AM Collection: 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 Collection
Largest movements
- Cash +€35,818
up €35,818 (+146%), from €24,457 to €60,275
mainly Stocks and contracts (+€16,050) and Tax, wage and social debts (+€9,966)
- Stocks and contracts -€16,050
down €16,050 (-100%), from €16,050 to €0
- Deferred charges and accrued income -€4,426
down €4,426 (-100%), from €4,426 to €0
- Receivables within one year -€3,191
down €3,191 (-29.4%), from €10,853 to €7,663
of which Trade receivables: -€3,220
- Tangible fixed assets +€765
new in 2025: €765
- Tax, wage and social debts +€9,966
up €9,966 (+75.7%), from €13,166 to €23,131
- Profit (loss) carried forward +€9,541
up €9,541 (+34.8%), from -€27,432 to -€17,891
- Other debts -€5,317
down €5,317 (-15.6%), from €34,085 to €28,768
- Trade debts -€1,141
down €1,141 (-37.6%), from €3,036 to €1,894
- Taxes +€5,969
new in 2025: €5,969
- Financial charges -€2,215
down €2,215 (-56.1%), from €3,946 to €1,731
- Gross operating margin +€873
up €873 (+4.8%), from €18,266 to €19,139
- Other operating charges +€527
up €527 (+40.7%), from €1,296 to €1,823
- Depreciation +€317
new in 2025: €317
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 | €55,786 | €68,703 | +€12,916 | +23.2% |
| Fixed assets | 21/28 | - | €765 | +€765 | |
| Tangible fixed assets | 22/27 | - | €765 | +€765 | |
| Furniture and vehicles | 24 | - | €765 | +€765 | |
| Current assets | 29/58 | €55,786 | €67,938 | +€12,151 | +21.8% |
| Stocks and contracts in progress | 3 | €16,050 | €0 | -€16,050 | -100% |
| Stocks | 30/36 | €16,050 | €0 | -€16,050 | -100% |
| Amounts receivable within one year | 40/41 | €10,853 | €7,663 | -€3,191 | -29.4% |
| Trade receivables | 40 | €9,658 | €6,438 | -€3,220 | -33.3% |
| Other amounts receivable | 41 | €1,195 | €1,224 | +€29 | +2.5% |
| Cash at bank and in hand | 54/58 | €24,457 | €60,275 | +€35,818 | +146% |
| Deferred charges and accrued income | 490/1 | €4,426 | €0 | -€4,426 | -100% |
| Total equity and liabilities | 10/49 | €55,786 | €68,703 | +€12,916 | +23.2% |
| Equity | 10/15 | €5,368 | €14,909 | +€9,541 | +178% |
| Contributions | 10/11 | €32,800 | €32,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,432 | -€17,891 | +€9,541 | +34.8% |
| Amounts payable | 17/49 | €50,418 | €53,794 | +€3,376 | +6.7% |
| Amounts payable within one year | 42/48 | €50,418 | €53,794 | +€3,376 | +6.7% |
| Financial debts | 43 | €132 | €0 | -€132 | -100% |
| Credit institutions | 430/8 | €132 | €0 | -€132 | -100% |
| Trade debts | 44 | €3,036 | €1,894 | -€1,141 | -37.6% |
| Suppliers | 440/4 | €3,036 | €1,894 | -€1,141 | -37.6% |
| Taxes, remuneration and social security | 45 | €13,166 | €23,131 | +€9,966 | +75.7% |
| Taxes | 450/3 | €13,166 | €23,131 | +€9,966 | +75.7% |
| Other amounts payable | 47/48 | €34,085 | €28,768 | -€5,317 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €317 | +€317 | |
| Other operating charges | 640/8 | €1,296 | €1,823 | +€527 | +40.7% |
| Gross operating margin | 9900 | €18,266 | €19,139 | +€873 | +4.8% |
| Operating profit (loss) | 9901 | €16,970 | €16,999 | +€28 | +0.2% |
| Financial income | 75/76B | €0 | €243 | +€243 | |
| Recurring financial income | 75 | €0 | €243 | +€243 | |
| Financial charges | 65/66B | €3,946 | €1,731 | -€2,215 | -56.1% |
| Recurring financial charges | 65 | €3,946 | €1,731 | -€2,215 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €13,024 | €15,510 | +€2,486 | +19.1% |
| Income taxes | 67/77 | - | €5,969 | +€5,969 | |
| Profit (loss) for the period | 9904 | €13,024 | €9,541 | -€3,484 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,024 | €9,541 | -€3,484 | -26.7% |
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 14 October 2026 via checked.be.