AM Consulting: 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 Consulting
Largest movements
- Receivables after one year +€130,379
up €130,379 (+15.6%), from €836,641 to €967,020
- Receivables within one year +€91,094
up €91,094 (+415%), from €21,942 to €113,036
of which Other amounts receivable: +€92,968
- Financial fixed assets -€49,028
down €49,028 (-6.4%), from €764,442 to €715,414
- Other debts +€329,381
up €329,381 (+21,920%), from €1,503 to €330,883
- Reserves -€126,567
down €126,567 (-12.7%), from €998,146 to €871,579
- Debts after one year -€63,586
down €63,586 (-27.4%), from €231,711 to €168,125
- Tax, wage and social debts +€39,217
up €39,217 (+80.6%), from €48,653 to €87,871
of which Taxes: +€39,144
- Gross operating margin -€75,602
down €75,602 (-13.3%), from €570,006 to €494,404
- Taxes -€25,782
down €25,782 (-17.8%), from €144,898 to €119,116
- Financial income +€9,994
up €9,994 (+32.1%), from €31,148 to €41,143
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 | €1,676,294 | €1,857,375 | +€181,081 | +10.8% |
| Fixed assets | 21/28 | €768,342 | €717,993 | -€50,349 | -6.6% |
| Tangible fixed assets | 22/27 | €3,900 | €2,579 | -€1,321 | -33.9% |
| Land and buildings | 22 | €2,924 | €1,994 | -€930 | -31.8% |
| Furniture and vehicles | 24 | €977 | €585 | -€391 | -40.1% |
| Financial fixed assets | 28 | €764,442 | €715,414 | -€49,028 | -6.4% |
| Current assets | 29/58 | €907,952 | €1,139,383 | +€231,431 | +25.5% |
| Amounts receivable after more than one year | 29 | €836,641 | €967,020 | +€130,379 | +15.6% |
| Other amounts receivable | 291 | €836,641 | €967,020 | +€130,379 | +15.6% |
| Amounts receivable within one year | 40/41 | €21,942 | €113,036 | +€91,094 | +415% |
| Trade receivables | 40 | €21,942 | €20,068 | -€1,873 | -8.5% |
| Other amounts receivable | 41 | - | €92,968 | +€92,968 | |
| Cash at bank and in hand | 54/58 | €39,488 | €42,783 | +€3,294 | +8.3% |
| Deferred charges and accrued income | 490/1 | €9,881 | €16,544 | +€6,663 | +67.4% |
| Total equity and liabilities | 10/49 | €1,676,294 | €1,857,375 | +€181,081 | +10.8% |
| Equity | 10/15 | €1,016,746 | €890,179 | -€126,567 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €998,146 | €871,579 | -€126,567 | -12.7% |
| Distributable reserves | 133 | €998,146 | €871,579 | -€126,567 | -12.7% |
| Amounts payable | 17/49 | €659,548 | €967,196 | +€307,648 | +46.6% |
| Amounts payable after more than one year | 17 | €231,711 | €168,125 | -€63,586 | -27.4% |
| Financial debts | 170/4 | €231,711 | €168,125 | -€63,586 | -27.4% |
| Amounts payable within one year | 42/48 | €420,301 | €792,176 | +€371,875 | +88.5% |
| Financial debts | 43 | €368,382 | €369,639 | +€1,257 | +0.3% |
| Credit institutions | 430/8 | €368,382 | €369,639 | +€1,257 | +0.3% |
| Trade debts | 44 | €1,763 | €3,783 | +€2,020 | +115% |
| Suppliers | 440/4 | €1,763 | €3,783 | +€2,020 | +115% |
| Taxes, remuneration and social security | 45 | €48,653 | €87,871 | +€39,217 | +80.6% |
| Taxes | 450/3 | €46,667 | €85,810 | +€39,144 | +83.9% |
| Remuneration and social security | 454/9 | €1,986 | €2,060 | +€74 | +3.7% |
| Other amounts payable | 47/48 | €1,503 | €330,883 | +€329,381 | +21,920% |
| Accrued charges and deferred income | 492/3 | €7,536 | €6,895 | -€641 | -8.5% |
| Non-recurring operating income | 76A | - | €42,056 | +€42,056 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €1,321 | +€194 | +17.2% |
| Other operating charges | 640/8 | €1,131 | €1,196 | +€66 | +5.8% |
| Gross operating margin | 9900 | €570,006 | €494,404 | -€75,602 | -13.3% |
| Operating profit (loss) | 9901 | €567,748 | €491,886 | -€75,862 | -13.4% |
| Financial income | 75/76B | €31,148 | €41,143 | +€9,994 | +32.1% |
| Recurring financial income | 75 | €31,148 | €41,143 | +€9,994 | +32.1% |
| Financial charges | 65/66B | €25,163 | €20,479 | -€4,684 | -18.6% |
| Recurring financial charges | 65 | €25,163 | €20,479 | -€4,684 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €573,733 | €512,549 | -€61,184 | -10.7% |
| Income taxes | 67/77 | €144,898 | €119,116 | -€25,782 | -17.8% |
| Profit (loss) for the period | 9904 | €428,835 | €393,433 | -€35,402 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €428,835 | €393,433 | -€35,402 | -8.3% |
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 15 October 2026 via checked.be.