AMA: 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.
AMA
Largest movements
- Cash -€16,014
down €16,014 (-46.8%), from €34,204 to €18,190
mainly Receivables within one year (-€8,293) and Net result for the year (-€7,646)
- Receivables within one year +€8,293
up €8,293, from €0 to €8,293
of which Trade receivables: +€4,853
- Profit (loss) carried forward -€7,646
down €7,646 (-310.2%), from -€2,465 to -€10,111
- Other debts +€1,690
up €1,690 (+8.9%), from €19,062 to €20,752
- Tax, wage and social debts -€1,460
down €1,460 (-87.4%), from €1,671 to €210
- Trade debts -€572
no longer reported in 2025 (was €572)
- Gross operating margin -€32,198
down €32,198, from €27,490 to -€4,708
- Depreciation -€3,808
down €3,808 (-92.0%), from €4,139 to €331
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 | €37,440 | €29,451 | -€7,989 | -21.3% |
| Fixed assets | 21/28 | €1,315 | €985 | -€331 | -25.2% |
| Tangible fixed assets | 22/27 | €594 | €263 | -€331 | -55.7% |
| Furniture and vehicles | 24 | €393 | €113 | -€280 | -71.2% |
| Other tangible fixed assets | 26 | €201 | €150 | -€51 | -25.4% |
| Financial fixed assets | 28 | €721 | €721 | = | 0.0% |
| Current assets | 29/58 | €36,125 | €28,466 | -€7,658 | -21.2% |
| Amounts receivable within one year | 40/41 | €0 | €8,293 | +€8,293 | |
| Trade receivables | 40 | €0 | €4,853 | +€4,853 | |
| Other amounts receivable | 41 | - | €3,440 | +€3,440 | |
| Cash at bank and in hand | 54/58 | €34,204 | €18,190 | -€16,014 | -46.8% |
| Deferred charges and accrued income | 490/1 | €1,921 | €1,984 | +€63 | +3.3% |
| Total equity and liabilities | 10/49 | €37,440 | €29,451 | -€7,989 | -21.3% |
| Equity | 10/15 | €16,135 | €8,489 | -€7,646 | -47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€2,465 | -€10,111 | -€7,646 | -310.2% |
| Amounts payable | 17/49 | €21,305 | €20,962 | -€343 | -1.6% |
| Amounts payable within one year | 42/48 | €21,305 | €20,962 | -€343 | -1.6% |
| Trade debts | 44 | €572 | - | -€572 | |
| Suppliers | 440/4 | €572 | - | -€572 | |
| Taxes, remuneration and social security | 45 | €1,671 | €210 | -€1,460 | -87.4% |
| Taxes | 450/3 | €1,671 | €210 | -€1,460 | -87.4% |
| Other amounts payable | 47/48 | €19,062 | €20,752 | +€1,690 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,139 | €331 | -€3,808 | -92.0% |
| Other operating charges | 640/8 | €2,517 | €2,322 | -€196 | -7.8% |
| Gross operating margin | 9900 | €27,490 | -€4,708 | -€32,198 | |
| Operating profit (loss) | 9901 | €20,834 | -€7,360 | -€28,194 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -94.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -94.0% |
| Financial charges | 65/66B | €375 | €286 | -€89 | -23.8% |
| Recurring financial charges | 65 | €375 | €286 | -€89 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €20,460 | -€7,646 | -€28,106 | |
| Profit (loss) for the period | 9904 | €20,460 | -€7,646 | -€28,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,460 | -€7,646 | -€28,106 |
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 11 October 2026 via checked.be.