AMS Stories: what changed
AMS Stories
Largest movements
- Cash +€27,765
up €27,765 (+97.0%), from €28,617 to €56,382
mainly Receivables within one year (+€27,264) and Depreciation (+€25,661)
- Receivables within one year -€27,264
down €27,264 (-66.6%), from €40,929 to €13,665
of which Trade receivables: -€25,896
- Tangible fixed assets -€25,661
down €25,661 (-40.4%), from €63,577 to €37,915
of which Leasing and similar rights: -€23,808
- Deferred charges and accrued income -€8,416
down €8,416 (-73.5%), from €11,453 to €3,037
- Stocks and contracts -€6,511
down €6,511 (-66.8%), from €9,745 to €3,234
- Other debts -€25,343
no longer reported in 2025 (was €25,343)
- Debts after one year -€21,032
down €21,032 (-75.7%), from €27,786 to €6,754
- Reserves +€17,321
up €17,321 (+140%), from €12,394 to €29,714
- Trade debts -€12,657
down €12,657 (-92.5%), from €13,690 to €1,033
- Accrued charges and deferred income -€11,000
no longer reported in 2025 (was €11,000)
- Gross operating margin +€8,269
up €8,269 (+13.2%), from €62,485 to €70,753
- Taxes +€4,727
up €4,727 (+65.7%), from €7,194 to €11,920
- Other operating charges +€4,026
up €4,026 (+39.1%), from €10,307 to €14,333
- Financial charges -€936
down €936 (-32.5%), from €2,881 to €1,945
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 | €155,868 | €115,781 | -€40,087 | -25.7% |
| Fixed assets | 21/28 | €65,124 | €39,462 | -€25,661 | -39.4% |
| Tangible fixed assets | 22/27 | €63,577 | €37,915 | -€25,661 | -40.4% |
| Land and buildings | 22 | €2,299 | €1,858 | -€441 | -19.2% |
| Plant, machinery and equipment | 23 | €3,472 | €2,376 | -€1,095 | -31.6% |
| Leasing and similar rights | 25 | €55,622 | €31,814 | -€23,808 | -42.8% |
| Other tangible fixed assets | 26 | €2,183 | €1,867 | -€316 | -14.5% |
| Financial fixed assets | 28 | €1,547 | €1,547 | = | 0.0% |
| Current assets | 29/58 | €90,744 | €76,318 | -€14,426 | -15.9% |
| Stocks and contracts in progress | 3 | €9,745 | €3,234 | -€6,511 | -66.8% |
| Stocks | 30/36 | €9,745 | €3,234 | -€6,511 | -66.8% |
| Amounts receivable within one year | 40/41 | €40,929 | €13,665 | -€27,264 | -66.6% |
| Trade receivables | 40 | €29,902 | €4,006 | -€25,896 | -86.6% |
| Other amounts receivable | 41 | €11,027 | €9,659 | -€1,368 | -12.4% |
| Cash at bank and in hand | 54/58 | €28,617 | €56,382 | +€27,765 | +97.0% |
| Deferred charges and accrued income | 490/1 | €11,453 | €3,037 | -€8,416 | -73.5% |
| Total equity and liabilities | 10/49 | €155,868 | €115,781 | -€40,087 | -25.7% |
| Equity | 10/15 | €51,357 | €68,677 | +€17,321 | +33.7% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €12,394 | €29,714 | +€17,321 | +140% |
| Distributable reserves | 133 | €12,394 | €29,714 | +€17,321 | +140% |
| Profit (loss) carried forward | 14 | €363 | €363 | = | 0.0% |
| Amounts payable | 17/49 | €104,511 | €47,103 | -€57,408 | -54.9% |
| Amounts payable after more than one year | 17 | €27,786 | €6,754 | -€21,032 | -75.7% |
| Financial debts | 170/4 | €27,786 | €6,754 | -€21,032 | -75.7% |
| Amounts payable within one year | 42/48 | €65,725 | €40,349 | -€25,376 | -38.6% |
| Current portion of amounts payable after more than one year | 42 | €20,514 | €21,032 | +€518 | +2.5% |
| Trade debts | 44 | €13,690 | €1,033 | -€12,657 | -92.5% |
| Suppliers | 440/4 | €13,690 | €1,033 | -€12,657 | -92.5% |
| Advances received on contracts in progress | 46 | - | €7,800 | +€7,800 | |
| Taxes, remuneration and social security | 45 | €6,178 | €10,485 | +€4,307 | +69.7% |
| Taxes | 450/3 | €6,178 | €10,485 | +€4,307 | +69.7% |
| Other amounts payable | 47/48 | €25,343 | - | -€25,343 | |
| Accrued charges and deferred income | 492/3 | €11,000 | - | -€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,674 | €25,661 | -€13 | -0.1% |
| Other operating charges | 640/8 | €10,307 | €14,333 | +€4,026 | +39.1% |
| Gross operating margin | 9900 | €62,485 | €70,753 | +€8,269 | +13.2% |
| Operating profit (loss) | 9901 | €26,503 | €30,759 | +€4,256 | +16.1% |
| Financial income | 75/76B | €562 | €427 | -€135 | -24.1% |
| Recurring financial income | 75 | €562 | €427 | -€135 | -24.1% |
| Financial charges | 65/66B | €2,881 | €1,945 | -€936 | -32.5% |
| Recurring financial charges | 65 | €2,881 | €1,945 | -€936 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €24,184 | €29,241 | +€5,057 | +20.9% |
| Income taxes | 67/77 | €7,194 | €11,920 | +€4,727 | +65.7% |
| Profit (loss) for the period | 9904 | €16,991 | €17,321 | +€330 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,991 | €17,321 | +€330 | +1.9% |
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.