AMW Industry: 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 Industry
Largest movements
- Receivables within one year -€110,230
down €110,230 (-18.8%), from €585,939 to €475,709
of which Trade receivables: -€110,203
- Intangible fixed assets -€40,680
down €40,680 (-16.8%), from €241,619 to €200,939
- Cash +€29,675
up €29,675 (+12.8%), from €231,626 to €261,301
mainly Depreciation (+€161,212) and Net result for the year (+€151,927)
- Other debts -€137,138
down €137,138 (-27.3%), from €502,262 to €365,124
- Debts after one year -€118,685
down €118,685 (-27.0%), from €438,973 to €320,288
- Reserves +€118,227
up €118,227 (+20.5%), from €575,408 to €693,635
of which Distributable reserves: +€118,227
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tax, wage and social debts +€42,133
up €42,133 (+51.9%), from €81,178 to €123,310
of which Remuneration and social security: +€23,783
- Gross operating margin +€49,665
up €49,665 (+5.2%), from €947,232 to €996,898
- Staff costs +€46,019
up €46,019 (+8.6%), from €532,141 to €578,159
- Taxes +€32,869
up €32,869 (+209%), from €15,746 to €48,615
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 | €1,952,779 | €1,833,181 | -€119,598 | -6.1% |
| Fixed assets | 21/28 | €811,163 | €756,639 | -€54,524 | -6.7% |
| Intangible fixed assets | 21 | €241,619 | €200,939 | -€40,680 | -16.8% |
| Tangible fixed assets | 22/27 | €569,390 | €555,545 | -€13,845 | -2.4% |
| Land and buildings | 22 | €77,605 | €91,786 | +€14,181 | +18.3% |
| Plant, machinery and equipment | 23 | €407,184 | €383,178 | -€24,006 | -5.9% |
| Furniture and vehicles | 24 | €8,817 | €17,497 | +€8,680 | +98.4% |
| Leasing and similar rights | 25 | €75,784 | €63,084 | -€12,700 | -16.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €1,141,616 | €1,076,542 | -€65,074 | -5.7% |
| Amounts receivable after more than one year | 29 | €2,658 | €2,685 | +€27 | +1.0% |
| Other amounts receivable | 291 | €2,658 | €2,685 | +€27 | +1.0% |
| Stocks and contracts in progress | 3 | €273,785 | €287,836 | +€14,050 | +5.1% |
| Stocks | 30/36 | €164,374 | €163,986 | -€388 | -0.2% |
| Contracts in progress | 37 | €109,412 | €123,850 | +€14,438 | +13.2% |
| Amounts receivable within one year | 40/41 | €585,939 | €475,709 | -€110,230 | -18.8% |
| Trade receivables | 40 | €585,068 | €474,865 | -€110,203 | -18.8% |
| Other amounts receivable | 41 | €871 | €844 | -€27 | -3.1% |
| Cash at bank and in hand | 54/58 | €231,626 | €261,301 | +€29,675 | +12.8% |
| Deferred charges and accrued income | 490/1 | €47,608 | €49,012 | +€1,404 | +3.0% |
| Total equity and liabilities | 10/49 | €1,952,779 | €1,833,181 | -€119,598 | -6.1% |
| Equity | 10/15 | €656,008 | €774,235 | +€118,227 | +18.0% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €575,408 | €693,635 | +€118,227 | +20.5% |
| Non-distributable reserves | 130/1 | €28,921 | €28,921 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,921 | €28,921 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €527,737 | €645,964 | +€118,227 | +22.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,296,771 | €1,058,946 | -€237,825 | -18.3% |
| Amounts payable after more than one year | 17 | €438,973 | €320,288 | -€118,685 | -27.0% |
| Financial debts | 170/4 | €438,973 | €320,288 | -€118,685 | -27.0% |
| Amounts payable within one year | 42/48 | €857,798 | €738,658 | -€119,140 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €124,621 | €121,232 | -€3,389 | -2.7% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €99,738 | €128,992 | +€29,254 | +29.3% |
| Suppliers | 440/4 | €99,738 | €128,992 | +€29,254 | +29.3% |
| Taxes, remuneration and social security | 45 | €81,178 | €123,310 | +€42,133 | +51.9% |
| Taxes | 450/3 | €50,601 | €68,951 | +€18,350 | +36.3% |
| Remuneration and social security | 454/9 | €30,577 | €54,360 | +€23,783 | +77.8% |
| Other amounts payable | 47/48 | €502,262 | €365,124 | -€137,138 | -27.3% |
| Remuneration, social security and pensions | 62 | €532,141 | €578,159 | +€46,019 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,784 | €161,212 | -€9,571 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,650 | +€2,650 | |
| Other operating charges | 640/8 | €37,637 | €33,833 | -€3,804 | -10.1% |
| Gross operating margin | 9900 | €947,232 | €996,898 | +€49,665 | +5.2% |
| Operating profit (loss) | 9901 | €206,671 | €221,044 | +€14,372 | +7.0% |
| Financial income | 75/76B | €34 | €3,334 | +€3,300 | +9,658% |
| Recurring financial income | 75 | €34 | €3,334 | +€3,300 | +9,658% |
| Financial charges | 65/66B | €31,199 | €23,836 | -€7,364 | -23.6% |
| Recurring financial charges | 65 | €31,199 | €23,836 | -€7,364 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €175,506 | €200,542 | +€25,036 | +14.3% |
| Income taxes | 67/77 | €15,746 | €48,615 | +€32,869 | +209% |
| Profit (loss) for the period | 9904 | €159,760 | €151,927 | -€7,833 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €159,760 | €151,927 | -€7,833 | -4.9% |
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 1 November 2026 via checked.be.