AHE Management: 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.
AHE Management
Largest movements
- Cash +€23,086
up €23,086 (+17.3%), from €133,270 to €156,357
mainly Net result for the year (+€18,341) and Receivables within one year (+€17,998)
- Receivables within one year -€17,998
down €17,998 (-45.0%), from €39,992 to €21,994
of which Trade receivables: -€20,516
- Current investments +€16,773
up €16,773 (+38.3%), from €43,773 to €60,545
- Tangible fixed assets +€11,470
up €11,470 (+1388.3%), from €826 to €12,296
of which Plant, machinery and equipment: +€10,131
- Deferred charges and accrued income +€3,039
new in 2025: €3,039
- Reserves +€18,341
up €18,341 (+12.1%), from €151,385 to €169,726
- Trade debts +€11,848
up €11,848 (+460.6%), from €2,573 to €14,421
- Accrued charges and deferred income +€4,474
up €4,474 (+53.1%), from €8,431 to €12,905
- Other debts +€3,566
up €3,566 (+28.1%), from €12,697 to €16,263
- Gross operating margin -€20,915
down €20,915 (-43.3%), from €48,336 to €27,420
- Taxes -€5,849
down €5,849 (-43.9%), from €13,331 to €7,482
- Other operating charges +€688
up €688 (+583.2%), from €118 to €806
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 | €217,861 | €254,230 | +€36,369 | +16.7% |
| Fixed assets | 21/28 | €826 | €12,296 | +€11,470 | +1388.3% |
| Tangible fixed assets | 22/27 | €826 | €12,296 | +€11,470 | +1388.3% |
| Plant, machinery and equipment | 23 | €826 | €10,957 | +€10,131 | +1226.3% |
| Furniture and vehicles | 24 | - | €1,339 | +€1,339 | |
| Current assets | 29/58 | €217,035 | €241,934 | +€24,899 | +11.5% |
| Amounts receivable within one year | 40/41 | €39,992 | €21,994 | -€17,998 | -45.0% |
| Trade receivables | 40 | €39,992 | €19,476 | -€20,516 | -51.3% |
| Other amounts receivable | 41 | - | €2,518 | +€2,518 | |
| Current investments | 50/53 | €43,773 | €60,545 | +€16,773 | +38.3% |
| Cash at bank and in hand | 54/58 | €133,270 | €156,357 | +€23,086 | +17.3% |
| Deferred charges and accrued income | 490/1 | - | €3,039 | +€3,039 | |
| Total equity and liabilities | 10/49 | €217,861 | €254,230 | +€36,369 | +16.7% |
| Equity | 10/15 | €178,885 | €197,226 | +€18,341 | +10.3% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €151,385 | €169,726 | +€18,341 | +12.1% |
| Distributable reserves | 133 | €151,385 | €169,726 | +€18,341 | +12.1% |
| Amounts payable | 17/49 | €38,976 | €57,004 | +€18,028 | +46.3% |
| Amounts payable within one year | 42/48 | €30,545 | €44,099 | +€13,555 | +44.4% |
| Trade debts | 44 | €2,573 | €14,421 | +€11,848 | +460.6% |
| Suppliers | 440/4 | €2,573 | €14,421 | +€11,848 | +460.6% |
| Taxes, remuneration and social security | 45 | €15,275 | €13,415 | -€1,859 | -12.2% |
| Taxes | 450/3 | €13,331 | €11,873 | -€1,458 | -10.9% |
| Remuneration and social security | 454/9 | €1,944 | €1,542 | -€402 | -20.7% |
| Other amounts payable | 47/48 | €12,697 | €16,263 | +€3,566 | +28.1% |
| Accrued charges and deferred income | 492/3 | €8,431 | €12,905 | +€4,474 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193 | €341 | +€148 | +77.0% |
| Other operating charges | 640/8 | €118 | €806 | +€688 | +583.2% |
| Gross operating margin | 9900 | €48,336 | €27,420 | -€20,915 | -43.3% |
| Operating profit (loss) | 9901 | €48,025 | €26,273 | -€21,752 | -45.3% |
| Financial income | 75/76B | €55 | €33 | -€22 | -39.9% |
| Recurring financial income | 75 | €55 | €33 | -€22 | -39.9% |
| Financial charges | 65/66B | €332 | €484 | +€152 | +45.9% |
| Recurring financial charges | 65 | €332 | €484 | +€152 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €47,749 | €25,823 | -€21,926 | -45.9% |
| Income taxes | 67/77 | €13,331 | €7,482 | -€5,849 | -43.9% |
| Profit (loss) for the period | 9904 | €34,418 | €18,341 | -€16,077 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,418 | €18,341 | -€16,077 | -46.7% |
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.