AM EXPERT BLINDS: what changed
AM EXPERT BLINDS
Largest movements
- Tangible fixed assets +€116,972
up €116,972 (+86.9%), from €134,528 to €251,500
of which Plant, machinery and equipment: +€114,877
- Receivables within one year +€27,826
up €27,826 (+19.1%), from €146,035 to €173,861
- Cash +€22,616
up €22,616 (+25.6%), from €88,353 to €110,969
mainly Trade debts (+€210,101) and Debts after one year (+€71,767)
- Deferred charges and accrued income +€13,062
up €13,062 (+3,293%), from €397 to €13,459
- Financial fixed assets +€11,430
up €11,430 (+2,810%), from €407 to €11,837
- Trade debts +€210,101
up €210,101 (+135%), from €156,085 to €366,186
- Profit (loss) carried forward -€111,306
down €111,306, from €78,220 to -€33,086
- Debts after one year +€71,767
up €71,767 (+75.9%), from €94,493 to €166,260
- Current portion of long-term debt +€26,552
up €26,552 (+104%), from €25,532 to €52,084
- Gross operating margin -€85,788
down €85,788 (-21.8%), from €394,421 to €308,633
- Staff costs +€58,400
up €58,400 (+20.8%), from €281,424 to €339,824
- Depreciation +€41,599
up €41,599 (+156%), from €26,725 to €68,324
- Taxes -€14,611
down €14,611 (-99.1%), from €14,751 to €140
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,719 | €561,625 | +€191,906 | +51.9% |
| Fixed assets | 21/28 | €134,935 | €263,337 | +€128,402 | +95.2% |
| Tangible fixed assets | 22/27 | €134,528 | €251,500 | +€116,972 | +86.9% |
| Plant, machinery and equipment | 23 | €9,973 | €124,850 | +€114,877 | +1,152% |
| Furniture and vehicles | 24 | €124,555 | €126,650 | +€2,095 | +1.7% |
| Financial fixed assets | 28 | €407 | €11,837 | +€11,430 | +2,810% |
| Current assets | 29/58 | €234,784 | €298,289 | +€63,504 | +27.0% |
| Amounts receivable within one year | 40/41 | €146,035 | €173,861 | +€27,826 | +19.1% |
| Trade receivables | 40 | €146,035 | €173,861 | +€27,826 | +19.1% |
| Cash at bank and in hand | 54/58 | €88,353 | €110,969 | +€22,616 | +25.6% |
| Deferred charges and accrued income | 490/1 | €397 | €13,459 | +€13,062 | +3,293% |
| Total equity and liabilities | 10/49 | €369,719 | €561,625 | +€191,906 | +51.9% |
| Equity | 10/15 | €88,220 | -€23,086 | -€111,306 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,220 | -€33,086 | -€111,306 | |
| Amounts payable | 17/49 | €281,500 | €584,711 | +€303,211 | +108% |
| Amounts payable after more than one year | 17 | €94,493 | €166,260 | +€71,767 | +75.9% |
| Financial debts | 170/4 | €94,493 | €166,260 | +€71,767 | +75.9% |
| Amounts payable within one year | 42/48 | €187,007 | €418,451 | +€231,445 | +124% |
| Current portion of amounts payable after more than one year | 42 | €25,532 | €52,084 | +€26,552 | +104% |
| Trade debts | 44 | €156,085 | €366,186 | +€210,101 | +135% |
| Suppliers | 440/4 | €156,085 | €366,186 | +€210,101 | +135% |
| Taxes, remuneration and social security | 45 | €5,390 | €181 | -€5,209 | -96.6% |
| Taxes | 450/3 | €5,390 | €181 | -€5,209 | -96.6% |
| Non-recurring operating income | 76A | - | €476 | +€476 | |
| Remuneration, social security and pensions | 62 | €281,424 | €339,824 | +€58,400 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,725 | €68,324 | +€41,599 | +156% |
| Other operating charges | 640/8 | €2,279 | €4,349 | +€2,070 | +90.9% |
| Non-recurring operating charges | 66A | - | €953 | +€953 | |
| Gross operating margin | 9900 | €394,421 | €308,633 | -€85,788 | -21.8% |
| Operating profit (loss) | 9901 | €83,993 | -€104,818 | -€188,811 | |
| Financial income | 75/76B | €38 | €145 | +€107 | +285% |
| Recurring financial income | 75 | €38 | €145 | +€107 | +285% |
| Financial charges | 65/66B | €3,299 | €6,493 | +€3,194 | +96.8% |
| Recurring financial charges | 65 | €3,299 | €6,493 | +€3,194 | +96.8% |
| Profit (loss) for the period before taxes | 9903 | €80,731 | -€111,166 | -€191,897 | |
| Income taxes | 67/77 | €14,751 | €140 | -€14,611 | -99.1% |
| Profit (loss) for the period | 9904 | €65,980 | -€111,306 | -€177,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,980 | -€111,306 | -€177,286 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.