AM Cycling: 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 Cycling
Largest movements
- Cash +€253,384
up €253,384 (+77.3%), from €327,666 to €581,050
mainly Trade debts (+€241,093) and Net result for the year (+€64,878)
- Receivables within one year +€24,794
up €24,794 (+8.0%), from €311,646 to €336,440
of which Other amounts receivable: +€132,751
- Trade debts +€241,093
up €241,093 (+121%), from €198,563 to €439,656
- Profit (loss) carried forward +€64,878
up €64,878, from -€10,815 to €54,063
- Accrued charges and deferred income -€55,803
down €55,803 (-12.7%), from €438,802 to €382,999
- Tax, wage and social debts +€33,535
up €33,535 (+477%), from €7,025 to €40,560
- Gross operating margin +€106,169
up €106,169 (+1,025%), from €10,356 to €116,525
- Taxes +€23,535
up €23,535 (+168%), from €14,025 to €37,560
- Financial charges +€10,974
up €10,974 (+260%), from €4,223 to €15,197
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.
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 | €643,561 | €920,711 | +€277,150 | +43.1% |
| Fixed assets | 21/28 | €4,249 | €3,221 | -€1,028 | -24.2% |
| Tangible fixed assets | 22/27 | €4,249 | €3,221 | -€1,028 | -24.2% |
| Furniture and vehicles | 24 | €4,249 | €3,221 | -€1,028 | -24.2% |
| Current assets | 29/58 | €639,312 | €917,490 | +€278,178 | +43.5% |
| Amounts receivable within one year | 40/41 | €311,646 | €336,440 | +€24,794 | +8.0% |
| Trade receivables | 40 | €284,234 | €176,277 | -€107,957 | -38.0% |
| Other amounts receivable | 41 | €27,412 | €160,164 | +€132,751 | +484% |
| Cash at bank and in hand | 54/58 | €327,666 | €581,050 | +€253,384 | +77.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €643,561 | €920,711 | +€277,150 | +43.1% |
| Equity | 10/15 | -€7,815 | €57,063 | +€64,878 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,815 | €54,063 | +€64,878 | |
| Amounts payable | 17/49 | €651,376 | €863,648 | +€212,272 | +32.6% |
| Amounts payable within one year | 42/48 | €212,574 | €480,649 | +€268,075 | +126% |
| Trade debts | 44 | €198,563 | €439,656 | +€241,093 | +121% |
| Suppliers | 440/4 | €198,563 | €439,656 | +€241,093 | +121% |
| Taxes, remuneration and social security | 45 | €7,025 | €40,560 | +€33,535 | +477% |
| Taxes | 450/3 | €7,025 | €40,560 | +€33,535 | +477% |
| Other amounts payable | 47/48 | €6,985 | €432 | -€6,552 | -93.8% |
| Accrued charges and deferred income | 492/3 | €438,802 | €382,999 | -€55,803 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €890 | €1,028 | +€138 | +15.5% |
| Other operating charges | 640/8 | €509 | €456 | -€53 | -10.4% |
| Gross operating margin | 9900 | €10,356 | €116,525 | +€106,169 | +1,025% |
| Operating profit (loss) | 9901 | €8,957 | €115,041 | +€106,084 | +1,184% |
| Financial income | 75/76B | €3,004 | €2,594 | -€410 | -13.7% |
| Recurring financial income | 75 | €3,004 | €2,594 | -€410 | -13.7% |
| Financial charges | 65/66B | €4,223 | €15,197 | +€10,974 | +260% |
| Recurring financial charges | 65 | €4,223 | €15,197 | +€10,974 | +260% |
| Profit (loss) for the period before taxes | 9903 | €7,738 | €102,438 | +€94,700 | +1,224% |
| Income taxes | 67/77 | €14,025 | €37,560 | +€23,535 | +168% |
| Profit (loss) for the period | 9904 | -€6,287 | €64,878 | +€71,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,287 | €64,878 | +€71,165 |
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 23 October 2026 via checked.be.