AHMET: 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.
AHMET
Largest movements
- Receivables within one year +€194,393
up €194,393 (+204%), from €95,438 to €289,830
of which Trade receivables: +€167,311
- Stocks and contracts +€92,569
up €92,569 (+23.9%), from €387,196 to €479,764
- Cash +€62,615
up €62,615 (+85.2%), from €73,474 to €136,089
mainly Trade debts (+€147,372) and Advances received (+€116,668)
- Tangible fixed assets -€30,045
down €30,045 (-6.9%), from €436,825 to €406,781
of which Furniture and vehicles: -€15,686
- Trade debts +€147,372
up €147,372 (+60.9%), from €241,926 to €389,298
- Advances received +€116,668
new in 2025: €116,668
- Profit (loss) carried forward +€64,800
up €64,800 (+46.3%), from €140,023 to €204,823
- Debts after one year -€18,229
down €18,229 (-6.7%), from €270,420 to €252,191
- Tax, wage and social debts +€17,612
new in 2025: €17,612
- Turnover -€2.0m
no longer reported in 2025 (was €2.0m)
- Purchases and services -€1.9m
no longer reported in 2025 (was €1.9m)
- Gross operating margin +€113,806
up €113,806 (+93.1%), from €122,245 to €236,051
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 | €993,682 | €1,322,545 | +€328,863 | +33.1% |
| Fixed assets | 21/28 | €437,575 | €407,531 | -€30,045 | -6.9% |
| Tangible fixed assets | 22/27 | €436,825 | €406,781 | -€30,045 | -6.9% |
| Land and buildings | 22 | €378,306 | €365,594 | -€12,712 | -3.4% |
| Plant, machinery and equipment | 23 | €4,101 | €2,454 | -€1,647 | -40.2% |
| Furniture and vehicles | 24 | €54,418 | €38,732 | -€15,686 | -28.8% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €556,107 | €915,014 | +€358,908 | +64.5% |
| Stocks and contracts in progress | 3 | €387,196 | €479,764 | +€92,569 | +23.9% |
| Stocks | 30/36 | €387,196 | €479,764 | +€92,569 | +23.9% |
| Amounts receivable within one year | 40/41 | €95,438 | €289,830 | +€194,393 | +204% |
| Trade receivables | 40 | €38,769 | €206,080 | +€167,311 | +432% |
| Other amounts receivable | 41 | €56,668 | €83,750 | +€27,082 | +47.8% |
| Cash at bank and in hand | 54/58 | €73,474 | €136,089 | +€62,615 | +85.2% |
| Deferred charges and accrued income | 490/1 | - | €9,331 | +€9,331 | |
| Total equity and liabilities | 10/49 | €993,682 | €1,322,545 | +€328,863 | +33.1% |
| Equity | 10/15 | €463,746 | €528,546 | +€64,800 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €317,523 | €317,523 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €315,663 | €315,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,023 | €204,823 | +€64,800 | +46.3% |
| Amounts payable | 17/49 | €529,937 | €793,999 | +€264,062 | +49.8% |
| Amounts payable after more than one year | 17 | €270,420 | €252,191 | -€18,229 | -6.7% |
| Financial debts | 170/4 | €270,420 | €252,191 | -€18,229 | -6.7% |
| Amounts payable within one year | 42/48 | €259,516 | €541,808 | +€282,292 | +109% |
| Current portion of amounts payable after more than one year | 42 | €17,590 | €18,229 | +€639 | +3.6% |
| Trade debts | 44 | €241,926 | €389,298 | +€147,372 | +60.9% |
| Suppliers | 440/4 | €241,926 | €389,298 | +€147,372 | +60.9% |
| Advances received on contracts in progress | 46 | - | €116,668 | +€116,668 | |
| Taxes, remuneration and social security | 45 | - | €17,612 | +€17,612 | |
| Taxes | 450/3 | - | €17,612 | +€17,612 | |
| Turnover | 70 | €2,013,554 | - | -€2.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,891,310 | - | -€1.9m | |
| Remuneration, social security and pensions | 62 | €48,958 | €63,698 | +€14,740 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,407 | €30,045 | +€3,638 | +13.8% |
| Other operating charges | 640/8 | €10,076 | €8,387 | -€1,689 | -16.8% |
| Non-recurring operating charges | 66A | €725 | €40,454 | +€39,729 | +5,480% |
| Gross operating margin | 9900 | €122,245 | €236,051 | +€113,806 | +93.1% |
| Operating profit (loss) | 9901 | €36,078 | €93,466 | +€57,388 | +159% |
| Financial income | 75/76B | €0 | €1,858 | +€1,858 | +18,577,900% |
| Recurring financial income | 75 | €0 | €1,858 | +€1,858 | +18,577,900% |
| Financial charges | 65/66B | €14,460 | €12,524 | -€1,937 | -13.4% |
| Recurring financial charges | 65 | €14,460 | €12,524 | -€1,937 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €21,618 | €82,800 | +€61,182 | +283% |
| Income taxes | 67/77 | €18,868 | €18,000 | -€868 | -4.6% |
| Profit (loss) for the period | 9904 | €2,750 | €64,800 | +€62,051 | +2,256% |
| Profit (loss) for the period to be appropriated | 9905 | €2,750 | €64,800 | +€62,051 | +2,256% |
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 23 October 2026 via checked.be.