AM Law: 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 Law
Largest movements
- Cash +€93,123
up €93,123 (+77.6%), from €119,965 to €213,088
mainly Other debts (+€165,765) and Net result for the year (+€80,378)
- Receivables within one year -€5,367
down €5,367 (-26.4%), from €20,293 to €14,926
of which Trade receivables: -€5,367
- Tangible fixed assets -€3,684
down €3,684 (-30.4%), from €12,111 to €8,427
- Other debts +€165,765
up €165,765 (+407%), from €40,741 to €206,506
- Profit (loss) carried forward -€87,547
down €87,547 (-100%), from €87,547 to €0
- Tax, wage and social debts +€5,117
up €5,117 (+24.8%), from €20,637 to €25,754
of which Taxes: +€5,117
- Gross operating margin -€7,019
down €7,019 (-6.2%), from €113,503 to €106,484
- Taxes -€2,727
down €2,727 (-11.4%), from €23,871 to €21,144
- Financial income -€2,626
no longer reported in 2025 (was €2,626)
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 | €153,056 | €237,001 | +€83,945 | +54.8% |
| Formation expenses | 20 | €216 | €16 | -€200 | -92.4% |
| Fixed assets | 21/28 | €12,111 | €8,427 | -€3,684 | -30.4% |
| Tangible fixed assets | 22/27 | €12,111 | €8,427 | -€3,684 | -30.4% |
| Furniture and vehicles | 24 | €12,111 | €8,427 | -€3,684 | -30.4% |
| Current assets | 29/58 | €140,728 | €228,557 | +€87,829 | +62.4% |
| Amounts receivable within one year | 40/41 | €20,293 | €14,926 | -€5,367 | -26.4% |
| Trade receivables | 40 | €20,293 | €14,926 | -€5,367 | -26.4% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €119,965 | €213,088 | +€93,123 | +77.6% |
| Deferred charges and accrued income | 490/1 | €471 | €544 | +€73 | +15.5% |
| Total equity and liabilities | 10/49 | €153,056 | €237,001 | +€83,945 | +54.8% |
| Equity | 10/15 | €89,547 | €2,000 | -€87,547 | -97.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,547 | €0 | -€87,547 | -100% |
| Amounts payable | 17/49 | €63,510 | €235,001 | +€171,491 | +270% |
| Amounts payable within one year | 42/48 | €63,510 | €235,001 | +€171,491 | +270% |
| Trade debts | 44 | €2,131 | €2,741 | +€610 | +28.6% |
| Suppliers | 440/4 | €2,131 | €1,741 | -€390 | -18.3% |
| Bills of exchange payable | 441 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €20,637 | €25,754 | +€5,117 | +24.8% |
| Taxes | 450/3 | €19,537 | €24,654 | +€5,117 | +26.2% |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €40,741 | €206,506 | +€165,765 | +407% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,725 | €3,884 | +€160 | +4.3% |
| Other operating charges | 640/8 | €505 | €768 | +€263 | +52.1% |
| Gross operating margin | 9900 | €113,503 | €106,484 | -€7,019 | -6.2% |
| Operating profit (loss) | 9901 | €109,273 | €101,832 | -€7,441 | -6.8% |
| Financial income | 75/76B | €2,626 | - | -€2,626 | |
| Recurring financial income | 75 | €2,626 | - | -€2,626 | |
| Financial charges | 65/66B | €482 | €310 | -€172 | -35.8% |
| Recurring financial charges | 65 | €482 | €310 | -€172 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €111,417 | €101,522 | -€9,895 | -8.9% |
| Income taxes | 67/77 | €23,871 | €21,144 | -€2,727 | -11.4% |
| Profit (loss) for the period | 9904 | €87,547 | €80,378 | -€7,169 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,547 | €80,378 | -€7,169 | -8.2% |
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 20 October 2026 via checked.be.