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
- Cash +€49,503
up €49,503 (+236.4%), from €20,941 to €70,444
mainly Debts after one year (+€51,505) and Depreciation (+€38,128)
- Receivables within one year -€33,435
down €33,435 (-31.8%), from €105,100 to €71,666
of which Other amounts receivable: -€33,656
- Tangible fixed assets +€19,203
up €19,203 (+5.0%), from €380,654 to €399,857
of which Leasing and similar rights: +€35,571
- Other debts -€59,716
no longer reported in 2025 (was €59,716)
- Debts after one year +€51,505
up €51,505 (+38.3%), from €134,560 to €186,066
of which Other amounts payable: +€54,849
- Reserves +€36,768
up €36,768 (+16.3%), from €224,965 to €261,733
- Trade debts +€12,667
up €12,667 (+351.3%), from €3,606 to €16,272
- Current portion of long-term debt -€8,623
down €8,623 (-18.1%), from €47,566 to €38,944
- Gross operating margin +€37,030
up €37,030 (+58.9%), from €62,864 to €99,894
- Taxes +€9,718
up €9,718 (+291.6%), from €3,333 to €13,051
- Financial charges -€2,654
down €2,654 (-26.5%), from €10,003 to €7,349
- Other operating charges +€1,715
up €1,715 (+59.5%), from €2,883 to €4,598
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 | €507,049 | €541,966 | +€34,918 | +6.9% |
| Fixed assets | 21/28 | €380,654 | €399,857 | +€19,203 | +5.0% |
| Tangible fixed assets | 22/27 | €380,654 | €399,857 | +€19,203 | +5.0% |
| Land and buildings | 22 | €322,416 | €303,332 | -€19,084 | -5.9% |
| Plant, machinery and equipment | 23 | €2,680 | €1,784 | -€897 | -33.5% |
| Furniture and vehicles | 24 | €55,558 | €59,171 | +€3,613 | +6.5% |
| Leasing and similar rights | 25 | - | €35,571 | +€35,571 | |
| Current assets | 29/58 | €126,395 | €142,110 | +€15,715 | +12.4% |
| Amounts receivable within one year | 40/41 | €105,100 | €71,666 | -€33,435 | -31.8% |
| Trade receivables | 40 | €68,120 | €68,341 | +€221 | +0.3% |
| Other amounts receivable | 41 | €36,980 | €3,325 | -€33,656 | -91.0% |
| Cash at bank and in hand | 54/58 | €20,941 | €70,444 | +€49,503 | +236.4% |
| Deferred charges and accrued income | 490/1 | €353 | - | -€353 | |
| Total equity and liabilities | 10/49 | €507,049 | €541,966 | +€34,918 | +6.9% |
| Equity | 10/15 | €244,965 | €281,733 | +€36,768 | +15.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €224,965 | €261,733 | +€36,768 | +16.3% |
| Distributable reserves | 133 | €224,965 | €261,733 | +€36,768 | +16.3% |
| Amounts payable | 17/49 | €262,083 | €260,233 | -€1,850 | -0.7% |
| Amounts payable after more than one year | 17 | €134,560 | €186,066 | +€51,505 | +38.3% |
| Financial debts | 170/4 | €134,560 | €131,217 | -€3,343 | -2.5% |
| Other amounts payable | 178/9 | - | €54,849 | +€54,849 | |
| Amounts payable within one year | 42/48 | €121,223 | €69,267 | -€51,956 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €47,566 | €38,944 | -€8,623 | -18.1% |
| Financial debts | 43 | €1,812 | - | -€1,812 | |
| Credit institutions | 430/8 | €1,812 | - | -€1,812 | |
| Trade debts | 44 | €3,606 | €16,272 | +€12,667 | +351.3% |
| Suppliers | 440/4 | €3,606 | €16,272 | +€12,667 | +351.3% |
| Taxes, remuneration and social security | 45 | €8,522 | €14,051 | +€5,529 | +64.9% |
| Taxes | 450/3 | €2,522 | €6,051 | +€3,529 | +139.9% |
| Remuneration and social security | 454/9 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Other amounts payable | 47/48 | €59,716 | - | -€59,716 | |
| Accrued charges and deferred income | 492/3 | €6,300 | €4,900 | -€1,400 | -22.2% |
| Non-recurring operating income | 76A | - | €1,080 | +€1,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,901 | €38,128 | +€227 | +0.6% |
| Other operating charges | 640/8 | €2,883 | €4,598 | +€1,715 | +59.5% |
| Gross operating margin | 9900 | €62,864 | €99,894 | +€37,030 | +58.9% |
| Operating profit (loss) | 9901 | €22,080 | €57,168 | +€35,088 | +158.9% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.7% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.7% |
| Financial charges | 65/66B | €10,003 | €7,349 | -€2,654 | -26.5% |
| Recurring financial charges | 65 | €10,003 | €7,349 | -€2,654 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €12,095 | €49,819 | +€37,724 | +311.9% |
| Income taxes | 67/77 | €3,333 | €13,051 | +€9,718 | +291.6% |
| Profit (loss) for the period | 9904 | €8,762 | €36,768 | +€28,006 | +319.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,762 | €36,768 | +€28,006 | +319.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.