AM THERAPY: 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 THERAPY
Largest movements
- Receivables within one year +€12,534
new in 2025: €12,534
of which Trade receivables: +€10,000
- Tangible fixed assets -€11,755
down €11,755 (-25.8%), from €45,569 to €33,813
of which Leasing and similar rights: -€11,500
- Cash -€11,191
down €11,191 (-92.0%), from €12,162 to €972
mainly Receivables within one year (-€12,534) and Debts after one year (-€6,844)
- Debts after one year -€6,844
down €6,844 (-28.3%), from €24,194 to €17,350
- Profit (loss) carried forward -€2,157
down €2,157 (-13.6%), from €15,811 to €13,654
- Tax, wage and social debts -€2,052
down €2,052 (-23.9%), from €8,580 to €6,527
- Trade debts +€943
new in 2025: €943
- Other debts -€617
no longer reported in 2025 (was €617)
- Turnover +€83,612
new in 2025: €83,612
- Purchases and services +€70,857
new in 2025: €70,857
- Gross operating margin -€6,247
down €6,247 (-25.5%), from €24,537 to €18,290
- Depreciation +€4,554
up €4,554 (+53.7%), from €8,480 to €13,034
- Staff costs +€2,268
new in 2025: €2,268
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 | €57,731 | €47,319 | -€10,412 | -18.0% |
| Fixed assets | 21/28 | €45,569 | €33,813 | -€11,755 | -25.8% |
| Tangible fixed assets | 22/27 | €45,569 | €33,813 | -€11,755 | -25.8% |
| Plant, machinery and equipment | 23 | €4,042 | €3,542 | -€500 | -12.4% |
| Furniture and vehicles | 24 | €2,690 | €2,935 | +€245 | +9.1% |
| Leasing and similar rights | 25 | €38,836 | €27,336 | -€11,500 | -29.6% |
| Current assets | 29/58 | €12,162 | €13,505 | +€1,343 | +11.0% |
| Amounts receivable within one year | 40/41 | - | €12,534 | +€12,534 | |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | - | €2,534 | +€2,534 | |
| Cash at bank and in hand | 54/58 | €12,162 | €972 | -€11,191 | -92.0% |
| Total equity and liabilities | 10/49 | €57,731 | €47,319 | -€10,412 | -18.0% |
| Equity | 10/15 | €17,811 | €15,654 | -€2,157 | -12.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,811 | €13,654 | -€2,157 | -13.6% |
| Amounts payable | 17/49 | €39,920 | €31,664 | -€8,256 | -20.7% |
| Amounts payable after more than one year | 17 | €24,194 | €17,350 | -€6,844 | -28.3% |
| Financial debts | 170/4 | €24,194 | €17,350 | -€6,844 | -28.3% |
| Amounts payable within one year | 42/48 | €15,484 | €14,315 | -€1,169 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €6,288 | €6,844 | +€556 | +8.8% |
| Trade debts | 44 | - | €943 | +€943 | |
| Suppliers | 440/4 | - | €943 | +€943 | |
| Taxes, remuneration and social security | 45 | €8,580 | €6,527 | -€2,052 | -23.9% |
| Taxes | 450/3 | €8,580 | €6,527 | -€2,052 | -23.9% |
| Other amounts payable | 47/48 | €617 | - | -€617 | |
| Accrued charges and deferred income | 492/3 | €242 | - | -€242 | |
| Turnover | 70 | - | €83,612 | +€83,612 | |
| Non-recurring operating income | 76A | €550 | - | -€550 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €70,857 | +€70,857 | |
| Remuneration, social security and pensions | 62 | - | €2,268 | +€2,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,480 | €13,034 | +€4,554 | +53.7% |
| Other operating charges | 640/8 | €1,245 | €882 | -€363 | -29.2% |
| Gross operating margin | 9900 | €24,537 | €18,290 | -€6,247 | -25.5% |
| Operating profit (loss) | 9901 | €14,811 | €2,106 | -€12,706 | -85.8% |
| Financial income | 75/76B | €0 | €134 | +€133 | +27,182% |
| Recurring financial income | 75 | €0 | €134 | +€133 | +27,182% |
| Financial charges | 65/66B | €1,358 | €1,826 | +€469 | +34.5% |
| Recurring financial charges | 65 | €1,358 | €1,826 | +€469 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €13,454 | €413 | -€13,041 | -96.9% |
| Income taxes | 67/77 | €4,240 | €2,570 | -€1,670 | -39.4% |
| Profit (loss) for the period | 9904 | €9,215 | -€2,157 | -€11,371 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,215 | -€2,157 | -€11,371 |
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 18 October 2026 via checked.be.