A.M WORKS: 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 WORKS
Largest movements
- Cash -€8,213
down €8,213 (-51.8%), from €15,869 to €7,656
mainly Net result for the year (-€3,426) and Tax, wage and social debts (-€3,216)
- Receivables within one year +€2,521
up €2,521 (+34.4%), from €7,322 to €9,843
of which Trade receivables: +€1,473
- Other debts +€3,786
up €3,786 (+196%), from €1,928 to €5,714
- Reserves -€3,500
down €3,500 (-28.6%), from €12,250 to €8,750
- Tax, wage and social debts -€3,216
down €3,216 (-33.3%), from €9,669 to €6,453
- Debts after one year -€2,755
down €2,755 (-56.2%), from €4,901 to €2,146
- Gross operating margin -€9,481
down €9,481 (-72.1%), from €13,151 to €3,669
- Taxes -€2,287
down €2,287 (-61.9%), from €3,695 to €1,408
- Depreciation +€1,500
up €1,500 (+181%), from €830 to €2,330
- Other operating charges +€947
up €947 (+50.8%), from €1,865 to €2,811
- Financial charges +€143
up €143 (+34.6%), from €412 to €554
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 | €33,774 | €28,275 | -€5,499 | -16.3% |
| Fixed assets | 21/28 | €9,281 | €9,558 | +€277 | +3.0% |
| Tangible fixed assets | 22/27 | €9,281 | €9,558 | +€277 | +3.0% |
| Plant, machinery and equipment | 23 | €789 | €2,874 | +€2,085 | +264% |
| Furniture and vehicles | 24 | €8,493 | €6,684 | -€1,808 | -21.3% |
| Current assets | 29/58 | €24,493 | €18,717 | -€5,776 | -23.6% |
| Amounts receivable within one year | 40/41 | €7,322 | €9,843 | +€2,521 | +34.4% |
| Trade receivables | 40 | €6,685 | €8,158 | +€1,473 | +22.0% |
| Other amounts receivable | 41 | €637 | €1,685 | +€1,048 | +164% |
| Cash at bank and in hand | 54/58 | €15,869 | €7,656 | -€8,213 | -51.8% |
| Deferred charges and accrued income | 490/1 | €1,302 | €1,218 | -€84 | -6.5% |
| Total equity and liabilities | 10/49 | €33,774 | €28,275 | -€5,499 | -16.3% |
| Equity | 10/15 | €14,272 | €10,846 | -€3,426 | -24.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,250 | €8,750 | -€3,500 | -28.6% |
| Distributable reserves | 133 | €12,250 | €8,750 | -€3,500 | -28.6% |
| Profit (loss) carried forward | 14 | €22 | €96 | +€74 | +334% |
| Amounts payable | 17/49 | €19,502 | €17,430 | -€2,073 | -10.6% |
| Amounts payable after more than one year | 17 | €4,901 | €2,146 | -€2,755 | -56.2% |
| Financial debts | 170/4 | €4,901 | €2,146 | -€2,755 | -56.2% |
| Amounts payable within one year | 42/48 | €14,602 | €15,284 | +€682 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €2,639 | €2,755 | +€116 | +4.4% |
| Trade debts | 44 | €366 | €363 | -€3 | -0.8% |
| Suppliers | 440/4 | €366 | €363 | -€3 | -0.8% |
| Taxes, remuneration and social security | 45 | €9,669 | €6,453 | -€3,216 | -33.3% |
| Taxes | 450/3 | €9,669 | €6,453 | -€3,216 | -33.3% |
| Other amounts payable | 47/48 | €1,928 | €5,714 | +€3,786 | +196% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830 | €2,330 | +€1,500 | +181% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,865 | €2,811 | +€947 | +50.8% |
| Gross operating margin | 9900 | €13,151 | €3,669 | -€9,481 | -72.1% |
| Operating profit (loss) | 9901 | €10,456 | -€1,471 | -€11,927 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +22,600% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +22,600% |
| Financial charges | 65/66B | €412 | €554 | +€143 | +34.6% |
| Recurring financial charges | 65 | €412 | €554 | +€143 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €10,044 | -€2,019 | -€12,063 | |
| Income taxes | 67/77 | €3,695 | €1,408 | -€2,287 | -61.9% |
| Profit (loss) for the period | 9904 | €6,349 | -€3,426 | -€9,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,349 | -€3,426 | -€9,776 |
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 29 October 2026 via checked.be.