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AMV CONSTRUCT: 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.

What changed

AMV CONSTRUCT

BE 0891.010.029
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€134,113
2024 · -€118,390-€15,724
Equity
-€926,726
2024 · -€792,613-€134,113
Cash
€12,081
2024 · €14,444-€2,363
Balance sheet total
€574,908
2024 · €700,821-€125,912

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€116,999

    down €116,999 (-17.5%), from €668,038 to €551,040

    of which Furniture and vehicles: -€96,887

  • Receivables within one year -€11,893

    down €11,893 (-80.2%), from €14,830 to €2,937

    of which Trade receivables: -€11,915

Equity and liabilities
  • Profit (loss) carried forward -€134,113

    down €134,113 (-14.9%), from -€900,201 to -€1.0m

  • Other debts +€40,993

    up €40,993 (+3.1%), from €1.3m to €1.3m

  • Debts after one year -€17,491

    down €17,491 (-11.5%), from €152,190 to €134,700

  • Trade debts -€10,096

    down €10,096 (-82.1%), from €12,302 to €2,206

Income statement
  • Gross operating margin -€51,924

    down €51,924, from €41,490 to -€10,435

  • Other operating charges -€36,217

    down €36,217 (-92.8%), from €39,029 to €2,812

  • Depreciation +€734

    up €734 (+0.6%), from €116,265 to €116,999

  • Financial charges -€734

    down €734 (-15.9%), from €4,601 to €3,868

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€118,390
Gross operating margin -€51,924
Depreciation -€734
Other operating charges +€36,217
Financial income -€16
Financial charges +€734
Result 2025 -€134,113

Cash bridge derived

cash 2024 to 2025

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.

From operations +€20,351
Investment €0
Financing -€22,715
Cash 2024 €14,444
Net result for the year -€134,113
Depreciation +€116,999
Stocks and contracts +€510
Receivables within one year +€11,893
Deferred charges and accrued income -€5,852
Trade debts -€10,096
Other debts +€40,993
Accrued charges and deferred income +€19
Debts after one year -€17,491
Current portion of long-term debt -€5,224
Cash 2025 €12,081
Every line side by side 44 lines
Line Code 2024 2025 Change %
Total assets 20/58 €700,821 €574,908 -€125,912 -18.0%
Formation expenses 20 €0 €0 =
Fixed assets 21/28 €668,173 €551,175 -€116,999 -17.5%
Intangible fixed assets 21 €0 €0 =
Tangible fixed assets 22/27 €668,038 €551,040 -€116,999 -17.5%
Land and buildings 22 €288,753 €276,822 -€11,931 -4.1%
Plant, machinery and equipment 23 €22,581 €14,400 -€8,181 -36.2%
Furniture and vehicles 24 €356,705 €259,817 -€96,887 -27.2%
Financial fixed assets 28 €135 €135 = 0.0%
Current assets 29/58 €32,647 €23,734 -€8,914 -27.3%
Stocks and contracts in progress 3 €2,560 €2,050 -€510 -19.9%
Stocks 30/36 €2,560 €2,050 -€510 -19.9%
Amounts receivable within one year 40/41 €14,830 €2,937 -€11,893 -80.2%
Trade receivables 40 €13,934 €2,019 -€11,915 -85.5%
Other amounts receivable 41 €896 €918 +€22 +2.5%
Cash at bank and in hand 54/58 €14,444 €12,081 -€2,363 -16.4%
Deferred charges and accrued income 490/1 €813 €6,665 +€5,852 +720.1%
Total equity and liabilities 10/49 €700,821 €574,908 -€125,912 -18.0%
Equity 10/15 -€792,613 -€926,726 -€134,113 -16.9%
Contributions 10/11 €75,000 €75,000 = 0.0%
Profit (loss) carried forward 14 -€900,201 -€1,034,314 -€134,113 -14.9%
Investment grants 15 €32,588 €32,588 = 0.0%
Amounts payable 17/49 €1,493,434 €1,501,634 +€8,201 +0.5%
Amounts payable after more than one year 17 €152,190 €134,700 -€17,491 -11.5%
Financial debts 170/4 €152,190 €134,700 -€17,491 -11.5%
Amounts payable within one year 42/48 €1,340,596 €1,366,269 +€25,673 +1.9%
Current portion of amounts payable after more than one year 42 €22,715 €17,491 -€5,224 -23.0%
Trade debts 44 €12,302 €2,206 -€10,096 -82.1%
Suppliers 440/4 €12,302 €2,206 -€10,096 -82.1%
Taxes, remuneration and social security 45 €0 €0 =
Taxes 450/3 €0 €0 =
Other amounts payable 47/48 €1,305,579 €1,346,572 +€40,993 +3.1%
Accrued charges and deferred income 492/3 €647 €666 +€19 +2.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €116,265 €116,999 +€734 +0.6%
Other operating charges 640/8 €39,029 €2,812 -€36,217 -92.8%
Gross operating margin 9900 €41,490 -€10,435 -€51,924
Operating profit (loss) 9901 -€113,804 -€130,246 -€16,441 -14.4%
Financial income 75/76B €16 €0 -€16 -99.9%
Recurring financial income 75 €16 €0 -€16 -99.9%
Financial charges 65/66B €4,601 €3,868 -€734 -15.9%
Recurring financial charges 65 €4,601 €3,868 -€734 -15.9%
Profit (loss) for the period before taxes 9903 -€118,390 -€134,113 -€15,724 -13.3%
Profit (loss) for the period 9904 -€118,390 -€134,113 -€15,724 -13.3%
Profit (loss) for the period to be appropriated 9905 -€118,390 -€134,113 -€15,724 -13.3%

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 28 September 2026 via checked.be.