AHMCO: 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.
AHMCO
Largest movements
- Receivables within one year -€26,391
down €26,391 (-99.0%), from €26,647 to €256
- Tangible fixed assets -€4,632
down €4,632 (-19.8%), from €23,433 to €18,801
- Stocks and contracts +€4,110
up €4,110 (+38.5%), from €10,681 to €14,791
- Cash -€1,382
down €1,382 (-5.1%), from €27,184 to €25,802
mainly Net result for the year (-€74,661) and Other debts (-€26,547)
- Profit (loss) carried forward -€74,661
down €74,661 (-34.2%), from -€218,425 to -€293,086
- Tax, wage and social debts +€38,144
up €38,144 (+42.5%), from €89,804 to €127,948
of which Remuneration and social security: +€37,551
- Trade debts +€31,770
up €31,770 (+21.1%), from €150,474 to €182,245
- Other debts -€26,547
down €26,547 (-58.1%), from €45,687 to €19,140
- Accrued charges and deferred income +€3,000
new in 2025: €3,000
- Gross operating margin -€80,124
down €80,124 (-16.4%), from €489,536 to €409,412
- Staff costs +€45,650
up €45,650 (+10.8%), from €423,608 to €469,258
- Financial charges -€31,414
down €31,414 (-78.6%), from €39,967 to €8,553
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 | €87,945 | €59,651 | -€28,294 | -32.2% |
| Fixed assets | 21/28 | €23,433 | €18,801 | -€4,632 | -19.8% |
| Tangible fixed assets | 22/27 | €23,433 | €18,801 | -€4,632 | -19.8% |
| Plant, machinery and equipment | 23 | €23,433 | €18,801 | -€4,632 | -19.8% |
| Current assets | 29/58 | €64,512 | €40,850 | -€23,662 | -36.7% |
| Stocks and contracts in progress | 3 | €10,681 | €14,791 | +€4,110 | +38.5% |
| Stocks | 30/36 | €10,681 | €14,791 | +€4,110 | +38.5% |
| Amounts receivable within one year | 40/41 | €26,647 | €256 | -€26,391 | -99.0% |
| Trade receivables | 40 | €26,647 | €256 | -€26,391 | -99.0% |
| Cash at bank and in hand | 54/58 | €27,184 | €25,802 | -€1,382 | -5.1% |
| Total equity and liabilities | 10/49 | €87,945 | €59,651 | -€28,294 | -32.2% |
| Equity | 10/15 | -€198,020 | -€272,681 | -€74,661 | -37.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,425 | -€293,086 | -€74,661 | -34.2% |
| Amounts payable | 17/49 | €285,965 | €332,332 | +€46,367 | +16.2% |
| Amounts payable within one year | 42/48 | €285,965 | €329,332 | +€43,367 | +15.2% |
| Trade debts | 44 | €150,474 | €182,245 | +€31,770 | +21.1% |
| Suppliers | 440/4 | €150,474 | €182,245 | +€31,770 | +21.1% |
| Taxes, remuneration and social security | 45 | €89,804 | €127,948 | +€38,144 | +42.5% |
| Taxes | 450/3 | €42,107 | €42,701 | +€593 | +1.4% |
| Remuneration and social security | 454/9 | €47,696 | €85,247 | +€37,551 | +78.7% |
| Other amounts payable | 47/48 | €45,687 | €19,140 | -€26,547 | -58.1% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €423,608 | €469,258 | +€45,650 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,648 | €4,632 | -€1,016 | -18.0% |
| Other operating charges | 640/8 | €2,021 | €1,670 | -€351 | -17.4% |
| Gross operating margin | 9900 | €489,536 | €409,412 | -€80,124 | -16.4% |
| Operating profit (loss) | 9901 | €58,259 | -€66,149 | -€124,408 | |
| Financial income | 75/76B | €23 | €42 | +€18 | +80.1% |
| Recurring financial income | 75 | €23 | €42 | +€18 | +80.1% |
| Financial charges | 65/66B | €39,967 | €8,553 | -€31,414 | -78.6% |
| Recurring financial charges | 65 | €39,967 | €8,553 | -€31,414 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €18,314 | -€74,660 | -€92,975 | |
| Income taxes | 67/77 | €4 | €1 | -€3 | -70.5% |
| Profit (loss) for the period | 9904 | €18,311 | -€74,661 | -€92,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,311 | -€74,661 | -€92,972 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.