AMES: 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.
AMES
Largest movements
- Current investments +€1.2m
new in 2025: €1.2m
- Cash -€916,195
down €916,195 (-54.6%), from €1.7m to €762,445
mainly Current investments (-€1.2m) and Contributions, distributions and other (-€682,173)
- Tangible fixed assets -€102,910
down €102,910 (-18.4%), from €560,091 to €457,181
of which Land and buildings: -€133,201
- Other debts +€530,939
up €530,939 (+92.6%), from €573,102 to €1.1m
- Reserves -€410,405
down €410,405 (-31.2%), from €1.3m to €905,494
of which Distributable reserves: -€443,470
- Accrued charges and deferred income +€72,411
up €72,411 (+333.2%), from €21,729 to €94,140
- Trade debts -€41,798
down €41,798 (-58.7%), from €71,259 to €29,461
- Gross operating margin +€117,335
up €117,335 (+19.7%), from €596,090 to €713,426
- Depreciation -€46,977
down €46,977 (-25.3%), from €185,529 to €138,553
- Write-downs +€23,301
no longer reported in 2025 (was -€23,301)
- Staff costs +€10,307
up €10,307 (+11.7%), from €87,727 to €98,035
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 | €2,616,429 | €2,776,342 | +€159,914 | +6.1% |
| Fixed assets | 21/28 | €560,248 | €457,337 | -€102,910 | -18.4% |
| Tangible fixed assets | 22/27 | €560,091 | €457,181 | -€102,910 | -18.4% |
| Land and buildings | 22 | €404,643 | €271,442 | -€133,201 | -32.9% |
| Plant, machinery and equipment | 23 | €2,619 | €1,606 | -€1,013 | -38.7% |
| Furniture and vehicles | 24 | €152,830 | €184,133 | +€31,304 | +20.5% |
| Financial fixed assets | 28 | €156 | €156 | = | 0.0% |
| Current assets | 29/58 | €2,056,181 | €2,319,005 | +€262,824 | +12.8% |
| Stocks and contracts in progress | 3 | €81,826 | €57,673 | -€24,153 | -29.5% |
| Stocks | 30/36 | €47,741 | €48,673 | +€932 | +2.0% |
| Contracts in progress | 37 | €34,085 | €9,000 | -€25,085 | -73.6% |
| Amounts receivable within one year | 40/41 | €288,317 | €275,484 | -€12,833 | -4.5% |
| Trade receivables | 40 | €276,431 | €248,130 | -€28,301 | -10.2% |
| Other amounts receivable | 41 | €11,885 | €27,354 | +€15,468 | +130.1% |
| Current investments | 50/53 | - | €1,220,000 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €1,678,640 | €762,445 | -€916,195 | -54.6% |
| Deferred charges and accrued income | 490/1 | €7,399 | €3,404 | -€3,995 | -54.0% |
| Total equity and liabilities | 10/49 | €2,616,429 | €2,776,342 | +€159,914 | +6.1% |
| Equity | 10/15 | €1,863,643 | €1,453,238 | -€410,405 | -22.0% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €1,315,898 | €905,494 | -€410,405 | -31.2% |
| Tax-exempt reserves | 132 | €38,130 | €71,196 | +€33,066 | +86.7% |
| Distributable reserves | 133 | €1,277,768 | €834,298 | -€443,470 | -34.7% |
| Profit (loss) carried forward | 14 | €279,144 | €279,144 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €11,022 | +€11,022 | |
| Deferred taxes | 168 | - | €11,022 | +€11,022 | |
| Amounts payable | 17/49 | €752,786 | €1,312,082 | +€559,296 | +74.3% |
| Amounts payable within one year | 42/48 | €731,057 | €1,217,942 | +€486,885 | +66.6% |
| Trade debts | 44 | €71,259 | €29,461 | -€41,798 | -58.7% |
| Suppliers | 440/4 | €71,259 | €29,461 | -€41,798 | -58.7% |
| Taxes, remuneration and social security | 45 | €86,696 | €84,440 | -€2,256 | -2.6% |
| Taxes | 450/3 | €61,184 | €55,038 | -€6,147 | -10.0% |
| Remuneration and social security | 454/9 | €25,512 | €29,402 | +€3,891 | +15.3% |
| Other amounts payable | 47/48 | €573,102 | €1,104,040 | +€530,939 | +92.6% |
| Accrued charges and deferred income | 492/3 | €21,729 | €94,140 | +€72,411 | +333.2% |
| Non-recurring operating income | 76A | €14,214 | €45,000 | +€30,786 | +216.6% |
| Remuneration, social security and pensions | 62 | €87,727 | €98,035 | +€10,307 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,529 | €138,553 | -€46,977 | -25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€23,301 | - | +€23,301 | |
| Other operating charges | 640/8 | €22,869 | €27,749 | +€4,880 | +21.3% |
| Non-recurring operating charges | 66A | - | €54,358 | +€54,358 | |
| Gross operating margin | 9900 | €596,090 | €713,426 | +€117,335 | +19.7% |
| Operating profit (loss) | 9901 | €323,266 | €394,732 | +€71,466 | +22.1% |
| Financial income | 75/76B | €20,003 | €20,292 | +€289 | +1.4% |
| Recurring financial income | 75 | €20,003 | €20,292 | +€289 | +1.4% |
| Financial charges | 65/66B | €30,569 | €29,662 | -€907 | -3.0% |
| Recurring financial charges | 65 | €30,569 | €29,662 | -€907 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €312,700 | €385,362 | +€72,663 | +23.2% |
| Transfer from deferred taxes | 780 | - | €228 | +€228 | |
| Transfer to deferred taxes | 680 | - | €11,250 | +€11,250 | |
| Income taxes | 67/77 | €95,691 | €102,572 | +€6,881 | +7.2% |
| Profit (loss) for the period | 9904 | €217,008 | €271,768 | +€54,760 | +25.2% |
| Transfer from tax-exempt reserves | 789 | - | €684 | +€684 | |
| Transfer to tax-exempt reserves | 689 | - | €33,750 | +€33,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €217,008 | €238,702 | +€21,694 | +10.0% |
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 3 October 2026 via checked.be.