AM INSIDER: 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 INSIDER
Largest movements
- Tangible fixed assets +€53,569
up €53,569 (+837.4%), from €6,397 to €59,966
of which Leasing and similar rights: +€38,849
- Stocks and contracts +€12,431
new in 2025: €12,431
- Receivables within one year -€6,178
down €6,178 (-26.0%), from €23,760 to €17,582
of which Trade receivables: -€5,621
- Cash +€3,798
up €3,798 (+191.4%), from €1,984 to €5,783
mainly Debts after one year (+€28,983) and Depreciation (+€19,713)
- Debts after one year +€28,983
new in 2025: €28,983
- Profit (loss) carried forward +€15,240
up €15,240 (+74.0%), from €20,602 to €35,842
- Current portion of long-term debt +€10,816
new in 2025: €10,816
- Other debts +€5,300
new in 2025: €5,300
- Tax, wage and social debts +€3,780
up €3,780 (+62.9%), from €6,004 to €9,784
- Gross operating margin +€21,518
up €21,518 (+92.2%), from €23,329 to €44,846
- Depreciation +€19,172
up €19,172 (+3542.6%), from €541 to €19,713
- Other operating charges +€3,208
up €3,208 (+1443.1%), from €222 to €3,430
- Financial charges +€2,724
up €2,724 (+3561.3%), from €77 to €2,801
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 | €32,142 | €95,762 | +€63,621 | +197.9% |
| Fixed assets | 21/28 | €6,397 | €59,966 | +€53,569 | +837.4% |
| Tangible fixed assets | 22/27 | €6,397 | €59,966 | +€53,569 | +837.4% |
| Land and buildings | 22 | €3,843 | €18,924 | +€15,081 | +392.5% |
| Furniture and vehicles | 24 | €2,554 | €2,193 | -€362 | -14.2% |
| Leasing and similar rights | 25 | - | €38,849 | +€38,849 | |
| Current assets | 29/58 | €25,744 | €35,796 | +€10,052 | +39.0% |
| Stocks and contracts in progress | 3 | - | €12,431 | +€12,431 | |
| Stocks | 30/36 | - | €12,431 | +€12,431 | |
| Amounts receivable within one year | 40/41 | €23,760 | €17,582 | -€6,178 | -26.0% |
| Trade receivables | 40 | €8,342 | €2,720 | -€5,621 | -67.4% |
| Other amounts receivable | 41 | €15,418 | €14,862 | -€557 | -3.6% |
| Cash at bank and in hand | 54/58 | €1,984 | €5,783 | +€3,798 | +191.4% |
| Total equity and liabilities | 10/49 | €32,142 | €95,762 | +€63,621 | +197.9% |
| Equity | 10/15 | €25,602 | €40,842 | +€15,240 | +59.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,602 | €35,842 | +€15,240 | +74.0% |
| Amounts payable | 17/49 | €6,540 | €54,920 | +€48,380 | +739.8% |
| Amounts payable after more than one year | 17 | - | €28,983 | +€28,983 | |
| Financial debts | 170/4 | - | €28,983 | +€28,983 | |
| Amounts payable within one year | 42/48 | €6,540 | €25,937 | +€19,398 | +296.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,816 | +€10,816 | |
| Trade debts | 44 | €535 | €37 | -€498 | -93.0% |
| Suppliers | 440/4 | €535 | €37 | -€498 | -93.0% |
| Taxes, remuneration and social security | 45 | €6,004 | €9,784 | +€3,780 | +62.9% |
| Taxes | 450/3 | €6,004 | €9,784 | +€3,780 | +62.9% |
| Other amounts payable | 47/48 | - | €5,300 | +€5,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €541 | €19,713 | +€19,172 | +3542.6% |
| Other operating charges | 640/8 | €222 | €3,430 | +€3,208 | +1443.1% |
| Gross operating margin | 9900 | €23,329 | €44,846 | +€21,518 | +92.2% |
| Operating profit (loss) | 9901 | €22,565 | €21,703 | -€862 | -3.8% |
| Financial income | 75/76B | €467 | €820 | +€353 | +75.6% |
| Recurring financial income | 75 | €467 | €820 | +€353 | +75.6% |
| Financial charges | 65/66B | €77 | €2,801 | +€2,724 | +3561.3% |
| Recurring financial charges | 65 | €77 | €2,801 | +€2,724 | +3561.3% |
| Profit (loss) for the period before taxes | 9903 | €22,956 | €19,722 | -€3,234 | -14.1% |
| Income taxes | 67/77 | €4,919 | €4,482 | -€437 | -8.9% |
| Profit (loss) for the period | 9904 | €18,037 | €15,240 | -€2,797 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,037 | €15,240 | -€2,797 | -15.5% |
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 5 October 2026 via checked.be.