985
- Depreciation -€12,771
down €12,771 (-54.7%), from €23,344 to €10,573
- Gross operating margin -€8,827
down €8,827 (-7.3%), from €120,291 to €111,464
- Taxes +€8,557
up €8,557 (+292.9%), from €2,922 to €11,479
- Other operating charges +€7,362
up €7,362 (+270.4%), from €2,722 to €10,085
- Staff costs -€4,591
down €4,591 (-4.8%), from €95,964 to €91,373
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 | €206,415 | €116,007 | -€90,407 | -43.8% |
| Fixed assets | 21/28 | €56,108 | €45,536 | -€10,573 | -18.8% |
| Tangible fixed assets | 22/27 | €56,108 | €45,536 | -€10,573 | -18.8% |
| Land and buildings | 22 | €33,285 | €28,183 | -€5,102 | -15.3% |
| Plant, machinery and equipment | 23 | €570 | €285 | -€285 | -50.0% |
| Furniture and vehicles | 24 | €809 | €21 | -€787 | -97.4% |
| Other tangible fixed assets | 26 | €21,444 | €17,046 | -€4,398 | -20.5% |
| Current assets | 29/58 | €150,306 | €70,471 | -€79,835 | -53.1% |
| Amounts receivable within one year | 40/41 | €92,362 | €36,560 | -€55,802 | -60.4% |
| Trade receivables | 40 | €92,362 | €36,560 | -€55,802 | -60.4% |
| Cash at bank and in hand | 54/58 | €53,507 | €32,098 | -€21,410 | -40.0% |
| Deferred charges and accrued income | 490/1 | €4,437 | €1,814 | -€2,623 | -59.1% |
| Total equity and liabilities | 10/49 | €206,415 | €116,007 | -€90,407 | -43.8% |
| Equity | 10/15 | -€31,197 | -€43,638 | -€12,441 | -39.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,256 | €9,256 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,256 | €9,256 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,256 | €9,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,053 | -€71,494 | -€12,441 | -21.1% |
| Amounts payable | 17/49 | €237,612 | €159,645 | -€77,966 | -32.8% |
| Amounts payable within one year | 42/48 | €237,612 | €159,645 | -€77,966 | -32.8% |
| Trade debts | 44 | €60,647 | €3,398 | -€57,249 | -94.4% |
| Suppliers | 440/4 | €60,647 | €3,398 | -€57,249 | -94.4% |
| Taxes, remuneration and social security | 45 | €15,688 | €23,192 | +€7,503 | +47.8% |
| Taxes | 450/3 | €2,597 | €2,115 | -€482 | -18.6% |
| Remuneration and social security | 454/9 | €13,092 | €21,077 | +€7,985 | +61.0% |
| Other amounts payable | 47/48 | €161,276 | €133,055 | -€28,221 | -17.5% |
| Remuneration, social security and pensions | 62 | €95,964 | €91,373 | -€4,591 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,344 | €10,573 | -€12,771 | -54.7% |
| Other operating charges | 640/8 | €2,722 | €10,085 | +€7,362 | +270.4% |
| Gross operating margin | 9900 | €120,291 | €111,464 | -€8,827 | -7.3% |
| Operating profit (loss) | 9901 | -€1,739 | -€566 | +€1,173 | +67.4% |
| Financial income | 75/76B | €40 | €23 | -€16 | -41.2% |
| Recurring financial income | 75 | €40 | €23 | -€16 | -41.2% |
| Financial charges | 65/66B | €669 | €420 | -€249 | -37.2% |
| Recurring financial charges | 65 | €669 | €420 | -€249 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,368 | -€962 | +€1,405 | +59.4% |
| Income taxes | 67/77 | €2,922 | €11,479 | +€8,557 | +292.9% |
| Profit (loss) for the period | 9904 | -€5,290 | -€12,441 | -€7,152 | -135.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,290 | -€12,441 | -€7,152 | -135.2% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.