AM Development: 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 Development
Largest movements
- Cash -€7,504
down €7,504 (-80.7%), from €9,294 to €1,789
mainly Net result for the year (-€14,478) and Tax, wage and social debts (-€7,312)
- Intangible fixed assets -€7,333
down €7,333 (-50.0%), from €14,667 to €7,333
- Receivables within one year -€6,460
down €6,460 (-29.9%), from €21,572 to €15,112
of which Trade receivables: -€16,537
- Tangible fixed assets +€1,691
up €1,691 (+88.7%), from €1,907 to €3,598
of which Furniture and vehicles: +€1,954
- Deferred charges and accrued income -€500
down €500 (-100%), from €500 to €0
- Profit (loss) carried forward -€14,478
down €14,478, from €5,121 to -€9,357
- Tax, wage and social debts -€7,312
down €7,312 (-84.5%), from €8,649 to €1,337
of which Taxes: -€6,312
- Short-term financial debts +€2,476
up €2,476 (+101%), from €2,444 to €4,920
- Other debts -€1,150
down €1,150 (-60.1%), from €1,915 to €765
- Gross operating margin -€17,726
down €17,726, from €13,366 to -€4,360
- Taxes -€1,337
down €1,337 (-100%), from €1,337 to €0
- Other operating charges +€740
up €740 (+1,160%), from €64 to €804
- Financial charges -€139
down €139 (-24.1%), from €579 to €440
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 | €48,035 | €27,928 | -€20,107 | -41.9% |
| Fixed assets | 21/28 | €16,669 | €11,027 | -€5,642 | -33.8% |
| Intangible fixed assets | 21 | €14,667 | €7,333 | -€7,333 | -50.0% |
| Tangible fixed assets | 22/27 | €1,907 | €3,598 | +€1,691 | +88.7% |
| Furniture and vehicles | 24 | €1,630 | €3,584 | +€1,954 | +120% |
| Other tangible fixed assets | 26 | €277 | €14 | -€263 | -94.8% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €31,366 | €16,901 | -€14,465 | -46.1% |
| Amounts receivable within one year | 40/41 | €21,572 | €15,112 | -€6,460 | -29.9% |
| Trade receivables | 40 | €16,537 | €0 | -€16,537 | -100% |
| Other amounts receivable | 41 | €5,035 | €15,112 | +€10,077 | +200% |
| Cash at bank and in hand | 54/58 | €9,294 | €1,789 | -€7,504 | -80.7% |
| Deferred charges and accrued income | 490/1 | €500 | €0 | -€500 | -100% |
| Total equity and liabilities | 10/49 | €48,035 | €27,928 | -€20,107 | -41.9% |
| Equity | 10/15 | €33,181 | €18,703 | -€14,478 | -43.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,121 | -€9,357 | -€14,478 | |
| Amounts payable | 17/49 | €14,853 | €9,225 | -€5,628 | -37.9% |
| Amounts payable within one year | 42/48 | €14,853 | €9,225 | -€5,628 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,444 | €4,920 | +€2,476 | +101% |
| Credit institutions | 430/8 | €2,444 | €4,920 | +€2,476 | +101% |
| Trade debts | 44 | €1,845 | €2,202 | +€357 | +19.3% |
| Suppliers | 440/4 | €1,845 | €2,202 | +€357 | +19.3% |
| Taxes, remuneration and social security | 45 | €8,649 | €1,337 | -€7,312 | -84.5% |
| Taxes | 450/3 | €7,649 | €1,337 | -€6,312 | -82.5% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts payable | 47/48 | €1,915 | €765 | -€1,150 | -60.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,928 | €8,875 | -€53 | -0.6% |
| Other operating charges | 640/8 | €64 | €804 | +€740 | +1,160% |
| Gross operating margin | 9900 | €13,366 | -€4,360 | -€17,726 | |
| Operating profit (loss) | 9901 | €4,375 | -€14,039 | -€18,414 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +4,600% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +4,600% |
| Financial charges | 65/66B | €579 | €440 | -€139 | -24.1% |
| Recurring financial charges | 65 | €579 | €440 | -€139 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €3,795 | -€14,478 | -€18,274 | |
| Income taxes | 67/77 | €1,337 | €0 | -€1,337 | -100% |
| Profit (loss) for the period | 9904 | €2,458 | -€14,478 | -€16,936 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,458 | -€14,478 | -€16,936 |
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 21 October 2026 via checked.be.