AMS²: 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.
AMS²
Largest movements
- Stocks and contracts +€126,037
up €126,037 (+10.4%), from €1.2m to €1.3m
- Receivables within one year +€42,753
up €42,753 (+195%), from €21,958 to €64,711
of which Other amounts receivable: +€25,755
- Other debts +€157,859
up €157,859 (+12.5%), from €1.3m to €1.4m
- Financial income -€18,736
down €18,736 (-99.3%), from €18,870 to €134
- Other operating charges -€3,553
down €3,553 (-72.7%), from €4,887 to €1,334
- Gross operating margin +€1,919
up €1,919 (+45.7%), from -€4,195 to -€2,277
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 | €1,239,782 | €1,407,621 | +€167,839 | +13.5% |
| Current assets | 29/58 | €1,239,782 | €1,407,621 | +€167,839 | +13.5% |
| Stocks and contracts in progress | 3 | €1,216,863 | €1,342,900 | +€126,037 | +10.4% |
| Stocks | 30/36 | €1,216,863 | €1,342,900 | +€126,037 | +10.4% |
| Amounts receivable within one year | 40/41 | €21,958 | €64,711 | +€42,753 | +195% |
| Trade receivables | 40 | €960 | €17,958 | +€16,998 | +1,771% |
| Other amounts receivable | 41 | €20,998 | €46,753 | +€25,755 | +123% |
| Cash at bank and in hand | 54/58 | €786 | €10 | -€776 | -98.7% |
| Deferred charges and accrued income | 490/1 | €175 | €0 | -€175 | -100% |
| Total equity and liabilities | 10/49 | €1,239,782 | €1,407,621 | +€167,839 | +13.5% |
| Equity | 10/15 | -€21,105 | -€24,628 | -€3,523 | -16.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,105 | -€26,628 | -€3,523 | -15.2% |
| Amounts payable | 17/49 | €1,260,887 | €1,432,249 | +€171,362 | +13.6% |
| Amounts payable within one year | 42/48 | €1,260,887 | €1,432,249 | +€171,362 | +13.6% |
| Trade debts | 44 | €252 | €13,755 | +€13,503 | +5,358% |
| Suppliers | 440/4 | €252 | €13,755 | +€13,503 | +5,358% |
| Other amounts payable | 47/48 | €1,260,635 | €1,418,494 | +€157,859 | +12.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €4,887 | €1,334 | -€3,553 | -72.7% |
| Gross operating margin | 9900 | -€4,195 | -€2,277 | +€1,919 | +45.7% |
| Operating profit (loss) | 9901 | -€9,082 | -€3,610 | +€5,472 | +60.2% |
| Financial income | 75/76B | €18,870 | €134 | -€18,736 | -99.3% |
| Recurring financial income | 75 | €18,870 | €134 | -€18,736 | -99.3% |
| Financial charges | 65/66B | €48 | €46 | -€1 | -2.6% |
| Recurring financial charges | 65 | €48 | €46 | -€1 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €9,740 | -€3,523 | -€13,263 | |
| Profit (loss) for the period | 9904 | €9,740 | -€3,523 | -€13,263 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,740 | -€3,523 | -€13,263 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.