AM MANAGEMENT CONSULTING: 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 MANAGEMENT CONSULTING
Largest movements
- Receivables within one year +€93,954
up €93,954 (+80.7%), from €116,398 to €210,352
of which Trade receivables: +€93,844
- Cash +€18,007
up €18,007 (+78.0%), from €23,084 to €41,091
mainly Net result for the year (+€74,566) and Depreciation (+€21,518)
- Tangible fixed assets -€17,500
down €17,500 (-4.6%), from €382,313 to €364,812
of which Land and buildings: -€19,750
- Reserves +€74,566
up €74,566 (+25.5%), from €292,375 to €366,941
- Tax, wage and social debts +€19,105
up €19,105 (+193%), from €9,917 to €29,023
of which Taxes: +€22,253
- Debts after one year -€18,609
down €18,609 (-11.7%), from €158,822 to €140,213
- Other debts +€12,050
up €12,050 (+112%), from €10,729 to €22,779
- Trade debts +€9,139
up €9,139 (+96.6%), from €9,459 to €18,598
- Gross operating margin +€8,135
up €8,135 (+6.6%), from €122,980 to €131,115
- Taxes +€4,099
up €4,099 (+16.3%), from €25,112 to €29,211
- Other operating charges -€3,956
down €3,956 (-64.9%), from €6,093 to €2,137
- Financial charges -€3,724
down €3,724 (-50.3%), from €7,406 to €3,682
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 | €522,053 | €616,513 | +€94,460 | +18.1% |
| Fixed assets | 21/28 | €382,313 | €364,812 | -€17,500 | -4.6% |
| Tangible fixed assets | 22/27 | €382,313 | €364,812 | -€17,500 | -4.6% |
| Land and buildings | 22 | €377,057 | €357,307 | -€19,750 | -5.2% |
| Plant, machinery and equipment | 23 | €4,568 | €3,972 | -€596 | -13.0% |
| Furniture and vehicles | 24 | €687 | €3,533 | +€2,846 | +414% |
| Current assets | 29/58 | €139,741 | €251,701 | +€111,960 | +80.1% |
| Amounts receivable within one year | 40/41 | €116,398 | €210,352 | +€93,954 | +80.7% |
| Trade receivables | 40 | €106,568 | €200,412 | +€93,844 | +88.1% |
| Other amounts receivable | 41 | €9,830 | €9,940 | +€110 | +1.1% |
| Cash at bank and in hand | 54/58 | €23,084 | €41,091 | +€18,007 | +78.0% |
| Deferred charges and accrued income | 490/1 | €258 | €258 | = | 0.0% |
| Total equity and liabilities | 10/49 | €522,053 | €616,513 | +€94,460 | +18.1% |
| Equity | 10/15 | €312,696 | €387,263 | +€74,566 | +23.8% |
| Contributions | 10/11 | €20,322 | €20,322 | = | 0.0% |
| Reserves | 13 | €292,375 | €366,941 | +€74,566 | +25.5% |
| Distributable reserves | 133 | €292,375 | €366,941 | +€74,566 | +25.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €209,357 | €229,251 | +€19,894 | +9.5% |
| Amounts payable after more than one year | 17 | €158,822 | €140,213 | -€18,609 | -11.7% |
| Financial debts | 170/4 | €158,822 | €140,213 | -€18,609 | -11.7% |
| Amounts payable within one year | 42/48 | €50,535 | €89,038 | +€38,502 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €18,273 | €18,609 | +€336 | +1.8% |
| Financial debts | 43 | €2,157 | €29 | -€2,129 | -98.7% |
| Credit institutions | 430/8 | €2,157 | €29 | -€2,129 | -98.7% |
| Trade debts | 44 | €9,459 | €18,598 | +€9,139 | +96.6% |
| Suppliers | 440/4 | €9,459 | €18,598 | +€9,139 | +96.6% |
| Taxes, remuneration and social security | 45 | €9,917 | €29,023 | +€19,105 | +193% |
| Taxes | 450/3 | €6,770 | €29,023 | +€22,253 | +329% |
| Remuneration and social security | 454/9 | €3,148 | €0 | -€3,148 | -100% |
| Other amounts payable | 47/48 | €10,729 | €22,779 | +€12,050 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,251 | €21,518 | +€1,267 | +6.3% |
| Other operating charges | 640/8 | €6,093 | €2,137 | -€3,956 | -64.9% |
| Gross operating margin | 9900 | €122,980 | €131,115 | +€8,135 | +6.6% |
| Operating profit (loss) | 9901 | €96,636 | €107,460 | +€10,824 | +11.2% |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.7% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.7% |
| Financial charges | 65/66B | €7,406 | €3,682 | -€3,724 | -50.3% |
| Recurring financial charges | 65 | €7,406 | €3,682 | -€3,724 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €89,243 | €103,778 | +€14,535 | +16.3% |
| Income taxes | 67/77 | €25,112 | €29,211 | +€4,099 | +16.3% |
| Profit (loss) for the period | 9904 | €64,131 | €74,566 | +€10,436 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,131 | €74,566 | +€10,436 | +16.3% |
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 30 October 2026 via checked.be.