AHAFIN: 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.
AHAFIN
Largest movements
- Tangible fixed assets +€269,673
up €269,673 (+193.4%), from €139,426 to €409,098
of which Land and buildings: +€313,202
- Receivables within one year +€5,384
up €5,384 (+20.2%), from €26,638 to €32,022
- Debts after one year +€244,785
up €244,785 (+256.5%), from €95,420 to €340,205
- Current portion of long-term debt +€23,461
up €23,461 (+97.4%), from €24,085 to €47,547
- Trade debts +€6,907
up €6,907 (+152.2%), from €4,538 to €11,445
- Staff costs -€26,951
down €26,951 (-15.1%), from €178,587 to €151,637
- Depreciation +€19,248
up €19,248 (+101.3%), from €19,009 to €38,257
- Gross operating margin -€14,405
down €14,405 (-6.8%), from €212,182 to €197,777
- Taxes -€3,825
down €3,825 (-74.2%), from €5,155 to €1,330
- Financial charges +€3,375
up €3,375 (+154.4%), from €2,186 to €5,560
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 | €184,460 | €461,404 | +€276,943 | +150.1% |
| Fixed assets | 21/28 | €140,186 | €409,098 | +€268,913 | +191.8% |
| Intangible fixed assets | 21 | €760 | €0 | -€760 | -100.0% |
| Tangible fixed assets | 22/27 | €139,426 | €409,098 | +€269,673 | +193.4% |
| Land and buildings | 22 | - | €313,202 | +€313,202 | |
| Plant, machinery and equipment | 23 | €3,483 | €2,965 | -€518 | -14.9% |
| Furniture and vehicles | 24 | €135,943 | €92,931 | -€43,011 | -31.6% |
| Current assets | 29/58 | €44,275 | €52,305 | +€8,031 | +18.1% |
| Amounts receivable within one year | 40/41 | €26,638 | €32,022 | +€5,384 | +20.2% |
| Trade receivables | 40 | €26,638 | €32,022 | +€5,384 | +20.2% |
| Cash at bank and in hand | 54/58 | €11,262 | €15,749 | +€4,486 | +39.8% |
| Deferred charges and accrued income | 490/1 | €6,374 | €4,535 | -€1,839 | -28.9% |
| Total equity and liabilities | 10/49 | €184,460 | €461,404 | +€276,943 | +150.1% |
| Equity | 10/15 | €31,602 | €30,304 | -€1,299 | -4.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €6,602 | €5,304 | -€1,299 | -19.7% |
| Distributable reserves | 133 | €6,602 | €5,304 | -€1,299 | -19.7% |
| Amounts payable | 17/49 | €152,858 | €431,100 | +€278,242 | +182.0% |
| Amounts payable after more than one year | 17 | €95,420 | €340,205 | +€244,785 | +256.5% |
| Financial debts | 170/4 | €95,420 | €340,205 | +€244,785 | +256.5% |
| Amounts payable within one year | 42/48 | €57,438 | €90,358 | +€32,920 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €24,085 | €47,547 | +€23,461 | +97.4% |
| Trade debts | 44 | €4,538 | €11,445 | +€6,907 | +152.2% |
| Suppliers | 440/4 | €4,538 | €11,445 | +€6,907 | +152.2% |
| Taxes, remuneration and social security | 45 | €28,815 | €31,366 | +€2,552 | +8.9% |
| Taxes | 450/3 | €9,806 | €13,969 | +€4,164 | +42.5% |
| Remuneration and social security | 454/9 | €19,009 | €17,397 | -€1,612 | -8.5% |
| Accrued charges and deferred income | 492/3 | - | €538 | +€538 | |
| Remuneration, social security and pensions | 62 | €178,587 | €151,637 | -€26,951 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,009 | €38,257 | +€19,248 | +101.3% |
| Other operating charges | 640/8 | €666 | €2,292 | +€1,626 | +244.3% |
| Gross operating margin | 9900 | €212,182 | €197,777 | -€14,405 | -6.8% |
| Operating profit (loss) | 9901 | €13,920 | €5,592 | -€8,328 | -59.8% |
| Financial income | 75/76B | €23 | €0 | -€23 | -100.0% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100.0% |
| Financial charges | 65/66B | €2,186 | €5,560 | +€3,375 | +154.4% |
| Recurring financial charges | 65 | €2,186 | €5,560 | +€3,375 | +154.4% |
| Profit (loss) for the period before taxes | 9903 | €11,758 | €32 | -€11,726 | -99.7% |
| Income taxes | 67/77 | €5,155 | €1,330 | -€3,825 | -74.2% |
| Profit (loss) for the period | 9904 | €6,602 | -€1,299 | -€7,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,602 | -€1,299 | -€7,901 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.