AMS: 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.
AMS
Largest movements
- Receivables within one year +€32,453
up €32,453 (+7450.2%), from €436 to €32,889
of which Trade receivables: +€26,620
- Receivables after one year -€22,500
down €22,500 (-30.0%), from €75,000 to €52,500
- Cash +€13,996
up €13,996 (+236.8%), from €5,911 to €19,907
mainly Net result for the year (+€29,851) and Receivables after one year (+€22,500)
- Deferred charges and accrued income +€2,461
new in 2025: €2,461
- Reserves +€29,851
up €29,851 (+62.5%), from €47,736 to €77,586
- Other debts -€3,857
no longer reported in 2025 (was €3,857)
- Trade debts +€2,875
up €2,875 (+2185.6%), from €132 to €3,007
- Tax, wage and social debts -€2,781
down €2,781 (-13.8%), from €20,219 to €17,438
- Gross operating margin +€29,945
up €29,945 (+302.9%), from €9,885 to €39,830
- Taxes +€5,965
up €5,965 (+201.8%), from €2,955 to €8,920
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 | €90,544 | €116,631 | +€26,087 | +28.8% |
| Fixed assets | 21/28 | €707 | €383 | -€323 | -45.8% |
| Tangible fixed assets | 22/27 | €707 | €383 | -€323 | -45.8% |
| Furniture and vehicles | 24 | €707 | €383 | -€323 | -45.8% |
| Current assets | 29/58 | €89,837 | €116,248 | +€26,411 | +29.4% |
| Amounts receivable after more than one year | 29 | €75,000 | €52,500 | -€22,500 | -30.0% |
| Other amounts receivable | 291 | €75,000 | €52,500 | -€22,500 | -30.0% |
| Amounts receivable within one year | 40/41 | €436 | €32,889 | +€32,453 | +7450.2% |
| Trade receivables | 40 | - | €26,620 | +€26,620 | |
| Other amounts receivable | 41 | €436 | €6,269 | +€5,833 | +1339.1% |
| Current investments | 50/53 | €8,491 | €8,491 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,911 | €19,907 | +€13,996 | +236.8% |
| Deferred charges and accrued income | 490/1 | - | €2,461 | +€2,461 | |
| Total equity and liabilities | 10/49 | €90,544 | €116,631 | +€26,087 | +28.8% |
| Equity | 10/15 | €66,336 | €96,186 | +€29,851 | +45.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,736 | €77,586 | +€29,851 | +62.5% |
| Distributable reserves | 133 | €47,736 | €77,586 | +€29,851 | +62.5% |
| Amounts payable | 17/49 | €24,208 | €20,445 | -€3,764 | -15.5% |
| Amounts payable within one year | 42/48 | €24,208 | €20,445 | -€3,764 | -15.5% |
| Trade debts | 44 | €132 | €3,007 | +€2,875 | +2185.6% |
| Suppliers | 440/4 | €132 | €3,007 | +€2,875 | +2185.6% |
| Taxes, remuneration and social security | 45 | €20,219 | €17,438 | -€2,781 | -13.8% |
| Taxes | 450/3 | €20,219 | €17,438 | -€2,781 | -13.8% |
| Other amounts payable | 47/48 | €3,857 | - | -€3,857 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €323 | €323 | = | 0.0% |
| Other operating charges | 640/8 | €818 | €847 | +€29 | +3.5% |
| Gross operating margin | 9900 | €9,885 | €39,830 | +€29,945 | +302.9% |
| Operating profit (loss) | 9901 | €8,743 | €38,660 | +€29,916 | +342.2% |
| Financial income | 75/76B | - | €182 | +€182 | |
| Recurring financial income | 75 | - | €182 | +€182 | |
| Financial charges | 65/66B | €119 | €70 | -€49 | -40.9% |
| Recurring financial charges | 65 | €119 | €70 | -€49 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €8,624 | €38,771 | +€30,147 | +349.6% |
| Income taxes | 67/77 | €2,955 | €8,920 | +€5,965 | +201.8% |
| Profit (loss) for the period | 9904 | €5,669 | €29,851 | +€24,182 | +426.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,669 | €29,851 | +€24,182 | +426.6% |
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 29 September 2026 via checked.be.