AHMAD: 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.
AHMAD
Largest movements
- Receivables within one year +€28,951
up €28,951 (+2241.5%), from €1,292 to €30,243
of which Trade receivables: +€19,336
- Tangible fixed assets +€12,527
up €12,527 (+51.8%), from €24,187 to €36,714
of which Plant, machinery and equipment: +€6,918
- Cash +€12,043
up €12,043 (+83.4%), from €14,437 to €26,480
mainly Tax, wage and social debts (+€44,775) and Net result for the year (+€14,781)
- Financial fixed assets +€6,475
new in 2024: €6,475
- Tax, wage and social debts +€44,775
up €44,775 (+445.4%), from €10,052 to €54,827
of which Remuneration and social security: +€43,835
- Profit (loss) carried forward +€14,381
new in 2024: €14,381
- Staff costs +€46,208
up €46,208 (+165.6%), from €27,912 to €74,120
- Gross operating margin +€38,634
up €38,634 (+59.7%), from €64,672 to €103,306
- Other operating charges -€2,274
down €2,274 (-45.4%), from €5,006 to €2,731
- Taxes -€1,315
down €1,315 (-26.2%), from €5,015 to €3,700
- Depreciation +€1,207
up €1,207 (+18.5%), from €6,507 to €7,714
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,915 | €100,147 | +€60,231 | +150.9% |
| Fixed assets | 21/28 | €24,187 | €43,189 | +€19,002 | +78.6% |
| Tangible fixed assets | 22/27 | €24,187 | €36,714 | +€12,527 | +51.8% |
| Land and buildings | 22 | - | €4,429 | +€4,429 | |
| Plant, machinery and equipment | 23 | €14,919 | €21,837 | +€6,918 | +46.4% |
| Furniture and vehicles | 24 | €9,268 | €10,448 | +€1,180 | +12.7% |
| Financial fixed assets | 28 | - | €6,475 | +€6,475 | |
| Current assets | 29/58 | €15,728 | €56,958 | +€41,230 | +262.1% |
| Amounts receivable within one year | 40/41 | €1,292 | €30,243 | +€28,951 | +2241.5% |
| Trade receivables | 40 | - | €19,336 | +€19,336 | |
| Other amounts receivable | 41 | €1,292 | €10,906 | +€9,615 | +744.4% |
| Cash at bank and in hand | 54/58 | €14,437 | €26,480 | +€12,043 | +83.4% |
| Deferred charges and accrued income | 490/1 | - | €236 | +€236 | |
| Total equity and liabilities | 10/49 | €39,915 | €100,147 | +€60,231 | +150.9% |
| Equity | 10/15 | €24,081 | €38,862 | +€14,781 | +61.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | - | €4,000 | +€4,000 | |
| Other | 1109/19 | - | €4,000 | +€4,000 | |
| Reserves | 13 | €20,081 | €20,481 | +€400 | +2.0% |
| Non-distributable reserves | 130/1 | - | €400 | +€400 | |
| Reserves not available under the articles | 1311 | - | €400 | +€400 | |
| Distributable reserves | 133 | €20,081 | €20,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,381 | +€14,381 | |
| Amounts payable | 17/49 | €15,834 | €61,284 | +€45,450 | +287.0% |
| Amounts payable within one year | 42/48 | €15,834 | €61,284 | +€45,450 | +287.0% |
| Trade debts | 44 | €5,782 | €6,457 | +€675 | +11.7% |
| Suppliers | 440/4 | €5,782 | €6,457 | +€675 | +11.7% |
| Taxes, remuneration and social security | 45 | €10,052 | €54,827 | +€44,775 | +445.4% |
| Taxes | 450/3 | €7,776 | €8,715 | +€940 | +12.1% |
| Remuneration and social security | 454/9 | €2,276 | €46,112 | +€43,835 | +1925.6% |
| Remuneration, social security and pensions | 62 | €27,912 | €74,120 | +€46,208 | +165.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,507 | €7,714 | +€1,207 | +18.5% |
| Other operating charges | 640/8 | €5,006 | €2,731 | -€2,274 | -45.4% |
| Gross operating margin | 9900 | €64,672 | €103,306 | +€38,634 | +59.7% |
| Operating profit (loss) | 9901 | €25,247 | €18,739 | -€6,507 | -25.8% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €159 | €258 | +€100 | +62.9% |
| Recurring financial charges | 65 | €159 | €258 | +€100 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €25,097 | €18,481 | -€6,616 | -26.4% |
| Income taxes | 67/77 | €5,015 | €3,700 | -€1,315 | -26.2% |
| Profit (loss) for the period | 9904 | €20,081 | €14,781 | -€5,300 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,081 | €14,781 | -€5,300 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.