Achmar: 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.
Achmar
Largest movements
- Cash +€13,114
up €13,114 (+40.7%), from €32,237 to €45,351
mainly Depreciation (+€10,561) and Net result for the year (+€5,451)
- Tangible fixed assets -€10,561
down €10,561 (-5.8%), from €182,309 to €171,748
of which Land and buildings: -€10,561
- Profit (loss) carried forward +€10,388
up €10,388 (+16.8%), from -€61,989 to -€51,602
- Reserves -€4,936
down €4,936 (-4.3%), from €114,976 to €110,040
of which Tax-exempt reserves: -€4,936
- Provisions -€2,542
down €2,542 (-4.4%), from €58,088 to €55,546
- Gross operating margin -€6,596
down €6,596 (-28.8%), from €22,904 to €16,308
- Depreciation -€4,281
down €4,281 (-28.8%), from €14,842 to €10,561
- Other operating charges -€270
down €270 (-9.2%), from €2,940 to €2,670
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 | €214,546 | €217,160 | +€2,614 | +1.2% |
| Fixed assets | 21/28 | €182,309 | €171,748 | -€10,561 | -5.8% |
| Tangible fixed assets | 22/27 | €182,309 | €171,748 | -€10,561 | -5.8% |
| Land and buildings | 22 | €182,309 | €171,748 | -€10,561 | -5.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €32,237 | €45,412 | +€13,176 | +40.9% |
| Amounts receivable within one year | 40/41 | - | €61 | +€61 | |
| Trade receivables | 40 | - | €50 | +€50 | |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €32,237 | €45,351 | +€13,114 | +40.7% |
| Total equity and liabilities | 10/49 | €214,546 | €217,160 | +€2,614 | +1.2% |
| Equity | 10/15 | €114,960 | €120,412 | +€5,451 | +4.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €114,976 | €110,040 | -€4,936 | -4.3% |
| Non-distributable reserves | 130/1 | €2,167 | €2,167 | = | 0.0% |
| Legal reserve | 130 | €2,167 | €2,167 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,809 | €107,873 | -€4,936 | -4.4% |
| Profit (loss) carried forward | 14 | -€61,989 | -€51,602 | +€10,388 | +16.8% |
| Provisions and deferred taxes | 16 | €58,088 | €55,546 | -€2,542 | -4.4% |
| Deferred taxes | 168 | €58,088 | €55,546 | -€2,542 | -4.4% |
| Amounts payable | 17/49 | €41,498 | €41,203 | -€295 | -0.7% |
| Amounts payable after more than one year | 17 | €34,000 | €34,000 | = | 0.0% |
| Other amounts payable | 178/9 | €34,000 | €34,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,498 | €7,203 | -€295 | -3.9% |
| Trade debts | 44 | €1,329 | €1,034 | -€295 | -22.2% |
| Suppliers | 440/4 | €1,329 | €1,034 | -€295 | -22.2% |
| Other amounts payable | 47/48 | €6,168 | €6,168 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,842 | €10,561 | -€4,281 | -28.8% |
| Other operating charges | 640/8 | €2,940 | €2,670 | -€270 | -9.2% |
| Gross operating margin | 9900 | €22,904 | €16,308 | -€6,596 | -28.8% |
| Operating profit (loss) | 9901 | €5,123 | €3,077 | -€2,046 | -39.9% |
| Financial income | 75/76B | €41 | €47 | +€5 | +12.9% |
| Recurring financial income | 75 | €41 | €47 | +€5 | +12.9% |
| Financial charges | 65/66B | €176 | €214 | +€38 | +21.7% |
| Recurring financial charges | 65 | €176 | €214 | +€38 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €4,988 | €2,910 | -€2,079 | -41.7% |
| Transfer from deferred taxes | 780 | €2,542 | €2,542 | = | 0.0% |
| Profit (loss) for the period | 9904 | €7,530 | €5,451 | -€2,079 | -27.6% |
| Transfer from tax-exempt reserves | 789 | €4,936 | €4,936 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,466 | €10,388 | -€2,079 | -16.7% |
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 3 October 2026 via checked.be.