AMVD: 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.
AMVD
Largest movements
- Receivables after one year +€927,856
up €927,856 (+3,093%), from €30,000 to €957,856
- Current investments -€200,950
down €200,950 (-77.0%), from €260,950 to €60,000
- Cash -€121,037
down €121,037 (-76.7%), from €157,738 to €36,701
mainly Receivables after one year (-€927,856) and Contributions, distributions and other (-€305,555)
- Receivables within one year +€106,466
up €106,466 (+68.4%), from €155,632 to €262,098
of which Other amounts receivable: +€235,817
- Reserves +€583,867
up €583,867 (+46.2%), from €1.3m to €1.8m
of which Distributable reserves: +€583,867
- Accrued charges and deferred income +€86,097
up €86,097 (+2,822%), from €3,050 to €89,148
- Tax, wage and social debts +€63,900
up €63,900 (+82.2%), from €77,717 to €141,617
of which Taxes: +€69,276
- Debts after one year -€40,364
down €40,364 (-25.9%), from €155,941 to €115,577
- Financial income +€862,473
up €862,473 (+479,152%), from €180 to €862,653
- Gross operating margin -€230,685
down €230,685 (-53.1%), from €434,822 to €204,136
- Taxes +€6,559
up €6,559 (+5.4%), from €121,965 to €128,525
- Other operating charges +€5,005
up €5,005 (+138%), from €3,616 to €8,622
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 | €1,561,283 | €2,257,601 | +€696,318 | +44.6% |
| Fixed assets | 21/28 | €955,545 | €935,526 | -€20,020 | -2.1% |
| Tangible fixed assets | 22/27 | €940,545 | €920,526 | -€20,020 | -2.1% |
| Land and buildings | 22 | €851,201 | €839,165 | -€12,036 | -1.4% |
| Plant, machinery and equipment | 23 | €5,177 | €3,732 | -€1,445 | -27.9% |
| Furniture and vehicles | 24 | €84,168 | €77,629 | -€6,538 | -7.8% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €605,737 | €1,322,075 | +€716,338 | +118% |
| Amounts receivable after more than one year | 29 | €30,000 | €957,856 | +€927,856 | +3,093% |
| Other amounts receivable | 291 | €30,000 | €957,856 | +€927,856 | +3,093% |
| Amounts receivable within one year | 40/41 | €155,632 | €262,098 | +€106,466 | +68.4% |
| Trade receivables | 40 | €151,031 | €21,680 | -€129,351 | -85.6% |
| Other amounts receivable | 41 | €4,601 | €240,418 | +€235,817 | +5,125% |
| Current investments | 50/53 | €260,950 | €60,000 | -€200,950 | -77.0% |
| Cash at bank and in hand | 54/58 | €157,738 | €36,701 | -€121,037 | -76.7% |
| Deferred charges and accrued income | 490/1 | €1,417 | €5,420 | +€4,004 | +283% |
| Total equity and liabilities | 10/49 | €1,561,283 | €2,257,601 | +€696,318 | +44.6% |
| Equity | 10/15 | €1,275,289 | €1,859,156 | +€583,867 | +45.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,262,889 | €1,846,756 | +€583,867 | +46.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,261,029 | €1,844,896 | +€583,867 | +46.3% |
| Amounts payable | 17/49 | €285,994 | €398,445 | +€112,451 | +39.3% |
| Amounts payable after more than one year | 17 | €155,941 | €115,577 | -€40,364 | -25.9% |
| Financial debts | 170/4 | €155,941 | €115,577 | -€40,364 | -25.9% |
| Amounts payable within one year | 42/48 | €127,002 | €193,720 | +€66,718 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €40,142 | €40,364 | +€222 | +0.6% |
| Trade debts | 44 | €5,956 | €1,937 | -€4,019 | -67.5% |
| Suppliers | 440/4 | €5,956 | €1,937 | -€4,019 | -67.5% |
| Taxes, remuneration and social security | 45 | €77,717 | €141,617 | +€63,900 | +82.2% |
| Taxes | 450/3 | €72,341 | €141,617 | +€69,276 | +95.8% |
| Remuneration and social security | 454/9 | €5,376 | - | -€5,376 | |
| Other amounts payable | 47/48 | €3,187 | €9,803 | +€6,616 | +208% |
| Accrued charges and deferred income | 492/3 | €3,050 | €89,148 | +€86,097 | +2,822% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,201 | €39,122 | +€1,920 | +5.2% |
| Other operating charges | 640/8 | €3,616 | €8,622 | +€5,005 | +138% |
| Gross operating margin | 9900 | €434,822 | €204,136 | -€230,685 | -53.1% |
| Operating profit (loss) | 9901 | €394,004 | €156,393 | -€237,611 | -60.3% |
| Financial income | 75/76B | €180 | €862,653 | +€862,473 | +479,152% |
| Recurring financial income | 75 | €180 | €862,653 | +€862,473 | +479,152% |
| Financial charges | 65/66B | €2,337 | €1,100 | -€1,237 | -53.0% |
| Recurring financial charges | 65 | €2,337 | €1,100 | -€1,237 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €391,847 | €1,017,947 | +€626,100 | +160% |
| Income taxes | 67/77 | €121,965 | €128,525 | +€6,559 | +5.4% |
| Profit (loss) for the period | 9904 | €269,882 | €889,422 | +€619,540 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €269,882 | €889,422 | +€619,540 | +230% |
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 24 October 2026 via checked.be.