AMSC: 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.
AMSC
Largest movements
- Cash +€21,828
up €21,828 (+72.0%), from €30,330 to €52,159
mainly Other debts (+€12,318) and Receivables within one year (+€11,966)
- Receivables within one year -€11,966
down €11,966 (-32.9%), from €36,419 to €24,453
of which Trade receivables: -€9,005
- Stocks and contracts -€2,547
down €2,547 (-5.9%), from €43,190 to €40,642
- Other debts +€12,318
up €12,318 (+138%), from €8,944 to €21,262
- Reserves -€12,040
down €12,040 (-23.9%), from €50,480 to €38,440
of which Distributable reserves: -€12,040
- Tax, wage and social debts +€3,871
up €3,871 (+66.4%), from €5,833 to €9,704
- Trade debts +€3,156
up €3,156 (+222%), from €1,425 to €4,581
- Gross operating margin +€2,794
up €2,794 (+19.5%), from €14,352 to €17,147
- Financial charges -€1,166
down €1,166 (-52.9%), from €2,206 to €1,040
- Taxes +€1,097
up €1,097 (+32.5%), from €3,371 to €4,468
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 | €110,099 | €117,414 | +€7,316 | +6.6% |
| Fixed assets | 21/28 | €160 | €160 | = | 0.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €109,939 | €117,254 | +€7,316 | +6.7% |
| Stocks and contracts in progress | 3 | €43,190 | €40,642 | -€2,547 | -5.9% |
| Stocks | 30/36 | €43,190 | €40,642 | -€2,547 | -5.9% |
| Amounts receivable within one year | 40/41 | €36,419 | €24,453 | -€11,966 | -32.9% |
| Trade receivables | 40 | €30,994 | €21,990 | -€9,005 | -29.1% |
| Other amounts receivable | 41 | €5,424 | €2,464 | -€2,961 | -54.6% |
| Cash at bank and in hand | 54/58 | €30,330 | €52,159 | +€21,828 | +72.0% |
| Total equity and liabilities | 10/49 | €110,099 | €117,414 | +€7,316 | +6.6% |
| Equity | 10/15 | €93,897 | €81,867 | -€12,030 | -12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,480 | €38,440 | -€12,040 | -23.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €48,480 | €36,440 | -€12,040 | -24.8% |
| Profit (loss) carried forward | 14 | €23,417 | €23,427 | +€10 | 0.0% |
| Amounts payable | 17/49 | €16,202 | €35,547 | +€19,345 | +119% |
| Amounts payable within one year | 42/48 | €16,202 | €35,547 | +€19,345 | +119% |
| Trade debts | 44 | €1,425 | €4,581 | +€3,156 | +222% |
| Suppliers | 440/4 | €1,425 | €4,581 | +€3,156 | +222% |
| Taxes, remuneration and social security | 45 | €5,833 | €9,704 | +€3,871 | +66.4% |
| Taxes | 450/3 | €5,833 | €9,704 | +€3,871 | +66.4% |
| Other amounts payable | 47/48 | €8,944 | €21,262 | +€12,318 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €14,352 | €17,147 | +€2,794 | +19.5% |
| Operating profit (loss) | 9901 | €13,454 | €16,218 | +€2,765 | +20.6% |
| Financial charges | 65/66B | €2,206 | €1,040 | -€1,166 | -52.9% |
| Recurring financial charges | 65 | €2,206 | €1,040 | -€1,166 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €11,247 | €15,179 | +€3,931 | +35.0% |
| Income taxes | 67/77 | €3,371 | €4,468 | +€1,097 | +32.5% |
| Profit (loss) for the period | 9904 | €7,876 | €10,710 | +€2,834 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,876 | €10,710 | +€2,834 | +36.0% |
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 14 October 2026 via checked.be.