AM&C: 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&C
Largest movements
- Cash +€4,949
up €4,949 (+5.1%), from €97,681 to €102,630
mainly Net result for the year (+€115,135) and Depreciation (+€4,891)
- Tangible fixed assets -€4,891
down €4,891 (-58.6%), from €8,347 to €3,457
- Receivables within one year +€2,185
up €2,185 (+6.2%), from €35,016 to €37,201
of which Trade receivables: +€2,815
- Other debts +€4,813
up €4,813 (+4.2%), from €114,757 to €119,570
- Gross operating margin +€9,299
up €9,299 (+6.3%), from €147,410 to €156,709
- Depreciation +€2,685
up €2,685 (+121.7%), from €2,206 to €4,891
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.
Cash bridge derived
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 | €159,555 | €161,772 | +€2,216 | +1.4% |
| Fixed assets | 21/28 | €8,347 | €3,457 | -€4,891 | -58.6% |
| Tangible fixed assets | 22/27 | €8,347 | €3,457 | -€4,891 | -58.6% |
| Furniture and vehicles | 24 | €8,347 | €3,457 | -€4,891 | -58.6% |
| Current assets | 29/58 | €151,208 | €158,315 | +€7,107 | +4.7% |
| Amounts receivable within one year | 40/41 | €35,016 | €37,201 | +€2,185 | +6.2% |
| Trade receivables | 40 | €32,445 | €35,260 | +€2,815 | +8.7% |
| Other amounts receivable | 41 | €2,571 | €1,941 | -€630 | -24.5% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,681 | €102,630 | +€4,949 | +5.1% |
| Deferred charges and accrued income | 490/1 | €3,511 | €3,484 | -€27 | -0.8% |
| Total equity and liabilities | 10/49 | €159,555 | €161,772 | +€2,216 | +1.4% |
| Equity | 10/15 | €37,845 | €37,845 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,385 | €17,385 | = | 0.0% |
| Amounts payable | 17/49 | €121,710 | €123,927 | +€2,216 | +1.8% |
| Amounts payable within one year | 42/48 | €121,022 | €123,551 | +€2,530 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,923 | €1,586 | -€1,336 | -45.7% |
| Suppliers | 440/4 | €2,923 | €1,586 | -€1,336 | -45.7% |
| Taxes, remuneration and social security | 45 | €3,342 | €2,395 | -€947 | -28.3% |
| Taxes | 450/3 | €3,342 | €2,395 | -€947 | -28.3% |
| Other amounts payable | 47/48 | €114,757 | €119,570 | +€4,813 | +4.2% |
| Accrued charges and deferred income | 492/3 | €689 | €375 | -€313 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,206 | €4,891 | +€2,685 | +121.7% |
| Other operating charges | 640/8 | €1,538 | €527 | -€1,010 | -65.7% |
| Gross operating margin | 9900 | €147,410 | €156,709 | +€9,299 | +6.3% |
| Operating profit (loss) | 9901 | €143,667 | €151,291 | +€7,625 | +5.3% |
| Financial income | 75/76B | €146 | €192 | +€46 | +31.9% |
| Recurring financial income | 75 | €146 | €192 | +€46 | +31.9% |
| Financial charges | 65/66B | €929 | €486 | -€443 | -47.7% |
| Recurring financial charges | 65 | €929 | €486 | -€443 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €142,884 | €150,998 | +€8,114 | +5.7% |
| Income taxes | 67/77 | €34,298 | €35,863 | +€1,564 | +4.6% |
| Profit (loss) for the period | 9904 | €108,586 | €115,135 | +€6,550 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,586 | €115,135 | +€6,550 | +6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.