AHMADIAN: 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.
AHMADIAN
Largest movements
- Cash +€124,286
up €124,286 (+34.3%), from €362,594 to €486,879
mainly Net result for the year (+€163,580) and Depreciation (+€120,530)
- Receivables within one year +€30,652
up €30,652 (+101%), from €30,475 to €61,127
of which Trade receivables: +€58,680
- Other debts +€68,940
new in 2025: €68,940
- Trade debts +€62,697
up €62,697 (+498%), from €12,579 to €75,276
- Debts after one year -€46,575
down €46,575 (-6.4%), from €725,817 to €679,242
of which Financial debts: -€46,575
- Reserves +€44,239
up €44,239 (+6.2%), from €718,346 to €762,585
of which Distributable reserves: +€44,239
- Short-term financial debts +€28,478
new in 2025: €28,478
- Gross operating margin +€28,326
up €28,326 (+6.6%), from €427,392 to €455,718
- Depreciation +€24,041
up €24,041 (+24.9%), from €96,489 to €120,530
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 | €2,270,942 | €2,412,634 | +€141,692 | +6.2% |
| Fixed assets | 21/28 | €1,752,239 | €1,738,476 | -€13,764 | -0.8% |
| Tangible fixed assets | 22/27 | €1,752,239 | €1,738,476 | -€13,764 | -0.8% |
| Land and buildings | 22 | €1,638,013 | €1,631,015 | -€6,998 | -0.4% |
| Plant, machinery and equipment | 23 | €796 | €16,650 | +€15,854 | +1,992% |
| Furniture and vehicles | 24 | €109,821 | €88,020 | -€21,801 | -19.9% |
| Other tangible fixed assets | 26 | €3,609 | €2,791 | -€819 | -22.7% |
| Current assets | 29/58 | €518,703 | €674,158 | +€155,456 | +30.0% |
| Amounts receivable within one year | 40/41 | €30,475 | €61,127 | +€30,652 | +101% |
| Trade receivables | 40 | €1,367 | €60,047 | +€58,680 | +4,292% |
| Other amounts receivable | 41 | €29,108 | €1,080 | -€28,028 | -96.3% |
| Current investments | 50/53 | €113,668 | €113,668 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €362,594 | €486,879 | +€124,286 | +34.3% |
| Deferred charges and accrued income | 490/1 | €11,966 | €12,484 | +€517 | +4.3% |
| Total equity and liabilities | 10/49 | €2,270,942 | €2,412,634 | +€141,692 | +6.2% |
| Equity | 10/15 | €1,351,550 | €1,395,789 | +€44,239 | +3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €718,346 | €762,585 | +€44,239 | +6.2% |
| Non-distributable reserves | 130/1 | €113,668 | €113,668 | = | 0.0% |
| Reserves not available under the articles | 1311 | €113,668 | €113,668 | = | 0.0% |
| Distributable reserves | 133 | €604,678 | €648,917 | +€44,239 | +7.3% |
| Profit (loss) carried forward | 14 | €364,612 | €364,612 | = | 0.0% |
| Amounts payable | 17/49 | €919,393 | €1,016,845 | +€97,453 | +10.6% |
| Amounts payable after more than one year | 17 | €725,817 | €679,242 | -€46,575 | -6.4% |
| Financial debts | 170/4 | €720,897 | €674,322 | -€46,575 | -6.5% |
| Other amounts payable | 178/9 | €4,920 | €4,920 | = | 0.0% |
| Amounts payable within one year | 42/48 | €187,279 | €337,539 | +€150,260 | +80.2% |
| Current portion of amounts payable after more than one year | 42 | €124,173 | €131,964 | +€7,790 | +6.3% |
| Financial debts | 43 | - | €28,478 | +€28,478 | |
| Credit institutions | 430/8 | - | €28,478 | +€28,478 | |
| Trade debts | 44 | €12,579 | €75,276 | +€62,697 | +498% |
| Suppliers | 440/4 | €12,579 | €75,276 | +€62,697 | +498% |
| Taxes, remuneration and social security | 45 | €50,527 | €32,882 | -€17,645 | -34.9% |
| Taxes | 450/3 | €40,649 | €22,658 | -€17,990 | -44.3% |
| Remuneration and social security | 454/9 | €9,878 | €10,223 | +€345 | +3.5% |
| Other amounts payable | 47/48 | - | €68,940 | +€68,940 | |
| Accrued charges and deferred income | 492/3 | €6,296 | €64 | -€6,233 | -99.0% |
| Remuneration, social security and pensions | 62 | €70,115 | €67,936 | -€2,178 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,489 | €120,530 | +€24,041 | +24.9% |
| Other operating charges | 640/8 | €15,971 | €13,210 | -€2,761 | -17.3% |
| Gross operating margin | 9900 | €427,392 | €455,718 | +€28,326 | +6.6% |
| Operating profit (loss) | 9901 | €244,818 | €254,042 | +€9,224 | +3.8% |
| Financial income | 75/76B | €2,857 | €2,094 | -€764 | -26.7% |
| Recurring financial income | 75 | €2,857 | €2,094 | -€764 | -26.7% |
| Financial charges | 65/66B | €21,594 | €21,719 | +€124 | +0.6% |
| Recurring financial charges | 65 | €21,594 | €21,719 | +€124 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €226,081 | €234,417 | +€8,336 | +3.7% |
| Income taxes | 67/77 | €68,552 | €70,837 | +€2,285 | +3.3% |
| Profit (loss) for the period | 9904 | €157,528 | €163,580 | +€6,051 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €157,528 | €163,580 | +€6,051 | +3.8% |
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 17 October 2026 via checked.be.