AMO ZIGZAG: 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.
AMO ZIGZAG
Largest movements
- Cash -€158,066
down €158,066 (-44.7%), from €354,005 to €195,939
mainly Debts within one year (-€109,480) and Receivables within one year (-€50,015)
- Receivables within one year +€50,015
up €50,015 (+56.4%), from €88,626 to €138,641
of which Other amounts receivable: +€41,005
- Tangible fixed assets +€23,526
up €23,526 (+7.8%), from €301,307 to €324,833
of which Plant, machinery and equipment: +€36,448
- Debts within one year -€109,480
down €109,480 (-43.8%), from €250,239 to €140,759
of which Tax, wage and social debts: -€61,204
- Profit (loss) carried forward +€24,194
up €24,194 (+18.7%), from €129,646 to €153,840
- Investment grants +€22,647
up €22,647 (+30.0%), from €75,577 to €98,224
- Accrued charges and deferred income -€17,580
down €17,580 (-14.1%), from €124,518 to €106,938
- Debts after one year -€10,211
down €10,211 (-5.9%), from €173,520 to €163,309
- Gross operating margin +€23,072
up €23,072 (+3.3%), from €693,765 to €716,837
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 | €753,500 | €663,070 | -€90,430 | -12.0% |
| Fixed assets | 21/28 | €301,307 | €326,194 | +€24,887 | +8.3% |
| Tangible fixed assets | 22/27 | €301,307 | €324,833 | +€23,526 | +7.8% |
| Land and buildings | 22 | €236,170 | €227,798 | -€8,372 | -3.5% |
| Plant, machinery and equipment | 23 | €46,937 | €83,385 | +€36,448 | +77.7% |
| Furniture and vehicles | 24 | €18,200 | €13,650 | -€4,550 | -25.0% |
| Financial fixed assets | 28 | - | €1,361 | +€1,361 | |
| Current assets | 29/58 | €452,193 | €336,876 | -€115,317 | -25.5% |
| Amounts receivable within one year | 40/41 | €88,626 | €138,641 | +€50,015 | +56.4% |
| Trade receivables | 40 | €31,377 | €40,387 | +€9,010 | +28.7% |
| Other amounts receivable | 41 | €57,249 | €98,254 | +€41,005 | +71.6% |
| Cash at bank and in hand | 54/58 | €354,005 | €195,939 | -€158,066 | -44.7% |
| Deferred charges and accrued income | 490/1 | €9,562 | €2,296 | -€7,266 | -76.0% |
| Total equity and liabilities | 10/49 | €753,500 | €663,070 | -€90,430 | -12.0% |
| Equity | 10/15 | €205,223 | €252,064 | +€46,841 | +22.8% |
| Profit (loss) carried forward | 14 | €129,646 | €153,840 | +€24,194 | +18.7% |
| Investment grants | 15 | €75,577 | €98,224 | +€22,647 | +30.0% |
| Amounts payable | 17/49 | €548,277 | €411,006 | -€137,271 | -25.0% |
| Amounts payable after more than one year | 17 | €173,520 | €163,309 | -€10,211 | -5.9% |
| Financial debts | 170/4 | €173,520 | €163,309 | -€10,211 | -5.9% |
| Amounts payable within one year | 42/48 | €250,239 | €140,759 | -€109,480 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €10,060 | €10,211 | +€151 | +1.5% |
| Trade debts | 44 | €12,686 | €4,344 | -€8,342 | -65.8% |
| Suppliers | 440/4 | €12,686 | €4,344 | -€8,342 | -65.8% |
| Taxes, remuneration and social security | 45 | €133,723 | €72,519 | -€61,204 | -45.8% |
| Taxes | 450/3 | €16,017 | €15,961 | -€56 | -0.3% |
| Remuneration and social security | 454/9 | €117,706 | €56,558 | -€61,148 | -51.9% |
| Accrued charges and deferred income | 492/3 | €124,518 | €106,938 | -€17,580 | -14.1% |
| Remuneration, social security and pensions | 62 | €658,382 | €664,621 | +€6,239 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,340 | €24,103 | +€4,763 | +24.6% |
| Other operating charges | 640/8 | €3,516 | €1,950 | -€1,566 | -44.5% |
| Non-recurring operating charges | 66A | €54 | €61 | +€7 | +13.0% |
| Gross operating margin | 9900 | €693,765 | €716,837 | +€23,072 | +3.3% |
| Operating profit (loss) | 9901 | €12,473 | €26,102 | +€13,629 | +109.3% |
| Financial income | 75/76B | €1,779 | €1,242 | -€537 | -30.2% |
| Recurring financial income | 75 | €1,779 | €1,242 | -€537 | -30.2% |
| Financial charges | 65/66B | €2,928 | €2,777 | -€151 | -5.2% |
| Recurring financial charges | 65 | €2,928 | €2,777 | -€151 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €11,324 | €24,567 | +€13,243 | +116.9% |
| Income taxes | 67/77 | - | €373 | +€373 | |
| Profit (loss) for the period | 9904 | €11,324 | €24,194 | +€12,870 | +113.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,324 | €24,194 | +€12,870 | +113.7% |
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 9 October 2026 via checked.be.