AHI Gold: 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.
AHI Gold
Largest movements
- Stocks and contracts +€183,108
up €183,108 (+307%), from €59,650 to €242,758
- Receivables within one year -€32,940
down €32,940 (-36.6%), from €89,892 to €56,952
of which Other amounts receivable: -€89,892
- Tax, wage and social debts +€78,847
up €78,847 (+113%), from €69,767 to €148,614
of which Taxes: +€104,656
- Profit (loss) carried forward +€65,744
up €65,744 (+131%), from €50,013 to €115,757
- Taxes -€13,813
down €13,813 (-33.4%), from €41,399 to €27,586
- Gross operating margin -€10,559
down €10,559 (-9.2%), from €115,302 to €104,743
- Depreciation +€7,643
new in 2025: €7,643
- Staff costs -€4,268
down €4,268 (-88.2%), from €4,841 to €573
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 | €183,168 | €330,082 | +€146,914 | +80.2% |
| Fixed assets | 21/28 | €30,626 | €27,372 | -€3,254 | -10.6% |
| Tangible fixed assets | 22/27 | €30,626 | €27,372 | -€3,254 | -10.6% |
| Land and buildings | 22 | €2,760 | €2,070 | -€690 | -25.0% |
| Plant, machinery and equipment | 23 | €27,134 | €25,058 | -€2,076 | -7.7% |
| Furniture and vehicles | 24 | €732 | €244 | -€488 | -66.7% |
| Current assets | 29/58 | €152,542 | €302,710 | +€150,168 | +98.4% |
| Stocks and contracts in progress | 3 | €59,650 | €242,758 | +€183,108 | +307% |
| Stocks | 30/36 | €59,650 | €242,758 | +€183,108 | +307% |
| Amounts receivable within one year | 40/41 | €89,892 | €56,952 | -€32,940 | -36.6% |
| Trade receivables | 40 | - | €56,952 | +€56,952 | |
| Other amounts receivable | 41 | €89,892 | - | -€89,892 | |
| Cash at bank and in hand | 54/58 | €3,000 | €3,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €183,168 | €330,082 | +€146,914 | +80.2% |
| Equity | 10/15 | €53,313 | €119,057 | +€65,744 | +123% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,013 | €115,757 | +€65,744 | +131% |
| Amounts payable | 17/49 | €129,855 | €211,025 | +€81,170 | +62.5% |
| Amounts payable within one year | 42/48 | €129,855 | €211,025 | +€81,170 | +62.5% |
| Trade debts | 44 | €60,088 | €62,411 | +€2,323 | +3.9% |
| Suppliers | 440/4 | €60,088 | €62,411 | +€2,323 | +3.9% |
| Taxes, remuneration and social security | 45 | €69,767 | €148,614 | +€78,847 | +113% |
| Taxes | 450/3 | €43,958 | €148,614 | +€104,656 | +238% |
| Remuneration and social security | 454/9 | €25,809 | - | -€25,809 | |
| Remuneration, social security and pensions | 62 | €4,841 | €573 | -€4,268 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,643 | +€7,643 | |
| Other operating charges | 640/8 | €2,944 | €3,097 | +€153 | +5.2% |
| Gross operating margin | 9900 | €115,302 | €104,743 | -€10,559 | -9.2% |
| Operating profit (loss) | 9901 | €107,517 | €93,430 | -€14,087 | -13.1% |
| Financial charges | 65/66B | €211 | €100 | -€111 | -52.6% |
| Recurring financial charges | 65 | €211 | €100 | -€111 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €107,306 | €93,330 | -€13,976 | -13.0% |
| Income taxes | 67/77 | €41,399 | €27,586 | -€13,813 | -33.4% |
| Profit (loss) for the period | 9904 | €65,907 | €65,744 | -€163 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,907 | €65,744 | -€163 | -0.2% |
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 20 October 2026 via checked.be.