AM Brothers: 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 Brothers
Largest movements
- Receivables within one year +€70,452
up €70,452 (+2,590%), from €2,721 to €73,173
- Tangible fixed assets +€20,788
up €20,788 (+92.5%), from €22,479 to €43,267
of which Furniture and vehicles: +€14,654
- Cash -€4,934
down €4,934 (-24.3%), from €20,290 to €15,355
mainly Receivables within one year (-€70,452) and Investment in fixed assets (net) (-€38,174)
- Stocks and contracts -€2,515
down €2,515 (-75.4%), from €3,338 to €823
- Financial fixed assets +€1,800
up €1,800 (+46.2%), from €3,900 to €5,700
- Trade debts +€75,205
up €75,205 (+842%), from €8,930 to €84,134
- Tax, wage and social debts +€7,004
up €7,004 (+50.6%), from €13,847 to €20,851
of which Taxes: +€6,158
- Profit (loss) carried forward +€3,239
up €3,239 (+32.1%), from €10,093 to €13,332
- Gross operating margin -€14,209
down €14,209 (-14.5%), from €98,333 to €84,124
- Staff costs +€13,155
up €13,155 (+30.8%), from €42,729 to €55,883
- Taxes -€8,747
down €8,747 (-69.5%), from €12,584 to €3,837
- Depreciation +€7,066
up €7,066 (+82.9%), from €8,520 to €15,586
- Financial charges +€3,527
up €3,527 (+3,333%), from €106 to €3,633
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 | €52,870 | €138,318 | +€85,448 | +162% |
| Fixed assets | 21/28 | €26,379 | €48,967 | +€22,588 | +85.6% |
| Tangible fixed assets | 22/27 | €22,479 | €43,267 | +€20,788 | +92.5% |
| Plant, machinery and equipment | 23 | €7,657 | €14,372 | +€6,715 | +87.7% |
| Furniture and vehicles | 24 | €13,598 | €28,252 | +€14,654 | +108% |
| Other tangible fixed assets | 26 | €1,225 | €643 | -€581 | -47.5% |
| Financial fixed assets | 28 | €3,900 | €5,700 | +€1,800 | +46.2% |
| Current assets | 29/58 | €26,490 | €89,351 | +€62,860 | +237% |
| Stocks and contracts in progress | 3 | €3,338 | €823 | -€2,515 | -75.4% |
| Stocks | 30/36 | €3,338 | €823 | -€2,515 | -75.4% |
| Amounts receivable within one year | 40/41 | €2,721 | €73,173 | +€70,452 | +2,590% |
| Other amounts receivable | 41 | €2,721 | €73,173 | +€70,452 | +2,590% |
| Cash at bank and in hand | 54/58 | €20,290 | €15,355 | -€4,934 | -24.3% |
| Deferred charges and accrued income | 490/1 | €142 | - | -€142 | |
| Total equity and liabilities | 10/49 | €52,870 | €138,318 | +€85,448 | +162% |
| Equity | 10/15 | €30,093 | €33,332 | +€3,239 | +10.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,093 | €13,332 | +€3,239 | +32.1% |
| Amounts payable | 17/49 | €22,776 | €104,985 | +€82,209 | +361% |
| Amounts payable within one year | 42/48 | €22,776 | €104,985 | +€82,209 | +361% |
| Trade debts | 44 | €8,930 | €84,134 | +€75,205 | +842% |
| Suppliers | 440/4 | €8,930 | €84,134 | +€75,205 | +842% |
| Taxes, remuneration and social security | 45 | €13,847 | €20,851 | +€7,004 | +50.6% |
| Taxes | 450/3 | €12,997 | €19,155 | +€6,158 | +47.4% |
| Remuneration and social security | 454/9 | €850 | €1,696 | +€846 | +99.6% |
| Remuneration, social security and pensions | 62 | €42,729 | €55,883 | +€13,155 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,520 | €15,586 | +€7,066 | +82.9% |
| Other operating charges | 640/8 | €4,112 | €1,945 | -€2,167 | -52.7% |
| Gross operating margin | 9900 | €98,333 | €84,124 | -€14,209 | -14.5% |
| Operating profit (loss) | 9901 | €42,973 | €10,710 | -€32,263 | -75.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €106 | €3,633 | +€3,527 | +3,333% |
| Recurring financial charges | 65 | €106 | €3,633 | +€3,527 | +3,333% |
| Profit (loss) for the period before taxes | 9903 | €42,867 | €7,076 | -€35,790 | -83.5% |
| Income taxes | 67/77 | €12,584 | €3,837 | -€8,747 | -69.5% |
| Profit (loss) for the period | 9904 | €30,283 | €3,239 | -€27,044 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,283 | €3,239 | -€27,044 | -89.3% |
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 31 October 2026 via checked.be.