AMMDA: 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.
AMMDA
Largest movements
- Receivables within one year -€36,453
down €36,453 (-84.4%), from €43,173 to €6,720
of which Trade receivables: -€21,755
- Tangible fixed assets -€34,168
down €34,168 (-16.9%), from €201,750 to €167,582
of which Leasing and similar rights: -€27,290
- Other debts -€43,823
down €43,823 (-7.4%), from €589,127 to €545,304
- Profit (loss) carried forward +€19,537
up €19,537 (+4.3%), from €457,087 to €476,624
- Debts after one year -€19,313
down €19,313 (-21.4%), from €90,440 to €71,128
- Gross operating margin -€66,057
down €66,057 (-55.1%), from €119,797 to €53,740
- Depreciation +€14,539
up €14,539 (+63.2%), from €23,017 to €37,557
- Other operating charges -€11,297
down €11,297 (-69.5%), from €16,244 to €4,947
- Taxes -€9,448
down €9,448 (-47.0%), from €20,093 to €10,645
- Financial charges +€2,177
up €2,177 (+68.4%), from €3,182 to €5,360
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 | €1,198,763 | €1,145,753 | -€53,010 | -4.4% |
| Fixed assets | 21/28 | €925,345 | €897,483 | -€27,862 | -3.0% |
| Tangible fixed assets | 22/27 | €201,750 | €167,582 | -€34,168 | -16.9% |
| Land and buildings | 22 | €58,409 | €53,215 | -€5,194 | -8.9% |
| Furniture and vehicles | 24 | €24,607 | €22,922 | -€1,684 | -6.8% |
| Leasing and similar rights | 25 | €118,734 | €91,444 | -€27,290 | -23.0% |
| Financial fixed assets | 28 | €723,595 | €729,901 | +€6,306 | +0.9% |
| Current assets | 29/58 | €273,418 | €248,270 | -€25,148 | -9.2% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,173 | €6,720 | -€36,453 | -84.4% |
| Trade receivables | 40 | €21,755 | - | -€21,755 | |
| Other amounts receivable | 41 | €21,418 | €6,720 | -€14,698 | -68.6% |
| Cash at bank and in hand | 54/58 | €5,860 | €17,094 | +€11,234 | +191.7% |
| Deferred charges and accrued income | 490/1 | €24,386 | €24,457 | +€71 | +0.3% |
| Total equity and liabilities | 10/49 | €1,198,763 | €1,145,753 | -€53,010 | -4.4% |
| Equity | 10/15 | €471,347 | €490,884 | +€19,537 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €457,087 | €476,624 | +€19,537 | +4.3% |
| Amounts payable | 17/49 | €727,416 | €654,869 | -€72,547 | -10.0% |
| Amounts payable after more than one year | 17 | €90,440 | €71,128 | -€19,313 | -21.4% |
| Financial debts | 170/4 | €90,440 | €71,128 | -€19,313 | -21.4% |
| Amounts payable within one year | 42/48 | €636,976 | €583,742 | -€53,234 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €25,749 | €19,313 | -€6,436 | -25.0% |
| Trade debts | 44 | €13,766 | €12,005 | -€1,760 | -12.8% |
| Suppliers | 440/4 | €13,766 | €12,005 | -€1,760 | -12.8% |
| Taxes, remuneration and social security | 45 | €8,334 | €7,119 | -€1,215 | -14.6% |
| Taxes | 450/3 | €8,334 | €7,119 | -€1,215 | -14.6% |
| Other amounts payable | 47/48 | €589,127 | €545,304 | -€43,823 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,017 | €37,557 | +€14,539 | +63.2% |
| Other operating charges | 640/8 | €16,244 | €4,947 | -€11,297 | -69.5% |
| Gross operating margin | 9900 | €119,797 | €53,740 | -€66,057 | -55.1% |
| Operating profit (loss) | 9901 | €80,536 | €11,236 | -€69,300 | -86.0% |
| Financial income | 75/76B | €24,219 | €24,306 | +€87 | +0.4% |
| Recurring financial income | 75 | €24,219 | €24,306 | +€87 | +0.4% |
| Financial charges | 65/66B | €3,182 | €5,360 | +€2,177 | +68.4% |
| Recurring financial charges | 65 | €3,182 | €5,360 | +€2,177 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €101,573 | €30,182 | -€71,390 | -70.3% |
| Income taxes | 67/77 | €20,093 | €10,645 | -€9,448 | -47.0% |
| Profit (loss) for the period | 9904 | €81,480 | €19,537 | -€61,942 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,480 | €19,537 | -€61,942 | -76.0% |
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 29 September 2026 via checked.be.