A1MD . PROD: 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.
A1MD . PROD
Largest movements
- Tangible fixed assets -€26,780
down €26,780 (-6.6%), from €404,192 to €377,412
- Receivables within one year +€6,659
up €6,659 (+3.5%), from €190,115 to €196,774
of which Trade receivables: +€34,659
- Profit (loss) carried forward -€35,805
down €35,805 (-28.7%), from €124,752 to €88,948
- Advances received +€24,200
up €24,200 (+31.4%), from €77,077 to €101,277
- Trade debts +€23,140
up €23,140 (+69.2%), from €33,422 to €56,563
- Debts after one year -€17,665
down €17,665 (-9.1%), from €194,731 to €177,065
- Tax, wage and social debts -€13,565
down €13,565 (-97.3%), from €13,946 to €381
- Gross operating margin -€84,823
down €84,823, from €79,050 to -€5,773
- Taxes -€4,099
no longer reported in 2025 (was €4,099)
- Depreciation -€3,754
down €3,754 (-13.7%), from €27,491 to €23,737
- Other operating charges -€1,845
down €1,845 (-46.4%), from €3,980 to €2,135
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 | €595,329 | €578,176 | -€17,153 | -2.9% |
| Fixed assets | 21/28 | €404,192 | €377,412 | -€26,780 | -6.6% |
| Tangible fixed assets | 22/27 | €404,192 | €377,412 | -€26,780 | -6.6% |
| Land and buildings | 22 | €283,388 | €275,662 | -€7,726 | -2.7% |
| Plant, machinery and equipment | 23 | €95,410 | €84,275 | -€11,135 | -11.7% |
| Furniture and vehicles | 24 | €8,290 | €3,305 | -€4,985 | -60.1% |
| Other tangible fixed assets | 26 | €17,104 | €14,170 | -€2,934 | -17.2% |
| Current assets | 29/58 | €191,137 | €200,764 | +€9,627 | +5.0% |
| Amounts receivable within one year | 40/41 | €190,115 | €196,774 | +€6,659 | +3.5% |
| Trade receivables | 40 | €146,225 | €180,884 | +€34,659 | +23.7% |
| Other amounts receivable | 41 | €43,890 | €15,890 | -€28,000 | -63.8% |
| Cash at bank and in hand | 54/58 | €727 | €3,989 | +€3,263 | +449.1% |
| Deferred charges and accrued income | 490/1 | €295 | - | -€295 | |
| Total equity and liabilities | 10/49 | €595,329 | €578,176 | -€17,153 | -2.9% |
| Equity | 10/15 | €204,101 | €168,296 | -€35,805 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,749 | €60,749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €58,889 | €58,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,752 | €88,948 | -€35,805 | -28.7% |
| Amounts payable | 17/49 | €391,228 | €409,880 | +€18,652 | +4.8% |
| Amounts payable after more than one year | 17 | €194,731 | €177,065 | -€17,665 | -9.1% |
| Financial debts | 170/4 | €194,731 | €177,065 | -€17,665 | -9.1% |
| Amounts payable within one year | 42/48 | €196,497 | €232,814 | +€36,317 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €17,608 | €17,665 | +€58 | +0.3% |
| Trade debts | 44 | €33,422 | €56,563 | +€23,140 | +69.2% |
| Suppliers | 440/4 | €33,422 | €56,563 | +€23,140 | +69.2% |
| Advances received on contracts in progress | 46 | €77,077 | €101,277 | +€24,200 | +31.4% |
| Taxes, remuneration and social security | 45 | €13,946 | €381 | -€13,565 | -97.3% |
| Taxes | 450/3 | €13,946 | €381 | -€13,565 | -97.3% |
| Other amounts payable | 47/48 | €54,444 | €56,929 | +€2,485 | +4.6% |
| Non-recurring operating income | 76A | - | €3,292 | +€3,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,491 | €23,737 | -€3,754 | -13.7% |
| Other operating charges | 640/8 | €3,980 | €2,135 | -€1,845 | -46.4% |
| Non-recurring operating charges | 66A | €36,300 | - | -€36,300 | |
| Gross operating margin | 9900 | €79,050 | -€5,773 | -€84,823 | |
| Operating profit (loss) | 9901 | €11,279 | -€31,645 | -€42,924 | |
| Financial income | 75/76B | €56 | €1 | -€55 | -98.7% |
| Recurring financial income | 75 | €56 | €1 | -€55 | -98.7% |
| Financial charges | 65/66B | €4,371 | €4,161 | -€210 | -4.8% |
| Recurring financial charges | 65 | €4,371 | €4,161 | -€210 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €6,965 | -€35,805 | -€42,770 | |
| Income taxes | 67/77 | €4,099 | - | -€4,099 | |
| Profit (loss) for the period | 9904 | €2,866 | -€35,805 | -€38,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,866 | -€35,805 | -€38,671 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.