AM&ER: what changed
Two fiscal 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&ER
Largest movements
- Receivables within one year +€92,750
up €92,750 (+616.4%), from €15,046 to €107,797
of which Trade receivables: +€89,918
- Stocks and contracts +€48,773
up €48,773 (+168.7%), from €28,917 to €77,689
- Cash -€7,668
down €7,668 (-31.7%), from €24,179 to €16,511
- Trade debts +€129,714
up €129,714 (+1190.7%), from €10,894 to €140,608
- Profit (loss) carried forward +€14,338
up €14,338 (+40.2%), from €35,636 to €49,974
- Tax, wage and social debts -€8,412
down €8,412 (-47.5%), from €17,709 to €9,297
of which Taxes: -€8,317
- Purchases and services +€280,707
up €280,707 (+48.1%), from €584,072 to €864,779
- Turnover +€272,323
up €272,323 (+42.9%), from €634,204 to €906,527
- Gross operating margin -€9,589
down €9,589 (-18.6%), from €51,577 to €41,989
From the 2021 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,240 | €205,880 | +€135,640 | +193.1% |
| Fixed assets | 21/28 | €2,098 | €3,883 | +€1,785 | +85.1% |
| Tangible fixed assets | 22/27 | €2,098 | €3,883 | +€1,785 | +85.1% |
| Furniture and vehicles | 24 | €2,098 | €822 | -€1,276 | -60.8% |
| Other tangible fixed assets | 26 | - | €3,061 | +€3,061 | |
| Current assets | 29/58 | €68,142 | €201,997 | +€133,855 | +196.4% |
| Stocks and contracts in progress | 3 | €28,917 | €77,689 | +€48,773 | +168.7% |
| Stocks | 30/36 | €28,917 | €77,689 | +€48,773 | +168.7% |
| Amounts receivable within one year | 40/41 | €15,046 | €107,797 | +€92,750 | +616.4% |
| Trade receivables | 40 | €15,000 | €104,918 | +€89,918 | +599.5% |
| Other amounts receivable | 41 | €46 | €2,879 | +€2,833 | +6118.1% |
| Cash at bank and in hand | 54/58 | €24,179 | €16,511 | -€7,668 | -31.7% |
| Total equity and liabilities | 10/49 | €70,240 | €205,880 | +€135,640 | +193.1% |
| Equity | 10/15 | €41,636 | €55,974 | +€14,338 | +34.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,636 | €49,974 | +€14,338 | +40.2% |
| Amounts payable | 17/49 | €28,604 | €149,906 | +€121,302 | +424.1% |
| Amounts payable within one year | 42/48 | €28,604 | €149,906 | +€121,302 | +424.1% |
| Trade debts | 44 | €10,894 | €140,608 | +€129,714 | +1190.7% |
| Suppliers | 440/4 | €10,894 | €140,608 | +€129,714 | +1190.7% |
| Taxes, remuneration and social security | 45 | €17,709 | €9,297 | -€8,412 | -47.5% |
| Taxes | 450/3 | €14,771 | €6,454 | -€8,317 | -56.3% |
| Remuneration and social security | 454/9 | €2,938 | €2,844 | -€95 | -3.2% |
| Turnover | 70 | €634,204 | €906,527 | +€272,323 | +42.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €584,072 | €864,779 | +€280,707 | +48.1% |
| Remuneration, social security and pensions | 62 | €4,813 | €5,592 | +€779 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €638 | €1,464 | +€826 | +129.5% |
| Other operating charges | 640/8 | €2,350 | €790 | -€1,560 | -66.4% |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Gross operating margin | 9900 | €51,577 | €41,989 | -€9,589 | -18.6% |
| Operating profit (loss) | 9901 | €40,777 | €34,142 | -€6,635 | -16.3% |
| Financial income | 75/76B | - | €381 | +€381 | |
| Recurring financial income | 75 | - | €381 | +€381 | |
| Financial charges | 65/66B | €2,153 | €4,343 | +€2,190 | +101.7% |
| Recurring financial charges | 65 | €2,153 | €4,343 | +€2,190 | +101.7% |
| Profit (loss) for the period before taxes | 9903 | €38,624 | €30,180 | -€8,444 | -21.9% |
| Income taxes | 67/77 | €9,761 | €17,012 | +€7,251 | +74.3% |
| Profit (loss) for the period | 9904 | €28,863 | €13,168 | -€15,694 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,863 | €13,168 | -€15,694 | -54.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.