AM BARENDELL: 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.
AM BARENDELL
Largest movements
- Cash +€7,386
up €7,386 (+2,135%), from €346 to €7,732
mainly Net result for the year (+€10,218) and Depreciation (+€6,593)
- Receivables within one year +€6,825
up €6,825 (+41.6%), from €16,400 to €23,225
of which Trade receivables: +€6,825
- Tangible fixed assets -€6,593
down €6,593 (-1.1%), from €578,800 to €572,207
of which Land and buildings: -€6,593
- Profit (loss) carried forward +€10,218
up €10,218 (+6.8%), from -€149,775 to -€139,558
- Gross operating margin +€13,819
up €13,819 (+225%), from €6,151 to €19,970
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 | €595,547 | €603,164 | +€7,618 | +1.3% |
| Fixed assets | 21/28 | €578,800 | €572,207 | -€6,593 | -1.1% |
| Tangible fixed assets | 22/27 | €578,800 | €572,207 | -€6,593 | -1.1% |
| Land and buildings | 22 | €455,640 | €449,048 | -€6,593 | -1.4% |
| Plant, machinery and equipment | 23 | €123,160 | €123,160 | = | 0.0% |
| Current assets | 29/58 | €16,746 | €30,957 | +€14,211 | +84.9% |
| Amounts receivable within one year | 40/41 | €16,400 | €23,225 | +€6,825 | +41.6% |
| Trade receivables | 40 | - | €6,825 | +€6,825 | |
| Other amounts receivable | 41 | €16,400 | €16,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €346 | €7,732 | +€7,386 | +2,135% |
| Total equity and liabilities | 10/49 | €595,547 | €603,164 | +€7,618 | +1.3% |
| Equity | 10/15 | -€85,541 | -€75,323 | +€10,218 | +11.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,235 | €2,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,235 | €2,235 | = | 0.0% |
| Legal reserve | 130 | €2,235 | €2,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,775 | -€139,558 | +€10,218 | +6.8% |
| Amounts payable | 17/49 | €681,087 | €678,487 | -€2,600 | -0.4% |
| Amounts payable within one year | 42/48 | €681,087 | €678,487 | -€2,600 | -0.4% |
| Trade debts | 44 | €2,752 | €2,752 | = | 0.0% |
| Suppliers | 440/4 | €2,752 | €2,752 | = | 0.0% |
| Other amounts payable | 47/48 | €678,335 | €675,735 | -€2,600 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,593 | €6,593 | = | 0.0% |
| Other operating charges | 640/8 | €2,826 | €2,997 | +€171 | +6.1% |
| Gross operating margin | 9900 | €6,151 | €19,970 | +€13,819 | +225% |
| Operating profit (loss) | 9901 | -€3,267 | €10,381 | +€13,648 | |
| Financial charges | 65/66B | €161 | €163 | +€2 | +1.5% |
| Recurring financial charges | 65 | €161 | €163 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,428 | €10,218 | +€13,646 | |
| Profit (loss) for the period | 9904 | -€3,428 | €10,218 | +€13,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,428 | €10,218 | +€13,646 |
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 22 October 2026 via checked.be.