AMO: 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.
What changed
AMO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €3.2m-€1.4m
Equity
€30.0m
2024 · €28.5m+€1.5m
Cash
€206,710
2024 · €202,227+€4,483
Balance sheet total
€30.9m
2024 · €29.9m+€975,829
Largest movements
Assets
- Current investments +€1.0m
up €1.0m (+11.2%), from €9.3m to €10.3m
Equity and liabilities
- Reserves +€1.5m
up €1.5m (+11.0%), from €13.4m to €14.9m
of which Distributable reserves: +€1.5m
- Other debts -€635,137
down €635,137 (-66.0%), from €961,914 to €326,777
Income statement
- Financial income -€1.3m
down €1.3m (-37.7%), from €3.5m to €2.2m
- Turnover -€694,976
no longer reported in 2025 (was €694,976)
- Purchases and services -€602,867
no longer reported in 2025 (was €602,867)
- Gross operating margin -€141,064
down €141,064 (-58.9%), from €239,464 to €98,400
- Financial charges +€103,316
up €103,316 (+132.4%), from €78,037 to €181,353
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.
Result 2024
€3.2m
Gross operating margin
-€141,064
Depreciation
+€3,643
Other operating charges
+€845
Other operating items
+€100,144
Financial income
-€1.3m
Financial charges
-€103,316
Taxes
+€101,506
Result 2025
€1.8m
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.
From operations
+€1.4m
Investment
-€1.0m
Financing
-€326,777
Cash 2024
€202,227
From operations (derived)
+€1.4m
Net result for the year
+€1.8m
Depreciation
+€28,374
Receivables within one year
+€36,932
Deferred charges and accrued income
-€1,278
Trade debts
+€37,018
Tax, wage and social debts
+€105,195
Other debts
-€635,137
Investment (derived)
-€1.0m
Current investments
-€1.0m
Financing
-€326,777
Contributions, distributions and other
-€326,777
Cash 2025
€206,710
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,880,616 | €30,856,445 | +€975,829 | +3.3% |
| Fixed assets | 21/28 | €20,349,921 | €20,321,548 | -€28,374 | -0.1% |
| Tangible fixed assets | 22/27 | €255,155 | €226,781 | -€28,374 | -11.1% |
| Land and buildings | 22 | €172,597 | €164,776 | -€7,821 | -4.5% |
| Plant, machinery and equipment | 23 | €947 | €585 | -€362 | -38.2% |
| Furniture and vehicles | 24 | €78,837 | €61,421 | -€17,416 | -22.1% |
| Other tangible fixed assets | 26 | €2,774 | €0 | -€2,774 | -100.0% |
| Financial fixed assets | 28 | €20,094,767 | €20,094,767 | = | 0.0% |
| Current assets | 29/58 | €9,530,695 | €10,534,897 | +€1.0m | +10.5% |
| Amounts receivable within one year | 40/41 | €55,863 | €18,931 | -€36,932 | -66.1% |
| Trade receivables | 40 | €22,150 | €15,658 | -€6,491 | -29.3% |
| Other amounts receivable | 41 | €33,714 | €3,273 | -€30,441 | -90.3% |
| Current investments | 50/53 | €9,272,605 | €10,307,978 | +€1.0m | +11.2% |
| Cash at bank and in hand | 54/58 | €202,227 | €206,710 | +€4,483 | +2.2% |
| Deferred charges and accrued income | 490/1 | - | €1,278 | +€1,278 | |
| Total equity and liabilities | 10/49 | €29,880,616 | €30,856,445 | +€975,829 | +3.3% |
| Equity | 10/15 | €28,490,883 | €29,959,636 | +€1.5m | +5.2% |
| Contributions | 10/11 | €15,095,644 | €15,095,644 | = | 0.0% |
| Capital | 10 | €15,095,644 | €15,095,644 | = | 0.0% |
| Issued capital | 100 | €15,095,644 | €15,095,644 | = | 0.0% |
| Reserves | 13 | €13,395,239 | €14,863,992 | +€1.5m | +11.0% |
| Non-distributable reserves | 130/1 | €1,931,200 | €1,931,200 | = | 0.0% |
| Legal reserve | 130 | €1,931,200 | €1,931,200 | = | 0.0% |
| Distributable reserves | 133 | €11,464,039 | €12,932,792 | +€1.5m | +12.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,389,733 | €896,809 | -€492,924 | -35.5% |
| Amounts payable within one year | 42/48 | €1,389,733 | €896,809 | -€492,924 | -35.5% |
| Trade debts | 44 | €50,632 | €87,650 | +€37,018 | +73.1% |
| Suppliers | 440/4 | €50,632 | €87,650 | +€37,018 | +73.1% |
| Taxes, remuneration and social security | 45 | €377,187 | €482,382 | +€105,195 | +27.9% |
| Taxes | 450/3 | €377,187 | €482,382 | +€105,195 | +27.9% |
| Other amounts payable | 47/48 | €961,914 | €326,777 | -€635,137 | -66.0% |
| Turnover | 70 | €694,976 | - | -€694,976 | |
| Goods, raw materials, services and sundry goods | 60/61 | €602,867 | - | -€602,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,016 | €28,374 | -€3,643 | -11.4% |
| Other operating charges | 640/8 | €3,527 | €2,682 | -€845 | -24.0% |
| Non-recurring operating charges | 66A | €100,144 | €0 | -€100,144 | -100.0% |
| Gross operating margin | 9900 | €239,464 | €98,400 | -€141,064 | -58.9% |
| Operating profit (loss) | 9901 | €103,776 | €67,344 | -€36,431 | -35.1% |
| Financial income | 75/76B | €3,493,897 | €2,176,989 | -€1.3m | -37.7% |
| Recurring financial income | 75 | €3,493,897 | €2,176,989 | -€1.3m | -37.7% |
| Financial charges | 65/66B | €78,037 | €181,353 | +€103,316 | +132.4% |
| Recurring financial charges | 65 | €78,037 | €181,353 | +€103,316 | +132.4% |
| Profit (loss) for the period before taxes | 9903 | €3,519,636 | €2,062,980 | -€1.5m | -41.4% |
| Income taxes | 67/77 | €368,957 | €267,451 | -€101,506 | -27.5% |
| Profit (loss) for the period | 9904 | €3,150,679 | €1,795,529 | -€1.4m | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,150,679 | €1,795,529 | -€1.4m | -43.0% |
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 4 October 2026 via checked.be.