AMB: what changed
AMB
Largest movements
- Tangible fixed assets +€723,481
up €723,481 (+82.5%), from €876,685 to €1.6m
of which Land and buildings: +€661,262
- Current investments -€412,900
down €412,900 (-80.5%), from €512,900 to €100,000
- Cash -€110,116
down €110,116 (-17.4%), from €633,197 to €523,081
mainly Investment in fixed assets (net) (-€819,578) and Tax, wage and social debts (-€87,481)
- Receivables within one year +€79,981
up €79,981 (+187%), from €42,708 to €122,689
of which Other amounts receivable: +€74,577
- Reserves +€307,000
up €307,000 (+16.9%), from €1.8m to €2.1m
of which Distributable reserves: +€307,000
- Tax, wage and social debts -€87,481
down €87,481 (-96.3%), from €90,810 to €3,328
of which Taxes: -€89,359
- Trade debts +€70,447
up €70,447 (+124%), from €56,740 to €127,187
- Other debts +€30,121
up €30,121 (+664%), from €4,535 to €34,656
- Gross operating margin -€171,360
down €171,360 (-19.9%), from €862,568 to €691,207
- Staff costs -€110,015
down €110,015 (-51.0%), from €215,667 to €105,652
- Depreciation -€41,711
down €41,711 (-29.9%), from €139,508 to €97,797
- Taxes -€26,605
down €26,605 (-19.4%), from €137,017 to €110,412
- Financial charges +€16,540
up €16,540 (+642%), from €2,577 to €19,116
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,072,349 | €2,377,195 | +€304,846 | +14.7% |
| Fixed assets | 21/28 | €879,900 | €1,601,681 | +€721,781 | +82.0% |
| Intangible fixed assets | 21 | €2,115 | €415 | -€1,700 | -80.4% |
| Tangible fixed assets | 22/27 | €876,685 | €1,600,166 | +€723,481 | +82.5% |
| Land and buildings | 22 | €723,045 | €1,384,307 | +€661,262 | +91.5% |
| Plant, machinery and equipment | 23 | €37,828 | €82,794 | +€44,966 | +119% |
| Furniture and vehicles | 24 | €115,813 | €133,065 | +€17,252 | +14.9% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €1,192,449 | €775,514 | -€416,935 | -35.0% |
| Stocks and contracts in progress | 3 | €2,148 | €20,900 | +€18,752 | +873% |
| Stocks | 30/36 | €2,148 | €20,900 | +€18,752 | +873% |
| Amounts receivable within one year | 40/41 | €42,708 | €122,689 | +€79,981 | +187% |
| Trade receivables | 40 | €500 | €5,905 | +€5,405 | +1,081% |
| Other amounts receivable | 41 | €42,208 | €116,784 | +€74,577 | +177% |
| Current investments | 50/53 | €512,900 | €100,000 | -€412,900 | -80.5% |
| Cash at bank and in hand | 54/58 | €633,197 | €523,081 | -€110,116 | -17.4% |
| Deferred charges and accrued income | 490/1 | €1,497 | €8,844 | +€7,348 | +491% |
| Total equity and liabilities | 10/49 | €2,072,349 | €2,377,195 | +€304,846 | +14.7% |
| Equity | 10/15 | €1,830,765 | €2,137,524 | +€306,760 | +16.8% |
| Contributions | 10/11 | €12,100 | €12,100 | = | 0.0% |
| Reserves | 13 | €1,817,960 | €2,124,960 | +€307,000 | +16.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,816,100 | €2,123,100 | +€307,000 | +16.9% |
| Profit (loss) carried forward | 14 | €705 | €464 | -€240 | -34.1% |
| Amounts payable | 17/49 | €241,584 | €239,671 | -€1,914 | -0.8% |
| Amounts payable after more than one year | 17 | €74,500 | €59,500 | -€15,000 | -20.1% |
| Financial debts | 170/4 | €73,750 | €58,750 | -€15,000 | -20.3% |
| Other amounts payable | 178/9 | €750 | €750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €167,084 | €180,171 | +€13,086 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €56,740 | €127,187 | +€70,447 | +124% |
| Suppliers | 440/4 | €56,740 | €127,187 | +€70,447 | +124% |
| Taxes, remuneration and social security | 45 | €90,810 | €3,328 | -€87,481 | -96.3% |
| Taxes | 450/3 | €89,420 | €61 | -€89,359 | -99.9% |
| Remuneration and social security | 454/9 | €1,389 | €3,267 | +€1,878 | +135% |
| Other amounts payable | 47/48 | €4,535 | €34,656 | +€30,121 | +664% |
| Remuneration, social security and pensions | 62 | €215,667 | €105,652 | -€110,015 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,508 | €97,797 | -€41,711 | -29.9% |
| Other operating charges | 640/8 | €4,514 | €5,547 | +€1,033 | +22.9% |
| Non-recurring operating charges | 66A | €571 | €24,141 | +€23,571 | +4,131% |
| Gross operating margin | 9900 | €862,568 | €691,207 | -€171,360 | -19.9% |
| Operating profit (loss) | 9901 | €502,308 | €458,070 | -€44,238 | -8.8% |
| Financial income | 75/76B | €21,999 | €8,218 | -€13,781 | -62.6% |
| Recurring financial income | 75 | €21,999 | €8,218 | -€13,781 | -62.6% |
| Financial charges | 65/66B | €2,577 | €19,116 | +€16,540 | +642% |
| Recurring financial charges | 65 | €2,577 | €19,116 | +€16,540 | +642% |
| Profit (loss) for the period before taxes | 9903 | €521,730 | €447,172 | -€74,559 | -14.3% |
| Income taxes | 67/77 | €137,017 | €110,412 | -€26,605 | -19.4% |
| Profit (loss) for the period | 9904 | €384,713 | €336,760 | -€47,954 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €384,713 | €336,760 | -€47,954 | -12.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.