AMFCV: 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.
AMFCV
Largest movements
- Cash +€99,620
up €99,620 (+68.2%), from €146,051 to €245,671
mainly Net result for the year (+€55,974) and Trade debts (+€44,193)
- Tangible fixed assets +€18,588
up €18,588 (+12.8%), from €145,099 to €163,687
of which Furniture and vehicles: +€18,607
- Deferred charges and accrued income -€4,352
down €4,352 (-57.7%), from €7,540 to €3,189
- Profit (loss) carried forward +€55,974
up €55,974 (+164.3%), from €34,072 to €90,045
- Trade debts +€44,193
up €44,193 (+126.8%), from €34,846 to €79,039
- Tax, wage and social debts +€35,144
up €35,144 (+47.4%), from €74,108 to €109,253
of which Taxes: +€25,440
- Debts after one year -€17,500
down €17,500 (-17.4%), from €100,625 to €83,125
- Gross operating margin +€134,419
up €134,419 (+33.0%), from €407,401 to €541,820
- Staff costs +€56,854
up €56,854 (+15.9%), from €357,804 to €414,658
- Taxes +€20,106
up €20,106 (+1443.5%), from €1,393 to €21,499
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 | €305,636 | €423,988 | +€118,352 | +38.7% |
| Fixed assets | 21/28 | €145,099 | €163,687 | +€18,588 | +12.8% |
| Tangible fixed assets | 22/27 | €145,099 | €163,687 | +€18,588 | +12.8% |
| Plant, machinery and equipment | 23 | €131,275 | €131,256 | -€19 | 0.0% |
| Furniture and vehicles | 24 | €13,824 | €32,431 | +€18,607 | +134.6% |
| Current assets | 29/58 | €160,537 | €260,302 | +€99,764 | +62.1% |
| Stocks and contracts in progress | 3 | €3,279 | €3,961 | +€682 | +20.8% |
| Stocks | 30/36 | €3,279 | €3,961 | +€682 | +20.8% |
| Amounts receivable within one year | 40/41 | €3,667 | €7,481 | +€3,814 | +104.0% |
| Trade receivables | 40 | - | €7,481 | +€7,481 | |
| Other amounts receivable | 41 | €3,667 | - | -€3,667 | |
| Cash at bank and in hand | 54/58 | €146,051 | €245,671 | +€99,620 | +68.2% |
| Deferred charges and accrued income | 490/1 | €7,540 | €3,189 | -€4,352 | -57.7% |
| Total equity and liabilities | 10/49 | €305,636 | €423,988 | +€118,352 | +38.7% |
| Equity | 10/15 | €42,132 | €98,105 | +€55,974 | +132.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,072 | €90,045 | +€55,974 | +164.3% |
| Amounts payable | 17/49 | €263,504 | €325,883 | +€62,379 | +23.7% |
| Amounts payable after more than one year | 17 | €100,625 | €83,125 | -€17,500 | -17.4% |
| Financial debts | 170/4 | €100,625 | €83,125 | -€17,500 | -17.4% |
| Amounts payable within one year | 42/48 | €161,861 | €241,890 | +€80,029 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €17,500 | €17,500 | = | 0.0% |
| Trade debts | 44 | €34,846 | €79,039 | +€44,193 | +126.8% |
| Suppliers | 440/4 | €34,846 | €79,039 | +€44,193 | +126.8% |
| Taxes, remuneration and social security | 45 | €74,108 | €109,253 | +€35,144 | +47.4% |
| Taxes | 450/3 | €11,278 | €36,718 | +€25,440 | +225.6% |
| Remuneration and social security | 454/9 | €62,830 | €72,535 | +€9,704 | +15.4% |
| Other amounts payable | 47/48 | €35,407 | €36,099 | +€692 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,018 | €868 | -€150 | -14.8% |
| Remuneration, social security and pensions | 62 | €357,804 | €414,658 | +€56,854 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,796 | €23,661 | +€2,865 | +13.8% |
| Other operating charges | 640/8 | €3,811 | €8,486 | +€4,675 | +122.7% |
| Gross operating margin | 9900 | €407,401 | €541,820 | +€134,419 | +33.0% |
| Operating profit (loss) | 9901 | €24,989 | €95,014 | +€70,025 | +280.2% |
| Financial income | 75/76B | €21 | €10 | -€11 | -53.2% |
| Recurring financial income | 75 | €21 | €10 | -€11 | -53.2% |
| Financial charges | 65/66B | €15,627 | €17,551 | +€1,925 | +12.3% |
| Recurring financial charges | 65 | €15,627 | €17,551 | +€1,925 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €9,384 | €77,473 | +€68,089 | +725.6% |
| Income taxes | 67/77 | €1,393 | €21,499 | +€20,106 | +1443.5% |
| Profit (loss) for the period | 9904 | €7,991 | €55,974 | +€47,983 | +600.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,991 | €55,974 | +€47,983 | +600.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.