ACMAM: 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.
ACMAM
Largest movements
- Tangible fixed assets -€15,227
down €15,227 (-3.7%), from €415,447 to €400,221
of which Land and buildings: -€14,724
- Receivables within one year +€8,580
new in 2025: €8,580
- Debts after one year -€29,253
down €29,253 (-31.8%), from €92,116 to €62,863
- Other debts +€23,753
up €23,753 (+10.1%), from €236,153 to €259,906
- Depreciation +€6,091
up €6,091 (+66.7%), from €9,136 to €15,227
- Gross operating margin +€3,381
up €3,381 (+14.1%), from €24,002 to €27,383
- Financial charges -€456
down €456 (-7.5%), from €6,117 to €5,661
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €415,447 | €408,801 | -€6,647 | -1.6% |
| Fixed assets | 21/28 | €415,447 | €400,221 | -€15,227 | -3.7% |
| Tangible fixed assets | 22/27 | €415,447 | €400,221 | -€15,227 | -3.7% |
| Land and buildings | 22 | €406,874 | €392,149 | -€14,724 | -3.6% |
| Plant, machinery and equipment | 23 | €8,574 | €8,071 | -€503 | -5.9% |
| Current assets | 29/58 | - | €8,580 | +€8,580 | |
| Amounts receivable within one year | 40/41 | - | €8,580 | +€8,580 | |
| Trade receivables | 40 | - | €8,580 | +€8,580 | |
| Total equity and liabilities | 10/49 | €415,447 | €408,801 | -€6,647 | -1.6% |
| Equity | 10/15 | €45,554 | €49,621 | +€4,067 | +8.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €588 | €588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €588 | €588 | = | 0.0% |
| Reserves not available under the articles | 1311 | €588 | €588 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,033 | -€967 | +€4,067 | +80.8% |
| Amounts payable | 17/49 | €369,893 | €359,179 | -€10,714 | -2.9% |
| Amounts payable after more than one year | 17 | €92,116 | €62,863 | -€29,253 | -31.8% |
| Financial debts | 170/4 | €92,116 | €62,863 | -€29,253 | -31.8% |
| Amounts payable within one year | 42/48 | €277,777 | €296,316 | +€18,539 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €33,957 | €32,344 | -€1,613 | -4.8% |
| Financial debts | 43 | €2,284 | €669 | -€1,615 | -70.7% |
| Credit institutions | 430/8 | €2,284 | €669 | -€1,615 | -70.7% |
| Trade debts | 44 | €998 | €699 | -€299 | -30.0% |
| Suppliers | 440/4 | €998 | €699 | -€299 | -30.0% |
| Advances received on contracts in progress | 46 | €3,630 | - | -€3,630 | |
| Taxes, remuneration and social security | 45 | €755 | €2,698 | +€1,944 | +257.5% |
| Taxes | 450/3 | €755 | €2,698 | +€1,944 | +257.5% |
| Other amounts payable | 47/48 | €236,153 | €259,906 | +€23,753 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,136 | €15,227 | +€6,091 | +66.7% |
| Other operating charges | 640/8 | €2,569 | €2,428 | -€141 | -5.5% |
| Gross operating margin | 9900 | €24,002 | €27,383 | +€3,381 | +14.1% |
| Operating profit (loss) | 9901 | €12,297 | €9,728 | -€2,569 | -20.9% |
| Financial charges | 65/66B | €6,117 | €5,661 | -€456 | -7.5% |
| Recurring financial charges | 65 | €6,117 | €5,661 | -€456 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €6,180 | €4,067 | -€2,113 | -34.2% |
| Profit (loss) for the period | 9904 | €6,180 | €4,067 | -€2,113 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,180 | €4,067 | -€2,113 | -34.2% |
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 8 October 2026 via checked.be.