AHLEX: 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.
What changed
AHLEX
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · -€473,378-€649,939
Equity
-€940,888
2024 · €362,701-€1.3m
Cash
€198,137
2024 · €956,709-€758,573
Balance sheet total
€3.7m
2024 · €5.1m-€1.4m
Largest movements
Assets
- Tangible fixed assets -€1.1m
down €1.1m (-51.6%), from €2.1m to €1.0m
of which Assets under construction and advance payments: -€2.0m
- Intangible fixed assets +€1.0m
up €1.0m (+163.4%), from €635,941 to €1.7m
- Cash -€758,573
down €758,573 (-79.3%), from €956,709 to €198,137
mainly Net result for the year (-€1.1m) and Investment in fixed assets (net) (-€883,318)
- Receivables within one year -€688,415
down €688,415 (-51.7%), from €1.3m to €643,942
of which Other amounts receivable: -€442,803
- Deferred charges and accrued income +€97,593
up €97,593 (+133.3%), from €73,214 to €170,806
Equity and liabilities
- Profit (loss) carried forward -€1.1m
down €1.1m (-108.9%), from -€1.0m to -€2.2m
- Debts after one year +€377,700
up €377,700 (+12.8%), from €3.0m to €3.3m
- Current portion of long-term debt -€377,700
down €377,700 (-100.0%), from €377,700 to €0
- Investment grants -€180,272
down €180,272 (-21.6%), from €832,806 to €652,534
- Trade debts -€67,932
down €67,932 (-11.0%), from €620,129 to €552,197
Income statement
- Services and other goods +€682,220
up €682,220 (+51.1%), from €1.3m to €2.0m
- Depreciation +€635,595
up €635,595 (+226.1%), from €281,094 to €916,689
- Turnover +€574,307
up €574,307 (+37.4%), from €1.5m to €2.1m
- Financial income +€178,763
up €178,763 (+5983.5%), from €2,988 to €181,750
- Other operating income -€116,903
down €116,903 (-20.7%), from €565,103 to €448,200
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.
Result 2024
-€473,378
Turnover
+€574,307
Other operating income
-€116,903
Services and other goods
-€682,220
Staff costs
-€101,898
Depreciation
-€635,595
Write-downs
+€15,200
Other operating charges
+€2,028
Other operating items
+€78,552
Financial income
+€178,763
Financial charges
-€19,774
Taxes
-€2,488
Deferred taxes and other
+€60,091
Result 2025
-€1.1m
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.
From operations
+€305,018
Investment
-€883,318
Financing
-€180,272
Cash 2024
€956,709
From operations (derived)
+€305,018
Net result for the year
-€1.1m
Depreciation
+€916,689
Receivables within one year
+€688,415
Deferred charges and accrued income
-€97,593
Provisions
-€60,091
Trade debts
-€67,932
Tax, wage and social debts
+€21,251
Advances received
-€4,574
Other debts
-€960
Accrued charges and deferred income
+€33,128
Investment (derived)
-€883,318
Investment in fixed assets (net)
-€883,318
Financing
-€180,272
Debts after one year
+€377,700
Current portion of long-term debt
-€377,700
Contributions, distributions and other
-€180,272
Cash 2025
€198,137
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,079,810 | €3,697,044 | -€1.4m | -27.2% |
| Fixed assets | 21/28 | €2,717,530 | €2,684,159 | -€33,371 | -1.2% |
| Intangible fixed assets | 21 | €635,941 | €1,675,192 | +€1.0m | +163.4% |
| Tangible fixed assets | 22/27 | €2,078,970 | €1,005,903 | -€1.1m | -51.6% |
| Plant, machinery and equipment | 23 | €14,664 | €474,409 | +€459,745 | +3135.3% |
| Furniture and vehicles | 24 | €16,871 | €58,361 | +€41,490 | +245.9% |
| Other tangible fixed assets | 26 | €22,312 | €473,133 | +€450,821 | +2020.5% |
| Assets under construction and advance payments | 27 | €2,025,123 | €0 | -€2.0m | -100.0% |
| Financial fixed assets | 28 | €2,619 | €3,064 | +€446 | +17.0% |
| Other financial fixed assets | 284/8 | €2,619 | €3,064 | +€446 | +17.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,619 | €3,064 | +€446 | +17.0% |
| Current assets | 29/58 | €2,362,281 | €1,012,885 | -€1.3m | -57.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,332,357 | €643,942 | -€688,415 | -51.7% |
| Trade receivables | 40 | €822,813 | €577,201 | -€245,612 | -29.9% |
| Other amounts receivable | 41 | €509,544 | €66,741 | -€442,803 | -86.9% |
| Cash at bank and in hand | 54/58 | €956,709 | €198,137 | -€758,573 | -79.3% |
| Deferred charges and accrued income | 490/1 | €73,214 | €170,806 | +€97,593 | +133.3% |
| Total equity and liabilities | 10/49 | €5,079,810 | €3,697,044 | -€1.4m | -27.2% |
| Equity | 10/15 | €362,701 | -€940,888 | -€1.3m | |
| Contributions | 10/11 | €561,500 | €561,500 | = | 0.0% |
| Capital | 10 | €561,500 | €561,500 | = | 0.0% |
| Issued capital | 100 | €561,500 | €561,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,031,605 | -€2,154,922 | -€1.1m | -108.9% |
| Investment grants | 15 | €832,806 | €652,534 | -€180,272 | -21.6% |
| Provisions and deferred taxes | 16 | €277,601 | €217,510 | -€60,091 | -21.6% |
| Deferred taxes | 168 | €277,601 | €217,510 | -€60,091 | -21.6% |
| Amounts payable | 17/49 | €4,439,508 | €4,420,422 | -€19,087 | -0.4% |
| Amounts payable after more than one year | 17 | €2,960,800 | €3,338,500 | +€377,700 | +12.8% |
| Other amounts payable | 178/9 | €2,960,800 | €3,338,500 | +€377,700 | +12.8% |
| Amounts payable within one year | 42/48 | €1,263,605 | €833,689 | -€429,915 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €377,700 | €0 | -€377,700 | -100.0% |
| Trade debts | 44 | €620,129 | €552,197 | -€67,932 | -11.0% |
| Suppliers | 440/4 | €620,129 | €552,197 | -€67,932 | -11.0% |
| Advances received on contracts in progress | 46 | €4,574 | €0 | -€4,574 | -100.0% |
| Taxes, remuneration and social security | 45 | €260,241 | €281,492 | +€21,251 | +8.2% |
| Taxes | 450/3 | €29,240 | €33,485 | +€4,246 | +14.5% |
| Remuneration and social security | 454/9 | €231,001 | €248,007 | +€17,005 | +7.4% |
| Other amounts payable | 47/48 | €960 | €0 | -€960 | -100.0% |
| Accrued charges and deferred income | 492/3 | €215,104 | €248,232 | +€33,128 | +15.4% |
| Operating income | 70/76A | €2,271,554 | €2,807,509 | +€535,955 | +23.6% |
| Turnover | 70 | €1,535,611 | €2,109,918 | +€574,307 | +37.4% |
| Own construction capitalised | 72 | €170,840 | €249,392 | +€78,552 | +46.0% |
| Other operating income | 74 | €565,103 | €448,200 | -€116,903 | -20.7% |
| Operating charges | 60/66A | €2,557,264 | €3,959,749 | +€1.4m | +54.8% |
| Services and other goods | 61 | €1,334,644 | €2,016,864 | +€682,220 | +51.1% |
| Remuneration, social security and pensions | 62 | €923,480 | €1,025,378 | +€101,898 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281,094 | €916,689 | +€635,595 | +226.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,200 | €0 | -€15,200 | -100.0% |
| Other operating charges | 640/8 | €2,846 | €818 | -€2,028 | -71.3% |
| Operating profit (loss) | 9901 | -€285,711 | -€1,152,240 | -€866,530 | -303.3% |
| Financial income | 75/76B | €2,988 | €181,750 | +€178,763 | +5983.5% |
| Recurring financial income | 75 | €2,988 | €181,750 | +€178,763 | +5983.5% |
| Other financial income | 752/9 | €2,988 | €181,750 | +€178,763 | +5983.5% |
| Financial charges | 65/66B | €191,213 | €210,988 | +€19,774 | +10.3% |
| Recurring financial charges | 65 | €191,213 | €210,988 | +€19,774 | +10.3% |
| Debt charges | 650 | €189,990 | €208,259 | +€18,269 | +9.6% |
| Other financial charges | 652/9 | €1,224 | €2,729 | +€1,506 | +123.1% |
| Profit (loss) for the period before taxes | 9903 | -€473,936 | -€1,181,478 | -€707,541 | -149.3% |
| Transfer from deferred taxes | 780 | - | €60,091 | +€60,091 | |
| Income taxes | 67/77 | -€558 | €1,930 | +€2,488 | |
| Taxes | 670/3 | €1,069 | €1,930 | +€861 | +80.6% |
| Tax adjustments and reversals of tax provisions | 77 | €1,627 | €0 | -€1,627 | -100.0% |
| Profit (loss) for the period | 9904 | -€473,378 | -€1,123,317 | -€649,939 | -137.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€473,378 | -€1,123,317 | -€649,939 | -137.3% |
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 6 October 2026 via checked.be.