AMMO: 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.
AMMO
Largest movements
- Current investments +€87,807
up €87,807, from €0 to €87,807
- Cash -€71,401
down €71,401 (-64.1%), from €111,426 to €40,025
mainly Current investments (-€87,807) and Investment in fixed assets (net) (-€24,160)
- Receivables within one year -€11,432
down €11,432 (-58.0%), from €19,700 to €8,269
of which Trade receivables: -€11,427
- Tangible fixed assets +€11,011
up €11,011 (+42.5%), from €25,927 to €36,938
of which Furniture and vehicles: +€6,714
- Reserves +€28,088
up €28,088 (+23.6%), from €118,771 to €146,859
- Tax, wage and social debts -€9,641
down €9,641 (-53.3%), from €18,074 to €8,433
of which Taxes: -€7,423
- Debts after one year -€6,209
down €6,209 (-49.1%), from €12,641 to €6,433
- Other debts +€4,216
up €4,216 (+228%), from €1,852 to €6,069
- Gross operating margin -€17,591
down €17,591 (-22.8%), from €77,050 to €59,459
- Taxes -€5,330
down €5,330 (-24.7%), from €21,566 to €16,236
- Depreciation +€3,756
up €3,756 (+40.0%), from €9,392 to €13,148
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 | €158,961 | €175,905 | +€16,944 | +10.7% |
| Fixed assets | 21/28 | €25,927 | €36,938 | +€11,011 | +42.5% |
| Tangible fixed assets | 22/27 | €25,927 | €36,938 | +€11,011 | +42.5% |
| Plant, machinery and equipment | 23 | €24,112 | €28,409 | +€4,298 | +17.8% |
| Furniture and vehicles | 24 | €1,815 | €8,529 | +€6,714 | +370% |
| Current assets | 29/58 | €133,034 | €138,966 | +€5,933 | +4.5% |
| Amounts receivable within one year | 40/41 | €19,700 | €8,269 | -€11,432 | -58.0% |
| Trade receivables | 40 | €19,696 | €8,269 | -€11,427 | -58.0% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Current investments | 50/53 | €0 | €87,807 | +€87,807 | |
| Cash at bank and in hand | 54/58 | €111,426 | €40,025 | -€71,401 | -64.1% |
| Deferred charges and accrued income | 490/1 | €1,908 | €2,866 | +€958 | +50.2% |
| Total equity and liabilities | 10/49 | €158,961 | €175,905 | +€16,944 | +10.7% |
| Equity | 10/15 | €119,771 | €147,859 | +€28,088 | +23.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €118,771 | €146,859 | +€28,088 | +23.6% |
| Distributable reserves | 133 | €118,771 | €146,859 | +€28,088 | +23.6% |
| Amounts payable | 17/49 | €39,190 | €28,045 | -€11,144 | -28.4% |
| Amounts payable after more than one year | 17 | €12,641 | €6,433 | -€6,209 | -49.1% |
| Financial debts | 170/4 | €12,641 | €6,433 | -€6,209 | -49.1% |
| Amounts payable within one year | 42/48 | €26,548 | €21,613 | -€4,936 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €5,992 | €6,209 | +€216 | +3.6% |
| Trade debts | 44 | €629 | €902 | +€273 | +43.4% |
| Suppliers | 440/4 | €629 | €902 | +€273 | +43.4% |
| Taxes, remuneration and social security | 45 | €18,074 | €8,433 | -€9,641 | -53.3% |
| Taxes | 450/3 | €13,009 | €5,586 | -€7,423 | -57.1% |
| Remuneration and social security | 454/9 | €5,066 | €2,848 | -€2,218 | -43.8% |
| Other amounts payable | 47/48 | €1,852 | €6,069 | +€4,216 | +228% |
| Non-recurring operating income | 76A | €99 | €0 | -€99 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,392 | €13,148 | +€3,756 | +40.0% |
| Other operating charges | 640/8 | €491 | €606 | +€115 | +23.3% |
| Non-recurring operating charges | 66A | €442 | €0 | -€442 | -100% |
| Gross operating margin | 9900 | €77,050 | €59,459 | -€17,591 | -22.8% |
| Operating profit (loss) | 9901 | €66,724 | €45,705 | -€21,020 | -31.5% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €1,332 | €1,385 | +€53 | +4.0% |
| Recurring financial charges | 65 | €1,332 | €1,385 | +€53 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €65,393 | €44,324 | -€21,069 | -32.2% |
| Income taxes | 67/77 | €21,566 | €16,236 | -€5,330 | -24.7% |
| Profit (loss) for the period | 9904 | €43,827 | €28,088 | -€15,739 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,827 | €28,088 | -€15,739 | -35.9% |
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 26 October 2026 via checked.be.