AMMEX: 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.
AMMEX
Largest movements
- Receivables within one year +€29,220
up €29,220 (+69.8%), from €41,857 to €71,077
of which Trade receivables: +€35,562
- Stocks and contracts -€17,073
down €17,073 (-64.3%), from €26,567 to €9,494
- Deferred charges and accrued income -€12,214
down €12,214 (-95.4%), from €12,800 to €586
- Cash -€7,780
down €7,780 (-56.0%), from €13,899 to €6,119
mainly Short-term financial debts (-€100,000) and Receivables within one year (-€29,220)
- Tangible fixed assets -€1,144
down €1,144 (-21.2%), from €5,386 to €4,243
of which Furniture and vehicles: -€2,614
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Other debts +€52,668
up €52,668 (+18.4%), from €285,489 to €338,157
- Accrued charges and deferred income +€22,810
new in 2025: €22,810
- Profit (loss) carried forward +€13,774
up €13,774 (+4.3%), from -€319,078 to -€305,304
- Current portion of long-term debt -€6,406
no longer reported in 2025 (was €6,406)
- Gross operating margin +€66,596
up €66,596, from -€11,909 to €54,687
- Financial income -€31,699
down €31,699 (-89.7%), from €35,354 to €3,656
- Financial charges +€24,565
up €24,565 (+218.2%), from €11,260 to €35,826
- Taxes +€3,717
up €3,717 (+1248.2%), from €298 to €4,015
- Depreciation -€1,946
down €1,946 (-38.2%), from €5,089 to €3,144
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 | €102,010 | €93,019 | -€8,990 | -8.8% |
| Fixed assets | 21/28 | €6,886 | €5,743 | -€1,144 | -16.6% |
| Tangible fixed assets | 22/27 | €5,386 | €4,243 | -€1,144 | -21.2% |
| Plant, machinery and equipment | 23 | €1,620 | €3,090 | +€1,470 | +90.8% |
| Furniture and vehicles | 24 | €3,767 | €1,153 | -€2,614 | -69.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €95,123 | €87,276 | -€7,847 | -8.2% |
| Stocks and contracts in progress | 3 | €26,567 | €9,494 | -€17,073 | -64.3% |
| Stocks | 30/36 | €26,567 | €9,494 | -€17,073 | -64.3% |
| Amounts receivable within one year | 40/41 | €41,857 | €71,077 | +€29,220 | +69.8% |
| Trade receivables | 40 | €34,468 | €70,030 | +€35,562 | +103.2% |
| Other amounts receivable | 41 | €7,389 | €1,047 | -€6,342 | -85.8% |
| Cash at bank and in hand | 54/58 | €13,899 | €6,119 | -€7,780 | -56.0% |
| Deferred charges and accrued income | 490/1 | €12,800 | €586 | -€12,214 | -95.4% |
| Total equity and liabilities | 10/49 | €102,010 | €93,019 | -€8,990 | -8.8% |
| Equity | 10/15 | -€300,328 | -€286,554 | +€13,774 | +4.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€319,078 | -€305,304 | +€13,774 | +4.3% |
| Amounts payable | 17/49 | €402,337 | €379,573 | -€22,765 | -5.7% |
| Amounts payable within one year | 42/48 | €402,337 | €356,763 | -€45,574 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €6,406 | - | -€6,406 | |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €9,845 | €14,292 | +€4,447 | +45.2% |
| Suppliers | 440/4 | €9,845 | €14,292 | +€4,447 | +45.2% |
| Taxes, remuneration and social security | 45 | €598 | €4,314 | +€3,716 | +621.6% |
| Taxes | 450/3 | €598 | €4,314 | +€3,716 | +621.6% |
| Other amounts payable | 47/48 | €285,489 | €338,157 | +€52,668 | +18.4% |
| Accrued charges and deferred income | 492/3 | - | €22,810 | +€22,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,089 | €3,144 | -€1,946 | -38.2% |
| Other operating charges | 640/8 | €1,594 | €1,584 | -€9 | -0.6% |
| Gross operating margin | 9900 | -€11,909 | €54,687 | +€66,596 | |
| Operating profit (loss) | 9901 | -€18,592 | €49,959 | +€68,551 | |
| Financial income | 75/76B | €35,354 | €3,656 | -€31,699 | -89.7% |
| Recurring financial income | 75 | €35,354 | €3,656 | -€31,699 | -89.7% |
| Financial charges | 65/66B | €11,260 | €35,826 | +€24,565 | +218.2% |
| Recurring financial charges | 65 | €11,260 | €35,826 | +€24,565 | +218.2% |
| Profit (loss) for the period before taxes | 9903 | €5,502 | €17,789 | +€12,287 | +223.3% |
| Income taxes | 67/77 | €298 | €4,015 | +€3,717 | +1248.2% |
| Profit (loss) for the period | 9904 | €5,204 | €13,774 | +€8,570 | +164.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,204 | €13,774 | +€8,570 | +164.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.