AMAnagement: 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.
AMAnagement
Largest movements
- Receivables within one year -€29,508
down €29,508 (-67.4%), from €43,756 to €14,248
- Cash +€13,348
up €13,348 (+167%), from €7,996 to €21,344
mainly Receivables within one year (+€29,508) and Net result for the year (+€17,467)
- Tangible fixed assets -€3,292
down €3,292 (-2.4%), from €137,284 to €133,991
of which Land and buildings: -€3,631
- Trade debts -€31,046
down €31,046 (-97.0%), from €32,022 to €976
- Reserves +€17,467
up €17,467 (+85.8%), from €20,353 to €37,820
- Debts after one year -€9,328
down €9,328 (-7.9%), from €117,777 to €108,449
- Tax, wage and social debts +€3,329
up €3,329 (+41.2%), from €8,085 to €11,414
of which Remuneration and social security: +€2,325
- Gross operating margin +€13,374
up €13,374 (+59.1%), from €22,632 to €36,006
- Taxes +€3,857
up €3,857 (+155%), from €2,484 to €6,341
- Financial charges +€1,661
up €1,661 (+33.0%), from €5,027 to €6,688
- Depreciation +€1,044
up €1,044 (+30.0%), from €3,481 to €4,525
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 | €190,028 | €170,632 | -€19,396 | -10.2% |
| Formation expenses | 20 | €276 | - | -€276 | |
| Fixed assets | 21/28 | €137,284 | €133,991 | -€3,292 | -2.4% |
| Tangible fixed assets | 22/27 | €137,284 | €133,991 | -€3,292 | -2.4% |
| Land and buildings | 22 | €106,610 | €102,979 | -€3,631 | -3.4% |
| Plant, machinery and equipment | 23 | - | €163 | +€163 | |
| Furniture and vehicles | 24 | €30,674 | €30,849 | +€175 | +0.6% |
| Current assets | 29/58 | €52,468 | €36,641 | -€15,827 | -30.2% |
| Amounts receivable within one year | 40/41 | €43,756 | €14,248 | -€29,508 | -67.4% |
| Trade receivables | 40 | €43,756 | €14,248 | -€29,508 | -67.4% |
| Cash at bank and in hand | 54/58 | €7,996 | €21,344 | +€13,348 | +167% |
| Deferred charges and accrued income | 490/1 | €717 | €1,049 | +€333 | +46.4% |
| Total equity and liabilities | 10/49 | €190,028 | €170,632 | -€19,396 | -10.2% |
| Equity | 10/15 | €22,353 | €39,820 | +€17,467 | +78.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,353 | €37,820 | +€17,467 | +85.8% |
| Distributable reserves | 133 | €20,353 | €37,820 | +€17,467 | +85.8% |
| Amounts payable | 17/49 | €167,675 | €130,812 | -€36,862 | -22.0% |
| Amounts payable after more than one year | 17 | €117,777 | €108,449 | -€9,328 | -7.9% |
| Financial debts | 170/4 | €117,777 | €108,449 | -€9,328 | -7.9% |
| Amounts payable within one year | 42/48 | €49,275 | €21,741 | -€27,534 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €8,956 | €9,328 | +€372 | +4.2% |
| Trade debts | 44 | €32,022 | €976 | -€31,046 | -97.0% |
| Suppliers | 440/4 | €32,022 | €976 | -€31,046 | -97.0% |
| Taxes, remuneration and social security | 45 | €8,085 | €11,414 | +€3,329 | +41.2% |
| Taxes | 450/3 | €8,085 | €9,089 | +€1,004 | +12.4% |
| Remuneration and social security | 454/9 | - | €2,325 | +€2,325 | |
| Other amounts payable | 47/48 | €211 | €23 | -€188 | -89.1% |
| Accrued charges and deferred income | 492/3 | €622 | €622 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,481 | €4,525 | +€1,044 | +30.0% |
| Other operating charges | 640/8 | €735 | €991 | +€256 | +34.8% |
| Gross operating margin | 9900 | €22,632 | €36,006 | +€13,374 | +59.1% |
| Operating profit (loss) | 9901 | €18,416 | €30,490 | +€12,074 | +65.6% |
| Financial income | 75/76B | €12 | €6 | -€6 | -48.1% |
| Recurring financial income | 75 | €12 | €6 | -€6 | -48.1% |
| Financial charges | 65/66B | €5,027 | €6,688 | +€1,661 | +33.0% |
| Recurring financial charges | 65 | €5,027 | €6,688 | +€1,661 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €13,401 | €23,808 | +€10,407 | +77.7% |
| Income taxes | 67/77 | €2,484 | €6,341 | +€3,857 | +155% |
| Profit (loss) for the period | 9904 | €10,917 | €17,467 | +€6,550 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,917 | €17,467 | +€6,550 | +60.0% |
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 13 October 2026 via checked.be.