AmWorks: 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.
AmWorks
Largest movements
- Tangible fixed assets +€283,406
up €283,406 (+98.4%), from €288,044 to €571,450
of which Land and buildings: +€283,426
- Current investments -€195,757
down €195,757 (-97.5%), from €200,757 to €5,000
- Receivables within one year +€61,540
up €61,540 (+18.1%), from €340,849 to €402,389
of which Trade receivables: +€45,530
- Cash -€52,343
down €52,343 (-15.1%), from €346,050 to €293,707
mainly Contributions, distributions and other (-€600,000) and Investment in fixed assets (net) (-€302,554)
- Reserves -€274,961
down €274,961 (-33.0%), from €833,072 to €558,112
of which Distributable reserves: -€253,116
- Other debts +€151,183
up €151,183 (+204%), from €74,085 to €225,268
- Accrued charges and deferred income +€129,781
up €129,781 (+3,766%), from €3,446 to €133,227
- Debts after one year +€78,057
up €78,057 (+54.3%), from €143,651 to €221,707
- Trade debts -€15,580
down €15,580 (-100%), from €15,580 to €0
- Other operating charges +€21,620
up €21,620 (+565%), from €3,828 to €25,449
- Financial income +€8,505
up €8,505 (+101%), from €8,440 to €16,945
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 | €1,176,597 | €1,272,745 | +€96,148 | +8.2% |
| Fixed assets | 21/28 | €288,044 | €571,450 | +€283,406 | +98.4% |
| Tangible fixed assets | 22/27 | €288,044 | €571,450 | +€283,406 | +98.4% |
| Land and buildings | 22 | €285,152 | €568,578 | +€283,426 | +99.4% |
| Plant, machinery and equipment | 23 | €767 | €1,506 | +€739 | +96.3% |
| Furniture and vehicles | 24 | €2,125 | €1,366 | -€759 | -35.7% |
| Current assets | 29/58 | €888,553 | €701,295 | -€187,258 | -21.1% |
| Amounts receivable within one year | 40/41 | €340,849 | €402,389 | +€61,540 | +18.1% |
| Trade receivables | 40 | €337,427 | €382,957 | +€45,530 | +13.5% |
| Other amounts receivable | 41 | €3,422 | €19,433 | +€16,010 | +468% |
| Current investments | 50/53 | €200,757 | €5,000 | -€195,757 | -97.5% |
| Cash at bank and in hand | 54/58 | €346,050 | €293,707 | -€52,343 | -15.1% |
| Deferred charges and accrued income | 490/1 | €897 | €198 | -€699 | -77.9% |
| Total equity and liabilities | 10/49 | €1,176,597 | €1,272,745 | +€96,148 | +8.2% |
| Equity | 10/15 | €888,872 | €613,912 | -€274,961 | -30.9% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €833,072 | €558,112 | -€274,961 | -33.0% |
| Tax-exempt reserves | 132 | €210,500 | €188,656 | -€21,844 | -10.4% |
| Distributable reserves | 133 | €622,572 | €369,456 | -€253,116 | -40.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €287,724 | €658,833 | +€371,109 | +129% |
| Amounts payable after more than one year | 17 | €143,651 | €221,707 | +€78,057 | +54.3% |
| Financial debts | 170/4 | €143,651 | €221,707 | +€78,057 | +54.3% |
| Amounts payable within one year | 42/48 | €140,628 | €303,899 | +€163,271 | +116% |
| Current portion of amounts payable after more than one year | 42 | €25,764 | €36,126 | +€10,362 | +40.2% |
| Financial debts | 43 | €16,500 | €27,500 | +€11,000 | +66.7% |
| Credit institutions | 430/8 | €16,500 | €27,500 | +€11,000 | +66.7% |
| Trade debts | 44 | €15,580 | €0 | -€15,580 | -100% |
| Suppliers | 440/4 | €15,580 | €0 | -€15,580 | -100% |
| Taxes, remuneration and social security | 45 | €8,698 | €15,005 | +€6,306 | +72.5% |
| Taxes | 450/3 | €8,698 | €15,005 | +€6,306 | +72.5% |
| Other amounts payable | 47/48 | €74,085 | €225,268 | +€151,183 | +204% |
| Accrued charges and deferred income | 492/3 | €3,446 | €133,227 | +€129,781 | +3,766% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,589 | €19,148 | -€1,441 | -7.0% |
| Other operating charges | 640/8 | €3,828 | €25,449 | +€21,620 | +565% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €470,520 | €474,985 | +€4,465 | +0.9% |
| Operating profit (loss) | 9901 | €446,103 | €430,388 | -€15,715 | -3.5% |
| Financial income | 75/76B | €8,440 | €16,945 | +€8,505 | +101% |
| Recurring financial income | 75 | €8,440 | €16,945 | +€8,505 | +101% |
| Financial charges | 65/66B | €24,249 | €21,645 | -€2,603 | -10.7% |
| Recurring financial charges | 65 | €24,249 | €21,645 | -€2,603 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €430,294 | €425,688 | -€4,607 | -1.1% |
| Income taxes | 67/77 | €103,657 | €100,649 | -€3,008 | -2.9% |
| Profit (loss) for the period | 9904 | €326,638 | €325,039 | -€1,599 | -0.5% |
| Transfer from tax-exempt reserves | 789 | - | €21,844 | +€21,844 | |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €221,388 | €346,884 | +€125,496 | +56.7% |
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 31 October 2026 via checked.be.