AMT MANAGEMENT: 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.
AMT MANAGEMENT
Largest movements
- Cash -€21,018
down €21,018 (-52.6%), from €39,980 to €18,962
mainly Other debts (-€18,838) and Investment in fixed assets (net) (-€12,874)
- Tangible fixed assets -€8,098
down €8,098 (-4.0%), from €204,922 to €196,824
of which Land and buildings: -€9,000
- Deferred charges and accrued income +€4,228
up €4,228 (+24.1%), from €17,530 to €21,758
- Other debts -€18,838
no longer reported in 2025 (was €18,838)
- Debts after one year -€12,059
down €12,059 (-7.7%), from €156,526 to €144,467
of which Financial debts: -€12,059
- Trade debts +€7,149
new in 2025: €7,149
- Gross operating margin -€25,673
down €25,673 (-47.7%), from €53,804 to €28,131
- Depreciation +€1,756
up €1,756 (+9.1%), from €19,217 to €20,973
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 | €348,620 | €325,032 | -€23,588 | -6.8% |
| Fixed assets | 21/28 | €204,922 | €196,824 | -€8,098 | -4.0% |
| Tangible fixed assets | 22/27 | €204,922 | €196,824 | -€8,098 | -4.0% |
| Land and buildings | 22 | €192,971 | €183,972 | -€9,000 | -4.7% |
| Furniture and vehicles | 24 | €11,951 | €12,852 | +€901 | +7.5% |
| Current assets | 29/58 | €143,698 | €128,208 | -€15,490 | -10.8% |
| Amounts receivable within one year | 40/41 | €86,188 | €87,489 | +€1,300 | +1.5% |
| Trade receivables | 40 | - | €6,033 | +€6,033 | |
| Other amounts receivable | 41 | €86,188 | €81,456 | -€4,733 | -5.5% |
| Cash at bank and in hand | 54/58 | €39,980 | €18,962 | -€21,018 | -52.6% |
| Deferred charges and accrued income | 490/1 | €17,530 | €21,758 | +€4,228 | +24.1% |
| Total equity and liabilities | 10/49 | €348,620 | €325,032 | -€23,588 | -6.8% |
| Equity | 10/15 | €155,503 | €157,071 | +€1,568 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,540 | €67,540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,720 | €47,720 | = | 0.0% |
| Distributable reserves | 133 | €17,962 | €17,962 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,763 | €83,330 | +€1,568 | +1.9% |
| Amounts payable | 17/49 | €193,117 | €167,961 | -€25,156 | -13.0% |
| Amounts payable after more than one year | 17 | €156,526 | €144,467 | -€12,059 | -7.7% |
| Financial debts | 170/4 | €153,871 | €141,812 | -€12,059 | -7.8% |
| Other amounts payable | 178/9 | €2,655 | €2,655 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,268 | €20,171 | -€13,097 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €11,871 | €12,059 | +€188 | +1.6% |
| Trade debts | 44 | - | €7,149 | +€7,149 | |
| Suppliers | 440/4 | - | €7,149 | +€7,149 | |
| Taxes, remuneration and social security | 45 | €2,559 | €963 | -€1,596 | -62.4% |
| Taxes | 450/3 | €2,559 | €963 | -€1,596 | -62.4% |
| Other amounts payable | 47/48 | €18,838 | - | -€18,838 | |
| Accrued charges and deferred income | 492/3 | €3,323 | €3,323 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,217 | €20,973 | +€1,756 | +9.1% |
| Other operating charges | 640/8 | €3,320 | €3,421 | +€102 | +3.1% |
| Gross operating margin | 9900 | €53,804 | €28,131 | -€25,673 | -47.7% |
| Operating profit (loss) | 9901 | €31,267 | €3,737 | -€27,531 | -88.0% |
| Financial income | 75/76B | €3,602 | €3,729 | +€127 | +3.5% |
| Recurring financial income | 75 | €3,602 | €3,729 | +€127 | +3.5% |
| Financial charges | 65/66B | €5,171 | €4,894 | -€276 | -5.3% |
| Recurring financial charges | 65 | €5,171 | €4,894 | -€276 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €29,699 | €2,571 | -€27,127 | -91.3% |
| Income taxes | 67/77 | €1,275 | €1,004 | -€271 | -21.3% |
| Profit (loss) for the period | 9904 | €28,424 | €1,568 | -€26,856 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,424 | €1,568 | -€26,856 | -94.5% |
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.