AMSAEY: 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.
AMSAEY
Largest movements
- Receivables within one year +€14,868
up €14,868 (+2509.4%), from €593 to €15,461
- Tangible fixed assets +€10,726
up €10,726 (+20.6%), from €52,178 to €62,903
of which Plant, machinery and equipment: +€17,226
- Cash +€8,789
up €8,789 (+132.6%), from €6,627 to €15,417
mainly Trade debts (+€45,421) and Depreciation (+€15,720)
- Stocks and contracts +€2,210
up €2,210 (+34.6%), from €6,394 to €8,604
- Trade debts +€45,421
up €45,421 (+360.4%), from €12,602 to €58,023
- Other debts -€9,587
down €9,587 (-28.2%), from €34,037 to €24,450
- Profit (loss) carried forward +€5,539
up €5,539 (+43.9%), from -€12,606 to -€7,067
- Current portion of long-term debt -€4,242
down €4,242 (-65.4%), from €6,490 to €2,249
- Debts after one year -€2,249
no longer reported in 2025 (was €2,249)
- Gross operating margin +€17,395
up €17,395 (+18.0%), from €96,884 to €114,279
- Staff costs +€14,314
up €14,314 (+20.1%), from €71,340 to €85,654
- Depreciation +€1,195
up €1,195 (+8.2%), from €14,525 to €15,720
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 | €67,568 | €103,094 | +€35,526 | +52.6% |
| Formation expenses | 20 | €913 | €412 | -€500 | -54.8% |
| Fixed assets | 21/28 | €52,178 | €62,903 | +€10,726 | +20.6% |
| Tangible fixed assets | 22/27 | €52,178 | €62,903 | +€10,726 | +20.6% |
| Plant, machinery and equipment | 23 | €36,164 | €53,390 | +€17,226 | +47.6% |
| Furniture and vehicles | 24 | €16,014 | €9,514 | -€6,500 | -40.6% |
| Current assets | 29/58 | €14,477 | €39,778 | +€25,301 | +174.8% |
| Stocks and contracts in progress | 3 | €6,394 | €8,604 | +€2,210 | +34.6% |
| Stocks | 30/36 | €6,394 | €8,604 | +€2,210 | +34.6% |
| Amounts receivable within one year | 40/41 | €593 | €15,461 | +€14,868 | +2509.4% |
| Trade receivables | 40 | €593 | €15,461 | +€14,868 | +2509.4% |
| Cash at bank and in hand | 54/58 | €6,627 | €15,417 | +€8,789 | +132.6% |
| Deferred charges and accrued income | 490/1 | €863 | €297 | -€567 | -65.6% |
| Total equity and liabilities | 10/49 | €67,568 | €103,094 | +€35,526 | +52.6% |
| Equity | 10/15 | €394 | €5,933 | +€5,539 | +1405.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,606 | -€7,067 | +€5,539 | +43.9% |
| Amounts payable | 17/49 | €67,174 | €97,161 | +€29,988 | +44.6% |
| Amounts payable after more than one year | 17 | €2,249 | - | -€2,249 | |
| Financial debts | 170/4 | €2,249 | - | -€2,249 | |
| Amounts payable within one year | 42/48 | €64,925 | €97,161 | +€32,237 | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €6,490 | €2,249 | -€4,242 | -65.4% |
| Trade debts | 44 | €12,602 | €58,023 | +€45,421 | +360.4% |
| Suppliers | 440/4 | €12,602 | €58,023 | +€45,421 | +360.4% |
| Taxes, remuneration and social security | 45 | €11,795 | €12,440 | +€645 | +5.5% |
| Taxes | 450/3 | €3,478 | €3,398 | -€80 | -2.3% |
| Remuneration and social security | 454/9 | €8,317 | €9,042 | +€724 | +8.7% |
| Other amounts payable | 47/48 | €34,037 | €24,450 | -€9,587 | -28.2% |
| Remuneration, social security and pensions | 62 | €71,340 | €85,654 | +€14,314 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,525 | €15,720 | +€1,195 | +8.2% |
| Other operating charges | 640/8 | €1,089 | €1,247 | +€158 | +14.5% |
| Non-recurring operating charges | 66A | €306 | €4,206 | +€3,900 | +1274.9% |
| Gross operating margin | 9900 | €96,884 | €114,279 | +€17,395 | +18.0% |
| Operating profit (loss) | 9901 | €9,624 | €7,452 | -€2,172 | -22.6% |
| Financial income | 75/76B | €3 | €391 | +€388 | +12980.9% |
| Recurring financial income | 75 | €3 | €391 | +€388 | +12980.9% |
| Financial charges | 65/66B | €3,165 | €2,304 | -€861 | -27.2% |
| Recurring financial charges | 65 | €3,165 | €2,304 | -€861 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €6,462 | €5,539 | -€923 | -14.3% |
| Profit (loss) for the period | 9904 | €6,462 | €5,539 | -€923 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,462 | €5,539 | -€923 | -14.3% |
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 5 October 2026 via checked.be.