AAM PARTNERS: 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.
AAM PARTNERS
Largest movements
- Deferred charges and accrued income -€6,871
down €6,871 (-57.9%), from €11,860 to €4,989
- Tangible fixed assets -€3,202
down €3,202 (-30.0%), from €10,686 to €7,484
of which Furniture and vehicles: -€2,431
- Receivables within one year +€2,874
up €2,874 (+3.3%), from €86,128 to €89,002
of which Other amounts receivable: +€19,785
- Profit (loss) carried forward +€39,962
up €39,962 (+4,546%), from €879 to €40,841
- Tax, wage and social debts -€23,017
down €23,017 (-41.6%), from €55,328 to €32,311
- Other debts -€16,983
no longer reported in 2025 (was €16,983)
- Contributions +€9,544
new in 2025: €9,544
- Reserves -€9,544
no longer reported in 2025 (was €9,544)
- Gross operating margin +€63,094
up €63,094 (+696%), from €9,068 to €72,162
- Taxes +€20,524
up €20,524 (+6,054%), from €339 to €20,863
- Staff costs -€8,289
down €8,289, from €8,199 to -€90
- Depreciation -€3,189
down €3,189 (-49.9%), from €6,392 to €3,203
- Financial charges +€3,013
up €3,013 (+175%), from €1,725 to €4,738
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 | €109,681 | €102,282 | -€7,399 | -6.7% |
| Fixed assets | 21/28 | €10,686 | €7,484 | -€3,202 | -30.0% |
| Tangible fixed assets | 22/27 | €10,686 | €7,484 | -€3,202 | -30.0% |
| Land and buildings | 22 | €5,793 | €5,022 | -€771 | -13.3% |
| Furniture and vehicles | 24 | €4,893 | €2,462 | -€2,431 | -49.7% |
| Current assets | 29/58 | €98,995 | €94,798 | -€4,197 | -4.2% |
| Amounts receivable within one year | 40/41 | €86,128 | €89,002 | +€2,874 | +3.3% |
| Trade receivables | 40 | €81,449 | €64,538 | -€16,911 | -20.8% |
| Other amounts receivable | 41 | €4,679 | €24,464 | +€19,785 | +423% |
| Cash at bank and in hand | 54/58 | €1,007 | €807 | -€200 | -19.9% |
| Deferred charges and accrued income | 490/1 | €11,860 | €4,989 | -€6,871 | -57.9% |
| Total equity and liabilities | 10/49 | €109,681 | €102,282 | -€7,399 | -6.7% |
| Equity | 10/15 | €10,423 | €50,385 | +€39,962 | +383% |
| Contributions | 10/11 | - | €9,544 | +€9,544 | |
| Reserves | 13 | €9,544 | - | -€9,544 | |
| Distributable reserves | 133 | €9,544 | - | -€9,544 | |
| Profit (loss) carried forward | 14 | €879 | €40,841 | +€39,962 | +4,546% |
| Amounts payable | 17/49 | €99,258 | €51,896 | -€47,362 | -47.7% |
| Amounts payable after more than one year | 17 | €1,550 | €1,726 | +€176 | +11.4% |
| Financial debts | 170/4 | €1,550 | €1,726 | +€176 | +11.4% |
| Amounts payable within one year | 42/48 | €97,708 | €50,170 | -€47,538 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €6,593 | €2,258 | -€4,335 | -65.7% |
| Financial debts | 43 | €16,500 | €14,001 | -€2,499 | -15.1% |
| Credit institutions | 430/8 | €16,500 | €14,001 | -€2,499 | -15.1% |
| Trade debts | 44 | €2,304 | €1,600 | -€704 | -30.6% |
| Suppliers | 440/4 | €2,304 | €1,600 | -€704 | -30.6% |
| Taxes, remuneration and social security | 45 | €55,328 | €32,311 | -€23,017 | -41.6% |
| Taxes | 450/3 | €55,328 | €32,311 | -€23,017 | -41.6% |
| Other amounts payable | 47/48 | €16,983 | - | -€16,983 | |
| Remuneration, social security and pensions | 62 | €8,199 | -€90 | -€8,289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,392 | €3,203 | -€3,189 | -49.9% |
| Other operating charges | 640/8 | €3,224 | €1,884 | -€1,340 | -41.6% |
| Non-recurring operating charges | 66A | €3,976 | €2,561 | -€1,415 | -35.6% |
| Gross operating margin | 9900 | €9,068 | €72,162 | +€63,094 | +696% |
| Operating profit (loss) | 9901 | -€12,723 | €64,605 | +€77,328 | |
| Financial income | 75/76B | €170 | €959 | +€789 | +464% |
| Recurring financial income | 75 | €170 | €959 | +€789 | +464% |
| Financial charges | 65/66B | €1,725 | €4,738 | +€3,013 | +175% |
| Recurring financial charges | 65 | €1,725 | €4,738 | +€3,013 | +175% |
| Profit (loss) for the period before taxes | 9903 | -€14,278 | €60,826 | +€75,104 | |
| Income taxes | 67/77 | €339 | €20,863 | +€20,524 | +6,054% |
| Profit (loss) for the period | 9904 | -€14,617 | €39,963 | +€54,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,617 | €39,963 | +€54,580 |
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 17 October 2026 via checked.be.