AMVF: 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.
AMVF
Largest movements
- Receivables within one year +€183,515
up €183,515 (+236.0%), from €77,749 to €261,264
of which Other amounts receivable: +€183,767
- Deferred charges and accrued income +€76,299
up €76,299 (+595.8%), from €12,806 to €89,105
- Current investments -€50,000
down €50,000 (-9.1%), from €550,000 to €500,000
- Tangible fixed assets +€29,258
up €29,258 (+13.0%), from €225,372 to €254,630
of which Other tangible fixed assets: +€15,312
- Cash -€20,430
down €20,430 (-11.1%), from €184,727 to €164,297
mainly Contributions, distributions and other (-€782,353) and Receivables within one year (-€183,515)
- Profit (loss) carried forward +€973,790
new in 2025: €973,790
- Reserves -€782,353
down €782,353 (-85.8%), from €912,216 to €129,863
- Debts after one year +€38,900
up €38,900 (+50.2%), from €77,500 to €116,400
- Other debts -€32,181
no longer reported in 2025 (was €32,181)
- Tax, wage and social debts +€23,774
up €23,774 (+106.3%), from €22,363 to €46,136
of which Taxes: +€24,627
- Gross operating margin +€66,571
up €66,571 (+5.2%), from €1.3m to €1.3m
- Taxes +€20,315
up €20,315 (+6.6%), from €307,629 to €327,944
- Staff costs -€14,421
down €14,421, from €13,842 to -€579
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 | €1,050,654 | €1,269,297 | +€218,643 | +20.8% |
| Fixed assets | 21/28 | €225,372 | €254,630 | +€29,258 | +13.0% |
| Tangible fixed assets | 22/27 | €225,372 | €254,630 | +€29,258 | +13.0% |
| Plant, machinery and equipment | 23 | €3,131 | €5,001 | +€1,870 | +59.7% |
| Furniture and vehicles | 24 | €78,422 | €90,499 | +€12,077 | +15.4% |
| Other tangible fixed assets | 26 | €143,818 | €159,130 | +€15,312 | +10.6% |
| Current assets | 29/58 | €825,282 | €1,014,667 | +€189,384 | +22.9% |
| Amounts receivable within one year | 40/41 | €77,749 | €261,264 | +€183,515 | +236.0% |
| Trade receivables | 40 | €252 | - | -€252 | |
| Other amounts receivable | 41 | €77,497 | €261,264 | +€183,767 | +237.1% |
| Current investments | 50/53 | €550,000 | €500,000 | -€50,000 | -9.1% |
| Cash at bank and in hand | 54/58 | €184,727 | €164,297 | -€20,430 | -11.1% |
| Deferred charges and accrued income | 490/1 | €12,806 | €89,105 | +€76,299 | +595.8% |
| Total equity and liabilities | 10/49 | €1,050,654 | €1,269,297 | +€218,643 | +20.8% |
| Equity | 10/15 | €912,316 | €1,103,753 | +€191,437 | +21.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €912,216 | €129,863 | -€782,353 | -85.8% |
| Distributable reserves | 133 | €912,216 | €129,863 | -€782,353 | -85.8% |
| Profit (loss) carried forward | 14 | - | €973,790 | +€973,790 | |
| Amounts payable | 17/49 | €138,337 | €165,543 | +€27,206 | +19.7% |
| Amounts payable after more than one year | 17 | €77,500 | €116,400 | +€38,900 | +50.2% |
| Financial debts | 170/4 | €77,500 | €116,400 | +€38,900 | +50.2% |
| Amounts payable within one year | 42/48 | €58,727 | €47,109 | -€11,618 | -19.8% |
| Trade debts | 44 | €4,183 | €973 | -€3,210 | -76.7% |
| Suppliers | 440/4 | €4,183 | €973 | -€3,210 | -76.7% |
| Taxes, remuneration and social security | 45 | €22,363 | €46,136 | +€23,774 | +106.3% |
| Taxes | 450/3 | €21,510 | €46,136 | +€24,627 | +114.5% |
| Remuneration and social security | 454/9 | €853 | - | -€853 | |
| Other amounts payable | 47/48 | €32,181 | - | -€32,181 | |
| Accrued charges and deferred income | 492/3 | €2,110 | €2,034 | -€76 | -3.6% |
| Non-recurring operating income | 76A | €8,100 | €5,865 | -€2,236 | -27.6% |
| Remuneration, social security and pensions | 62 | €13,842 | -€579 | -€14,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,435 | €44,408 | +€3,973 | +9.8% |
| Other operating charges | 640/8 | €4,010 | €3,129 | -€881 | -22.0% |
| Gross operating margin | 9900 | €1,271,285 | €1,337,856 | +€66,571 | +5.2% |
| Operating profit (loss) | 9901 | €1,212,998 | €1,290,899 | +€77,901 | +6.4% |
| Financial income | 75/76B | €9,891 | €14,223 | +€4,332 | +43.8% |
| Recurring financial income | 75 | €9,891 | €14,223 | +€4,332 | +43.8% |
| Financial charges | 65/66B | €3,044 | €3,388 | +€344 | +11.3% |
| Recurring financial charges | 65 | €3,044 | €3,388 | +€344 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €1,219,845 | €1,301,734 | +€81,889 | +6.7% |
| Income taxes | 67/77 | €307,629 | €327,944 | +€20,315 | +6.6% |
| Profit (loss) for the period | 9904 | €912,216 | €973,790 | +€61,574 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €912,216 | €973,790 | +€61,574 | +6.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.