AM-H: 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-H
Largest movements
- Tangible fixed assets +€12,000
new in 2025: €12,000
- Cash +€5,569
up €5,569 (+69,613%), from €8 to €5,577
mainly Other debts (+€16,942) and Depreciation (+€3,000)
- Receivables within one year +€227
up €227 (+8.0%), from €2,843 to €3,070
of which Other amounts receivable: +€1,580
- Other debts +€16,942
up €16,942 (+12.4%), from €136,996 to €153,938
- Tax, wage and social debts +€1,152
new in 2025: €1,152
- Profit (loss) carried forward -€227
down €227 (-0.1%), from -€151,955 to -€152,182
- Turnover +€34,373
new in 2025: €34,373
- Purchases and services +€31,345
up €31,345 (+8,227%), from €381 to €31,726
- Gross operating margin +€3,273
up €3,273, from -€381 to €2,892
- Depreciation +€3,000
new in 2025: €3,000
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 | €3,712 | €21,508 | +€17,796 | +479% |
| Fixed assets | 21/28 | - | €12,000 | +€12,000 | |
| Tangible fixed assets | 22/27 | - | €12,000 | +€12,000 | |
| Furniture and vehicles | 24 | - | €12,000 | +€12,000 | |
| Current assets | 29/58 | €3,712 | €9,508 | +€5,796 | +156% |
| Amounts receivable within one year | 40/41 | €2,843 | €3,070 | +€227 | +8.0% |
| Trade receivables | 40 | €2,843 | €1,490 | -€1,353 | -47.6% |
| Other amounts receivable | 41 | - | €1,580 | +€1,580 | |
| Cash at bank and in hand | 54/58 | €8 | €5,577 | +€5,569 | +69,613% |
| Deferred charges and accrued income | 490/1 | €861 | €861 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,712 | €21,508 | +€17,796 | +479% |
| Equity | 10/15 | -€133,355 | -€133,582 | -€227 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,955 | -€152,182 | -€227 | -0.1% |
| Amounts payable | 17/49 | €137,067 | €155,090 | +€18,023 | +13.1% |
| Amounts payable within one year | 42/48 | €137,067 | €155,090 | +€18,023 | +13.1% |
| Trade debts | 44 | €71 | - | -€71 | |
| Suppliers | 440/4 | €71 | - | -€71 | |
| Taxes, remuneration and social security | 45 | - | €1,152 | +€1,152 | |
| Taxes | 450/3 | - | €1,152 | +€1,152 | |
| Other amounts payable | 47/48 | €136,996 | €153,938 | +€16,942 | +12.4% |
| Turnover | 70 | - | €34,373 | +€34,373 | |
| Non-recurring operating income | 76A | - | €246 | +€246 | |
| Goods, raw materials, services and sundry goods | 60/61 | €381 | €31,726 | +€31,345 | +8,227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,000 | +€3,000 | |
| Other operating charges | 640/8 | - | €53 | +€53 | |
| Gross operating margin | 9900 | -€381 | €2,892 | +€3,273 | |
| Operating profit (loss) | 9901 | -€381 | -€161 | +€220 | +57.7% |
| Financial charges | 65/66B | - | €66 | +€66 | |
| Recurring financial charges | 65 | - | €66 | +€66 | |
| Profit (loss) for the period before taxes | 9903 | -€381 | -€227 | +€154 | +40.4% |
| Profit (loss) for the period | 9904 | -€381 | -€227 | +€154 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€381 | -€227 | +€154 | +40.4% |
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 18 October 2026 via checked.be.