AAMAC: 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.
AAMAC
Largest movements
- Tangible fixed assets -€38,054
down €38,054 (-8.0%), from €478,451 to €440,397
of which Land and buildings: -€27,748
- Cash +€8,798
up €8,798 (+16.6%), from €52,871 to €61,669
mainly Depreciation (+€50,304) and Other debts (+€17,182)
- Reserves -€51,365
down €51,365 (-10.5%), from €491,091 to €439,726
of which Distributable reserves: -€51,365
- Other debts +€17,182
up €17,182 (+396.2%), from €4,337 to €21,519
- Trade debts +€9,507
up €9,507 (+459.8%), from €2,068 to €11,575
- Financial charges -€2,106
down €2,106 (-82.3%), from €2,560 to €454
- Depreciation -€1,506
down €1,506 (-2.9%), from €51,810 to €50,304
- Gross operating margin +€784
up €784 (+1.4%), from €56,985 to €57,769
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 | €533,857 | €503,822 | -€30,034 | -5.6% |
| Fixed assets | 21/28 | €478,451 | €440,397 | -€38,054 | -8.0% |
| Tangible fixed assets | 22/27 | €478,451 | €440,397 | -€38,054 | -8.0% |
| Land and buildings | 22 | €371,511 | €343,763 | -€27,748 | -7.5% |
| Plant, machinery and equipment | 23 | €95,599 | €90,656 | -€4,943 | -5.2% |
| Furniture and vehicles | 24 | €11,340 | €5,978 | -€5,362 | -47.3% |
| Current assets | 29/58 | €55,406 | €63,425 | +€8,020 | +14.5% |
| Stocks and contracts in progress | 3 | €1 | €1 | = | 0.0% |
| Stocks | 30/36 | €1 | €1 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,497 | €708 | -€790 | -52.7% |
| Trade receivables | 40 | €1,497 | €708 | -€790 | -52.7% |
| Cash at bank and in hand | 54/58 | €52,871 | €61,669 | +€8,798 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,037 | €1,048 | +€12 | +1.1% |
| Total equity and liabilities | 10/49 | €533,857 | €503,822 | -€30,034 | -5.6% |
| Equity | 10/15 | €516,091 | €464,726 | -€51,365 | -10.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €491,091 | €439,726 | -€51,365 | -10.5% |
| Tax-exempt reserves | 132 | €116,841 | €116,841 | = | 0.0% |
| Distributable reserves | 133 | €374,249 | €322,885 | -€51,365 | -13.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,766 | €39,096 | +€21,330 | +120.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €11,172 | €36,313 | +€25,140 | +225.0% |
| Current portion of amounts payable after more than one year | 42 | €4,063 | €0 | -€4,063 | -100.0% |
| Trade debts | 44 | €2,068 | €11,575 | +€9,507 | +459.8% |
| Suppliers | 440/4 | €2,068 | €11,575 | +€9,507 | +459.8% |
| Advances received on contracts in progress | 46 | €42 | €0 | -€42 | -100.0% |
| Taxes, remuneration and social security | 45 | €662 | €3,218 | +€2,556 | +386.1% |
| Taxes | 450/3 | €662 | €3,218 | +€2,556 | +386.1% |
| Other amounts payable | 47/48 | €4,337 | €21,519 | +€17,182 | +396.2% |
| Accrued charges and deferred income | 492/3 | €6,594 | €2,784 | -€3,810 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,810 | €50,304 | -€1,506 | -2.9% |
| Other operating charges | 640/8 | €13,016 | €13,419 | +€403 | +3.1% |
| Gross operating margin | 9900 | €56,985 | €57,769 | +€784 | +1.4% |
| Operating profit (loss) | 9901 | -€7,841 | -€5,954 | +€1,887 | +24.1% |
| Financial income | 75/76B | €0 | €321 | +€321 | +1602550.0% |
| Recurring financial income | 75 | €0 | €321 | +€321 | +1602550.0% |
| Financial charges | 65/66B | €2,560 | €454 | -€2,106 | -82.3% |
| Recurring financial charges | 65 | €2,560 | €454 | -€2,106 | -82.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,401 | -€6,087 | +€4,313 | +41.5% |
| Income taxes | 67/77 | €97 | €277 | +€180 | +184.9% |
| Profit (loss) for the period | 9904 | -€10,498 | -€6,365 | +€4,134 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,498 | -€6,365 | +€4,134 | +39.4% |
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 3 October 2026 via checked.be.