A.M.W.P.: 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.W.P.
Largest movements
- Receivables within one year -€29,671
down €29,671 (-31.7%), from €93,613 to €63,942
of which Trade receivables: -€54,386
- Cash -€11,034
down €11,034 (-99.5%), from €11,084 to €50
mainly Trade debts (-€41,417) and Tax, wage and social debts (-€11,354)
- Tangible fixed assets -€6,070
down €6,070 (-27.7%), from €21,938 to €15,868
of which Other tangible fixed assets: -€4,772
- Deferred charges and accrued income -€2,000
no longer reported in 2025 (was €2,000)
- Trade debts -€41,417
down €41,417 (-99.8%), from €41,489 to €73
- Tax, wage and social debts -€11,354
down €11,354 (-85.9%), from €13,217 to €1,863
of which Remuneration and social security: -€11,395
- Reserves +€4,616
up €4,616 (+8.2%), from €56,126 to €60,743
- Staff costs -€84,496
down €84,496 (-94.7%), from €89,201 to €4,705
- Gross operating margin -€75,636
down €75,636 (-78.3%), from €96,620 to €20,984
- Depreciation -€4,445
down €4,445 (-40.9%), from €10,856 to €6,411
- Other operating charges +€2,269
up €2,269 (+191%), from €1,187 to €3,456
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 | €131,453 | €82,679 | -€48,774 | -37.1% |
| Fixed assets | 21/28 | €24,756 | €18,686 | -€6,070 | -24.5% |
| Tangible fixed assets | 22/27 | €21,938 | €15,868 | -€6,070 | -27.7% |
| Plant, machinery and equipment | 23 | €3,129 | €1,693 | -€1,436 | -45.9% |
| Furniture and vehicles | 24 | €32 | €171 | +€139 | +434% |
| Other tangible fixed assets | 26 | €18,777 | €14,005 | -€4,772 | -25.4% |
| Financial fixed assets | 28 | €2,818 | €2,818 | = | 0.0% |
| Current assets | 29/58 | €106,697 | €63,992 | -€42,705 | -40.0% |
| Amounts receivable within one year | 40/41 | €93,613 | €63,942 | -€29,671 | -31.7% |
| Trade receivables | 40 | €54,386 | - | -€54,386 | |
| Other amounts receivable | 41 | €39,227 | €63,942 | +€24,715 | +63.0% |
| Cash at bank and in hand | 54/58 | €11,084 | €50 | -€11,034 | -99.5% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €131,453 | €82,679 | -€48,774 | -37.1% |
| Equity | 10/15 | €76,126 | €80,743 | +€4,616 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €56,126 | €60,743 | +€4,616 | +8.2% |
| Distributable reserves | 133 | €56,126 | €60,743 | +€4,616 | +8.2% |
| Amounts payable | 17/49 | €55,327 | €1,936 | -€53,391 | -96.5% |
| Amounts payable within one year | 42/48 | €55,327 | €1,936 | -€53,391 | -96.5% |
| Current portion of amounts payable after more than one year | 42 | €620 | - | -€620 | |
| Trade debts | 44 | €41,489 | €73 | -€41,417 | -99.8% |
| Suppliers | 440/4 | €41,489 | €73 | -€41,417 | -99.8% |
| Taxes, remuneration and social security | 45 | €13,217 | €1,863 | -€11,354 | -85.9% |
| Taxes | 450/3 | €1,489 | €1,530 | +€41 | +2.7% |
| Remuneration and social security | 454/9 | €11,727 | €333 | -€11,395 | -97.2% |
| Remuneration, social security and pensions | 62 | €89,201 | €4,705 | -€84,496 | -94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,856 | €6,411 | -€4,445 | -40.9% |
| Other operating charges | 640/8 | €1,187 | €3,456 | +€2,269 | +191% |
| Non-recurring operating charges | 66A | - | €171 | +€171 | |
| Gross operating margin | 9900 | €96,620 | €20,984 | -€75,636 | -78.3% |
| Operating profit (loss) | 9901 | -€4,624 | €6,241 | +€10,865 | |
| Financial charges | 65/66B | €206 | €577 | +€372 | +181% |
| Recurring financial charges | 65 | €206 | €577 | +€372 | +181% |
| Profit (loss) for the period before taxes | 9903 | -€4,829 | €5,664 | +€10,493 | |
| Income taxes | 67/77 | €1,069 | €1,047 | -€22 | -2.1% |
| Profit (loss) for the period | 9904 | -€5,899 | €4,616 | +€10,515 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,899 | €4,616 | +€10,515 |
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 31 October 2026 via checked.be.