AMV Creation: 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.
AMV Creation
Largest movements
- Receivables within one year +€58,669
up €58,669 (+220.9%), from €26,555 to €85,224
of which Trade receivables: +€70,892
- Cash +€54,527
up €54,527 (+58.4%), from €93,300 to €147,826
mainly Net result for the year (+€127,521) and Other debts (+€30,000)
- Tangible fixed assets -€9,920
down €9,920 (-1.5%), from €648,085 to €638,165
of which Land and buildings: -€9,185
- Profit (loss) carried forward +€74,404
up €74,404 (+34.8%), from €213,575 to €287,980
- Other debts +€30,000
new in 2025: €30,000
- Debts after one year -€25,406
down €25,406 (-6.3%), from €406,154 to €380,748
- Trade debts +€18,512
up €18,512 (+189.6%), from €9,766 to €28,279
- Tax, wage and social debts +€10,616
up €10,616 (+49.5%), from €21,441 to €32,057
- Gross operating margin +€133,474
up €133,474 (+182.6%), from €73,082 to €206,555
- Depreciation -€48,406
down €48,406 (-68.1%), from €71,062 to €22,656
- Taxes +€41,674
up €41,674 (+33826.3%), from €123 to €41,797
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 | €780,694 | €889,740 | +€109,046 | +14.0% |
| Fixed assets | 21/28 | €648,085 | €638,165 | -€9,920 | -1.5% |
| Tangible fixed assets | 22/27 | €648,085 | €638,165 | -€9,920 | -1.5% |
| Land and buildings | 22 | €643,227 | €634,042 | -€9,185 | -1.4% |
| Furniture and vehicles | 24 | €4,858 | €4,123 | -€735 | -15.1% |
| Current assets | 29/58 | €132,609 | €251,575 | +€118,966 | +89.7% |
| Amounts receivable after more than one year | 29 | €9,516 | €10,510 | +€994 | +10.4% |
| Other amounts receivable | 291 | €9,516 | €10,510 | +€994 | +10.4% |
| Amounts receivable within one year | 40/41 | €26,555 | €85,224 | +€58,669 | +220.9% |
| Trade receivables | 40 | €12,922 | €83,814 | +€70,892 | +548.6% |
| Other amounts receivable | 41 | €13,633 | €1,410 | -€12,223 | -89.7% |
| Current investments | 50/53 | €1,427 | €1,413 | -€14 | -1.0% |
| Cash at bank and in hand | 54/58 | €93,300 | €147,826 | +€54,527 | +58.4% |
| Deferred charges and accrued income | 490/1 | €1,811 | €6,601 | +€4,790 | +264.5% |
| Total equity and liabilities | 10/49 | €780,694 | €889,740 | +€109,046 | +14.0% |
| Equity | 10/15 | €315,470 | €389,875 | +€74,404 | +23.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €98,895 | €98,895 | = | 0.0% |
| Distributable reserves | 133 | €98,895 | €98,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,575 | €287,980 | +€74,404 | +34.8% |
| Amounts payable | 17/49 | €465,224 | €499,866 | +€34,641 | +7.4% |
| Amounts payable after more than one year | 17 | €406,154 | €380,748 | -€25,406 | -6.3% |
| Financial debts | 170/4 | €406,154 | €380,748 | -€25,406 | -6.3% |
| Amounts payable within one year | 42/48 | €55,692 | €115,742 | +€60,050 | +107.8% |
| Current portion of amounts payable after more than one year | 42 | €24,485 | €25,406 | +€921 | +3.8% |
| Trade debts | 44 | €9,766 | €28,279 | +€18,512 | +189.6% |
| Suppliers | 440/4 | €9,766 | €28,279 | +€18,512 | +189.6% |
| Taxes, remuneration and social security | 45 | €21,441 | €32,057 | +€10,616 | +49.5% |
| Taxes | 450/3 | €21,441 | €32,057 | +€10,616 | +49.5% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €3,378 | €3,376 | -€2 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,062 | €22,656 | -€48,406 | -68.1% |
| Other operating charges | 640/8 | €155 | €344 | +€189 | +122.2% |
| Gross operating margin | 9900 | €73,082 | €206,555 | +€133,474 | +182.6% |
| Operating profit (loss) | 9901 | €1,865 | €183,555 | +€181,690 | +9742.2% |
| Financial income | 75/76B | €839 | €1,918 | +€1,079 | +128.6% |
| Recurring financial income | 75 | €832 | €1,857 | +€1,025 | +123.3% |
| Non-recurring financial income | 76B | €7 | €60 | +€53 | +753.5% |
| Financial charges | 65/66B | €17,140 | €16,155 | -€985 | -5.7% |
| Recurring financial charges | 65 | €17,050 | €16,038 | -€1,011 | -5.9% |
| Non-recurring financial charges | 66B | €90 | €117 | +€27 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,436 | €169,318 | +€183,754 | |
| Income taxes | 67/77 | €123 | €41,797 | +€41,674 | +33826.3% |
| Profit (loss) for the period | 9904 | -€14,559 | €127,521 | +€142,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,559 | €127,521 | +€142,080 |
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 12 October 2026 via checked.be.