Ahara: 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.
Ahara
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
No income-statement line moved by more than 1% of the activity.
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,582,085,958 | €2,594,748,614 | +€12.7m | +0.5% |
| Fixed assets | 21/28 | €2,582,000,000 | €2,594,748,614 | +€12.7m | +0.5% |
| Financial fixed assets | 28 | €2,582,000,000 | €2,594,748,614 | +€12.7m | +0.5% |
| Affiliated companies | 280/1 | €2,582,000,000 | €2,594,048,613 | +€12.0m | +0.5% |
| Participating interests | 280 | €2,582,000,000 | €2,594,048,613 | +€12.0m | +0.5% |
| Companies linked by participating interests | 282/3 | - | €700,001 | +€700,001 | |
| Participating interests | 282 | - | €700,001 | +€700,001 | |
| Current assets | 29/58 | €85,958 | - | -€85,958 | |
| Cash at bank and in hand | 54/58 | €85,958 | - | -€85,958 | |
| Total equity and liabilities | 10/49 | €2,582,085,958 | €2,594,748,614 | +€12.7m | +0.5% |
| Equity | 10/15 | €2,582,084,531 | €2,594,078,520 | +€12.0m | +0.5% |
| Contributions | 10/11 | €2,582,100,000 | €2,582,100,000 | = | 0.0% |
| Capital | 10 | €2,582,100,000 | €2,582,100,000 | = | 0.0% |
| Issued capital | 100 | €2,582,100,000 | €2,582,100,000 | = | 0.0% |
| Reserves | 13 | - | €598,926 | +€598,926 | |
| Non-distributable reserves | 130/1 | - | €598,926 | +€598,926 | |
| Legal reserve | 130 | - | €598,926 | +€598,926 | |
| Profit (loss) carried forward | 14 | -€15,469 | €11,379,594 | +€11.4m | |
| Amounts payable | 17/49 | €1,427 | €670,094 | +€668,667 | +46,867% |
| Amounts payable within one year | 42/48 | €1,427 | €670,094 | +€668,667 | +46,867% |
| Financial debts | 43 | - | €635,207 | +€635,207 | |
| Credit institutions | 430/8 | - | €635,207 | +€635,207 | |
| Trade debts | 44 | €1,427 | €34,887 | +€33,461 | +2,345% |
| Suppliers | 440/4 | €1,427 | €34,887 | +€33,461 | +2,345% |
| Operating charges | 60/66A | €17,827 | €40,155 | +€22,328 | +125% |
| Services and other goods | 61 | €17,677 | €40,005 | +€22,328 | +126% |
| Other operating charges | 640/8 | €150 | €150 | = | 0.0% |
| Operating profit (loss) | 9901 | -€17,827 | -€40,155 | -€22,328 | -125% |
| Financial income | 75/76B | €2,719 | €12,048,725 | +€12.0m | +443,001% |
| Recurring financial income | 75 | €2,719 | €12,048,725 | +€12.0m | +443,001% |
| Income from financial fixed assets | 750 | - | €12,048,613 | +€12.0m | |
| Income from current assets | 751 | €2,719 | €112 | -€2,607 | -95.9% |
| Financial charges | 65/66B | €362 | €14,582 | +€14,220 | +3,934% |
| Recurring financial charges | 65 | €362 | €14,582 | +€14,220 | +3,934% |
| Debt charges | 650 | - | €14,162 | +€14,162 | |
| Other financial charges | 652/9 | €362 | €420 | +€59 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,469 | €11,993,989 | +€12.0m | |
| Profit (loss) for the period | 9904 | -€15,469 | €11,993,989 | +€12.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,469 | €11,993,989 | +€12.0m |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.