AHM Welding: 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.
AHM Welding
Largest movements
- Tangible fixed assets +€203,665
up €203,665 (+137%), from €148,598 to €352,262
of which Leasing and similar rights: +€210,482
- Receivables within one year -€154,674
down €154,674 (-37.5%), from €412,396 to €257,721
of which Trade receivables: -€253,237
- Financial fixed assets +€7,950
up €7,950 (+166%), from €4,800 to €12,750
- Reserves -€292,495
down €292,495 (-73.7%), from €397,030 to €104,535
of which Distributable reserves: -€292,495
- Debts after one year +€176,416
up €176,416 (+660%), from €26,734 to €203,151
- Short-term financial debts +€88,377
up €88,377, from €0 to €88,377
- Current portion of long-term debt +€33,324
up €33,324 (+148%), from €22,576 to €55,900
- Trade debts +€21,795
up €21,795 (+27.6%), from €78,887 to €100,682
- Gross operating margin -€650,152
down €650,152 (-95.5%), from €680,705 to €30,553
- Taxes -€122,756
down €122,756 (-99.8%), from €123,045 to €289
- Staff costs +€94,919
up €94,919 (+61.4%), from €154,475 to €249,394
- Depreciation +€14,437
up €14,437 (+30.4%), from €47,416 to €61,853
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 | €654,854 | €703,780 | +€48,926 | +7.5% |
| Fixed assets | 21/28 | €153,398 | €365,012 | +€211,615 | +138% |
| Tangible fixed assets | 22/27 | €148,598 | €352,262 | +€203,665 | +137% |
| Plant, machinery and equipment | 23 | €52,273 | €49,013 | -€3,260 | -6.2% |
| Furniture and vehicles | 24 | €85,640 | €64,459 | -€21,181 | -24.7% |
| Leasing and similar rights | 25 | €3,637 | €214,119 | +€210,482 | +5,787% |
| Other tangible fixed assets | 26 | €7,048 | €24,672 | +€17,624 | +250% |
| Financial fixed assets | 28 | €4,800 | €12,750 | +€7,950 | +166% |
| Current assets | 29/58 | €501,457 | €338,768 | -€162,689 | -32.4% |
| Stocks and contracts in progress | 3 | €74,411 | €76,345 | +€1,934 | +2.6% |
| Stocks | 30/36 | €40,565 | €35,980 | -€4,585 | -11.3% |
| Contracts in progress | 37 | €33,846 | €40,366 | +€6,520 | +19.3% |
| Amounts receivable within one year | 40/41 | €412,396 | €257,721 | -€154,674 | -37.5% |
| Trade receivables | 40 | €348,296 | €95,059 | -€253,237 | -72.7% |
| Other amounts receivable | 41 | €64,099 | €162,662 | +€98,563 | +154% |
| Cash at bank and in hand | 54/58 | €6,507 | €197 | -€6,310 | -97.0% |
| Deferred charges and accrued income | 490/1 | €8,143 | €4,504 | -€3,639 | -44.7% |
| Total equity and liabilities | 10/49 | €654,854 | €703,780 | +€48,926 | +7.5% |
| Equity | 10/15 | €402,030 | €109,535 | -€292,495 | -72.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €397,030 | €104,535 | -€292,495 | -73.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €397,030 | €104,535 | -€292,495 | -73.7% |
| Amounts payable | 17/49 | €252,824 | €594,245 | +€341,421 | +135% |
| Amounts payable after more than one year | 17 | €26,734 | €203,151 | +€176,416 | +660% |
| Financial debts | 170/4 | €26,734 | €203,151 | +€176,416 | +660% |
| Amounts payable within one year | 42/48 | €226,090 | €389,967 | +€163,877 | +72.5% |
| Current portion of amounts payable after more than one year | 42 | €22,576 | €55,900 | +€33,324 | +148% |
| Financial debts | 43 | €0 | €88,377 | +€88,377 | |
| Credit institutions | 430/8 | €0 | €88,377 | +€88,377 | |
| Trade debts | 44 | €78,887 | €100,682 | +€21,795 | +27.6% |
| Suppliers | 440/4 | €78,887 | €100,682 | +€21,795 | +27.6% |
| Taxes, remuneration and social security | 45 | €124,627 | €145,009 | +€20,382 | +16.4% |
| Taxes | 450/3 | €110,703 | €91,256 | -€19,447 | -17.6% |
| Remuneration and social security | 454/9 | €13,923 | €53,752 | +€39,829 | +286% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €1,127 | +€1,127 | |
| Remuneration, social security and pensions | 62 | €154,475 | €249,394 | +€94,919 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,416 | €61,853 | +€14,437 | +30.4% |
| Other operating charges | 640/8 | €2,719 | €4,937 | +€2,218 | +81.6% |
| Gross operating margin | 9900 | €680,705 | €30,553 | -€650,152 | -95.5% |
| Operating profit (loss) | 9901 | €476,095 | -€285,631 | -€761,726 | |
| Financial income | 75/76B | €417 | €5,864 | +€5,448 | +1,308% |
| Recurring financial income | 75 | €417 | €5,864 | +€5,448 | +1,308% |
| Financial charges | 65/66B | €18,251 | €12,439 | -€5,812 | -31.8% |
| Recurring financial charges | 65 | €18,251 | €12,439 | -€5,812 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €458,260 | -€292,206 | -€750,466 | |
| Income taxes | 67/77 | €123,045 | €289 | -€122,756 | -99.8% |
| Profit (loss) for the period | 9904 | €335,215 | -€292,495 | -€627,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €335,215 | -€292,495 | -€627,710 |
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 26 October 2026 via checked.be.