AM CONTROL: 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 CONTROL
Largest movements
- Tangible fixed assets +€39,693
up €39,693 (+493.1%), from €8,050 to €47,743
of which Assets under construction and advance payments: +€30,566
- Receivables within one year -€10,407
down €10,407 (-15.9%), from €65,587 to €55,179
of which Trade receivables: -€13,430
- Stocks and contracts +€4,647
up €4,647 (+104.9%), from €4,428 to €9,074
- Cash -€2,915
down €2,915 (-7.4%), from €39,191 to €36,276
mainly Contributions, distributions and other (-€86,765) and Investment in fixed assets (net) (-€44,648)
- Deferred charges and accrued income -€1,586
down €1,586 (-47.0%), from €3,374 to €1,787
- Profit (loss) carried forward -€36,312
down €36,312 (-99.6%), from €36,453 to €141
- Other debts +€24,200
up €24,200 (+264.3%), from €9,158 to €33,359
- Accrued charges and deferred income +€20,250
up €20,250 (+48.5%), from €41,795 to €62,045
- Current portion of long-term debt +€10,451
up €10,451 (+177.6%), from €5,886 to €16,337
- Tax, wage and social debts +€7,860
up €7,860 (+56.4%), from €13,942 to €21,802
of which Taxes: +€5,497
- Gross operating margin +€68,637
up €68,637 (+71.5%), from €95,976 to €164,612
- Staff costs +€42,802
up €42,802 (+174.3%), from €24,556 to €67,358
- Taxes +€8,016
up €8,016 (+44.0%), from €18,205 to €26,221
- Financial charges +€4,277
up €4,277 (+67.0%), from €6,380 to €10,657
- Depreciation +€2,854
up €2,854 (+155.4%), from €1,837 to €4,691
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 | €121,619 | €151,315 | +€29,696 | +24.4% |
| Fixed assets | 21/28 | €9,040 | €48,998 | +€39,958 | +442.0% |
| Intangible fixed assets | 21 | €722 | €986 | +€264 | +36.6% |
| Tangible fixed assets | 22/27 | €8,050 | €47,743 | +€39,693 | +493.1% |
| Plant, machinery and equipment | 23 | €137 | €33 | -€105 | -76.0% |
| Furniture and vehicles | 24 | €6,727 | €8,411 | +€1,684 | +25.0% |
| Other tangible fixed assets | 26 | €1,185 | €8,733 | +€7,548 | +636.8% |
| Assets under construction and advance payments | 27 | - | €30,566 | +€30,566 | |
| Financial fixed assets | 28 | €268 | €268 | = | 0.0% |
| Current assets | 29/58 | €112,579 | €102,317 | -€10,262 | -9.1% |
| Stocks and contracts in progress | 3 | €4,428 | €9,074 | +€4,647 | +104.9% |
| Stocks | 30/36 | €4,428 | €9,074 | +€4,647 | +104.9% |
| Amounts receivable within one year | 40/41 | €65,587 | €55,179 | -€10,407 | -15.9% |
| Trade receivables | 40 | €64,846 | €51,416 | -€13,430 | -20.7% |
| Other amounts receivable | 41 | €741 | €3,764 | +€3,023 | +407.9% |
| Cash at bank and in hand | 54/58 | €39,191 | €36,276 | -€2,915 | -7.4% |
| Deferred charges and accrued income | 490/1 | €3,374 | €1,787 | -€1,586 | -47.0% |
| Total equity and liabilities | 10/49 | €121,619 | €151,315 | +€29,696 | +24.4% |
| Equity | 10/15 | €38,953 | €2,641 | -€36,312 | -93.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,453 | €141 | -€36,312 | -99.6% |
| Amounts payable | 17/49 | €82,666 | €148,674 | +€66,007 | +79.8% |
| Amounts payable within one year | 42/48 | €40,871 | €86,629 | +€45,758 | +112.0% |
| Current portion of amounts payable after more than one year | 42 | €5,886 | €16,337 | +€10,451 | +177.6% |
| Trade debts | 44 | €11,886 | €15,131 | +€3,246 | +27.3% |
| Suppliers | 440/4 | €11,886 | €15,131 | +€3,246 | +27.3% |
| Taxes, remuneration and social security | 45 | €13,942 | €21,802 | +€7,860 | +56.4% |
| Taxes | 450/3 | €12,945 | €18,442 | +€5,497 | +42.5% |
| Remuneration and social security | 454/9 | €997 | €3,360 | +€2,363 | +236.9% |
| Other amounts payable | 47/48 | €9,158 | €33,359 | +€24,200 | +264.3% |
| Accrued charges and deferred income | 492/3 | €41,795 | €62,045 | +€20,250 | +48.5% |
| Remuneration, social security and pensions | 62 | €24,556 | €67,358 | +€42,802 | +174.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,837 | €4,691 | +€2,854 | +155.4% |
| Other operating charges | 640/8 | €7,158 | €5,243 | -€1,916 | -26.8% |
| Gross operating margin | 9900 | €95,976 | €164,612 | +€68,637 | +71.5% |
| Operating profit (loss) | 9901 | €62,424 | €87,321 | +€24,897 | +39.9% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €6,380 | €10,657 | +€4,277 | +67.0% |
| Recurring financial charges | 65 | €6,380 | €10,657 | +€4,277 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €56,045 | €76,674 | +€20,630 | +36.8% |
| Income taxes | 67/77 | €18,205 | €26,221 | +€8,016 | +44.0% |
| Profit (loss) for the period | 9904 | €37,840 | €50,453 | +€12,613 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,840 | €50,453 | +€12,613 | +33.3% |
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 9 October 2026 via checked.be.