AM GOLD GROUP: 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 GOLD GROUP
Largest movements
- Receivables within one year +€82,507
up €82,507 (+377%), from €21,878 to €104,385
of which Trade receivables: +€75,222
- Cash +€4,938
up €4,938 (+5,578%), from €89 to €5,026
mainly Net result for the year (+€62,864) and Trade debts (+€13,150)
- Financial fixed assets +€1,185
new in 2025: €1,185
- Profit (loss) carried forward +€62,864
up €62,864 (+327%), from €19,211 to €82,076
- Trade debts +€13,150
up €13,150 (+8,677%), from €152 to €13,302
- Other debts +€9,632
new in 2025: €9,632
- Tax, wage and social debts +€1,651
up €1,651 (+59.0%), from €2,797 to €4,448
- Gross operating margin +€39,466
up €39,466 (+121%), from €32,596 to €72,062
- Taxes +€4,280
new in 2025: €4,280
- Other operating charges +€2,644
up €2,644 (+794%), from €333 to €2,977
- Financial charges +€772
up €772 (+465%), from €166 to €938
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 | €23,660 | €110,958 | +€87,298 | +369% |
| Fixed assets | 21/28 | €1,000 | €1,185 | +€184 | +18.4% |
| Tangible fixed assets | 22/27 | €1,000 | - | -€1,000 | |
| Furniture and vehicles | 24 | €1,000 | - | -€1,000 | |
| Financial fixed assets | 28 | - | €1,185 | +€1,185 | |
| Current assets | 29/58 | €22,660 | €109,773 | +€87,113 | +384% |
| Amounts receivable within one year | 40/41 | €21,878 | €104,385 | +€82,507 | +377% |
| Trade receivables | 40 | €9,243 | €84,465 | +€75,222 | +814% |
| Other amounts receivable | 41 | €12,635 | €19,920 | +€7,286 | +57.7% |
| Cash at bank and in hand | 54/58 | €89 | €5,026 | +€4,938 | +5,578% |
| Deferred charges and accrued income | 490/1 | €694 | €361 | -€332 | -47.9% |
| Total equity and liabilities | 10/49 | €23,660 | €110,958 | +€87,298 | +369% |
| Equity | 10/15 | €20,711 | €83,576 | +€62,864 | +304% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,211 | €82,076 | +€62,864 | +327% |
| Amounts payable | 17/49 | €2,949 | €27,382 | +€24,433 | +829% |
| Amounts payable within one year | 42/48 | €2,949 | €27,382 | +€24,433 | +829% |
| Trade debts | 44 | €152 | €13,302 | +€13,150 | +8,677% |
| Suppliers | 440/4 | €152 | €13,302 | +€13,150 | +8,677% |
| Taxes, remuneration and social security | 45 | €2,797 | €4,448 | +€1,651 | +59.0% |
| Taxes | 450/3 | €2,797 | €4,448 | +€1,651 | +59.0% |
| Other amounts payable | 47/48 | - | €9,632 | +€9,632 | |
| Remuneration, social security and pensions | 62 | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | +€0 | 0.0% |
| Other operating charges | 640/8 | €333 | €2,977 | +€2,644 | +794% |
| Gross operating margin | 9900 | €32,596 | €72,062 | +€39,466 | +121% |
| Operating profit (loss) | 9901 | €31,263 | €68,083 | +€36,820 | +118% |
| Financial charges | 65/66B | €166 | €938 | +€772 | +465% |
| Recurring financial charges | 65 | €166 | €938 | +€772 | +465% |
| Profit (loss) for the period before taxes | 9903 | €31,097 | €67,145 | +€36,048 | +116% |
| Income taxes | 67/77 | - | €4,280 | +€4,280 | |
| Profit (loss) for the period | 9904 | €31,097 | €62,864 | +€31,768 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €31,097 | €62,864 | +€31,768 | +102% |
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 30 October 2026 via checked.be.