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
- Tangible fixed assets -€5,337
down €5,337 (-41.5%), from €12,858 to €7,521
of which Leasing and similar rights: -€3,807
- Receivables within one year -€2,426
down €2,426 (-31.9%), from €7,602 to €5,176
of which Other amounts receivable: -€2,424
- Reserves -€5,016
down €5,016 (-21.0%), from €23,904 to €18,888
of which Distributable reserves: -€5,016
- Debts after one year -€2,731
no longer reported in 2025 (was €2,731)
- Current portion of long-term debt -€1,250
down €1,250 (-31.4%), from €3,981 to €2,731
- Trade debts +€708
up €708 (+89.1%), from €794 to €1,502
- Gross operating margin -€4,422
down €4,422 (-35.8%), from €12,347 to €7,926
- Taxes -€1,303
down €1,303 (-54.4%), from €2,395 to €1,091
- Depreciation +€227
up €227 (+4.4%), from €5,110 to €5,337
- Financial income -€146
down €146 (-22.5%), from €650 to €504
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 | €52,308 | €44,413 | -€7,895 | -15.1% |
| Fixed assets | 21/28 | €12,858 | €7,521 | -€5,337 | -41.5% |
| Tangible fixed assets | 22/27 | €12,858 | €7,521 | -€5,337 | -41.5% |
| Land and buildings | 22 | €5,506 | €4,217 | -€1,289 | -23.4% |
| Furniture and vehicles | 24 | €707 | €467 | -€240 | -34.0% |
| Leasing and similar rights | 25 | €6,645 | €2,837 | -€3,807 | -57.3% |
| Current assets | 29/58 | €39,450 | €36,892 | -€2,559 | -6.5% |
| Stocks and contracts in progress | 3 | €147 | €202 | +€55 | +37.1% |
| Stocks | 30/36 | €147 | €202 | +€55 | +37.1% |
| Amounts receivable within one year | 40/41 | €7,602 | €5,176 | -€2,426 | -31.9% |
| Trade receivables | 40 | €2 | - | -€2 | |
| Other amounts receivable | 41 | €7,600 | €5,176 | -€2,424 | -31.9% |
| Cash at bank and in hand | 54/58 | €30,279 | €30,100 | -€179 | -0.6% |
| Deferred charges and accrued income | 490/1 | €1,423 | €1,414 | -€8 | -0.6% |
| Total equity and liabilities | 10/49 | €52,308 | €44,413 | -€7,895 | -15.1% |
| Equity | 10/15 | €42,496 | €37,480 | -€5,016 | -11.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,904 | €18,888 | -€5,016 | -21.0% |
| Non-distributable reserves | 130/1 | €822 | €822 | = | 0.0% |
| Reserves not available under the articles | 1311 | €822 | €822 | = | 0.0% |
| Distributable reserves | 133 | €23,082 | €18,066 | -€5,016 | -21.7% |
| Amounts payable | 17/49 | €9,812 | €6,933 | -€2,879 | -29.3% |
| Amounts payable after more than one year | 17 | €2,731 | - | -€2,731 | |
| Financial debts | 170/4 | €2,731 | - | -€2,731 | |
| Amounts payable within one year | 42/48 | €7,080 | €6,933 | -€148 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €3,981 | €2,731 | -€1,250 | -31.4% |
| Trade debts | 44 | €794 | €1,502 | +€708 | +89.1% |
| Suppliers | 440/4 | €794 | €1,502 | +€708 | +89.1% |
| Taxes, remuneration and social security | 45 | €1,139 | €1,533 | +€395 | +34.6% |
| Taxes | 450/3 | €1,139 | €1,533 | +€395 | +34.6% |
| Other amounts payable | 47/48 | €1,166 | €1,166 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,110 | €5,337 | +€227 | +4.4% |
| Other operating charges | 640/8 | €1,484 | €1,471 | -€13 | -0.9% |
| Gross operating margin | 9900 | €12,347 | €7,926 | -€4,422 | -35.8% |
| Operating profit (loss) | 9901 | €5,754 | €1,118 | -€4,636 | -80.6% |
| Financial income | 75/76B | €650 | €504 | -€146 | -22.5% |
| Recurring financial income | 75 | €650 | €504 | -€146 | -22.5% |
| Financial charges | 65/66B | €525 | €544 | +€19 | +3.6% |
| Recurring financial charges | 65 | €525 | €544 | +€19 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €5,879 | €1,078 | -€4,801 | -81.7% |
| Income taxes | 67/77 | €2,395 | €1,091 | -€1,303 | -54.4% |
| Profit (loss) for the period | 9904 | €3,484 | -€13 | -€3,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,484 | -€13 | -€3,497 |
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.