AM EXPERT CLIMA: 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 EXPERT CLIMA
Largest movements
- Receivables within one year +€917,560
up €917,560 (+128%), from €715,106 to €1.6m
of which Trade receivables: +€937,753
- Tangible fixed assets +€255,644
up €255,644 (+156%), from €164,152 to €419,796
of which Land and buildings: +€224,772
- Stocks and contracts -€61,416
down €61,416 (-100%), from €61,416 to €0
- Cash -€52,276
down €52,276 (-48.3%), from €108,317 to €56,041
mainly Receivables within one year (-€917,560) and Investment in fixed assets (net) (-€312,179)
- Trade debts +€700,626
up €700,626 (+98.6%), from €710,558 to €1.4m
- Debts after one year +€307,350
up €307,350 (+274%), from €112,245 to €419,595
- Other debts +€60,896
up €60,896 (+108%), from €56,211 to €117,108
- Tax, wage and social debts -€56,431
down €56,431 (-97.5%), from €57,863 to €1,432
of which Remuneration and social security: -€33,145
- Profit (loss) carried forward +€21,724
up €21,724 (+41.0%), from €52,938 to €74,662
- Gross operating margin -€151,075
down €151,075 (-54.9%), from €274,999 to €123,924
- Staff costs -€147,772
down €147,772 (-88.1%), from €167,818 to €20,046
- Depreciation +€26,306
up €26,306 (+87.0%), from €30,230 to €56,535
- Taxes -€16,873
down €16,873 (-93.7%), from €18,000 to €1,127
- Financial charges +€9,902
up €9,902 (+229%), from €4,320 to €14,222
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 | €1,122,856 | €2,170,968 | +€1.0m | +93.3% |
| Fixed assets | 21/28 | €167,152 | €422,796 | +€255,644 | +153% |
| Tangible fixed assets | 22/27 | €164,152 | €419,796 | +€255,644 | +156% |
| Land and buildings | 22 | - | €224,772 | +€224,772 | |
| Furniture and vehicles | 24 | €164,152 | €195,024 | +€30,872 | +18.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €955,704 | €1,748,172 | +€792,468 | +82.9% |
| Stocks and contracts in progress | 3 | €61,416 | €0 | -€61,416 | -100% |
| Stocks | 30/36 | €61,416 | €0 | -€61,416 | -100% |
| Amounts receivable within one year | 40/41 | €715,106 | €1,632,666 | +€917,560 | +128% |
| Trade receivables | 40 | €487,081 | €1,424,834 | +€937,753 | +193% |
| Other amounts receivable | 41 | €228,025 | €207,832 | -€20,192 | -8.9% |
| Cash at bank and in hand | 54/58 | €108,317 | €56,041 | -€52,276 | -48.3% |
| Deferred charges and accrued income | 490/1 | €70,865 | €59,465 | -€11,400 | -16.1% |
| Total equity and liabilities | 10/49 | €1,122,856 | €2,170,968 | +€1.0m | +93.3% |
| Equity | 10/15 | €152,938 | €174,662 | +€21,724 | +14.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Other | 1109/19 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,938 | €74,662 | +€21,724 | +41.0% |
| Amounts payable | 17/49 | €969,918 | €1,996,306 | +€1.0m | +106% |
| Amounts payable after more than one year | 17 | €112,245 | €419,595 | +€307,350 | +274% |
| Financial debts | 170/4 | €112,245 | €419,595 | +€307,350 | +274% |
| Amounts payable within one year | 42/48 | €857,673 | €1,576,711 | +€719,038 | +83.8% |
| Current portion of amounts payable after more than one year | 42 | €33,041 | €46,987 | +€13,946 | +42.2% |
| Trade debts | 44 | €710,558 | €1,411,184 | +€700,626 | +98.6% |
| Suppliers | 440/4 | €710,558 | €1,411,184 | +€700,626 | +98.6% |
| Taxes, remuneration and social security | 45 | €57,863 | €1,432 | -€56,431 | -97.5% |
| Taxes | 450/3 | €23,286 | €0 | -€23,286 | -100% |
| Remuneration and social security | 454/9 | €34,577 | €1,432 | -€33,145 | -95.9% |
| Other amounts payable | 47/48 | €56,211 | €117,108 | +€60,896 | +108% |
| Remuneration, social security and pensions | 62 | €167,818 | €20,046 | -€147,772 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,230 | €56,535 | +€26,306 | +87.0% |
| Other operating charges | 640/8 | €1,694 | €11,316 | +€9,622 | +568% |
| Gross operating margin | 9900 | €274,999 | €123,924 | -€151,075 | -54.9% |
| Operating profit (loss) | 9901 | €75,258 | €36,027 | -€39,231 | -52.1% |
| Financial income | 75/76B | - | €1,046 | +€1,046 | |
| Recurring financial income | 75 | - | €1,046 | +€1,046 | |
| Financial charges | 65/66B | €4,320 | €14,222 | +€9,902 | +229% |
| Recurring financial charges | 65 | €4,320 | €14,222 | +€9,902 | +229% |
| Profit (loss) for the period before taxes | 9903 | €70,938 | €22,851 | -€48,087 | -67.8% |
| Income taxes | 67/77 | €18,000 | €1,127 | -€16,873 | -93.7% |
| Profit (loss) for the period | 9904 | €52,938 | €21,724 | -€31,214 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,938 | €21,724 | -€31,214 | -59.0% |
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 21 October 2026 via checked.be.