AM PARTNER: 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 PARTNER
Largest movements
- Receivables within one year -€9,872
down €9,872 (-56.4%), from €17,497 to €7,625
of which Trade receivables: -€9,875
- Cash +€1,512
up €1,512 (+3.0%), from €50,792 to €52,305
mainly Receivables within one year (+€9,872) and Depreciation (+€1,693)
- Profit (loss) carried forward -€3,683
down €3,683 (-24.8%), from €14,871 to €11,188
- Trade debts -€2,791
down €2,791 (-79.0%), from €3,535 to €743
- Tax, wage and social debts -€1,972
down €1,972 (-33.3%), from €5,923 to €3,951
of which Remuneration and social security: -€1,750
- Advances received -€1,369
no longer reported in 2025 (was €1,369)
- Other debts +€1,215
up €1,215 (+33.9%), from €3,581 to €4,796
- Gross operating margin -€16,668
down €16,668 (-98.7%), from €16,890 to €222
- Depreciation -€13,359
down €13,359 (-88.8%), from €15,052 to €1,693
- Financial charges +€820
up €820 (+1289.3%), from €64 to €883
- Other operating charges +€277
up €277 (+50.0%), from €554 to €831
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 | €72,075 | €63,475 | -€8,600 | -11.9% |
| Fixed assets | 21/28 | €1,693 | €1,088 | -€605 | -35.8% |
| Tangible fixed assets | 22/27 | €1,693 | €1,088 | -€605 | -35.8% |
| Furniture and vehicles | 24 | €1,693 | - | -€1,693 | |
| Assets under construction and advance payments | 27 | - | €1,088 | +€1,088 | |
| Current assets | 29/58 | €70,382 | €62,387 | -€7,995 | -11.4% |
| Amounts receivable within one year | 40/41 | €17,497 | €7,625 | -€9,872 | -56.4% |
| Trade receivables | 40 | €17,497 | €7,622 | -€9,875 | -56.4% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €50,792 | €52,305 | +€1,512 | +3.0% |
| Deferred charges and accrued income | 490/1 | €2,092 | €2,457 | +€365 | +17.5% |
| Total equity and liabilities | 10/49 | €72,075 | €63,475 | -€8,600 | -11.9% |
| Equity | 10/15 | €57,668 | €53,985 | -€3,683 | -6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,597 | €36,597 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,597 | €36,597 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,597 | €36,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,871 | €11,188 | -€3,683 | -24.8% |
| Amounts payable | 17/49 | €14,407 | €9,490 | -€4,917 | -34.1% |
| Amounts payable within one year | 42/48 | €14,407 | €9,490 | -€4,917 | -34.1% |
| Trade debts | 44 | €3,535 | €743 | -€2,791 | -79.0% |
| Suppliers | 440/4 | €3,535 | €743 | -€2,791 | -79.0% |
| Advances received on contracts in progress | 46 | €1,369 | - | -€1,369 | |
| Taxes, remuneration and social security | 45 | €5,923 | €3,951 | -€1,972 | -33.3% |
| Taxes | 450/3 | €4,173 | €3,951 | -€222 | -5.3% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €3,581 | €4,796 | +€1,215 | +33.9% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | - | €22 | +€22 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,052 | €1,693 | -€13,359 | -88.8% |
| Other operating charges | 640/8 | €554 | €831 | +€277 | +50.0% |
| Gross operating margin | 9900 | €16,890 | €222 | -€16,668 | -98.7% |
| Operating profit (loss) | 9901 | €1,285 | -€2,324 | -€3,609 | |
| Financial income | 75/76B | €46 | €7 | -€39 | -84.8% |
| Recurring financial income | 75 | €46 | €7 | -€39 | -84.8% |
| Financial charges | 65/66B | €64 | €883 | +€820 | +1289.3% |
| Recurring financial charges | 65 | €64 | €883 | +€820 | +1289.3% |
| Profit (loss) for the period before taxes | 9903 | €1,267 | -€3,201 | -€4,468 | |
| Income taxes | 67/77 | €365 | €482 | +€118 | +32.3% |
| Profit (loss) for the period | 9904 | €903 | -€3,683 | -€4,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €903 | -€3,683 | -€4,586 |
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.