A-MAU: what changed
Two fiscal 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-MAU
Largest movements
- Tangible fixed assets -€8,210
down €8,210 (-57.3%), from €14,316 to €6,106
of which Furniture and vehicles: -€6,610
- Stocks and contracts -€3,570
down €3,570 (-8.2%), from €43,483 to €39,913
- Cash -€2,286
down €2,286 (-38.9%), from €5,884 to €3,598
mainly Trade debts (-€9,422) and Other debts (-€4,948)
- Receivables within one year +€2,078
up €2,078 (+1161.3%), from €179 to €2,257
of which Trade receivables: +€2,078
- Tax, wage and social debts +€9,795
up €9,795 (+50.9%), from €19,245 to €29,040
of which Remuneration and social security: +€8,793
- Trade debts -€9,422
down €9,422 (-93.4%), from €10,088 to €666
- Other debts -€4,948
down €4,948 (-6.4%), from €77,229 to €72,281
- Current portion of long-term debt -€4,863
down €4,863 (-65.1%), from €7,466 to €2,603
- Debts after one year -€2,603
down €2,603 (-41.4%), from €6,294 to €3,690
- Gross operating margin +€35,902
up €35,902, from -€637 to €35,265
- Staff costs -€22,432
down €22,432 (-47.7%), from €47,060 to €24,628
- Depreciation +€1,151
up €1,151 (+16.3%), from €7,059 to €8,210
- Financial income -€1,115
down €1,115 (-65.0%), from €1,715 to €600
- Other operating charges -€603
down €603 (-44.4%), from €1,356 to €754
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 | €63,964 | €52,404 | -€11,559 | -18.1% |
| Fixed assets | 21/28 | €14,316 | €6,106 | -€8,210 | -57.3% |
| Tangible fixed assets | 22/27 | €14,316 | €6,106 | -€8,210 | -57.3% |
| Plant, machinery and equipment | 23 | €6,556 | €4,956 | -€1,600 | -24.4% |
| Furniture and vehicles | 24 | €7,760 | €1,150 | -€6,610 | -85.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €49,648 | €46,298 | -€3,349 | -6.7% |
| Stocks and contracts in progress | 3 | €43,483 | €39,913 | -€3,570 | -8.2% |
| Stocks | 30/36 | €43,483 | €39,913 | -€3,570 | -8.2% |
| Amounts receivable within one year | 40/41 | €179 | €2,257 | +€2,078 | +1161.3% |
| Trade receivables | 40 | €179 | €2,257 | +€2,078 | +1161.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,884 | €3,598 | -€2,286 | -38.9% |
| Deferred charges and accrued income | 490/1 | €102 | €530 | +€429 | +422.5% |
| Total equity and liabilities | 10/49 | €63,964 | €52,404 | -€11,559 | -18.1% |
| Equity | 10/15 | -€56,359 | -€55,876 | +€483 | +0.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,359 | -€58,876 | +€483 | +0.8% |
| Amounts payable | 17/49 | €120,323 | €108,281 | -€12,042 | -10.0% |
| Amounts payable after more than one year | 17 | €6,294 | €3,690 | -€2,603 | -41.4% |
| Financial debts | 170/4 | €6,294 | €3,690 | -€2,603 | -41.4% |
| Amounts payable within one year | 42/48 | €114,029 | €104,590 | -€9,438 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €7,466 | €2,603 | -€4,863 | -65.1% |
| Trade debts | 44 | €10,088 | €666 | -€9,422 | -93.4% |
| Suppliers | 440/4 | €10,088 | €666 | -€9,422 | -93.4% |
| Taxes, remuneration and social security | 45 | €19,245 | €29,040 | +€9,795 | +50.9% |
| Taxes | 450/3 | €2,285 | €3,287 | +€1,002 | +43.8% |
| Remuneration and social security | 454/9 | €16,960 | €25,753 | +€8,793 | +51.8% |
| Other amounts payable | 47/48 | €77,229 | €72,281 | -€4,948 | -6.4% |
| Remuneration, social security and pensions | 62 | €47,060 | €24,628 | -€22,432 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,059 | €8,210 | +€1,151 | +16.3% |
| Other operating charges | 640/8 | €1,356 | €754 | -€603 | -44.4% |
| Gross operating margin | 9900 | -€637 | €35,265 | +€35,902 | |
| Operating profit (loss) | 9901 | -€56,112 | €1,673 | +€57,785 | |
| Financial income | 75/76B | €1,715 | €600 | -€1,115 | -65.0% |
| Recurring financial income | 75 | €1,715 | €600 | -€1,115 | -65.0% |
| Financial charges | 65/66B | €1,255 | €1,509 | +€254 | +20.3% |
| Recurring financial charges | 65 | €1,255 | €1,509 | +€254 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,652 | €764 | +€56,416 | |
| Income taxes | 67/77 | €284 | €282 | -€2 | -0.7% |
| Profit (loss) for the period | 9904 | -€55,936 | €483 | +€56,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,936 | €483 | +€56,418 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.