AM2PM: 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.
AM2PM
Largest movements
- Tangible fixed assets -€3,719
down €3,719 (-31.9%), from €11,645 to €7,926
of which Plant, machinery and equipment: -€2,122
- Receivables within one year +€2,418
up €2,418 (+21.7%), from €11,123 to €13,541
of which Trade receivables: +€4,067
- Cash -€2,242
down €2,242 (-8.0%), from €27,952 to €25,710
mainly Net result for the year (-€7,699) and Receivables within one year (-€2,418)
- Deferred charges and accrued income -€1,661
down €1,661 (-26.7%), from €6,227 to €4,566
- Reserves -€8,947
down €8,947 (-23.2%), from €38,486 to €29,539
- Tax, wage and social debts +€2,563
up €2,563 (+75.5%), from €3,397 to €5,960
of which Remuneration and social security: +€1,800
- Profit (loss) carried forward +€1,247
up €1,247, from -€1,247 to €0
- Other debts -€570
down €570 (-4.0%), from €14,245 to €13,675
- Accrued charges and deferred income +€570
new in 2025: €570
- Gross operating margin -€10,166
down €10,166, from €9,024 to -€1,142
- Depreciation +€369
up €369 (+11.0%), from €3,350 to €3,719
- Taxes -€309
down €309 (-62.5%), from €494 to €185
- Financial charges -€100
down €100 (-4.7%), from €2,145 to €2,045
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 | €56,947 | €51,744 | -€5,203 | -9.1% |
| Fixed assets | 21/28 | €11,645 | €7,926 | -€3,719 | -31.9% |
| Tangible fixed assets | 22/27 | €11,645 | €7,926 | -€3,719 | -31.9% |
| Land and buildings | 22 | €6,801 | €6,089 | -€712 | -10.5% |
| Plant, machinery and equipment | 23 | €3,146 | €1,024 | -€2,122 | -67.5% |
| Furniture and vehicles | 24 | €1,698 | €813 | -€885 | -52.1% |
| Current assets | 29/58 | €45,302 | €43,818 | -€1,484 | -3.3% |
| Amounts receivable within one year | 40/41 | €11,123 | €13,541 | +€2,418 | +21.7% |
| Trade receivables | 40 | €9,475 | €13,541 | +€4,067 | +42.9% |
| Other amounts receivable | 41 | €1,649 | €0 | -€1,649 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,952 | €25,710 | -€2,242 | -8.0% |
| Deferred charges and accrued income | 490/1 | €6,227 | €4,566 | -€1,661 | -26.7% |
| Total equity and liabilities | 10/49 | €56,947 | €51,744 | -€5,203 | -9.1% |
| Equity | 10/15 | €39,238 | €31,539 | -€7,699 | -19.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,486 | €29,539 | -€8,947 | -23.2% |
| Distributable reserves | 133 | €38,486 | €29,539 | -€8,947 | -23.2% |
| Profit (loss) carried forward | 14 | -€1,247 | €0 | +€1,247 | |
| Amounts payable | 17/49 | €17,709 | €20,204 | +€2,496 | +14.1% |
| Amounts payable within one year | 42/48 | €17,709 | €19,634 | +€1,926 | +10.9% |
| Trade debts | 44 | €67 | €0 | -€67 | -100.0% |
| Suppliers | 440/4 | €67 | €0 | -€67 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,397 | €5,960 | +€2,563 | +75.5% |
| Taxes | 450/3 | €3,397 | €4,160 | +€763 | +22.5% |
| Remuneration and social security | 454/9 | €0 | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €14,245 | €13,675 | -€570 | -4.0% |
| Accrued charges and deferred income | 492/3 | - | €570 | +€570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,350 | €3,719 | +€369 | +11.0% |
| Other operating charges | 640/8 | €535 | €609 | +€73 | +13.7% |
| Gross operating margin | 9900 | €9,024 | -€1,142 | -€10,166 | |
| Operating profit (loss) | 9901 | €5,138 | -€5,469 | -€10,607 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €2,145 | €2,045 | -€100 | -4.7% |
| Recurring financial charges | 65 | €2,145 | €2,045 | -€100 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €2,999 | -€7,514 | -€10,513 | |
| Income taxes | 67/77 | €494 | €185 | -€309 | -62.5% |
| Profit (loss) for the period | 9904 | €2,505 | -€7,699 | -€10,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,505 | -€7,699 | -€10,204 |
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.