AMA: 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.
AMA
Largest movements
- Stocks and contracts +€54,241
up €54,241 (+31.3%), from €173,183 to €227,424
- Tangible fixed assets -€5,889
down €5,889 (-72.9%), from €8,073 to €2,184
- Receivables within one year -€5,837
down €5,837 (-18.6%), from €31,425 to €25,588
of which Trade receivables: -€8,209
- Cash +€5,508
up €5,508 (+17.6%), from €31,306 to €36,813
mainly Debts after one year (+€109,156) and Trade debts (+€6,101)
- Debts after one year +€109,156
up €109,156 (+155.7%), from €70,108 to €179,265
of which Financial debts: +€100,000
- Profit (loss) carried forward -€58,752
down €58,752 (-41.2%), from €142,723 to €83,972
- Tax, wage and social debts -€8,437
no longer reported in 2025 (was €8,437)
of which Taxes: -€4,941
- Trade debts +€6,101
up €6,101 (+888.4%), from €687 to €6,788
- Turnover -€87,117
down €87,117 (-50.3%), from €173,060 to €85,943
- Gross operating margin -€81,451
down €81,451, from €28,570 to -€52,881
- Taxes -€10,815
down €10,815, from €4,815 to -€6,000
- Financial charges +€2,696
up €2,696 (+153.9%), from €1,752 to €4,448
- Purchases and services -€2,474
down €2,474 (-1.6%), from €157,840 to €155,366
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 | €246,138 | €294,215 | +€48,077 | +19.5% |
| Fixed assets | 21/28 | €8,351 | €2,462 | -€5,889 | -70.5% |
| Tangible fixed assets | 22/27 | €8,073 | €2,184 | -€5,889 | -72.9% |
| Furniture and vehicles | 24 | €8,073 | €2,184 | -€5,889 | -72.9% |
| Financial fixed assets | 28 | €278 | €278 | = | 0.0% |
| Current assets | 29/58 | €237,787 | €291,754 | +€53,966 | +22.7% |
| Stocks and contracts in progress | 3 | €173,183 | €227,424 | +€54,241 | +31.3% |
| Stocks | 30/36 | €173,183 | €227,424 | +€54,241 | +31.3% |
| Amounts receivable within one year | 40/41 | €31,425 | €25,588 | -€5,837 | -18.6% |
| Trade receivables | 40 | €21,253 | €13,044 | -€8,209 | -38.6% |
| Other amounts receivable | 41 | €10,172 | €12,544 | +€2,372 | +23.3% |
| Cash at bank and in hand | 54/58 | €31,306 | €36,813 | +€5,508 | +17.6% |
| Deferred charges and accrued income | 490/1 | €1,874 | €1,928 | +€54 | +2.9% |
| Total equity and liabilities | 10/49 | €246,138 | €294,215 | +€48,077 | +19.5% |
| Equity | 10/15 | €163,183 | €104,432 | -€58,752 | -36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €142,723 | €83,972 | -€58,752 | -41.2% |
| Amounts payable | 17/49 | €82,955 | €189,784 | +€106,829 | +128.8% |
| Amounts payable after more than one year | 17 | €70,108 | €179,265 | +€109,156 | +155.7% |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Trade debts | 175 | €70,108 | - | -€70,108 | |
| Other amounts payable | 178/9 | - | €79,265 | +€79,265 | |
| Amounts payable within one year | 42/48 | €12,846 | €10,519 | -€2,327 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €3,378 | €3,391 | +€14 | +0.4% |
| Trade debts | 44 | €687 | €6,788 | +€6,101 | +888.4% |
| Suppliers | 440/4 | €687 | €6,788 | +€6,101 | +888.4% |
| Taxes, remuneration and social security | 45 | €8,437 | - | -€8,437 | |
| Taxes | 450/3 | €4,941 | - | -€4,941 | |
| Remuneration and social security | 454/9 | €3,496 | - | -€3,496 | |
| Other amounts payable | 47/48 | €345 | €340 | -€5 | -1.4% |
| Turnover | 70 | €173,060 | €85,943 | -€87,117 | -50.3% |
| Non-recurring operating income | 76A | €13,350 | €16,542 | +€3,192 | +23.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €157,840 | €155,366 | -€2,474 | -1.6% |
| Remuneration, social security and pensions | 62 | €692 | - | -€692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,889 | €5,889 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,560 | €1,410 | -€150 | -9.6% |
| Non-recurring operating charges | 66A | €406 | €224 | -€182 | -44.8% |
| Gross operating margin | 9900 | €28,570 | -€52,881 | -€81,451 | |
| Operating profit (loss) | 9901 | €20,022 | -€60,405 | -€80,427 | |
| Financial income | 75/76B | €9 | €101 | +€92 | +1004.9% |
| Recurring financial income | 75 | €9 | €101 | +€92 | +1004.9% |
| Financial charges | 65/66B | €1,752 | €4,448 | +€2,696 | +153.9% |
| Recurring financial charges | 65 | €1,752 | €4,448 | +€2,696 | +153.9% |
| Profit (loss) for the period before taxes | 9903 | €18,279 | -€64,752 | -€83,031 | |
| Income taxes | 67/77 | €4,815 | -€6,000 | -€10,815 | |
| Profit (loss) for the period | 9904 | €13,464 | -€58,752 | -€72,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,464 | -€58,752 | -€72,216 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.