AM PLACEMENT: 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 PLACEMENT
Largest movements
- Receivables within one year +€3,876
up €3,876 (+36.2%), from €10,696 to €14,572
of which Trade receivables: +€3,262
- Profit (loss) carried forward +€16,917
up €16,917 (+57.4%), from -€29,472 to -€12,555
- Trade debts -€7,734
down €7,734 (-73.5%), from €10,516 to €2,782
- Tax, wage and social debts -€5,289
down €5,289 (-30.4%), from €17,401 to €12,112
of which Taxes: -€4,039
- Staff costs -€24,635
no longer reported in 2025 (was €24,635)
- Gross operating margin +€5,996
up €5,996 (+44.6%), from €13,433 to €19,428
- Other operating charges +€752
up €752 (+116%), from €647 to €1,399
- Financial charges -€235
down €235 (-17.5%), from €1,348 to €1,113
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,927 | €14,802 | +€3,876 | +35.5% |
| Fixed assets | 21/28 | €230 | €230 | = | 0.0% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €10,696 | €14,572 | +€3,876 | +36.2% |
| Amounts receivable within one year | 40/41 | €10,696 | €14,572 | +€3,876 | +36.2% |
| Trade receivables | 40 | €3,286 | €6,548 | +€3,262 | +99.3% |
| Other amounts receivable | 41 | €7,410 | €8,024 | +€614 | +8.3% |
| Total equity and liabilities | 10/49 | €10,927 | €14,802 | +€3,876 | +35.5% |
| Equity | 10/15 | -€24,472 | -€7,555 | +€16,917 | +69.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,472 | -€12,555 | +€16,917 | +57.4% |
| Amounts payable | 17/49 | €35,399 | €22,357 | -€13,041 | -36.8% |
| Amounts payable within one year | 42/48 | €35,399 | €22,357 | -€13,041 | -36.8% |
| Financial debts | 43 | €7,481 | €7,339 | -€143 | -1.9% |
| Credit institutions | 430/8 | €7,481 | €7,339 | -€143 | -1.9% |
| Trade debts | 44 | €10,516 | €2,782 | -€7,734 | -73.5% |
| Suppliers | 440/4 | €10,516 | €2,782 | -€7,734 | -73.5% |
| Advances received on contracts in progress | 46 | - | €125 | +€125 | |
| Taxes, remuneration and social security | 45 | €17,401 | €12,112 | -€5,289 | -30.4% |
| Taxes | 450/3 | €4,039 | - | -€4,039 | |
| Remuneration and social security | 454/9 | €13,362 | €12,112 | -€1,250 | -9.4% |
| Remuneration, social security and pensions | 62 | €24,635 | - | -€24,635 | |
| Other operating charges | 640/8 | €647 | €1,399 | +€752 | +116% |
| Gross operating margin | 9900 | €13,433 | €19,428 | +€5,996 | +44.6% |
| Operating profit (loss) | 9901 | -€11,850 | €18,030 | +€29,879 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.9% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.9% |
| Financial charges | 65/66B | €1,348 | €1,113 | -€235 | -17.5% |
| Recurring financial charges | 65 | €1,348 | €1,113 | -€235 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,185 | €16,917 | +€30,102 | |
| Profit (loss) for the period | 9904 | -€13,185 | €16,917 | +€30,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,185 | €16,917 | +€30,102 |
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 17 October 2026 via checked.be.