AMR: what changed
AMR
Largest movements
- Cash +€119,201
up €119,201 (+68.6%), from €173,741 to €292,942
mainly Receivables within one year (+€59,046) and Trade debts (+€45,172)
- Receivables within one year -€59,046
down €59,046 (-20.7%), from €285,368 to €226,322
of which Trade receivables: -€45,178
- Tangible fixed assets -€21,327
down €21,327 (-24.8%), from €85,947 to €64,620
- Tax, wage and social debts -€48,959
down €48,959 (-80.1%), from €61,135 to €12,176
- Trade debts +€45,172
up €45,172 (+84.1%), from €53,703 to €98,875
- Reserves +€37,334
up €37,334 (+9.6%), from €387,681 to €425,014
- Gross operating margin -€13,777
down €13,777 (-14.4%), from €95,787 to €82,009
- Taxes -€6,123
down €6,123 (-24.6%), from €24,917 to €18,794
- Financial income -€3,754
down €3,754 (-100.0%), from €3,755 to €1
- Other operating charges -€3,414
down €3,414 (-81.6%), from €4,181 to €767
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,872 | €588,758 | +€42,886 | +7.9% |
| Fixed assets | 21/28 | €85,947 | €64,620 | -€21,327 | -24.8% |
| Tangible fixed assets | 22/27 | €85,947 | €64,620 | -€21,327 | -24.8% |
| Furniture and vehicles | 24 | €85,947 | €64,620 | -€21,327 | -24.8% |
| Current assets | 29/58 | €459,925 | €524,137 | +€64,213 | +14.0% |
| Amounts receivable within one year | 40/41 | €285,368 | €226,322 | -€59,046 | -20.7% |
| Trade receivables | 40 | €114,960 | €69,782 | -€45,178 | -39.3% |
| Other amounts receivable | 41 | €170,408 | €156,541 | -€13,868 | -8.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €173,741 | €292,942 | +€119,201 | +68.6% |
| Deferred charges and accrued income | 490/1 | €815 | €4,873 | +€4,057 | +498% |
| Total equity and liabilities | 10/49 | €545,872 | €588,758 | +€42,886 | +7.9% |
| Equity | 10/15 | €408,299 | €445,014 | +€36,715 | +9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €387,681 | €425,014 | +€37,334 | +9.6% |
| Distributable reserves | 133 | €387,681 | €425,014 | +€37,334 | +9.6% |
| Profit (loss) carried forward | 14 | €619 | €0 | -€619 | -100% |
| Amounts payable | 17/49 | €137,573 | €143,744 | +€6,171 | +4.5% |
| Amounts payable within one year | 42/48 | €137,573 | €138,239 | +€666 | +0.5% |
| Trade debts | 44 | €53,703 | €98,875 | +€45,172 | +84.1% |
| Suppliers | 440/4 | €53,703 | €98,875 | +€45,172 | +84.1% |
| Taxes, remuneration and social security | 45 | €61,135 | €12,176 | -€48,959 | -80.1% |
| Taxes | 450/3 | €61,135 | €12,176 | -€48,959 | -80.1% |
| Other amounts payable | 47/48 | €22,735 | €27,188 | +€4,453 | +19.6% |
| Accrued charges and deferred income | 492/3 | - | €5,505 | +€5,505 | |
| Non-recurring operating income | 76A | €905 | €0 | -€905 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,686 | €21,327 | +€641 | +3.1% |
| Other operating charges | 640/8 | €4,181 | €767 | -€3,414 | -81.6% |
| Non-recurring operating charges | 66A | €437 | €132 | -€305 | -69.8% |
| Gross operating margin | 9900 | €95,787 | €82,009 | -€13,777 | -14.4% |
| Operating profit (loss) | 9901 | €70,483 | €59,784 | -€10,699 | -15.2% |
| Financial income | 75/76B | €3,755 | €1 | -€3,754 | -100.0% |
| Recurring financial income | 75 | €3,755 | €1 | -€3,754 | -100.0% |
| Financial charges | 65/66B | €3,840 | €4,276 | +€436 | +11.3% |
| Recurring financial charges | 65 | €3,840 | €4,276 | +€436 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €70,397 | €55,508 | -€14,889 | -21.1% |
| Income taxes | 67/77 | €24,917 | €18,794 | -€6,123 | -24.6% |
| Profit (loss) for the period | 9904 | €45,480 | €36,715 | -€8,765 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,480 | €36,715 | -€8,765 | -19.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.