AML MANAGEMENT: what changed
AML MANAGEMENT
Largest movements
- Financial fixed assets -€130,000
down €130,000 (-51.0%), from €255,000 to €125,000
- Cash +€14,652
up €14,652 (+142%), from €10,291 to €24,943
mainly Investment in fixed assets (net) (+€122,584) and Tax, wage and social debts (+€13,725)
- Tangible fixed assets -€5,062
down €5,062 (-5.2%), from €97,061 to €91,999
of which Land and buildings: -€10,998
- Debts after one year -€72,816
down €72,816 (-68.2%), from €106,723 to €33,907
- Trade debts -€34,288
down €34,288 (-92.8%), from €36,960 to €2,672
- Current portion of long-term debt -€16,060
down €16,060 (-51.4%), from €31,216 to €15,156
- Other debts -€14,281
down €14,281 (-38.1%), from €37,523 to €23,242
- Tax, wage and social debts +€13,725
up €13,725 (+22.3%), from €61,607 to €75,332
- Gross operating margin -€38,884
down €38,884 (-37.7%), from €103,005 to €64,121
- Financial charges +€26,478
up €26,478 (+260%), from €10,176 to €36,654
of which Non-recurring financial charges: +€32,094
- Depreciation -€13,781
down €13,781 (-52.5%), from €26,259 to €12,478
- Taxes -€10,882
down €10,882 (-47.8%), from €22,771 to €11,889
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,848 | €327,389 | -€121,459 | -27.1% |
| Fixed assets | 21/28 | €352,061 | €216,999 | -€135,062 | -38.4% |
| Tangible fixed assets | 22/27 | €97,061 | €91,999 | -€5,062 | -5.2% |
| Land and buildings | 22 | €96,211 | €85,213 | -€10,998 | -11.4% |
| Plant, machinery and equipment | 23 | - | €2,610 | +€2,610 | |
| Furniture and vehicles | 24 | €850 | €4,176 | +€3,326 | +391% |
| Financial fixed assets | 28 | €255,000 | €125,000 | -€130,000 | -51.0% |
| Current assets | 29/58 | €96,787 | €110,390 | +€13,603 | +14.1% |
| Amounts receivable within one year | 40/41 | €86,496 | €85,447 | -€1,049 | -1.2% |
| Trade receivables | 40 | €86,496 | €85,447 | -€1,049 | -1.2% |
| Cash at bank and in hand | 54/58 | €10,291 | €24,943 | +€14,652 | +142% |
| Total equity and liabilities | 10/49 | €448,848 | €327,389 | -€121,459 | -27.1% |
| Equity | 10/15 | €174,819 | €177,080 | +€2,261 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,219 | €158,480 | +€2,261 | +1.4% |
| Amounts payable | 17/49 | €274,029 | €150,309 | -€123,720 | -45.1% |
| Amounts payable after more than one year | 17 | €106,723 | €33,907 | -€72,816 | -68.2% |
| Financial debts | 170/4 | €106,723 | €33,907 | -€72,816 | -68.2% |
| Amounts payable within one year | 42/48 | €167,306 | €116,402 | -€50,904 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €31,216 | €15,156 | -€16,060 | -51.4% |
| Trade debts | 44 | €36,960 | €2,672 | -€34,288 | -92.8% |
| Suppliers | 440/4 | €36,960 | €2,672 | -€34,288 | -92.8% |
| Taxes, remuneration and social security | 45 | €61,607 | €75,332 | +€13,725 | +22.3% |
| Taxes | 450/3 | €61,607 | €75,332 | +€13,725 | +22.3% |
| Other amounts payable | 47/48 | €37,523 | €23,242 | -€14,281 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,259 | €12,478 | -€13,781 | -52.5% |
| Other operating charges | 640/8 | €387 | €839 | +€452 | +117% |
| Gross operating margin | 9900 | €103,005 | €64,121 | -€38,884 | -37.7% |
| Operating profit (loss) | 9901 | €76,359 | €50,804 | -€25,555 | -33.5% |
| Financial charges | 65/66B | €10,176 | €36,654 | +€26,478 | +260% |
| Recurring financial charges | 65 | €10,176 | €4,560 | -€5,616 | -55.2% |
| Non-recurring financial charges | 66B | - | €32,094 | +€32,094 | |
| Profit (loss) for the period before taxes | 9903 | €66,183 | €14,150 | -€52,033 | -78.6% |
| Income taxes | 67/77 | €22,771 | €11,889 | -€10,882 | -47.8% |
| Profit (loss) for the period | 9904 | €43,412 | €2,261 | -€41,151 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,412 | €2,261 | -€41,151 | -94.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.