AMG²: 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.
What changed
AMG²
NACE 26.400, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5.2m
2024 · €67,641-€5.2m
Equity
€220.5m
2024 · €218.6m+€1.9m
Cash
€1.1m
2024 · €867,443+€214,754
Balance sheet total
€231.7m
2024 · €233.0m-€1.2m
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Revaluation surpluses +€7.0m
up €7.0m (+8.8%), from €80.0m to €87.1m
- Reserves -€5.1m
down €5.1m (-4.9%), from €104.8m to €99.7m
of which Distributable reserves: -€5.1m
- Debts after one year -€2.4m
down €2.4m (-23.9%), from €10.2m to €7.8m
Income statement
- Financial charges +€5.0m
up €5.0m (+1017.9%), from €493,744 to €5.5m
of which Non-recurring financial charges: +€4.6m
- Financial income -€290,827
down €290,827 (-18.4%), from €1.6m to €1.3m
of which Non-recurring financial income: -€268,525
- Depreciation -€218,850
down €218,850 (-22.5%), from €973,054 to €754,204
- Staff costs +€113,213
up €113,213 (+9.6%), from €1.2m to €1.3m
- Other operating income +€107,974
up €107,974 (+41.8%), from €258,259 to €366,233
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.
Result 2024
€67,641
Turnover
+€3,703
Other operating income
+€107,974
Services and other goods
-€72,535
Staff costs
-€113,213
Depreciation
+€218,850
Other operating charges
-€2,589
Other operating items
-€43,721
Financial income
-€290,827
Financial charges
-€5.0m
Taxes
+€14,659
Deferred taxes and other
-€14,310
Result 2025
-€5.2m
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.
From operations
-€4.4m
Investment
+€612,553
Financing
+€4.0m
Cash 2024
€867,443
From operations (derived)
-€4.4m
Net result for the year
-€5.2m
Depreciation
+€754,204
Receivables within one year
+€93,309
Smaller working-capital items
-€9,238
Trade debts
-€54,780
Investment (derived)
+€612,553
Investment in fixed assets (net)
+€612,553
Financing
+€4.0m
Debts after one year
-€2.4m
Current portion of long-term debt
-€626,916
Contributions, distributions and other
+€7.0m
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,967,167 | €231,725,568 | -€1.2m | -0.5% |
| Fixed assets | 21/28 | €224,035,811 | €222,669,054 | -€1.4m | -0.6% |
| Intangible fixed assets | 21 | €1,325,563 | €785,288 | -€540,275 | -40.8% |
| Tangible fixed assets | 22/27 | €2,920,582 | €3,246,337 | +€325,755 | +11.2% |
| Land and buildings | 22 | €2,769,553 | €3,103,430 | +€333,877 | +12.1% |
| Furniture and vehicles | 24 | €151,029 | €142,907 | -€8,122 | -5.4% |
| Financial fixed assets | 28 | €219,789,666 | €218,637,429 | -€1.2m | -0.5% |
| Affiliated companies | 280/1 | €218,868,293 | €217,716,056 | -€1.2m | -0.5% |
| Participating interests | 280 | €201,866,341 | €204,453,648 | +€2.6m | +1.3% |
| Amounts receivable | 281 | €17,001,952 | €13,262,408 | -€3.7m | -22.0% |
| Companies linked by participating interests | 282/3 | €917,174 | €917,174 | = | 0.0% |
| Participating interests | 282 | €917,174 | €917,174 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,199 | €4,199 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,199 | €4,199 | = | 0.0% |
| Current assets | 29/58 | €8,931,356 | €9,056,514 | +€125,158 | +1.4% |
| Amounts receivable after more than one year | 29 | €5,000,000 | €5,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000,000 | €5,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,748,477 | €2,655,168 | -€93,309 | -3.4% |
| Trade receivables | 40 | €369,066 | €457,477 | +€88,411 | +24.0% |
| Other amounts receivable | 41 | €2,379,411 | €2,197,691 | -€181,720 | -7.6% |
| Cash at bank and in hand | 54/58 | €867,443 | €1,082,197 | +€214,754 | +24.8% |
| Deferred charges and accrued income | 490/1 | €315,436 | €319,149 | +€3,713 | +1.2% |
| Total equity and liabilities | 10/49 | €232,967,167 | €231,725,568 | -€1.2m | -0.5% |
| Equity | 10/15 | €218,609,242 | €220,493,126 | +€1.9m | +0.9% |
| Contributions | 10/11 | €33,762,418 | €33,762,418 | = | 0.0% |
| Revaluation surpluses | 12 | €80,026,187 | €87,060,409 | +€7.0m | +8.8% |
| Reserves | 13 | €104,785,426 | €99,670,299 | -€5.1m | -4.9% |
| Tax-exempt reserves | 132 | €844,792 | €842,000 | -€2,792 | -0.3% |
| Distributable reserves | 133 | €103,940,634 | €98,828,299 | -€5.1m | -4.9% |
| Profit (loss) carried forward | 14 | €35,211 | - | -€35,211 | |
| Provisions and deferred taxes | 16 | €46,453 | €42,137 | -€4,316 | -9.3% |
| Deferred taxes | 168 | €46,453 | €42,137 | -€4,316 | -9.3% |
| Amounts payable | 17/49 | €14,311,472 | €11,190,305 | -€3.1m | -21.8% |
| Amounts payable after more than one year | 17 | €10,210,394 | €7,772,132 | -€2.4m | -23.9% |
| Financial debts | 170/4 | €10,210,394 | €7,772,132 | -€2.4m | -23.9% |
| Credit institutions | 173 | €9,449,076 | €6,535,467 | -€2.9m | -30.8% |
| Other loans | 174 | €761,318 | €1,236,665 | +€475,347 | +62.4% |
| Amounts payable within one year | 42/48 | €4,101,078 | €3,418,173 | -€682,905 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €3,077,021 | €2,450,105 | -€626,916 | -20.4% |
| Trade debts | 44 | €759,850 | €705,070 | -€54,780 | -7.2% |
| Suppliers | 440/4 | €759,850 | €705,070 | -€54,780 | -7.2% |
| Taxes, remuneration and social security | 45 | €264,207 | €262,998 | -€1,209 | -0.5% |
| Taxes | 450/3 | €11,323 | €12,835 | +€1,512 | +13.4% |
| Remuneration and social security | 454/9 | €252,884 | €250,163 | -€2,721 | -1.1% |
| Operating income | 70/76A | €3,802,870 | €3,870,826 | +€67,956 | +1.8% |
| Turnover | 70 | €3,500,890 | €3,504,593 | +€3,703 | +0.1% |
| Other operating income | 74 | €258,259 | €366,233 | +€107,974 | +41.8% |
| Non-recurring operating income | 76A | €43,721 | - | -€43,721 | |
| Operating charges | 60/66A | €4,843,983 | €4,813,470 | -€30,513 | -0.6% |
| Services and other goods | 61 | €2,677,721 | €2,750,256 | +€72,535 | +2.7% |
| Remuneration, social security and pensions | 62 | €1,177,949 | €1,291,162 | +€113,213 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973,054 | €754,204 | -€218,850 | -22.5% |
| Other operating charges | 640/8 | €15,259 | €17,848 | +€2,589 | +17.0% |
| Operating profit (loss) | 9901 | -€1,041,113 | -€942,644 | +€98,469 | +9.5% |
| Financial income | 75/76B | €1,582,806 | €1,291,979 | -€290,827 | -18.4% |
| Recurring financial income | 75 | €1,314,281 | €1,291,979 | -€22,302 | -1.7% |
| Income from financial fixed assets | 750 | €350,000 | - | -€350,000 | |
| Income from current assets | 751 | €939,641 | €771,156 | -€168,485 | -17.9% |
| Other financial income | 752/9 | €24,640 | €520,823 | +€496,183 | +2013.7% |
| Non-recurring financial income | 76B | €268,525 | - | -€268,525 | |
| Financial charges | 65/66B | €493,744 | €5,519,712 | +€5.0m | +1017.9% |
| Recurring financial charges | 65 | €493,744 | €957,496 | +€463,752 | +93.9% |
| Debt charges | 650 | €456,771 | €396,159 | -€60,612 | -13.3% |
| Other financial charges | 652/9 | €36,973 | €561,337 | +€524,364 | +1418.2% |
| Non-recurring financial charges | 66B | - | €4,562,216 | +€4.6m | |
| Profit (loss) for the period before taxes | 9903 | €47,949 | -€5,170,377 | -€5.2m | |
| Transfer from deferred taxes | 780 | €18,626 | €4,316 | -€14,310 | -76.8% |
| Income taxes | 67/77 | -€1,066 | -€15,725 | -€14,659 | -1375.1% |
| Taxes | 670/3 | €17,510 | €900 | -€16,610 | -94.9% |
| Tax adjustments and reversals of tax provisions | 77 | €18,576 | €16,625 | -€1,951 | -10.5% |
| Profit (loss) for the period | 9904 | €67,641 | -€5,150,336 | -€5.2m | |
| Transfer from tax-exempt reserves | 789 | €1,783,375 | €9,368 | -€1.8m | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,851,016 | -€5,140,968 | -€7.0m |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.