AM ADVISOR: 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.
AM ADVISOR
Largest movements
- Cash -€53,775
down €53,775 (-93.0%), from €57,835 to €4,060
mainly Investment in fixed assets (net) (-€43,565) and Trade debts (-€42,841)
- Tangible fixed assets +€28,820
up €28,820 (+10.7%), from €269,517 to €298,337
of which Plant, machinery and equipment: +€30,111
- Receivables within one year +€6,479
up €6,479 (+14.9%), from €43,397 to €49,876
of which Other amounts receivable: +€8,691
- Trade debts -€42,841
down €42,841 (-96.8%), from €44,266 to €1,425
- Profit (loss) carried forward +€31,358
up €31,358 (+39.7%), from €78,932 to €110,291
- Debts after one year -€15,671
down €15,671 (-6.9%), from €225,632 to €209,961
- Tax, wage and social debts +€5,400
up €5,400 (+25.9%), from €20,850 to €26,250
of which Taxes: +€5,400
- Gross operating margin -€8,882
down €8,882 (-12.1%), from €73,341 to €64,458
- Depreciation +€7,203
up €7,203 (+71.7%), from €10,043 to €17,246
- Financial charges +€4,533
up €4,533 (+109.6%), from €4,137 to €8,670
- Taxes -€3,829
down €3,829 (-32.1%), from €11,944 to €8,115
- Financial income +€1,282
up €1,282 (+120.2%), from €1,067 to €2,348
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,627 | €369,908 | -€20,720 | -5.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €289,098 | €315,417 | +€26,320 | +9.1% |
| Intangible fixed assets | 21 | €18,981 | €16,481 | -€2,500 | -13.2% |
| Tangible fixed assets | 22/27 | €269,517 | €298,337 | +€28,820 | +10.7% |
| Land and buildings | 22 | €240,458 | €239,805 | -€652 | -0.3% |
| Plant, machinery and equipment | 23 | €19,877 | €49,988 | +€30,111 | +151.5% |
| Furniture and vehicles | 24 | €9,182 | €8,543 | -€638 | -7.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €101,529 | €54,490 | -€47,039 | -46.3% |
| Amounts receivable within one year | 40/41 | €43,397 | €49,876 | +€6,479 | +14.9% |
| Trade receivables | 40 | €5,000 | €2,788 | -€2,212 | -44.2% |
| Other amounts receivable | 41 | €38,397 | €47,088 | +€8,691 | +22.6% |
| Cash at bank and in hand | 54/58 | €57,835 | €4,060 | -€53,775 | -93.0% |
| Deferred charges and accrued income | 490/1 | €297 | €554 | +€257 | +86.3% |
| Total equity and liabilities | 10/49 | €390,627 | €369,908 | -€20,720 | -5.3% |
| Equity | 10/15 | €83,932 | €115,291 | +€31,358 | +37.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,932 | €110,291 | +€31,358 | +39.7% |
| Amounts payable | 17/49 | €306,695 | €254,617 | -€52,078 | -17.0% |
| Amounts payable after more than one year | 17 | €225,632 | €209,961 | -€15,671 | -6.9% |
| Financial debts | 170/4 | €225,632 | €209,961 | -€15,671 | -6.9% |
| Amounts payable within one year | 42/48 | €81,063 | €44,656 | -€36,407 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €15,947 | €16,504 | +€557 | +3.5% |
| Trade debts | 44 | €44,266 | €1,425 | -€42,841 | -96.8% |
| Suppliers | 440/4 | €44,266 | €1,425 | -€42,841 | -96.8% |
| Taxes, remuneration and social security | 45 | €20,850 | €26,250 | +€5,400 | +25.9% |
| Taxes | 450/3 | €16,370 | €21,770 | +€5,400 | +33.0% |
| Remuneration and social security | 454/9 | €4,480 | €4,480 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €478 | +€478 | |
| Remuneration, social security and pensions | 62 | €138 | €829 | +€691 | +500.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,043 | €17,246 | +€7,203 | +71.7% |
| Other operating charges | 640/8 | €1,127 | €587 | -€540 | -47.9% |
| Gross operating margin | 9900 | €73,341 | €64,458 | -€8,882 | -12.1% |
| Operating profit (loss) | 9901 | €62,032 | €45,796 | -€16,236 | -26.2% |
| Financial income | 75/76B | €1,067 | €2,348 | +€1,282 | +120.2% |
| Recurring financial income | 75 | €1,067 | €2,348 | +€1,282 | +120.2% |
| Financial charges | 65/66B | €4,137 | €8,670 | +€4,533 | +109.6% |
| Recurring financial charges | 65 | €4,137 | €8,670 | +€4,533 | +109.6% |
| Profit (loss) for the period before taxes | 9903 | €58,962 | €39,474 | -€19,488 | -33.1% |
| Income taxes | 67/77 | €11,944 | €8,115 | -€3,829 | -32.1% |
| Profit (loss) for the period | 9904 | €47,018 | €31,358 | -€15,659 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,018 | €31,358 | -€15,659 | -33.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.