AMJ DN: 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.
AMJ DN
Largest movements
- Cash +€25,023
up €25,023 (+151.2%), from €16,552 to €41,575
mainly Net result for the year (+€98,526) and Other debts (+€66,129)
- Tangible fixed assets -€21,304
down €21,304 (-3.0%), from €704,702 to €683,398
of which Land and buildings: -€22,140
- Receivables within one year -€11,717
down €11,717 (-10.2%), from €114,432 to €102,715
of which Other amounts receivable: -€14,282
- Other debts +€66,129
up €66,129 (+79.8%), from €82,917 to €149,046
- Reserves -€51,474
down €51,474 (-33.7%), from €152,917 to €101,442
- Debts after one year -€22,965
down €22,965 (-4.2%), from €546,915 to €523,949
- Gross operating margin +€28,414
up €28,414 (+18.3%), from €155,060 to €183,474
- Taxes +€15,775
up €15,775 (+78.6%), from €20,068 to €35,843
- Financial charges -€3,082
down €3,082 (-10.9%), from €28,307 to €25,225
- Financial income -€2,064
down €2,064 (-85.2%), from €2,423 to €359
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 | €836,075 | €828,019 | -€8,056 | -1.0% |
| Fixed assets | 21/28 | €704,702 | €683,398 | -€21,304 | -3.0% |
| Tangible fixed assets | 22/27 | €704,702 | €683,398 | -€21,304 | -3.0% |
| Land and buildings | 22 | €704,580 | €682,439 | -€22,140 | -3.1% |
| Furniture and vehicles | 24 | €122 | €959 | +€837 | +683.3% |
| Current assets | 29/58 | €131,373 | €144,621 | +€13,247 | +10.1% |
| Amounts receivable within one year | 40/41 | €114,432 | €102,715 | -€11,717 | -10.2% |
| Trade receivables | 40 | €0 | €2,565 | +€2,565 | |
| Other amounts receivable | 41 | €114,432 | €100,150 | -€14,282 | -12.5% |
| Cash at bank and in hand | 54/58 | €16,552 | €41,575 | +€25,023 | +151.2% |
| Deferred charges and accrued income | 490/1 | €389 | €330 | -€59 | -15.1% |
| Total equity and liabilities | 10/49 | €836,075 | €828,019 | -€8,056 | -1.0% |
| Equity | 10/15 | €165,317 | €120,042 | -€45,274 | -27.4% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €152,917 | €101,442 | -€51,474 | -33.7% |
| Distributable reserves | 133 | €152,917 | €101,442 | -€51,474 | -33.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €670,759 | €707,977 | +€37,218 | +5.5% |
| Amounts payable after more than one year | 17 | €546,915 | €523,949 | -€22,965 | -4.2% |
| Financial debts | 170/4 | €546,915 | €523,949 | -€22,965 | -4.2% |
| Amounts payable within one year | 42/48 | €120,039 | €182,207 | +€62,168 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €22,084 | €22,965 | +€882 | +4.0% |
| Financial debts | 43 | €9,890 | €4,894 | -€4,996 | -50.5% |
| Credit institutions | 430/8 | €9,890 | €4,894 | -€4,996 | -50.5% |
| Trade debts | 44 | €3,518 | €3,284 | -€234 | -6.6% |
| Suppliers | 440/4 | €3,518 | €3,284 | -€234 | -6.6% |
| Taxes, remuneration and social security | 45 | €1,631 | €2,019 | +€388 | +23.8% |
| Taxes | 450/3 | €1,631 | €2,019 | +€388 | +23.8% |
| Other amounts payable | 47/48 | €82,917 | €149,046 | +€66,129 | +79.8% |
| Accrued charges and deferred income | 492/3 | €3,806 | €1,820 | -€1,986 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,588 | €22,536 | +€948 | +4.4% |
| Other operating charges | 640/8 | €1,752 | €1,703 | -€49 | -2.8% |
| Gross operating margin | 9900 | €155,060 | €183,474 | +€28,414 | +18.3% |
| Operating profit (loss) | 9901 | €131,720 | €159,235 | +€27,515 | +20.9% |
| Financial income | 75/76B | €2,423 | €359 | -€2,064 | -85.2% |
| Recurring financial income | 75 | €2,423 | €359 | -€2,064 | -85.2% |
| Financial charges | 65/66B | €28,307 | €25,225 | -€3,082 | -10.9% |
| Recurring financial charges | 65 | €28,307 | €25,225 | -€3,082 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €105,836 | €134,369 | +€28,533 | +27.0% |
| Income taxes | 67/77 | €20,068 | €35,843 | +€15,775 | +78.6% |
| Profit (loss) for the period | 9904 | €85,768 | €98,526 | +€12,757 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,768 | €98,526 | +€12,757 | +14.9% |
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.