AMR: 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.
AMR
Largest movements
- Tangible fixed assets +€75,305
up €75,305 (+298.0%), from €25,273 to €100,578
of which Furniture and vehicles: +€56,708
- Cash -€46,858
down €46,858 (-17.9%), from €261,962 to €215,103
mainly Investment in fixed assets (net) (-€95,534) and Trade debts (-€68,202)
- Deferred charges and accrued income -€45,561
down €45,561 (-100.0%), from €45,561 to €0
- Stocks and contracts +€27,225
up €27,225 (+27.9%), from €97,421 to €124,646
- Receivables within one year -€19,083
down €19,083 (-2.7%), from €694,237 to €675,154
of which Trade receivables: -€74,083
- Trade debts -€68,202
down €68,202 (-11.5%), from €595,583 to €527,380
- Debts after one year +€45,621
up €45,621, from €0 to €45,621
- Profit (loss) carried forward +€43,826
up €43,826 (+27.4%), from €160,002 to €203,828
- Other debts -€21,513
down €21,513 (-20.9%), from €102,687 to €81,175
- Tax, wage and social debts -€11,969
down €11,969 (-9.7%), from €123,292 to €111,324
of which Taxes: -€16,081
- Staff costs -€90,577
down €90,577 (-11.0%), from €820,404 to €729,827
- Gross operating margin -€72,663
down €72,663 (-8.0%), from €913,475 to €840,812
- Other operating charges +€12,849
up €12,849 (+286.7%), from €4,482 to €17,331
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 | €1,139,972 | €1,132,564 | -€7,408 | -0.6% |
| Fixed assets | 21/28 | €40,791 | €117,660 | +€76,869 | +188.4% |
| Tangible fixed assets | 22/27 | €25,273 | €100,578 | +€75,305 | +298.0% |
| Plant, machinery and equipment | 23 | - | €18,598 | +€18,598 | |
| Furniture and vehicles | 24 | €25,273 | €81,981 | +€56,708 | +224.4% |
| Financial fixed assets | 28 | €15,518 | €17,082 | +€1,564 | +10.1% |
| Current assets | 29/58 | €1,099,181 | €1,014,903 | -€84,277 | -7.7% |
| Stocks and contracts in progress | 3 | €97,421 | €124,646 | +€27,225 | +27.9% |
| Stocks | 30/36 | €97,421 | €124,646 | +€27,225 | +27.9% |
| Amounts receivable within one year | 40/41 | €694,237 | €675,154 | -€19,083 | -2.7% |
| Trade receivables | 40 | €694,237 | €620,154 | -€74,083 | -10.7% |
| Other amounts receivable | 41 | €0 | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €261,962 | €215,103 | -€46,858 | -17.9% |
| Deferred charges and accrued income | 490/1 | €45,561 | €0 | -€45,561 | -100.0% |
| Total equity and liabilities | 10/49 | €1,139,972 | €1,132,564 | -€7,408 | -0.6% |
| Equity | 10/15 | €310,714 | €354,540 | +€43,826 | +14.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €88,739 | €88,739 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €63,150 | = | 0.0% |
| Distributable reserves | 133 | €19,392 | €19,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,002 | €203,828 | +€43,826 | +27.4% |
| Amounts payable | 17/49 | €829,258 | €778,023 | -€51,234 | -6.2% |
| Amounts payable after more than one year | 17 | €0 | €45,621 | +€45,621 | |
| Financial debts | 170/4 | €0 | €45,621 | +€45,621 | |
| Amounts payable within one year | 42/48 | €829,258 | €732,402 | -€96,856 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €7,695 | €12,523 | +€4,828 | +62.7% |
| Trade debts | 44 | €595,583 | €527,380 | -€68,202 | -11.5% |
| Suppliers | 440/4 | €595,583 | €527,380 | -€68,202 | -11.5% |
| Taxes, remuneration and social security | 45 | €123,292 | €111,324 | -€11,969 | -9.7% |
| Taxes | 450/3 | €62,028 | €45,947 | -€16,081 | -25.9% |
| Remuneration and social security | 454/9 | €61,264 | €65,376 | +€4,112 | +6.7% |
| Other amounts payable | 47/48 | €102,687 | €81,175 | -€21,513 | -20.9% |
| Non-recurring operating income | 76A | €2,500 | €10,000 | +€7,500 | +300.0% |
| Remuneration, social security and pensions | 62 | €820,404 | €729,827 | -€90,577 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,931 | €18,665 | +€8,734 | +88.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,900 | +€1,900 | |
| Other operating charges | 640/8 | €4,482 | €17,331 | +€12,849 | +286.7% |
| Gross operating margin | 9900 | €913,475 | €840,812 | -€72,663 | -8.0% |
| Operating profit (loss) | 9901 | €78,658 | €73,088 | -€5,570 | -7.1% |
| Financial income | 75/76B | €35 | €259 | +€225 | +644.5% |
| Recurring financial income | 75 | €35 | €259 | +€225 | +644.5% |
| Financial charges | 65/66B | €6,292 | €9,442 | +€3,150 | +50.1% |
| Recurring financial charges | 65 | €6,292 | €9,442 | +€3,150 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €72,401 | €63,906 | -€8,495 | -11.7% |
| Income taxes | 67/77 | €21,636 | €20,080 | -€1,556 | -7.2% |
| Profit (loss) for the period | 9904 | €50,765 | €43,826 | -€6,939 | -13.7% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €0 | -€63,150 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,385 | €43,826 | +€56,211 |
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 6 October 2026 via checked.be.