AM DESIGN & BUILD: 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 DESIGN & BUILD
Largest movements
- Receivables within one year +€117,399
up €117,399 (+55.0%), from €213,610 to €331,009
of which Trade receivables: +€170,275
- Cash -€35,593
down €35,593 (-53.4%), from €66,606 to €31,012
mainly Receivables within one year (-€117,399) and Short-term financial debts (-€46,728)
- Deferred charges and accrued income -€20,155
down €20,155 (-81.1%), from €24,856 to €4,702
- Intangible fixed assets +€11,837
new in 2025: €11,837
- Stocks and contracts +€8,544
up €8,544 (+14.8%), from €57,770 to €66,314
- Debts after one year +€125,000
new in 2025: €125,000
- Short-term financial debts -€46,728
down €46,728 (-93.5%), from €50,000 to €3,272
- Other debts -€31,871
down €31,871 (-99.4%), from €32,071 to €200
- Profit (loss) carried forward +€25,357
up €25,357 (+21.7%), from €117,074 to €142,430
- Tax, wage and social debts +€8,617
up €8,617 (+23.6%), from €36,462 to €45,079
of which Remuneration and social security: +€4,969
- Gross operating margin +€28,429
up €28,429 (+24.2%), from €117,348 to €145,777
- Financial charges +€10,203
up €10,203 (+3,179%), from €321 to €10,524
- Depreciation +€3,449
new in 2025: €3,449
- Staff costs -€3,161
down €3,161 (-3.4%), from €93,191 to €90,030
- Taxes -€1,637
down €1,637 (-27.2%), from €6,024 to €4,388
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 | €364,642 | €447,783 | +€83,141 | +22.8% |
| Fixed assets | 21/28 | €1,800 | €14,747 | +€12,947 | +719% |
| Intangible fixed assets | 21 | - | €11,837 | +€11,837 | |
| Tangible fixed assets | 22/27 | - | €1,110 | +€1,110 | |
| Furniture and vehicles | 24 | - | €1,110 | +€1,110 | |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €362,842 | €433,037 | +€70,195 | +19.3% |
| Stocks and contracts in progress | 3 | €57,770 | €66,314 | +€8,544 | +14.8% |
| Stocks | 30/36 | €57,770 | €66,314 | +€8,544 | +14.8% |
| Amounts receivable within one year | 40/41 | €213,610 | €331,009 | +€117,399 | +55.0% |
| Trade receivables | 40 | €70,312 | €240,587 | +€170,275 | +242% |
| Other amounts receivable | 41 | €143,298 | €90,422 | -€52,876 | -36.9% |
| Cash at bank and in hand | 54/58 | €66,606 | €31,012 | -€35,593 | -53.4% |
| Deferred charges and accrued income | 490/1 | €24,856 | €4,702 | -€20,155 | -81.1% |
| Total equity and liabilities | 10/49 | €364,642 | €447,783 | +€83,141 | +22.8% |
| Equity | 10/15 | €122,074 | €147,430 | +€25,357 | +20.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,074 | €142,430 | +€25,357 | +21.7% |
| Amounts payable | 17/49 | €242,568 | €300,353 | +€57,785 | +23.8% |
| Amounts payable after more than one year | 17 | - | €125,000 | +€125,000 | |
| Financial debts | 170/4 | - | €125,000 | +€125,000 | |
| Amounts payable within one year | 42/48 | €242,568 | €175,353 | -€67,215 | -27.7% |
| Financial debts | 43 | €50,000 | €3,272 | -€46,728 | -93.5% |
| Credit institutions | 430/8 | €50,000 | €3,272 | -€46,728 | -93.5% |
| Trade debts | 44 | €124,035 | €126,802 | +€2,768 | +2.2% |
| Suppliers | 440/4 | €124,035 | €126,802 | +€2,768 | +2.2% |
| Taxes, remuneration and social security | 45 | €36,462 | €45,079 | +€8,617 | +23.6% |
| Taxes | 450/3 | €26,218 | €29,866 | +€3,648 | +13.9% |
| Remuneration and social security | 454/9 | €10,244 | €15,213 | +€4,969 | +48.5% |
| Other amounts payable | 47/48 | €32,071 | €200 | -€31,871 | -99.4% |
| Non-recurring operating income | 76A | - | €952 | +€952 | |
| Remuneration, social security and pensions | 62 | €93,191 | €90,030 | -€3,161 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,449 | +€3,449 | |
| Other operating charges | 640/8 | €3,072 | €4,364 | +€1,293 | +42.1% |
| Non-recurring operating charges | 66A | - | €7,735 | +€7,735 | |
| Gross operating margin | 9900 | €117,348 | €145,777 | +€28,429 | +24.2% |
| Operating profit (loss) | 9901 | €21,085 | €40,197 | +€19,112 | +90.6% |
| Financial income | 75/76B | €3 | €71 | +€68 | +2,096% |
| Recurring financial income | 75 | €3 | €71 | +€68 | +2,096% |
| Financial charges | 65/66B | €321 | €10,524 | +€10,203 | +3,179% |
| Recurring financial charges | 65 | €321 | €10,524 | +€10,203 | +3,179% |
| Profit (loss) for the period before taxes | 9903 | €20,767 | €29,744 | +€8,977 | +43.2% |
| Income taxes | 67/77 | €6,024 | €4,388 | -€1,637 | -27.2% |
| Profit (loss) for the period | 9904 | €14,743 | €25,357 | +€10,614 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,743 | €25,357 | +€10,614 | +72.0% |
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 30 October 2026 via checked.be.