AM ASSURANCES: what changed
AM ASSURANCES
Largest movements
- Receivables within one year +€16,021
up €16,021 (+29.6%), from €54,062 to €70,083
of which Other amounts receivable: +€15,914
- Deferred charges and accrued income -€12,004
down €12,004 (-66.5%), from €18,041 to €6,037
- Cash +€9,240
up €9,240 (+33.5%), from €27,560 to €36,800
mainly Net result for the year (+€16,199) and Deferred charges and accrued income (+€12,004)
- Tangible fixed assets -€3,957
down €3,957 (-9.3%), from €42,666 to €38,709
of which Plant, machinery and equipment: -€6,445
- Profit (loss) carried forward +€16,199
up €16,199 (+16.4%), from €98,996 to €115,195
- Tax, wage and social debts -€9,337
down €9,337 (-49.1%), from €19,035 to €9,698
of which Taxes: -€10,002
- Trade debts +€2,596
up €2,596 (+46.8%), from €5,550 to €8,146
- Staff costs -€20,695
down €20,695 (-25.7%), from €80,392 to €59,698
- Taxes -€11,721
down €11,721 (-60.5%), from €19,370 to €7,649
- Other operating charges +€6,912
up €6,912 (+1,323%), from €523 to €7,435
- Gross operating margin -€3,354
down €3,354 (-3.3%), from €103,097 to €99,743
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,329 | €151,630 | +€9,301 | +6.5% |
| Fixed assets | 21/28 | €42,666 | €38,709 | -€3,957 | -9.3% |
| Tangible fixed assets | 22/27 | €42,666 | €38,709 | -€3,957 | -9.3% |
| Plant, machinery and equipment | 23 | €40,927 | €34,482 | -€6,445 | -15.7% |
| Furniture and vehicles | 24 | €1,739 | €4,227 | +€2,488 | +143% |
| Current assets | 29/58 | €99,663 | €112,921 | +€13,257 | +13.3% |
| Amounts receivable within one year | 40/41 | €54,062 | €70,083 | +€16,021 | +29.6% |
| Trade receivables | 40 | €31,261 | €31,367 | +€106 | +0.3% |
| Other amounts receivable | 41 | €22,802 | €38,716 | +€15,914 | +69.8% |
| Cash at bank and in hand | 54/58 | €27,560 | €36,800 | +€9,240 | +33.5% |
| Deferred charges and accrued income | 490/1 | €18,041 | €6,037 | -€12,004 | -66.5% |
| Total equity and liabilities | 10/49 | €142,329 | €151,630 | +€9,301 | +6.5% |
| Equity | 10/15 | €117,588 | €133,787 | +€16,199 | +13.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,996 | €115,195 | +€16,199 | +16.4% |
| Amounts payable | 17/49 | €24,742 | €17,843 | -€6,898 | -27.9% |
| Amounts payable within one year | 42/48 | €24,742 | €17,843 | -€6,898 | -27.9% |
| Trade debts | 44 | €5,550 | €8,146 | +€2,596 | +46.8% |
| Suppliers | 440/4 | €5,550 | €8,146 | +€2,596 | +46.8% |
| Taxes, remuneration and social security | 45 | €19,035 | €9,698 | -€9,337 | -49.1% |
| Taxes | 450/3 | €17,558 | €7,556 | -€10,002 | -57.0% |
| Remuneration and social security | 454/9 | €1,477 | €2,141 | +€665 | +45.0% |
| Other amounts payable | 47/48 | €158 | - | -€158 | |
| Non-recurring operating income | 76A | €385 | €14 | -€371 | -96.4% |
| Remuneration, social security and pensions | 62 | €80,392 | €59,698 | -€20,695 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,515 | €8,105 | +€590 | +7.9% |
| Other operating charges | 640/8 | €523 | €7,435 | +€6,912 | +1,323% |
| Non-recurring operating charges | 66A | €1,066 | - | -€1,066 | |
| Gross operating margin | 9900 | €103,097 | €99,743 | -€3,354 | -3.3% |
| Operating profit (loss) | 9901 | €13,601 | €24,506 | +€10,905 | +80.2% |
| Financial charges | 65/66B | €540 | €658 | +€118 | +21.8% |
| Recurring financial charges | 65 | €538 | €658 | +€120 | +22.3% |
| Non-recurring financial charges | 66B | €2 | - | -€2 | |
| Profit (loss) for the period before taxes | 9903 | €13,061 | €23,848 | +€10,787 | +82.6% |
| Income taxes | 67/77 | €19,370 | €7,649 | -€11,721 | -60.5% |
| Profit (loss) for the period | 9904 | -€6,309 | €16,199 | +€22,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,309 | €16,199 | +€22,508 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.