AMT GROUP: what changed
AMT GROUP
Largest movements
- Receivables within one year -€62,940
down €62,940 (-75.6%), from €83,247 to €20,306
of which Trade receivables: -€55,533
- Cash -€52,674
down €52,674 (-68.0%), from €77,515 to €24,841
mainly Trade debts (-€97,108) and Current portion of long-term debt (-€28,589)
- Formation expenses +€13,015
new in 2025: €13,015
- Deferred charges and accrued income -€9,045
down €9,045 (-97.9%), from €9,236 to €191
- Intangible fixed assets +€7,799
new in 2025: €7,799
- Trade debts -€97,108
down €97,108 (-69.7%), from €139,286 to €42,178
- Current portion of long-term debt -€28,589
down €28,589 (-80.4%), from €35,540 to €6,951
- Short-term financial debts +€9,534
up €9,534 (+22.1%), from €43,164 to €52,697
- Profit (loss) carried forward +€8,806
up €8,806 (+11.9%), from -€73,827 to -€65,021
- Debts after one year -€6,951
down €6,951 (-85.3%), from €8,144 to €1,193
- Write-downs -€53,878
down €53,878, from €25,226 to -€28,652
- Gross operating margin +€33,247
up €33,247, from -€27,028 to €6,219
- Other operating charges +€27,187
up €27,187 (+1,142%), from €2,382 to €29,569
- Financial charges -€2,060
down €2,060 (-23.2%), from €8,877 to €6,817
- Financial income -€767
down €767 (-49.7%), from €1,545 to €778
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,677 | €70,006 | -€106,671 | -60.4% |
| Formation expenses | 20 | - | €13,015 | +€13,015 | |
| Fixed assets | 21/28 | €6,680 | €11,653 | +€4,973 | +74.4% |
| Intangible fixed assets | 21 | - | €7,799 | +€7,799 | |
| Tangible fixed assets | 22/27 | €6,680 | €3,854 | -€2,826 | -42.3% |
| Plant, machinery and equipment | 23 | €6,680 | €3,854 | -€2,826 | -42.3% |
| Current assets | 29/58 | €169,998 | €45,338 | -€124,659 | -73.3% |
| Amounts receivable within one year | 40/41 | €83,247 | €20,306 | -€62,940 | -75.6% |
| Trade receivables | 40 | €60,839 | €5,306 | -€55,533 | -91.3% |
| Other amounts receivable | 41 | €22,407 | €15,000 | -€7,407 | -33.1% |
| Cash at bank and in hand | 54/58 | €77,515 | €24,841 | -€52,674 | -68.0% |
| Deferred charges and accrued income | 490/1 | €9,236 | €191 | -€9,045 | -97.9% |
| Total equity and liabilities | 10/49 | €176,677 | €70,006 | -€106,671 | -60.4% |
| Equity | 10/15 | -€55,227 | -€46,421 | +€8,806 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,827 | -€65,021 | +€8,806 | +11.9% |
| Amounts payable | 17/49 | €231,904 | €116,427 | -€115,477 | -49.8% |
| Amounts payable after more than one year | 17 | €8,144 | €1,193 | -€6,951 | -85.3% |
| Financial debts | 170/4 | €8,144 | €1,193 | -€6,951 | -85.3% |
| Amounts payable within one year | 42/48 | €223,760 | €115,105 | -€108,655 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €35,540 | €6,951 | -€28,589 | -80.4% |
| Financial debts | 43 | €43,164 | €52,697 | +€9,534 | +22.1% |
| Credit institutions | 430/8 | €43,164 | €52,697 | +€9,534 | +22.1% |
| Trade debts | 44 | €139,286 | €42,178 | -€97,108 | -69.7% |
| Suppliers | 440/4 | €139,286 | €42,178 | -€97,108 | -69.7% |
| Taxes, remuneration and social security | 45 | €1,031 | €3,620 | +€2,589 | +251% |
| Taxes | 450/3 | €1,031 | €3,620 | +€2,589 | +251% |
| Other amounts payable | 47/48 | €4,739 | €9,660 | +€4,920 | +104% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Non-recurring operating income | 76A | €7,343 | - | -€7,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,959 | €3,479 | +€521 | +17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,226 | -€28,652 | -€53,878 | |
| Other operating charges | 640/8 | €2,382 | €29,569 | +€27,187 | +1,142% |
| Non-recurring operating charges | 66A | €4,341 | -€13,022 | -€17,363 | |
| Gross operating margin | 9900 | -€27,028 | €6,219 | +€33,247 | |
| Operating profit (loss) | 9901 | -€61,935 | €14,846 | +€76,781 | |
| Financial income | 75/76B | €1,545 | €778 | -€767 | -49.7% |
| Recurring financial income | 75 | €1,545 | €778 | -€767 | -49.7% |
| Financial charges | 65/66B | €8,877 | €6,817 | -€2,060 | -23.2% |
| Recurring financial charges | 65 | €8,877 | €6,817 | -€2,060 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€69,267 | €8,806 | +€78,073 | |
| Profit (loss) for the period | 9904 | -€69,267 | €8,806 | +€78,073 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,267 | €8,806 | +€78,073 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.