AMW: 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.
AMW
Largest movements
- Cash +€4,048
up €4,048 (+195%), from €2,074 to €6,122
mainly Accrued charges and deferred income (+€2,225) and Depreciation (+€1,464)
- Tangible fixed assets -€1,214
down €1,214 (-16.6%), from €7,321 to €6,107
- Stocks and contracts -€1,150
down €1,150 (-36.5%), from €3,150 to €2,000
- Receivables within one year +€551
up €551 (+4.4%), from €12,593 to €13,143
- Deferred charges and accrued income +€321
up €321 (+45.4%), from €707 to €1,028
- Accrued charges and deferred income +€2,225
up €2,225 (+5,150%), from €43 to €2,268
- Profit (loss) carried forward +€424
up €424 (+0.5%), from -€90,344 to -€89,920
- Gross operating margin +€10,606
up €10,606 (+91.5%), from -€11,594 to -€988
- Staff costs -€4,487
down €4,487 (-100%), from €4,487 to €0
- Financial income +€4,043
up €4,043 (+15,195%), from €27 to €4,070
- Other operating charges +€779
up €779 (+530%), from €147 to €926
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.
Derived cash bridge
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 | €25,845 | €28,400 | +€2,556 | +9.9% |
| Fixed assets | 21/28 | €7,321 | €6,107 | -€1,214 | -16.6% |
| Tangible fixed assets | 22/27 | €7,321 | €6,107 | -€1,214 | -16.6% |
| Furniture and vehicles | 24 | €7,321 | €6,107 | -€1,214 | -16.6% |
| Current assets | 29/58 | €18,523 | €22,293 | +€3,770 | +20.4% |
| Stocks and contracts in progress | 3 | €3,150 | €2,000 | -€1,150 | -36.5% |
| Stocks | 30/36 | €3,150 | €2,000 | -€1,150 | -36.5% |
| Amounts receivable within one year | 40/41 | €12,593 | €13,143 | +€551 | +4.4% |
| Trade receivables | 40 | €12,593 | €13,143 | +€551 | +4.4% |
| Cash at bank and in hand | 54/58 | €2,074 | €6,122 | +€4,048 | +195% |
| Deferred charges and accrued income | 490/1 | €707 | €1,028 | +€321 | +45.4% |
| Total equity and liabilities | 10/49 | €25,845 | €28,400 | +€2,556 | +9.9% |
| Equity | 10/15 | €21,446 | €21,870 | +€424 | +2.0% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €6,790 | €6,790 | = | 0.0% |
| Distributable reserves | 133 | €6,790 | €6,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,344 | -€89,920 | +€424 | +0.5% |
| Amounts payable | 17/49 | €4,399 | €6,530 | +€2,132 | +48.5% |
| Amounts payable within one year | 42/48 | €4,355 | €4,262 | -€93 | -2.1% |
| Trade debts | 44 | €188 | €36 | -€152 | -80.9% |
| Suppliers | 440/4 | €188 | €36 | -€152 | -80.9% |
| Taxes, remuneration and social security | 45 | €4,001 | €4,160 | +€159 | +4.0% |
| Taxes | 450/3 | €2,501 | €2,660 | +€159 | +6.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €167 | €66 | -€100 | -60.1% |
| Accrued charges and deferred income | 492/3 | €43 | €2,268 | +€2,225 | +5,150% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €4,487 | €0 | -€4,487 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,464 | €1,464 | -€0 | 0.0% |
| Other operating charges | 640/8 | €147 | €926 | +€779 | +530% |
| Non-recurring operating charges | 66A | - | €133 | +€133 | |
| Gross operating margin | 9900 | -€11,594 | -€988 | +€10,606 | +91.5% |
| Operating profit (loss) | 9901 | -€17,693 | -€3,512 | +€14,180 | +80.1% |
| Financial income | 75/76B | €27 | €4,070 | +€4,043 | +15,195% |
| Recurring financial income | 75 | €27 | €4,070 | +€4,043 | +15,195% |
| Financial charges | 65/66B | €86 | €134 | +€48 | +55.4% |
| Recurring financial charges | 65 | €86 | €134 | +€48 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,752 | €424 | +€18,176 | |
| Profit (loss) for the period | 9904 | -€17,752 | €424 | +€18,176 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,752 | €424 | +€18,176 |
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 18 October 2026 via checked.be.