AM Home: 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 Home
Largest movements
- Stocks and contracts -€350,930
down €350,930 (-28.2%), from €1.2m to €892,485
- Tangible fixed assets +€37,387
new in 2025: €37,387
- Cash +€16,913
up €16,913 (+1,266%), from €1,336 to €18,250
mainly Stocks and contracts (+€350,930) and Net result for the year (+€109,532)
- Current portion of long-term debt -€278,200
down €278,200 (-35.6%), from €781,200 to €503,000
- Other debts -€243,000
down €243,000 (-55.0%), from €441,762 to €198,762
- Profit (loss) carried forward +€109,532
up €109,532 (+1,181%), from €9,276 to €118,807
- Trade debts +€87,134
up €87,134 (+15,854%), from €550 to €87,684
- Tax, wage and social debts +€26,354
up €26,354 (+1,048%), from €2,515 to €28,869
- Gross operating margin +€146,184
up €146,184 (+693%), from €21,084 to €167,268
- Taxes +€26,356
up €26,356 (+1,048%), from €2,515 to €28,871
- Financial charges +€17,697
up €17,697 (+183%), from €9,667 to €27,364
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 | €1,245,302 | €948,122 | -€297,180 | -23.9% |
| Fixed assets | 21/28 | - | €37,387 | +€37,387 | |
| Tangible fixed assets | 22/27 | - | €37,387 | +€37,387 | |
| Other tangible fixed assets | 26 | - | €37,387 | +€37,387 | |
| Current assets | 29/58 | €1,245,302 | €910,735 | -€334,567 | -26.9% |
| Stocks and contracts in progress | 3 | €1,243,415 | €892,485 | -€350,930 | -28.2% |
| Stocks | 30/36 | €1,243,415 | €892,485 | -€350,930 | -28.2% |
| Amounts receivable within one year | 40/41 | €550 | €0 | -€550 | -100% |
| Trade receivables | 40 | €550 | €0 | -€550 | -100% |
| Cash at bank and in hand | 54/58 | €1,336 | €18,250 | +€16,913 | +1,266% |
| Total equity and liabilities | 10/49 | €1,245,302 | €948,122 | -€297,180 | -23.9% |
| Equity | 10/15 | €19,276 | €128,807 | +€109,532 | +568% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,276 | €118,807 | +€109,532 | +1,181% |
| Amounts payable | 17/49 | €1,226,026 | €819,314 | -€406,712 | -33.2% |
| Amounts payable within one year | 42/48 | €1,226,026 | €818,314 | -€407,712 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €781,200 | €503,000 | -€278,200 | -35.6% |
| Trade debts | 44 | €550 | €87,684 | +€87,134 | +15,854% |
| Suppliers | 440/4 | €550 | €87,684 | +€87,134 | +15,854% |
| Taxes, remuneration and social security | 45 | €2,515 | €28,869 | +€26,354 | +1,048% |
| Taxes | 450/3 | €2,515 | €28,869 | +€26,354 | +1,048% |
| Other amounts payable | 47/48 | €441,762 | €198,762 | -€243,000 | -55.0% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €985 | +€985 | |
| Other operating charges | 640/8 | €925 | €533 | -€392 | -42.4% |
| Gross operating margin | 9900 | €21,084 | €167,268 | +€146,184 | +693% |
| Operating profit (loss) | 9901 | €20,159 | €165,750 | +€145,591 | +722% |
| Financial income | 75/76B | €1,298 | €17 | -€1,282 | -98.7% |
| Recurring financial income | 75 | €1,298 | €17 | -€1,282 | -98.7% |
| Financial charges | 65/66B | €9,667 | €27,364 | +€17,697 | +183% |
| Recurring financial charges | 65 | €9,667 | €27,364 | +€17,697 | +183% |
| Profit (loss) for the period before taxes | 9903 | €11,791 | €138,403 | +€126,613 | +1,074% |
| Income taxes | 67/77 | €2,515 | €28,871 | +€26,356 | +1,048% |
| Profit (loss) for the period | 9904 | €9,276 | €109,532 | +€100,256 | +1,081% |
| Profit (loss) for the period to be appropriated | 9905 | €9,276 | €109,532 | +€100,256 | +1,081% |
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.