AM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€5,663
up €5,663 (+185.1%), from €3,060 to €8,723
mainly Net result for the year (+€15,291) and Other debts (+€14,346)
- Profit (loss) carried forward +€15,291
up €15,291 (+10.3%), from €148,789 to €164,080
- Other debts +€14,346
up €14,346 (+18.0%), from €79,499 to €93,845
- Accrued charges and deferred income -€14,000
down €14,000 (-90.3%), from €15,500 to €1,500
- Tax, wage and social debts -€9,929
down €9,929 (-71.0%), from €13,988 to €4,059
- Taxes +€11,253
up €11,253, from -€8,707 to €2,545
- Gross operating margin -€9,855
down €9,855 (-35.4%), from €27,838 to €17,983
- Purchases and services +€9,855
up €9,855 (+14.5%), from €68,162 to €78,017
- Depreciation -€600
no longer reported in 2025 (was €600)
- Other operating charges -€413
no longer reported in 2025 (was €413)
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 | €282,980 | €288,643 | +€5,663 | +2.0% |
| Fixed assets | 21/28 | €279,920 | €279,920 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €279,920 | €279,920 | = | 0.0% |
| Current assets | 29/58 | €3,060 | €8,723 | +€5,663 | +185.1% |
| Cash at bank and in hand | 54/58 | €3,060 | €8,723 | +€5,663 | +185.1% |
| Total equity and liabilities | 10/49 | €282,980 | €288,643 | +€5,663 | +2.0% |
| Equity | 10/15 | €169,249 | €184,540 | +€15,291 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,789 | €164,080 | +€15,291 | +10.3% |
| Amounts payable | 17/49 | €113,731 | €104,104 | -€9,627 | -8.5% |
| Amounts payable within one year | 42/48 | €98,231 | €102,604 | +€4,373 | +4.5% |
| Trade debts | 44 | €4,744 | €4,699 | -€45 | -0.9% |
| Suppliers | 440/4 | €4,744 | €4,699 | -€45 | -0.9% |
| Taxes, remuneration and social security | 45 | €13,988 | €4,059 | -€9,929 | -71.0% |
| Taxes | 450/3 | €13,988 | €4,059 | -€9,929 | -71.0% |
| Other amounts payable | 47/48 | €79,499 | €93,845 | +€14,346 | +18.0% |
| Accrued charges and deferred income | 492/3 | €15,500 | €1,500 | -€14,000 | -90.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,162 | €78,017 | +€9,855 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | - | -€600 | |
| Other operating charges | 640/8 | €413 | - | -€413 | |
| Gross operating margin | 9900 | €27,838 | €17,983 | -€9,855 | -35.4% |
| Operating profit (loss) | 9901 | €26,825 | €17,983 | -€8,842 | -33.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €409 | €147 | -€262 | -64.0% |
| Recurring financial charges | 65 | €409 | €147 | -€262 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €26,416 | €17,836 | -€8,580 | -32.5% |
| Income taxes | 67/77 | -€8,707 | €2,545 | +€11,253 | |
| Profit (loss) for the period | 9904 | €35,124 | €15,291 | -€19,833 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,124 | €15,291 | -€19,833 | -56.5% |
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 7 October 2026 via checked.be.