AN&MO: 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.
AN&MO
Largest movements
- Receivables within one year +€119,729
up €119,729 (+179%), from €66,992 to €186,720
of which Other amounts receivable: +€104,409
- Cash -€73,533
down €73,533 (-35.9%), from €205,061 to €131,528
mainly Receivables within one year (-€119,729) and Tax, wage and social debts (-€47,025)
- Current investments +€16,598
up €16,598 (+2.7%), from €624,000 to €640,598
- Reserves +€107,000
up €107,000 (+14.2%), from €754,500 to €861,500
- Tax, wage and social debts -€47,025
down €47,025 (-40.8%), from €115,362 to €68,337
- Gross operating margin -€61,176
down €61,176 (-29.9%), from €204,636 to €143,460
- Taxes -€14,218
down €14,218 (-20.8%), from €68,355 to €54,137
- Financial income +€10,896
up €10,896 (+145%), from €7,514 to €18,410
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 | €896,052 | €959,288 | +€63,236 | +7.1% |
| Current assets | 29/58 | €896,052 | €959,288 | +€63,236 | +7.1% |
| Amounts receivable within one year | 40/41 | €66,992 | €186,720 | +€119,729 | +179% |
| Trade receivables | 40 | €19,800 | €35,120 | +€15,320 | +77.4% |
| Other amounts receivable | 41 | €47,192 | €151,600 | +€104,409 | +221% |
| Current investments | 50/53 | €624,000 | €640,598 | +€16,598 | +2.7% |
| Cash at bank and in hand | 54/58 | €205,061 | €131,528 | -€73,533 | -35.9% |
| Deferred charges and accrued income | 490/1 | - | €441 | +€441 | |
| Total equity and liabilities | 10/49 | €896,052 | €959,288 | +€63,236 | +7.1% |
| Equity | 10/15 | €777,560 | €884,655 | +€107,094 | +13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €754,500 | €861,500 | +€107,000 | +14.2% |
| Distributable reserves | 133 | €754,500 | €861,500 | +€107,000 | +14.2% |
| Profit (loss) carried forward | 14 | €10,660 | €10,755 | +€94 | +0.9% |
| Amounts payable | 17/49 | €118,492 | €74,633 | -€43,858 | -37.0% |
| Amounts payable within one year | 42/48 | €118,492 | €74,633 | -€43,858 | -37.0% |
| Trade debts | 44 | €3,130 | €6,296 | +€3,166 | +101% |
| Suppliers | 440/4 | €3,130 | €6,296 | +€3,166 | +101% |
| Taxes, remuneration and social security | 45 | €115,362 | €68,337 | -€47,025 | -40.8% |
| Taxes | 450/3 | €115,362 | €68,337 | -€47,025 | -40.8% |
| Other operating charges | 640/8 | €1,387 | €489 | -€898 | -64.7% |
| Gross operating margin | 9900 | €204,636 | €143,460 | -€61,176 | -29.9% |
| Operating profit (loss) | 9901 | €203,249 | €142,971 | -€60,278 | -29.7% |
| Financial income | 75/76B | €7,514 | €18,410 | +€10,896 | +145% |
| Recurring financial income | 75 | €7,514 | €18,410 | +€10,896 | +145% |
| Financial charges | 65/66B | €107 | €150 | +€43 | +40.7% |
| Recurring financial charges | 65 | €107 | €150 | +€43 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €210,656 | €161,231 | -€49,425 | -23.5% |
| Income taxes | 67/77 | €68,355 | €54,137 | -€14,218 | -20.8% |
| Profit (loss) for the period | 9904 | €142,302 | €107,094 | -€35,207 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €142,302 | €107,094 | -€35,207 | -24.7% |
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 25 October 2026 via checked.be.