AM-Flow: 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-Flow
Largest movements
- Tangible fixed assets +€21,915
up €21,915 (+146.7%), from €14,944 to €36,859
of which Land and buildings: +€24,543
- Receivables within one year +€13,989
up €13,989 (+107.3%), from €13,042 to €27,031
of which Trade receivables: +€16,025
- Cash -€2,350
down €2,350 (-6.8%), from €34,721 to €32,370
mainly Investment in fixed assets (net) (-€29,799) and Receivables within one year (-€13,989)
- Reserves +€26,455
up €26,455 (+100.2%), from €26,389 to €52,844
- Debts after one year +€9,434
up €9,434 (+233.7%), from €4,036 to €13,471
- Trade debts -€8,271
no longer reported in 2025 (was €8,271)
- Short-term financial debts +€7,827
new in 2025: €7,827
- Current portion of long-term debt -€5,771
no longer reported in 2025 (was €5,771)
- Gross operating margin +€17,749
up €17,749 (+60.9%), from €29,163 to €46,912
- Depreciation +€3,608
up €3,608 (+84.4%), from €4,276 to €7,884
- Taxes +€3,594
up €3,594 (+60.9%), from €5,898 to €9,492
- Other operating charges +€920
up €920 (+90.6%), from €1,015 to €1,934
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.
Cash bridge derived
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 | €62,706 | €96,260 | +€33,553 | +53.5% |
| Fixed assets | 21/28 | €14,944 | €36,859 | +€21,915 | +146.7% |
| Tangible fixed assets | 22/27 | €14,944 | €36,859 | +€21,915 | +146.7% |
| Land and buildings | 22 | - | €24,543 | +€24,543 | |
| Plant, machinery and equipment | 23 | €3,745 | €4,456 | +€711 | +19.0% |
| Furniture and vehicles | 24 | €11,198 | €7,859 | -€3,339 | -29.8% |
| Current assets | 29/58 | €47,763 | €59,401 | +€11,638 | +24.4% |
| Amounts receivable within one year | 40/41 | €13,042 | €27,031 | +€13,989 | +107.3% |
| Trade receivables | 40 | €11,005 | €27,031 | +€16,025 | +145.6% |
| Other amounts receivable | 41 | €2,037 | - | -€2,037 | |
| Cash at bank and in hand | 54/58 | €34,721 | €32,370 | -€2,350 | -6.8% |
| Total equity and liabilities | 10/49 | €62,706 | €96,260 | +€33,553 | +53.5% |
| Equity | 10/15 | €28,389 | €54,844 | +€26,455 | +93.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,389 | €52,844 | +€26,455 | +100.2% |
| Distributable reserves | 133 | €26,389 | €52,844 | +€26,455 | +100.2% |
| Amounts payable | 17/49 | €34,317 | €41,415 | +€7,098 | +20.7% |
| Amounts payable after more than one year | 17 | €4,036 | €13,471 | +€9,434 | +233.7% |
| Financial debts | 170/4 | €4,036 | €13,471 | +€9,434 | +233.7% |
| Amounts payable within one year | 42/48 | €30,281 | €27,945 | -€2,336 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €5,771 | - | -€5,771 | |
| Financial debts | 43 | - | €7,827 | +€7,827 | |
| Credit institutions | 430/8 | - | €7,827 | +€7,827 | |
| Trade debts | 44 | €8,271 | - | -€8,271 | |
| Suppliers | 440/4 | €8,271 | - | -€8,271 | |
| Taxes, remuneration and social security | 45 | €1,898 | €6,042 | +€4,144 | +218.4% |
| Taxes | 450/3 | €1,898 | €6,042 | +€4,144 | +218.4% |
| Other amounts payable | 47/48 | €14,341 | €14,075 | -€266 | -1.9% |
| Remuneration, social security and pensions | 62 | €275 | - | -€275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,276 | €7,884 | +€3,608 | +84.4% |
| Other operating charges | 640/8 | €1,015 | €1,934 | +€920 | +90.6% |
| Gross operating margin | 9900 | €29,163 | €46,912 | +€17,749 | +60.9% |
| Operating profit (loss) | 9901 | €23,598 | €37,093 | +€13,495 | +57.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €878 | €1,146 | +€269 | +30.6% |
| Recurring financial charges | 65 | €878 | €1,146 | +€269 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €22,720 | €35,947 | +€13,227 | +58.2% |
| Income taxes | 67/77 | €5,898 | €9,492 | +€3,594 | +60.9% |
| Profit (loss) for the period | 9904 | €16,822 | €26,455 | +€9,633 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,822 | €26,455 | +€9,633 | +57.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.