AMG Infra: 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.
AMG Infra
Largest movements
- Receivables within one year +€63,962
up €63,962 (+178%), from €35,918 to €99,880
of which Other amounts receivable: +€64,640
- Cash +€17,449
up €17,449 (+203%), from €8,578 to €26,026
mainly Net result for the year (+€48,350) and Tax, wage and social debts (+€28,307)
- Tangible fixed assets +€5,599
new in 2025: €5,599
of which Furniture and vehicles: +€4,959
- Reserves +€48,350
up €48,350 (+44.6%), from €108,409 to €156,759
- Tax, wage and social debts +€28,307
up €28,307 (+69.7%), from €40,597 to €68,905
- Trade debts +€9,404
up €9,404 (+541%), from €1,737 to €11,141
- Current portion of long-term debt +€3,047
up €3,047 (+311%), from €979 to €4,026
- Gross operating margin -€30,231
down €30,231 (-25.2%), from €119,832 to €89,601
- Other operating charges +€2,034
up €2,034 (+527%), from €386 to €2,420
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 | €196,754 | €286,562 | +€89,808 | +45.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €5,599 | +€5,599 | |
| Tangible fixed assets | 22/27 | - | €5,599 | +€5,599 | |
| Plant, machinery and equipment | 23 | - | €640 | +€640 | |
| Furniture and vehicles | 24 | - | €4,959 | +€4,959 | |
| Current assets | 29/58 | €196,754 | €280,963 | +€84,209 | +42.8% |
| Amounts receivable after more than one year | 29 | €152,258 | €152,258 | = | 0.0% |
| Other amounts receivable | 291 | €152,258 | €152,258 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,918 | €99,880 | +€63,962 | +178% |
| Trade receivables | 40 | €33,258 | €32,579 | -€678 | -2.0% |
| Other amounts receivable | 41 | €2,661 | €67,301 | +€64,640 | +2,430% |
| Cash at bank and in hand | 54/58 | €8,578 | €26,026 | +€17,449 | +203% |
| Deferred charges and accrued income | 490/1 | - | €2,799 | +€2,799 | |
| Total equity and liabilities | 10/49 | €196,754 | €286,562 | +€89,808 | +45.6% |
| Equity | 10/15 | €153,442 | €201,791 | +€48,350 | +31.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €108,409 | €156,759 | +€48,350 | +44.6% |
| Distributable reserves | 133 | €108,409 | €156,759 | +€48,350 | +44.6% |
| Profit (loss) carried forward | 14 | €42,032 | €42,032 | = | 0.0% |
| Amounts payable | 17/49 | €43,313 | €84,771 | +€41,458 | +95.7% |
| Amounts payable within one year | 42/48 | €43,313 | €84,771 | +€41,458 | +95.7% |
| Current portion of amounts payable after more than one year | 42 | €979 | €4,026 | +€3,047 | +311% |
| Trade debts | 44 | €1,737 | €11,141 | +€9,404 | +541% |
| Suppliers | 440/4 | €1,737 | €11,141 | +€9,404 | +541% |
| Taxes, remuneration and social security | 45 | €40,597 | €68,905 | +€28,307 | +69.7% |
| Taxes | 450/3 | €40,597 | €68,905 | +€28,307 | +69.7% |
| Other amounts payable | 47/48 | - | €700 | +€700 | |
| Remuneration, social security and pensions | 62 | €232 | €342 | +€110 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €339 | +€339 | |
| Other operating charges | 640/8 | €386 | €2,420 | +€2,034 | +527% |
| Gross operating margin | 9900 | €119,832 | €89,601 | -€30,231 | -25.2% |
| Operating profit (loss) | 9901 | €119,213 | €86,500 | -€32,713 | -27.4% |
| Financial income | 75/76B | €5 | €4 | -€1 | -27.4% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -27.4% |
| Financial charges | 65/66B | €1,370 | €1,087 | -€283 | -20.6% |
| Recurring financial charges | 65 | €1,370 | €1,087 | -€283 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €117,848 | €85,416 | -€32,432 | -27.5% |
| Income taxes | 67/77 | €36,928 | €37,067 | +€139 | +0.4% |
| Profit (loss) for the period | 9904 | €80,921 | €48,350 | -€32,571 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,921 | €48,350 | -€32,571 | -40.3% |
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 27 October 2026 via checked.be.