AMSV: 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.
AMSV
Largest movements
- Cash -€35,530
down €35,530 (-14.9%), from €237,944 to €202,414
mainly Contributions, distributions and other (-€151,611) and Tax, wage and social debts (-€2,205)
- Receivables within one year -€9,076
down €9,076 (-61.7%), from €14,710 to €5,635
of which Other amounts receivable: -€5,778
- Reserves -€141,982
down €141,982 (-63.8%), from €222,567 to €80,585
of which Distributable reserves: -€141,982
- Other debts +€100,618
up €100,618 (+194.4%), from €51,754 to €152,372
- Gross operating margin -€11,863
down €11,863 (-45.4%), from €26,153 to €14,290
- Taxes -€4,071
down €4,071 (-47.5%), from €8,564 to €4,494
- Financial income -€884
down €884 (-34.3%), from €2,576 to €1,692
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 | €381,635 | €336,290 | -€45,345 | -11.9% |
| Current assets | 29/58 | €381,635 | €336,290 | -€45,345 | -11.9% |
| Amounts receivable within one year | 40/41 | €14,710 | €5,635 | -€9,076 | -61.7% |
| Trade receivables | 40 | €6,701 | €3,404 | -€3,297 | -49.2% |
| Other amounts receivable | 41 | €8,009 | €2,231 | -€5,778 | -72.1% |
| Current investments | 50/53 | €128,241 | €128,241 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €237,944 | €202,414 | -€35,530 | -14.9% |
| Deferred charges and accrued income | 490/1 | €740 | - | -€740 | |
| Total equity and liabilities | 10/49 | €381,635 | €336,290 | -€45,345 | -11.9% |
| Equity | 10/15 | €322,567 | €180,585 | -€141,982 | -44.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €222,567 | €80,585 | -€141,982 | -63.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €212,567 | €70,585 | -€141,982 | -66.8% |
| Amounts payable | 17/49 | €59,068 | €155,705 | +€96,637 | +163.6% |
| Amounts payable within one year | 42/48 | €59,068 | €155,705 | +€96,637 | +163.6% |
| Trade debts | 44 | €3,301 | €1,525 | -€1,776 | -53.8% |
| Suppliers | 440/4 | €3,301 | €1,525 | -€1,776 | -53.8% |
| Taxes, remuneration and social security | 45 | €4,013 | €1,808 | -€2,205 | -54.9% |
| Taxes | 450/3 | €4,013 | €1,808 | -€2,205 | -54.9% |
| Other amounts payable | 47/48 | €51,754 | €152,372 | +€100,618 | +194.4% |
| Other operating charges | 640/8 | €1,111 | €1,055 | -€56 | -5.1% |
| Gross operating margin | 9900 | €26,153 | €14,290 | -€11,863 | -45.4% |
| Operating profit (loss) | 9901 | €25,042 | €13,236 | -€11,806 | -47.1% |
| Financial income | 75/76B | €2,576 | €1,692 | -€884 | -34.3% |
| Recurring financial income | 75 | €2,576 | €1,692 | -€884 | -34.3% |
| Financial charges | 65/66B | €702 | €805 | +€104 | +14.8% |
| Recurring financial charges | 65 | €702 | €805 | +€104 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €26,917 | €14,123 | -€12,794 | -47.5% |
| Income taxes | 67/77 | €8,564 | €4,494 | -€4,071 | -47.5% |
| Profit (loss) for the period | 9904 | €18,352 | €9,629 | -€8,723 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,352 | €9,629 | -€8,723 | -47.5% |
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 11 October 2026 via checked.be.