AMT Construct: 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.
AMT Construct
Largest movements
- Receivables within one year +€226,377
up €226,377 (+465%), from €48,642 to €275,019
of which Other amounts receivable: +€260,146
- Receivables after one year -€202,785
no longer reported in 2025 (was €202,785)
- Deferred charges and accrued income +€3,522
new in 2025: €3,522
- Profit (loss) carried forward +€32,118
up €32,118 (+15.5%), from €207,312 to €239,430
- Trade debts -€18,320
down €18,320 (-55.6%), from €32,949 to €14,628
- Tax, wage and social debts +€13,578
up €13,578 (+92.1%), from €14,744 to €28,322
- Current portion of long-term debt -€4,541
no longer reported in 2025 (was €4,541)
- Other operating charges +€23,684
up €23,684 (+984%), from €2,406 to €26,090
- Gross operating margin +€20,396
up €20,396 (+35.2%), from €58,013 to €78,409
- Taxes +€17,035
new in 2025: €17,035
- Depreciation -€5,648
down €5,648 (-73.1%), from €7,728 to €2,081
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 | €262,335 | €285,170 | +€22,835 | +8.7% |
| Fixed assets | 21/28 | €4,295 | €2,214 | -€2,081 | -48.4% |
| Tangible fixed assets | 22/27 | €4,295 | €2,214 | -€2,081 | -48.4% |
| Plant, machinery and equipment | 23 | €624 | €173 | -€451 | -72.2% |
| Furniture and vehicles | 24 | €3,671 | €2,041 | -€1,630 | -44.4% |
| Current assets | 29/58 | €258,040 | €282,955 | +€24,915 | +9.7% |
| Amounts receivable after more than one year | 29 | €202,785 | - | -€202,785 | |
| Other amounts receivable | 291 | €202,785 | - | -€202,785 | |
| Amounts receivable within one year | 40/41 | €48,642 | €275,019 | +€226,377 | +465% |
| Trade receivables | 40 | €47,728 | €13,959 | -€33,769 | -70.8% |
| Other amounts receivable | 41 | €914 | €261,060 | +€260,146 | +28,464% |
| Current investments | 50/53 | €694 | €694 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,919 | €3,720 | -€2,199 | -37.2% |
| Deferred charges and accrued income | 490/1 | - | €3,522 | +€3,522 | |
| Total equity and liabilities | 10/49 | €262,335 | €285,170 | +€22,835 | +8.7% |
| Equity | 10/15 | €209,812 | €241,930 | +€32,118 | +15.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,312 | €239,430 | +€32,118 | +15.5% |
| Amounts payable | 17/49 | €52,523 | €43,240 | -€9,283 | -17.7% |
| Amounts payable within one year | 42/48 | €52,523 | €43,240 | -€9,283 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €4,541 | - | -€4,541 | |
| Trade debts | 44 | €32,949 | €14,628 | -€18,320 | -55.6% |
| Suppliers | 440/4 | €32,949 | €14,628 | -€18,320 | -55.6% |
| Advances received on contracts in progress | 46 | €290 | €290 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €14,744 | €28,322 | +€13,578 | +92.1% |
| Taxes | 450/3 | €14,744 | €28,322 | +€13,578 | +92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,728 | €2,081 | -€5,648 | -73.1% |
| Other operating charges | 640/8 | €2,406 | €26,090 | +€23,684 | +984% |
| Gross operating margin | 9900 | €58,013 | €78,409 | +€20,396 | +35.2% |
| Operating profit (loss) | 9901 | €47,879 | €50,238 | +€2,360 | +4.9% |
| Financial income | 75/76B | €143 | - | -€143 | |
| Recurring financial income | 75 | €143 | - | -€143 | |
| Financial charges | 65/66B | €925 | €1,085 | +€160 | +17.3% |
| Recurring financial charges | 65 | €925 | €1,085 | +€160 | +17.3% |
| Non-recurring financial charges | 66B | €925 | - | -€925 | |
| Profit (loss) for the period before taxes | 9903 | €47,096 | €49,153 | +€2,057 | +4.4% |
| Income taxes | 67/77 | - | €17,035 | +€17,035 | |
| Profit (loss) for the period | 9904 | €47,096 | €32,118 | -€14,979 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,096 | €32,118 | -€14,979 | -31.8% |
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 15 October 2026 via checked.be.