AM Immobilier: what changed
AM Immobilier
Largest movements
- Receivables within one year -€251,272
down €251,272 (-90.4%), from €278,020 to €26,748
of which Trade receivables: -€256,272
- Stocks and contracts -€175,937
down €175,937 (-74.6%), from €235,937 to €60,000
- Cash +€135,835
up €135,835 (+2,013%), from €6,747 to €142,582
mainly Receivables within one year (+€251,272) and Stocks and contracts (+€175,937)
- Tangible fixed assets -€42,393
down €42,393 (-8.5%), from €495,964 to €453,570
of which Furniture and vehicles: -€30,797
- Trade debts -€239,197
down €239,197 (-99.1%), from €241,470 to €2,272
- Other debts -€88,700
down €88,700 (-44.4%), from €199,855 to €111,155
- Debts after one year -€79,090
down €79,090 (-18.4%), from €430,867 to €351,777
- Tax, wage and social debts +€57,760
up €57,760 (+1,388%), from €4,162 to €61,922
- Profit (loss) carried forward +€24,934
up €24,934 (+33.2%), from €75,066 to €100,000
- Gross operating margin +€50,706
up €50,706 (+51.3%), from €98,750 to €149,456
- Taxes +€10,545
up €10,545 (+105%), from €10,045 to €20,590
- Other operating charges +€5,795
up €5,795 (+52.3%), from €11,077 to €16,872
- Financial charges +€4,208
up €4,208 (+36.4%), from €11,562 to €15,770
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,019,856 | €683,393 | -€336,463 | -33.0% |
| Fixed assets | 21/28 | €496,464 | €453,570 | -€42,893 | -8.6% |
| Tangible fixed assets | 22/27 | €495,964 | €453,570 | -€42,393 | -8.5% |
| Land and buildings | 22 | €452,124 | €438,649 | -€13,474 | -3.0% |
| Plant, machinery and equipment | 23 | - | €1,878 | +€1,878 | |
| Furniture and vehicles | 24 | €43,840 | €13,043 | -€30,797 | -70.2% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €523,392 | €229,823 | -€293,570 | -56.1% |
| Stocks and contracts in progress | 3 | €235,937 | €60,000 | -€175,937 | -74.6% |
| Stocks | 30/36 | €235,937 | €60,000 | -€175,937 | -74.6% |
| Amounts receivable within one year | 40/41 | €278,020 | €26,748 | -€251,272 | -90.4% |
| Trade receivables | 40 | €268,065 | €11,793 | -€256,272 | -95.6% |
| Other amounts receivable | 41 | €9,955 | €14,955 | +€5,000 | +50.2% |
| Cash at bank and in hand | 54/58 | €6,747 | €142,582 | +€135,835 | +2,013% |
| Deferred charges and accrued income | 490/1 | €2,689 | €493 | -€2,196 | -81.7% |
| Total equity and liabilities | 10/49 | €1,019,856 | €683,393 | -€336,463 | -33.0% |
| Equity | 10/15 | €78,066 | €103,000 | +€24,934 | +31.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,066 | €100,000 | +€24,934 | +33.2% |
| Amounts payable | 17/49 | €941,790 | €580,393 | -€361,397 | -38.4% |
| Amounts payable after more than one year | 17 | €430,867 | €351,777 | -€79,090 | -18.4% |
| Financial debts | 170/4 | €430,867 | €351,777 | -€79,090 | -18.4% |
| Amounts payable within one year | 42/48 | €510,923 | €228,616 | -€282,307 | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €59,193 | €46,476 | -€12,717 | -21.5% |
| Financial debts | 43 | €6,244 | €6,792 | +€547 | +8.8% |
| Credit institutions | 430/8 | €6,244 | €6,792 | +€547 | +8.8% |
| Trade debts | 44 | €241,470 | €2,272 | -€239,197 | -99.1% |
| Suppliers | 440/4 | €241,470 | €2,272 | -€239,197 | -99.1% |
| Taxes, remuneration and social security | 45 | €4,162 | €61,922 | +€57,760 | +1,388% |
| Taxes | 450/3 | €4,162 | €61,922 | +€57,760 | +1,388% |
| Other amounts payable | 47/48 | €199,855 | €111,155 | -€88,700 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,077 | €15,284 | -€793 | -4.9% |
| Other operating charges | 640/8 | €11,077 | €16,872 | +€5,795 | +52.3% |
| Non-recurring operating charges | 66A | €9,930 | - | -€9,930 | |
| Gross operating margin | 9900 | €98,750 | €149,456 | +€50,706 | +51.3% |
| Operating profit (loss) | 9901 | €61,665 | €117,300 | +€55,634 | +90.2% |
| Financial charges | 65/66B | €11,562 | €15,770 | +€4,208 | +36.4% |
| Recurring financial charges | 65 | €11,562 | €15,770 | +€4,208 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €50,103 | €101,530 | +€51,427 | +103% |
| Income taxes | 67/77 | €10,045 | €20,590 | +€10,545 | +105% |
| Profit (loss) for the period | 9904 | €40,058 | €80,940 | +€40,882 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €40,058 | €80,940 | +€40,882 | +102% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.