AM LEAD: 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 LEAD
Largest movements
- Tangible fixed assets -€9,576
down €9,576 (-58.7%), from €16,308 to €6,733
- Cash +€5,678
up €5,678 (+76.3%), from €7,445 to €13,123
mainly Depreciation (+€9,576) and Net result for the year (+€1,375)
- Financial fixed assets +€350
new in 2025: €350
- Other debts -€4,380
down €4,380 (-16.3%), from €26,879 to €22,499
- Profit (loss) carried forward +€1,375
up €1,375 (+10.7%), from -€12,894 to -€11,519
- Trade debts -€528
down €528 (-23.5%), from €2,248 to €1,720
- Gross operating margin +€11,191
up €11,191 (+955.1%), from €1,172 to €12,362
- Other operating charges -€378
down €378 (-29.7%), from €1,275 to €897
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 | €24,232 | €20,700 | -€3,533 | -14.6% |
| Fixed assets | 21/28 | €16,308 | €7,083 | -€9,226 | -56.6% |
| Tangible fixed assets | 22/27 | €16,308 | €6,733 | -€9,576 | -58.7% |
| Furniture and vehicles | 24 | €16,308 | €6,733 | -€9,576 | -58.7% |
| Financial fixed assets | 28 | - | €350 | +€350 | |
| Current assets | 29/58 | €7,924 | €13,617 | +€5,693 | +71.8% |
| Amounts receivable within one year | 40/41 | €479 | €494 | +€15 | +3.0% |
| Trade receivables | 40 | - | €363 | +€363 | |
| Other amounts receivable | 41 | €479 | €131 | -€348 | -72.7% |
| Cash at bank and in hand | 54/58 | €7,445 | €13,123 | +€5,678 | +76.3% |
| Total equity and liabilities | 10/49 | €24,232 | €20,700 | -€3,533 | -14.6% |
| Equity | 10/15 | -€4,894 | -€3,519 | +€1,375 | +28.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,894 | -€11,519 | +€1,375 | +10.7% |
| Amounts payable | 17/49 | €29,126 | €24,219 | -€4,907 | -16.8% |
| Amounts payable within one year | 42/48 | €29,126 | €24,219 | -€4,907 | -16.8% |
| Trade debts | 44 | €2,248 | €1,720 | -€528 | -23.5% |
| Suppliers | 440/4 | €2,248 | €1,720 | -€528 | -23.5% |
| Other amounts payable | 47/48 | €26,879 | €22,499 | -€4,380 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,576 | €9,576 | = | 0.0% |
| Other operating charges | 640/8 | €1,275 | €897 | -€378 | -29.7% |
| Non-recurring operating charges | 66A | €245 | €201 | -€43 | -17.6% |
| Gross operating margin | 9900 | €1,172 | €12,362 | +€11,191 | +955.1% |
| Operating profit (loss) | 9901 | -€9,923 | €1,689 | +€11,612 | |
| Financial charges | 65/66B | €318 | €314 | -€4 | -1.3% |
| Recurring financial charges | 65 | €318 | €314 | -€4 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,242 | €1,375 | +€11,616 | |
| Profit (loss) for the period | 9904 | -€10,242 | €1,375 | +€11,616 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,242 | €1,375 | +€11,616 |
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 10 October 2026 via checked.be.