AM CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€661,694
up €661,694 (+2388.4%), from €27,704 to €689,398
of which Land and buildings: +€543,933
- Cash +€72,143
up €72,143 (+141.3%), from €51,041 to €123,183
mainly Debts after one year (+€520,406) and Trade debts (+€90,973)
- Receivables within one year -€39,854
down €39,854 (-36.2%), from €110,084 to €70,231
of which Trade receivables: -€39,968
- Debts after one year +€520,406
new in 2024: €520,406
- Trade debts +€90,973
up €90,973 (+203.2%), from €44,766 to €135,739
- Current portion of long-term debt +€39,680
up €39,680 (+949.4%), from €4,179 to €43,860
- Advances received +€28,283
new in 2024: €28,283
- Other operating charges +€27,229
up €27,229 (+716.2%), from €3,802 to €31,031
- Depreciation +€23,284
up €23,284 (+210.3%), from €11,071 to €34,355
- Staff costs -€20,256
down €20,256 (-71.5%), from €28,335 to €8,079
- Gross operating margin +€8,775
up €8,775 (+9.9%), from €88,812 to €97,587
- Financial charges +€8,520
up €8,520 (+938.6%), from €908 to €9,428
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,829 | €883,860 | +€695,031 | +368.1% |
| Fixed assets | 21/28 | €27,704 | €689,398 | +€661,694 | +2388.4% |
| Tangible fixed assets | 22/27 | €27,704 | €689,398 | +€661,694 | +2388.4% |
| Land and buildings | 22 | - | €543,933 | +€543,933 | |
| Plant, machinery and equipment | 23 | €3,304 | €4,650 | +€1,345 | +40.7% |
| Furniture and vehicles | 24 | €21,701 | €139,788 | +€118,087 | +544.1% |
| Other tangible fixed assets | 26 | €2,698 | €1,027 | -€1,671 | -61.9% |
| Current assets | 29/58 | €161,125 | €194,462 | +€33,337 | +20.7% |
| Amounts receivable within one year | 40/41 | €110,084 | €70,231 | -€39,854 | -36.2% |
| Trade receivables | 40 | €109,970 | €70,002 | -€39,968 | -36.3% |
| Other amounts receivable | 41 | €114 | €229 | +€115 | +100.5% |
| Cash at bank and in hand | 54/58 | €51,041 | €123,183 | +€72,143 | +141.3% |
| Deferred charges and accrued income | 490/1 | - | €1,048 | +€1,048 | |
| Total equity and liabilities | 10/49 | €188,829 | €883,860 | +€695,031 | +368.1% |
| Equity | 10/15 | €14,440 | €22,593 | +€8,153 | +56.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €6,196 | €14,349 | +€8,153 | +131.6% |
| Non-distributable reserves | 130/1 | €66 | €66 | = | 0.0% |
| Reserves not available under the articles | 1311 | €66 | €66 | = | 0.0% |
| Distributable reserves | 133 | €6,130 | €14,283 | +€8,153 | +133.0% |
| Profit (loss) carried forward | 14 | €1,244 | €1,244 | = | 0.0% |
| Amounts payable | 17/49 | €174,389 | €861,267 | +€686,878 | +393.9% |
| Amounts payable after more than one year | 17 | - | €520,406 | +€520,406 | |
| Financial debts | 170/4 | - | €520,406 | +€520,406 | |
| Amounts payable within one year | 42/48 | €174,389 | €340,861 | +€166,472 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €4,179 | €43,860 | +€39,680 | +949.4% |
| Trade debts | 44 | €44,766 | €135,739 | +€90,973 | +203.2% |
| Suppliers | 440/4 | €44,766 | €135,739 | +€90,973 | +203.2% |
| Advances received on contracts in progress | 46 | - | €28,283 | +€28,283 | |
| Taxes, remuneration and social security | 45 | €2,944 | €10,479 | +€7,536 | +256.0% |
| Taxes | 450/3 | €2,944 | €10,479 | +€7,536 | +256.0% |
| Other amounts payable | 47/48 | €122,500 | €122,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €28,335 | €8,079 | -€20,256 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,071 | €34,355 | +€23,284 | +210.3% |
| Other operating charges | 640/8 | €3,802 | €31,031 | +€27,229 | +716.2% |
| Gross operating margin | 9900 | €88,812 | €97,587 | +€8,775 | +9.9% |
| Operating profit (loss) | 9901 | €45,604 | €24,123 | -€21,481 | -47.1% |
| Financial income | 75/76B | €21 | €239 | +€218 | +1052.5% |
| Recurring financial income | 75 | €21 | €239 | +€218 | +1052.5% |
| Financial charges | 65/66B | €908 | €9,428 | +€8,520 | +938.6% |
| Recurring financial charges | 65 | €908 | €9,428 | +€8,520 | +938.6% |
| Profit (loss) for the period before taxes | 9903 | €44,717 | €14,933 | -€29,783 | -66.6% |
| Income taxes | 67/77 | €2,816 | €6,780 | +€3,964 | +140.8% |
| Profit (loss) for the period | 9904 | €41,901 | €8,153 | -€33,747 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,901 | €8,153 | -€33,747 | -80.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.