AMSA MARKET: 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.
AMSA MARKET
Largest movements
- Stocks and contracts +€49,600
up €49,600 (+79.0%), from €62,747 to €112,347
- Receivables within one year -€38,832
no longer reported in 2024 (was €38,832)
of which Trade receivables: -€29,863
- Cash +€10,824
up €10,824 (+414%), from €2,617 to €13,441
mainly Receivables within one year (+€38,832) and Trade debts (+€20,002)
- Tangible fixed assets +€9,058
up €9,058 (+281%), from €3,226 to €12,284
- Financial fixed assets +€2,200
new in 2024: €2,200
- Trade debts +€20,002
up €20,002 (+205%), from €9,750 to €29,752
- Debts after one year +€7,277
new in 2024: €7,277
- Tax, wage and social debts +€3,295
up €3,295 (+36.3%), from €9,066 to €12,361
of which Taxes: +€2,850
- Other debts -€2,853
down €2,853 (-3.4%), from €83,142 to €80,289
- Profit (loss) carried forward +€2,764
up €2,764 (+112%), from €2,464 to €5,228
- Staff costs -€6,012
down €6,012 (-14.2%), from €42,211 to €36,199
- Gross operating margin -€4,762
down €4,762 (-9.7%), from €48,914 to €44,152
- Depreciation +€1,489
up €1,489 (+257%), from €579 to €2,068
- Other operating charges -€594
down €594 (-24.5%), from €2,423 to €1,829
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,422 | €140,272 | +€32,850 | +30.6% |
| Fixed assets | 21/28 | €3,226 | €14,484 | +€11,258 | +349% |
| Tangible fixed assets | 22/27 | €3,226 | €12,284 | +€9,058 | +281% |
| Furniture and vehicles | 24 | €3,226 | €12,284 | +€9,058 | +281% |
| Financial fixed assets | 28 | - | €2,200 | +€2,200 | |
| Current assets | 29/58 | €104,196 | €125,788 | +€21,592 | +20.7% |
| Stocks and contracts in progress | 3 | €62,747 | €112,347 | +€49,600 | +79.0% |
| Stocks | 30/36 | €62,747 | €112,347 | +€49,600 | +79.0% |
| Amounts receivable within one year | 40/41 | €38,832 | - | -€38,832 | |
| Trade receivables | 40 | €29,863 | - | -€29,863 | |
| Other amounts receivable | 41 | €8,969 | - | -€8,969 | |
| Cash at bank and in hand | 54/58 | €2,617 | €13,441 | +€10,824 | +414% |
| Total equity and liabilities | 10/49 | €107,422 | €140,272 | +€32,850 | +30.6% |
| Equity | 10/15 | €5,464 | €8,228 | +€2,764 | +50.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,464 | €5,228 | +€2,764 | +112% |
| Amounts payable | 17/49 | €101,958 | €132,044 | +€30,086 | +29.5% |
| Amounts payable after more than one year | 17 | - | €7,277 | +€7,277 | |
| Financial debts | 170/4 | - | €7,277 | +€7,277 | |
| Amounts payable within one year | 42/48 | €101,958 | €124,767 | +€22,809 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,365 | +€2,365 | |
| Trade debts | 44 | €9,750 | €29,752 | +€20,002 | +205% |
| Suppliers | 440/4 | €9,750 | €29,752 | +€20,002 | +205% |
| Taxes, remuneration and social security | 45 | €9,066 | €12,361 | +€3,295 | +36.3% |
| Taxes | 450/3 | €1,634 | €4,484 | +€2,850 | +174% |
| Remuneration and social security | 454/9 | €7,432 | €7,877 | +€445 | +6.0% |
| Other amounts payable | 47/48 | €83,142 | €80,289 | -€2,853 | -3.4% |
| Remuneration, social security and pensions | 62 | €42,211 | €36,199 | -€6,012 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €2,068 | +€1,489 | +257% |
| Other operating charges | 640/8 | €2,423 | €1,829 | -€594 | -24.5% |
| Gross operating margin | 9900 | €48,914 | €44,152 | -€4,762 | -9.7% |
| Operating profit (loss) | 9901 | €3,701 | €4,056 | +€355 | +9.6% |
| Financial charges | 65/66B | €11 | €74 | +€63 | +573% |
| Recurring financial charges | 65 | €11 | €74 | +€63 | +573% |
| Profit (loss) for the period before taxes | 9903 | €3,690 | €3,982 | +€292 | +7.9% |
| Income taxes | 67/77 | €1,226 | €1,218 | -€8 | -0.7% |
| Profit (loss) for the period | 9904 | €2,464 | €2,764 | +€300 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,464 | €2,764 | +€300 | +12.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.