AMVR: 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.
AMVR
Largest movements
- Receivables within one year +€146,408
up €146,408 (+103.9%), from €140,921 to €287,329
of which Other amounts receivable: +€99,221
- Tangible fixed assets +€139,324
up €139,324 (+30.5%), from €456,541 to €595,865
of which Land and buildings: +€140,202
- Cash -€32,819
down €32,819 (-65.6%), from €50,032 to €17,212
mainly Contributions, distributions and other (-€450,000) and Investment in fixed assets (net) (-€147,378)
- Other debts +€450,000
up €450,000, from €0 to €450,000
- Profit (loss) carried forward -€340,458
down €340,458 (-73.1%), from €465,927 to €125,469
- Debts after one year +€147,065
up €147,065 (+24.0%), from €613,752 to €760,818
of which Financial debts: +€90,448
- Trade debts -€21,282
down €21,282 (-64.1%), from €33,175 to €11,893
- Accrued charges and deferred income +€19,524
up €19,524 (+154.2%), from €12,660 to €32,184
- Gross operating margin +€129,231
up €129,231 (+231.5%), from €55,827 to €185,057
- Depreciation -€45,412
down €45,412 (-84.9%), from €53,466 to €8,054
- Taxes +€31,968
up €31,968 (+6246.5%), from €512 to €32,480
- Other operating charges -€12,209
down €12,209 (-89.1%), from €13,703 to €1,493
- Financial charges +€6,577
up €6,577 (+21.1%), from €31,147 to €37,724
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 | €1,144,672 | €1,402,948 | +€258,276 | +22.6% |
| Fixed assets | 21/28 | €456,541 | €595,865 | +€139,324 | +30.5% |
| Tangible fixed assets | 22/27 | €456,541 | €595,865 | +€139,324 | +30.5% |
| Land and buildings | 22 | €438,893 | €579,094 | +€140,202 | +31.9% |
| Furniture and vehicles | 24 | €2,836 | €3,527 | +€691 | +24.4% |
| Other tangible fixed assets | 26 | €14,813 | €13,244 | -€1,568 | -10.6% |
| Current assets | 29/58 | €688,131 | €807,083 | +€118,952 | +17.3% |
| Amounts receivable after more than one year | 29 | €496,060 | €496,060 | = | 0.0% |
| Other amounts receivable | 291 | €496,060 | €496,060 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €140,921 | €287,329 | +€146,408 | +103.9% |
| Trade receivables | 40 | €139,432 | €186,620 | +€47,188 | +33.8% |
| Other amounts receivable | 41 | €1,488 | €100,709 | +€99,221 | +6667.1% |
| Cash at bank and in hand | 54/58 | €50,032 | €17,212 | -€32,819 | -65.6% |
| Deferred charges and accrued income | 490/1 | €1,119 | €6,482 | +€5,363 | +479.2% |
| Total equity and liabilities | 10/49 | €1,144,672 | €1,402,948 | +€258,276 | +22.6% |
| Equity | 10/15 | €467,927 | €127,469 | -€340,458 | -72.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €465,927 | €125,469 | -€340,458 | -73.1% |
| Amounts payable | 17/49 | €676,746 | €1,275,480 | +€598,734 | +88.5% |
| Amounts payable after more than one year | 17 | €613,752 | €760,818 | +€147,065 | +24.0% |
| Financial debts | 170/4 | €366,296 | €456,744 | +€90,448 | +24.7% |
| Other amounts payable | 178/9 | €247,456 | €304,074 | +€56,617 | +22.9% |
| Amounts payable within one year | 42/48 | €50,334 | €482,478 | +€432,145 | +858.6% |
| Current portion of amounts payable after more than one year | 42 | €14,219 | €18,603 | +€4,384 | +30.8% |
| Trade debts | 44 | €33,175 | €11,893 | -€21,282 | -64.1% |
| Suppliers | 440/4 | €33,175 | €11,893 | -€21,282 | -64.1% |
| Taxes, remuneration and social security | 45 | €2,940 | €1,982 | -€958 | -32.6% |
| Taxes | 450/3 | €428 | €698 | +€270 | +63.1% |
| Remuneration and social security | 454/9 | €2,512 | €1,284 | -€1,228 | -48.9% |
| Other amounts payable | 47/48 | €0 | €450,000 | +€450,000 | |
| Accrued charges and deferred income | 492/3 | €12,660 | €32,184 | +€19,524 | +154.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,466 | €8,054 | -€45,412 | -84.9% |
| Other operating charges | 640/8 | €13,703 | €1,493 | -€12,209 | -89.1% |
| Gross operating margin | 9900 | €55,827 | €185,057 | +€129,231 | +231.5% |
| Operating profit (loss) | 9901 | -€11,342 | €175,510 | +€186,852 | |
| Financial income | 75/76B | €1 | €4,236 | +€4,235 | +529406.3% |
| Recurring financial income | 75 | €1 | €4,236 | +€4,235 | +529406.3% |
| Financial charges | 65/66B | €31,147 | €37,724 | +€6,577 | +21.1% |
| Recurring financial charges | 65 | €31,147 | €37,724 | +€6,577 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€42,488 | €142,022 | +€184,510 | |
| Income taxes | 67/77 | €512 | €32,480 | +€31,968 | +6246.5% |
| Profit (loss) for the period | 9904 | -€43,000 | €109,542 | +€152,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,000 | €109,542 | +€152,542 |
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 7 October 2026 via checked.be.