A & M TRADING: 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 TRADING
Largest movements
- Stocks and contracts +€30,000
new in 2025: €30,000
- Receivables within one year +€25,234
up €25,234 (+55.2%), from €45,709 to €70,943
of which Trade receivables: +€47,499
- Tangible fixed assets +€10,706
up €10,706 (+36.3%), from €29,504 to €40,210
of which Land and buildings: +€26,563
- Cash -€2,750
down €2,750 (-10.9%), from €25,279 to €22,529
mainly Stocks and contracts (-€30,000) and Receivables within one year (-€25,234)
- Deferred charges and accrued income +€2,711
up €2,711 (+3,055%), from €89 to €2,800
- Trade debts +€47,225
up €47,225 (+261%), from €18,122 to €65,347
- Reserves +€16,292
up €16,292 (+29.0%), from €56,175 to €72,467
- Financial charges +€31,980
up €31,980 (+48,588%), from €66 to €32,046
of which Non-recurring financial charges: +€29,210
- Gross operating margin +€14,462
up €14,462 (+28.2%), from €51,230 to €65,693
- Depreciation +€5,855
up €5,855 (+260%), from €2,255 to €8,110
- Taxes +€2,023
up €2,023 (+32.0%), from €6,332 to €8,355
- Financial income +€735
up €735 (+278%), from €264 to €999
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 | €107,734 | €172,670 | +€64,936 | +60.3% |
| Fixed assets | 21/28 | €36,657 | €46,399 | +€9,741 | +26.6% |
| Intangible fixed assets | 21 | €7,153 | €6,189 | -€965 | -13.5% |
| Tangible fixed assets | 22/27 | €29,504 | €40,210 | +€10,706 | +36.3% |
| Land and buildings | 22 | - | €26,563 | +€26,563 | |
| Plant, machinery and equipment | 23 | €28,369 | €4,205 | -€24,164 | -85.2% |
| Furniture and vehicles | 24 | €1,135 | €9,442 | +€8,307 | +732% |
| Current assets | 29/58 | €71,077 | €126,272 | +€55,195 | +77.7% |
| Stocks and contracts in progress | 3 | - | €30,000 | +€30,000 | |
| Stocks | 30/36 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €45,709 | €70,943 | +€25,234 | +55.2% |
| Trade receivables | 40 | €0 | €47,499 | +€47,499 | |
| Other amounts receivable | 41 | €45,709 | €23,444 | -€22,265 | -48.7% |
| Cash at bank and in hand | 54/58 | €25,279 | €22,529 | -€2,750 | -10.9% |
| Deferred charges and accrued income | 490/1 | €89 | €2,800 | +€2,711 | +3,055% |
| Total equity and liabilities | 10/49 | €107,734 | €172,670 | +€64,936 | +60.3% |
| Equity | 10/15 | €74,775 | €91,067 | +€16,292 | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,175 | €72,467 | +€16,292 | +29.0% |
| Distributable reserves | 133 | €56,175 | €72,467 | +€16,292 | +29.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €32,959 | €81,603 | +€48,644 | +148% |
| Amounts payable within one year | 42/48 | €32,159 | €80,803 | +€48,644 | +151% |
| Trade debts | 44 | €18,122 | €65,347 | +€47,225 | +261% |
| Suppliers | 440/4 | €18,122 | €65,347 | +€47,225 | +261% |
| Taxes, remuneration and social security | 45 | €10,409 | €11,828 | +€1,419 | +13.6% |
| Taxes | 450/3 | €10,409 | €11,828 | +€1,419 | +13.6% |
| Other amounts payable | 47/48 | €3,628 | €3,628 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,255 | €8,110 | +€5,855 | +260% |
| Other operating charges | 640/8 | €1,642 | €1,888 | +€246 | +15.0% |
| Non-recurring operating charges | 66A | €27,341 | €0 | -€27,341 | -100% |
| Gross operating margin | 9900 | €51,230 | €65,693 | +€14,462 | +28.2% |
| Operating profit (loss) | 9901 | €19,993 | €55,695 | +€35,702 | +179% |
| Financial income | 75/76B | €264 | €999 | +€735 | +278% |
| Recurring financial income | 75 | €264 | €999 | +€735 | +278% |
| Financial charges | 65/66B | €66 | €32,046 | +€31,980 | +48,588% |
| Recurring financial charges | 65 | €66 | €2,836 | +€2,770 | +4,209% |
| Non-recurring financial charges | 66B | - | €29,210 | +€29,210 | |
| Profit (loss) for the period before taxes | 9903 | €20,191 | €24,647 | +€4,456 | +22.1% |
| Income taxes | 67/77 | €6,332 | €8,355 | +€2,023 | +32.0% |
| Profit (loss) for the period | 9904 | €13,859 | €16,292 | +€2,433 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,859 | €16,292 | +€2,433 | +17.6% |
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 18 October 2026 via checked.be.