amtm: 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.
amtm
Largest movements
- Cash -€62,845
down €62,845 (-51.4%), from €122,258 to €59,413
mainly Contributions, distributions and other (-€78,000) and Receivables within one year (-€46,417)
- Receivables within one year +€46,417
up €46,417 (+462.6%), from €10,033 to €56,450
of which Trade receivables: +€42,520
- Reserves -€29,067
down €29,067 (-37.2%), from €78,034 to €48,968
- Other debts +€9,050
up €9,050 (+25.1%), from €36,000 to €45,050
- Trade debts +€3,358
up €3,358 (+30.6%), from €10,961 to €14,319
- Tax, wage and social debts +€3,083
up €3,083 (+52.3%), from €5,899 to €8,981
- Accrued charges and deferred income -€2,771
down €2,771 (-100.0%), from €2,771 to €0
- Gross operating margin -€42,162
down €42,162 (-37.7%), from €111,726 to €69,564
- Taxes -€10,421
down €10,421 (-37.2%), from €27,982 to €17,560
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 | €140,665 | €124,318 | -€16,347 | -11.6% |
| Fixed assets | 21/28 | €5,198 | €5,174 | -€23 | -0.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,198 | €5,174 | -€23 | -0.5% |
| Furniture and vehicles | 24 | €5,198 | €5,174 | -€23 | -0.5% |
| Current assets | 29/58 | €135,468 | €119,144 | -€16,324 | -12.0% |
| Amounts receivable within one year | 40/41 | €10,033 | €56,450 | +€46,417 | +462.6% |
| Trade receivables | 40 | €9,971 | €52,491 | +€42,520 | +426.4% |
| Other amounts receivable | 41 | €62 | €3,959 | +€3,897 | +6263.5% |
| Cash at bank and in hand | 54/58 | €122,258 | €59,413 | -€62,845 | -51.4% |
| Deferred charges and accrued income | 490/1 | €3,177 | €3,281 | +€104 | +3.3% |
| Total equity and liabilities | 10/49 | €140,665 | €124,318 | -€16,347 | -11.6% |
| Equity | 10/15 | €85,034 | €55,968 | -€29,067 | -34.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €78,034 | €48,968 | -€29,067 | -37.2% |
| Distributable reserves | 133 | €78,034 | €48,968 | -€29,067 | -37.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,631 | €68,350 | +€12,720 | +22.9% |
| Amounts payable within one year | 42/48 | €52,860 | €68,350 | +€15,491 | +29.3% |
| Trade debts | 44 | €10,961 | €14,319 | +€3,358 | +30.6% |
| Suppliers | 440/4 | €10,961 | €14,319 | +€3,358 | +30.6% |
| Taxes, remuneration and social security | 45 | €5,899 | €8,981 | +€3,083 | +52.3% |
| Taxes | 450/3 | €5,899 | €8,981 | +€3,083 | +52.3% |
| Other amounts payable | 47/48 | €36,000 | €45,050 | +€9,050 | +25.1% |
| Accrued charges and deferred income | 492/3 | €2,771 | €0 | -€2,771 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,919 | €2,254 | +€335 | +17.5% |
| Other operating charges | 640/8 | €513 | €536 | +€22 | +4.4% |
| Gross operating margin | 9900 | €111,726 | €69,564 | -€42,162 | -37.7% |
| Operating profit (loss) | 9901 | €109,294 | €66,774 | -€42,520 | -38.9% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €315 | €313 | -€2 | -0.5% |
| Recurring financial charges | 65 | €315 | €313 | -€2 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €108,979 | €66,494 | -€42,485 | -39.0% |
| Income taxes | 67/77 | €27,982 | €17,560 | -€10,421 | -37.2% |
| Profit (loss) for the period | 9904 | €80,997 | €48,933 | -€32,064 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,997 | €48,933 | -€32,064 | -39.6% |
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 6 October 2026 via checked.be.