AM BOUW: what changed
AM BOUW
Largest movements
- Cash -€31,142
down €31,142 (-99.8%), from €31,200 to €58
mainly Tax, wage and social debts (-€36,652) and Receivables within one year (-€23,802)
- Receivables within one year +€23,802
up €23,802 (+92.9%), from €25,623 to €49,424
of which Trade receivables: +€23,530
- Stocks and contracts -€7,131
down €7,131 (-43.8%), from €16,276 to €9,144
of which Contracts in progress: -€4,398
- Tangible fixed assets -€4,418
down €4,418 (-43.0%), from €10,262 to €5,844
of which Furniture and vehicles: -€4,418
- Reserves +€69,106
up €69,106 (+3,715%), from €1,860 to €70,966
of which Distributable reserves: +€69,106
- Profit (loss) carried forward -€57,341
no longer reported in 2025 (was €57,341)
- Tax, wage and social debts -€36,652
down €36,652 (-91.5%), from €40,038 to €3,386
of which Taxes: -€31,168
- Trade debts +€34,310
up €34,310 (+50.5%), from €67,983 to €102,293
- Debts after one year -€22,815
down €22,815 (-49.4%), from €46,192 to €23,376
- Gross operating margin +€26,676
up €26,676 (+556%), from €4,801 to €31,477
- Taxes +€5,343
up €5,343 (+3,780%), from €141 to €5,484
- Financial charges +€3,413
up €3,413 (+33.3%), from €10,239 to €13,651
- Other operating charges -€3,103
down €3,103 (-72.1%), from €4,303 to €1,200
- Depreciation +€857
up €857 (+24.1%), from €3,561 to €4,418
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 | €253,047 | €233,336 | -€19,711 | -7.8% |
| Fixed assets | 21/28 | €10,262 | €5,844 | -€4,418 | -43.0% |
| Tangible fixed assets | 22/27 | €10,262 | €5,844 | -€4,418 | -43.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €10,262 | €5,844 | -€4,418 | -43.0% |
| Current assets | 29/58 | €242,785 | €227,492 | -€15,293 | -6.3% |
| Amounts receivable after more than one year | 29 | €167,951 | €167,951 | = | 0.0% |
| Other amounts receivable | 291 | €167,951 | €167,951 | = | 0.0% |
| Stocks and contracts in progress | 3 | €16,276 | €9,144 | -€7,131 | -43.8% |
| Stocks | 30/36 | €7,276 | €4,542 | -€2,733 | -37.6% |
| Contracts in progress | 37 | €9,000 | €4,602 | -€4,398 | -48.9% |
| Amounts receivable within one year | 40/41 | €25,623 | €49,424 | +€23,802 | +92.9% |
| Trade receivables | 40 | €25,623 | €49,153 | +€23,530 | +91.8% |
| Other amounts receivable | 41 | - | €272 | +€272 | |
| Cash at bank and in hand | 54/58 | €31,200 | €58 | -€31,142 | -99.8% |
| Deferred charges and accrued income | 490/1 | €1,735 | €913 | -€822 | -47.4% |
| Total equity and liabilities | 10/49 | €253,047 | €233,336 | -€19,711 | -7.8% |
| Equity | 10/15 | €65,401 | €77,166 | +€11,764 | +18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €70,966 | +€69,106 | +3,715% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €69,106 | +€69,106 | |
| Profit (loss) carried forward | 14 | €57,341 | - | -€57,341 | |
| Amounts payable | 17/49 | €187,645 | €156,170 | -€31,475 | -16.8% |
| Amounts payable after more than one year | 17 | €46,192 | €23,376 | -€22,815 | -49.4% |
| Financial debts | 170/4 | €46,192 | €23,376 | -€22,815 | -49.4% |
| Amounts payable within one year | 42/48 | €141,000 | €132,423 | -€8,577 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €29,189 | €22,815 | -€6,373 | -21.8% |
| Financial debts | 43 | - | €3,290 | +€3,290 | |
| Credit institutions | 430/8 | - | €3,290 | +€3,290 | |
| Trade debts | 44 | €67,983 | €102,293 | +€34,310 | +50.5% |
| Suppliers | 440/4 | €67,983 | €102,293 | +€34,310 | +50.5% |
| Taxes, remuneration and social security | 45 | €40,038 | €3,386 | -€36,652 | -91.5% |
| Taxes | 450/3 | €33,349 | €2,181 | -€31,168 | -93.5% |
| Remuneration and social security | 454/9 | €6,689 | €1,205 | -€5,484 | -82.0% |
| Other amounts payable | 47/48 | €3,790 | €639 | -€3,151 | -83.1% |
| Accrued charges and deferred income | 492/3 | €453 | €370 | -€83 | -18.3% |
| Non-recurring operating income | 76A | - | €10,250 | +€10,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,561 | €4,418 | +€857 | +24.1% |
| Other operating charges | 640/8 | €4,303 | €1,200 | -€3,103 | -72.1% |
| Non-recurring operating charges | 66A | €6,744 | - | -€6,744 | |
| Gross operating margin | 9900 | €4,801 | €31,477 | +€26,676 | +556% |
| Operating profit (loss) | 9901 | -€9,808 | €25,859 | +€35,667 | |
| Financial income | 75/76B | €5,131 | €5,041 | -€90 | -1.8% |
| Recurring financial income | 75 | €5,131 | €5,041 | -€90 | -1.8% |
| Financial charges | 65/66B | €10,239 | €13,651 | +€3,413 | +33.3% |
| Recurring financial charges | 65 | €10,239 | €13,651 | +€3,413 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,915 | €17,249 | +€32,164 | |
| Income taxes | 67/77 | €141 | €5,484 | +€5,343 | +3,780% |
| Profit (loss) for the period | 9904 | -€15,057 | €11,764 | +€26,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,057 | €11,764 | +€26,821 |
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 2 November 2026 via checked.be.