AMS: 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.
AMS
Largest movements
- Receivables within one year -€48,300
no longer reported in 2025 (was €48,300)
- Cash +€19,124
up €19,124 (+79.4%), from €24,072 to €43,197
mainly Receivables within one year (+€48,300) and Other debts (+€8,931)
- Stocks and contracts +€3,403
up €3,403 (+8.1%), from €41,853 to €45,256
- Trade debts -€19,318
down €19,318 (-93.5%), from €20,661 to €1,343
- Tax, wage and social debts -€15,394
down €15,394 (-47.2%), from €32,634 to €17,240
of which Taxes: -€13,527
- Other debts +€8,931
up €8,931 (+91.2%), from €9,795 to €18,726
- Profit (loss) carried forward +€2,158
up €2,158 (+29.8%), from €7,251 to €9,409
- Short-term financial debts -€1,402
no longer reported in 2025 (was €1,402)
- Staff costs +€18,923
up €18,923 (+15.9%), from €119,363 to €138,286
- Gross operating margin +€15,709
up €15,709 (+12.1%), from €130,035 to €145,744
- Other operating charges -€2,854
down €2,854 (-83.6%), from €3,415 to €561
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 | €131,854 | €106,829 | -€25,025 | -19.0% |
| Fixed assets | 21/28 | €14,742 | €15,448 | +€707 | +4.8% |
| Tangible fixed assets | 22/27 | €7,942 | €8,648 | +€707 | +8.9% |
| Plant, machinery and equipment | 23 | €3,512 | €2,609 | -€903 | -25.7% |
| Furniture and vehicles | 24 | €1,530 | €4,463 | +€2,932 | +192% |
| Other tangible fixed assets | 26 | €2,899 | €1,577 | -€1,322 | -45.6% |
| Financial fixed assets | 28 | €6,800 | €6,800 | = | 0.0% |
| Current assets | 29/58 | €117,112 | €91,381 | -€25,731 | -22.0% |
| Stocks and contracts in progress | 3 | €41,853 | €45,256 | +€3,403 | +8.1% |
| Stocks | 30/36 | €41,853 | €45,256 | +€3,403 | +8.1% |
| Amounts receivable within one year | 40/41 | €48,300 | - | -€48,300 | |
| Trade receivables | 40 | €48,300 | - | -€48,300 | |
| Cash at bank and in hand | 54/58 | €24,072 | €43,197 | +€19,124 | +79.4% |
| Deferred charges and accrued income | 490/1 | €2,887 | €2,929 | +€42 | +1.5% |
| Total equity and liabilities | 10/49 | €131,854 | €106,829 | -€25,025 | -19.0% |
| Equity | 10/15 | €67,361 | €69,519 | +€2,158 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €41,510 | €41,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €39,650 | €39,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,251 | €9,409 | +€2,158 | +29.8% |
| Amounts payable | 17/49 | €64,493 | €37,310 | -€27,183 | -42.1% |
| Amounts payable within one year | 42/48 | €64,493 | €37,310 | -€27,183 | -42.1% |
| Financial debts | 43 | €1,402 | - | -€1,402 | |
| Credit institutions | 430/8 | €1,402 | - | -€1,402 | |
| Trade debts | 44 | €20,661 | €1,343 | -€19,318 | -93.5% |
| Suppliers | 440/4 | €20,661 | €1,343 | -€19,318 | -93.5% |
| Taxes, remuneration and social security | 45 | €32,634 | €17,240 | -€15,394 | -47.2% |
| Taxes | 450/3 | €29,866 | €16,338 | -€13,527 | -45.3% |
| Remuneration and social security | 454/9 | €2,769 | €902 | -€1,867 | -67.4% |
| Other amounts payable | 47/48 | €9,795 | €18,726 | +€8,931 | +91.2% |
| Remuneration, social security and pensions | 62 | €119,363 | €138,286 | +€18,923 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,582 | €3,793 | +€1,211 | +46.9% |
| Other operating charges | 640/8 | €3,415 | €561 | -€2,854 | -83.6% |
| Gross operating margin | 9900 | €130,035 | €145,744 | +€15,709 | +12.1% |
| Operating profit (loss) | 9901 | €4,675 | €3,104 | -€1,571 | -33.6% |
| Financial charges | 65/66B | €1,564 | €946 | -€619 | -39.5% |
| Recurring financial charges | 65 | €1,564 | €946 | -€619 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €3,111 | €2,158 | -€953 | -30.6% |
| Profit (loss) for the period | 9904 | €3,111 | €2,158 | -€953 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,111 | €2,158 | -€953 | -30.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.