AM Constructions: 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 Constructions
Largest movements
- Cash -€60,526
down €60,526 (-39.9%), from €151,746 to €91,220
mainly Investment in fixed assets (net) (-€45,600) and Net result for the year (-€42,481)
- Tangible fixed assets +€33,688
up €33,688 (+285.4%), from €11,805 to €45,493
of which Furniture and vehicles: +€34,771
- Stocks and contracts -€23,564
down €23,564 (-44.9%), from €52,507 to €28,943
- Profit (loss) carried forward -€42,482
down €42,482, from €2,632 to -€39,850
- Trade debts -€11,790
down €11,790 (-29.3%), from €40,300 to €28,510
- Other debts +€9,033
up €9,033 (+4.7%), from €193,043 to €202,076
- Gross operating margin -€26,908
down €26,908 (-68.1%), from €39,529 to €12,621
- Depreciation +€7,974
up €7,974 (+202.5%), from €3,938 to €11,912
- Other operating charges +€3,858
up €3,858 (+125.7%), from €3,070 to €6,928
- Staff costs +€2,370
up €2,370 (+7.1%), from €33,501 to €35,871
- Taxes -€1,197
no longer reported in 2025 (was €1,197)
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 | €279,306 | €232,285 | -€47,021 | -16.8% |
| Fixed assets | 21/28 | €11,880 | €45,568 | +€33,688 | +283.6% |
| Tangible fixed assets | 22/27 | €11,805 | €45,493 | +€33,688 | +285.4% |
| Plant, machinery and equipment | 23 | €1,110 | €686 | -€424 | -38.2% |
| Furniture and vehicles | 24 | €3,502 | €38,273 | +€34,771 | +992.9% |
| Other tangible fixed assets | 26 | €7,193 | €6,534 | -€659 | -9.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €267,426 | €186,717 | -€80,709 | -30.2% |
| Stocks and contracts in progress | 3 | €52,507 | €28,943 | -€23,564 | -44.9% |
| Stocks | 30/36 | €52,507 | €28,943 | -€23,564 | -44.9% |
| Amounts receivable within one year | 40/41 | €59,158 | €61,653 | +€2,495 | +4.2% |
| Trade receivables | 40 | €48,726 | €52,842 | +€4,116 | +8.4% |
| Other amounts receivable | 41 | €10,432 | €8,811 | -€1,621 | -15.5% |
| Cash at bank and in hand | 54/58 | €151,746 | €91,220 | -€60,526 | -39.9% |
| Deferred charges and accrued income | 490/1 | €4,015 | €4,901 | +€886 | +22.1% |
| Total equity and liabilities | 10/49 | €279,306 | €232,285 | -€47,021 | -16.8% |
| Equity | 10/15 | €34,314 | -€8,168 | -€42,482 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,082 | €13,082 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,222 | €11,222 | = | 0.0% |
| Other | 1319 | €11,222 | €11,222 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,632 | -€39,850 | -€42,482 | |
| Amounts payable | 17/49 | €244,992 | €240,453 | -€4,539 | -1.9% |
| Amounts payable within one year | 42/48 | €244,992 | €240,453 | -€4,539 | -1.9% |
| Trade debts | 44 | €40,300 | €28,510 | -€11,790 | -29.3% |
| Suppliers | 440/4 | €40,300 | €28,510 | -€11,790 | -29.3% |
| Taxes, remuneration and social security | 45 | €11,649 | €9,867 | -€1,782 | -15.3% |
| Taxes | 450/3 | €1,197 | - | -€1,197 | |
| Remuneration and social security | 454/9 | €10,452 | €9,867 | -€585 | -5.6% |
| Other amounts payable | 47/48 | €193,043 | €202,076 | +€9,033 | +4.7% |
| Non-recurring operating income | 76A | - | €2,750 | +€2,750 | |
| Remuneration, social security and pensions | 62 | €33,501 | €35,871 | +€2,370 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,938 | €11,912 | +€7,974 | +202.5% |
| Other operating charges | 640/8 | €3,070 | €6,928 | +€3,858 | +125.7% |
| Gross operating margin | 9900 | €39,529 | €12,621 | -€26,908 | -68.1% |
| Operating profit (loss) | 9901 | -€980 | -€42,090 | -€41,110 | -4194.9% |
| Financial charges | 65/66B | €617 | €391 | -€226 | -36.6% |
| Recurring financial charges | 65 | €617 | €391 | -€226 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,597 | -€42,481 | -€40,884 | -2560.1% |
| Income taxes | 67/77 | €1,197 | - | -€1,197 | |
| Profit (loss) for the period | 9904 | -€2,794 | -€42,481 | -€39,687 | -1420.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,794 | -€42,481 | -€39,687 | -1420.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.