A.M. TRADING: what changed
A.M. TRADING
Largest movements
- Tangible fixed assets -€9,079
down €9,079 (-39.9%), from €22,771 to €13,692
- Receivables within one year -€8,453
down €8,453 (-75.1%), from €11,254 to €2,801
of which Trade receivables: -€4,794
- Cash +€3,637
up €3,637 (+10.0%), from €36,444 to €40,081
mainly Tax, wage and social debts (+€12,036) and Depreciation (+€9,574)
- Profit (loss) carried forward -€14,427
down €14,427 (-47.9%), from €30,121 to €15,694
- Tax, wage and social debts +€12,036
new in 2025: €12,036
of which Remuneration and social security: +€11,951
- Debts after one year -€6,140
down €6,140 (-70.4%), from €8,726 to €2,586
- Trade debts -€4,974
down €4,974 (-67.8%), from €7,337 to €2,363
- Gross operating margin -€20,733
down €20,733, from €17,773 to -€2,960
- Other operating charges +€653
up €653 (+67.0%), from €975 to €1,628
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,827 | €57,412 | -€13,415 | -18.9% |
| Fixed assets | 21/28 | €23,129 | €14,050 | -€9,079 | -39.3% |
| Tangible fixed assets | 22/27 | €22,771 | €13,692 | -€9,079 | -39.9% |
| Furniture and vehicles | 24 | €22,771 | €13,692 | -€9,079 | -39.9% |
| Financial fixed assets | 28 | €358 | €358 | = | 0.0% |
| Current assets | 29/58 | €47,698 | €43,362 | -€4,336 | -9.1% |
| Amounts receivable within one year | 40/41 | €11,254 | €2,801 | -€8,453 | -75.1% |
| Trade receivables | 40 | €7,124 | €2,330 | -€4,794 | -67.3% |
| Other amounts receivable | 41 | €4,130 | €471 | -€3,659 | -88.6% |
| Cash at bank and in hand | 54/58 | €36,444 | €40,081 | +€3,637 | +10.0% |
| Deferred charges and accrued income | 490/1 | - | €480 | +€480 | |
| Total equity and liabilities | 10/49 | €70,827 | €57,412 | -€13,415 | -18.9% |
| Equity | 10/15 | €48,713 | €34,286 | -€14,427 | -29.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,121 | €15,694 | -€14,427 | -47.9% |
| Amounts payable | 17/49 | €22,114 | €23,126 | +€1,012 | +4.6% |
| Amounts payable after more than one year | 17 | €8,726 | €2,586 | -€6,140 | -70.4% |
| Financial debts | 170/4 | €8,726 | €2,586 | -€6,140 | -70.4% |
| Amounts payable within one year | 42/48 | €13,388 | €20,540 | +€7,152 | +53.4% |
| Current portion of amounts payable after more than one year | 42 | €6,051 | €6,141 | +€90 | +1.5% |
| Trade debts | 44 | €7,337 | €2,363 | -€4,974 | -67.8% |
| Suppliers | 440/4 | €7,337 | €2,363 | -€4,974 | -67.8% |
| Taxes, remuneration and social security | 45 | - | €12,036 | +€12,036 | |
| Taxes | 450/3 | - | €85 | +€85 | |
| Remuneration and social security | 454/9 | - | €11,951 | +€11,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,486 | €9,574 | +€88 | +0.9% |
| Other operating charges | 640/8 | €975 | €1,628 | +€653 | +67.0% |
| Gross operating margin | 9900 | €17,773 | -€2,960 | -€20,733 | |
| Operating profit (loss) | 9901 | €7,312 | -€14,162 | -€21,474 | |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €318 | €265 | -€53 | -16.7% |
| Recurring financial charges | 65 | €318 | €265 | -€53 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €7,012 | -€14,427 | -€21,439 | |
| Profit (loss) for the period | 9904 | €7,012 | -€14,427 | -€21,439 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,012 | -€14,427 | -€21,439 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.