AM77: 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.
AM77
Largest movements
- Receivables within one year -€4,602
down €4,602 (-6.0%), from €76,957 to €72,354
of which Other amounts receivable: -€4,602
- Tax, wage and social debts -€4,459
no longer reported in 2025 (was €4,459)
- Gross operating margin -€18,129
no longer reported in 2025 (was €18,129)
- Depreciation -€4,120
no longer reported in 2025 (was €4,120)
- Taxes -€3,415
no longer reported in 2025 (was €3,415)
- Financial income -€3,117
no longer reported in 2025 (was €3,117)
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 | €81,077 | €76,475 | -€4,603 | -5.7% |
| Fixed assets | 21/28 | €4,120 | €4,120 | = | 0.0% |
| Tangible fixed assets | 22/27 | €4,120 | €4,120 | = | 0.0% |
| Furniture and vehicles | 24 | €4,120 | €4,120 | = | 0.0% |
| Current assets | 29/58 | €76,957 | €72,354 | -€4,603 | -6.0% |
| Amounts receivable within one year | 40/41 | €76,957 | €72,354 | -€4,602 | -6.0% |
| Trade receivables | 40 | €18,360 | €18,360 | = | 0.0% |
| Other amounts receivable | 41 | €58,597 | €53,994 | -€4,602 | -7.9% |
| Cash at bank and in hand | 54/58 | €0 | - | -€0 | |
| Total equity and liabilities | 10/49 | €81,077 | €76,475 | -€4,603 | -5.7% |
| Equity | 10/15 | €58,258 | €58,062 | -€197 | -0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,258 | €53,062 | -€197 | -0.4% |
| Amounts payable | 17/49 | €22,819 | €18,413 | -€4,406 | -19.3% |
| Amounts payable within one year | 42/48 | €22,819 | €18,413 | -€4,406 | -19.3% |
| Financial debts | 43 | - | €53 | +€53 | |
| Credit institutions | 430/8 | - | €53 | +€53 | |
| Advances received on contracts in progress | 46 | €18,360 | €18,360 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,459 | - | -€4,459 | |
| Taxes | 450/3 | €4,459 | - | -€4,459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,120 | - | -€4,120 | |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €18,129 | - | -€18,129 | |
| Operating profit (loss) | 9901 | €14,008 | -€100 | -€14,108 | |
| Financial income | 75/76B | €3,117 | - | -€3,117 | |
| Recurring financial income | 75 | €3,117 | - | -€3,117 | |
| Financial charges | 65/66B | €52 | €97 | +€45 | +87.6% |
| Recurring financial charges | 65 | €52 | €97 | +€45 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €17,074 | -€197 | -€17,270 | |
| Income taxes | 67/77 | €3,415 | - | -€3,415 | |
| Profit (loss) for the period | 9904 | €13,659 | -€197 | -€13,855 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,659 | -€197 | -€13,855 |
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.