AHOOGA: 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.
What changed
AHOOGA
NACE 47.632, Retail sale of bicycles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.3m
2024 · -€1.3m+€22,775
Equity
€2.3m
2024 · €284,503+€2.1m
Cash
€2.0m
2024 · €228,018+€1.8m
Balance sheet total
€4.9m
2024 · €2.7m+€2.2m
Largest movements
Assets
- Cash +€1.8m
up €1.8m (+787%), from €228,018 to €2.0m
mainly Contributions, distributions and other (+€3.3m) and Depreciation (+€310,549)
- Stocks and contracts +€649,004
up €649,004 (+68.7%), from €944,080 to €1.6m
- Receivables within one year -€276,121
down €276,121 (-45.9%), from €601,407 to €325,287
of which Trade receivables: -€173,081
Equity and liabilities
- Profit (loss) carried forward +€4.7m
up €4.7m, from -€4.7m to €0
- Contributions -€2.6m
down €2.6m (-53.0%), from €4.9m to €2.3m
- Current portion of long-term debt +€207,474
up €207,474 (+143%), from €145,318 to €352,792
- Debts after one year -€159,152
down €159,152 (-8.1%), from €2.0m to €1.8m
of which Financial debts: -€152,009
- Trade debts +€88,056
up €88,056 (+71.2%), from €123,653 to €211,709
Income statement
- Gross operating margin -€331,100
down €331,100 (-66.6%), from €497,029 to €165,929
- Staff costs -€163,593
down €163,593 (-15.8%), from €1.0m to €870,370
- Write-downs -€68,353
down €68,353 (-81.2%), from €84,193 to €15,839
- Financial income +€9,969
up €9,969 (+212%), from €4,693 to €14,662
of which Financial income: +€9,969
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.
Result 2024
-€1.3m
Gross operating margin
-€331,100
Staff costs
+€163,593
Depreciation
+€1,024
Write-downs
+€68,353
Provisions
+€2,841
Other operating charges
-€2,398
Other operating items
+€115,542
Financial income
+€9,969
Financial charges
-€3,574
Taxes
-€1,475
Result 2025
-€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.3m
Investment
-€294,317
Financing
+€3.4m
Cash 2024
€228,018
From operations (derived)
-€1.3m
Net result for the year
-€1.3m
Depreciation
+€310,549
Stocks and contracts
-€649,004
Receivables within one year
+€276,121
Deferred charges and accrued income
-€20,617
Provisions
+€3,440
Trade debts
+€88,056
Tax, wage and social debts
-€9,509
Advances received
-€30,941
Accrued charges and deferred income
+€11,480
Investment (derived)
-€294,317
Investment in fixed assets (net)
-€294,317
Financing
+€3.4m
Debts after one year
-€159,152
Current portion of long-term debt
+€207,474
Contributions, distributions and other
+€3.3m
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,720,403 | €4,892,791 | +€2.2m | +79.9% |
| Formation expenses | 20 | €14,293 | €13,260 | -€1,033 | -7.2% |
| Fixed assets | 21/28 | €914,912 | €899,713 | -€15,199 | -1.7% |
| Intangible fixed assets | 21 | €817,052 | €824,967 | +€7,915 | +1.0% |
| Tangible fixed assets | 22/27 | €97,729 | €56,615 | -€41,114 | -42.1% |
| Plant, machinery and equipment | 23 | €83,801 | €40,102 | -€43,699 | -52.1% |
| Furniture and vehicles | 24 | €13,117 | €16,513 | +€3,396 | +25.9% |
| Other tangible fixed assets | 26 | €812 | €0 | -€812 | -100% |
| Financial fixed assets | 28 | €130 | €18,130 | +€18,000 | +13,846% |
| Current assets | 29/58 | €1,791,198 | €3,979,818 | +€2.2m | +122% |
| Stocks and contracts in progress | 3 | €944,080 | €1,593,084 | +€649,004 | +68.7% |
| Stocks | 30/36 | €944,080 | €1,593,084 | +€649,004 | +68.7% |
| Amounts receivable within one year | 40/41 | €601,407 | €325,287 | -€276,121 | -45.9% |
| Trade receivables | 40 | €386,427 | €213,346 | -€173,081 | -44.8% |
| Other amounts receivable | 41 | €214,980 | €111,940 | -€103,040 | -47.9% |
| Cash at bank and in hand | 54/58 | €228,018 | €2,023,138 | +€1.8m | +787% |
| Deferred charges and accrued income | 490/1 | €17,693 | €38,309 | +€20,617 | +117% |
| Total equity and liabilities | 10/49 | €2,720,403 | €4,892,791 | +€2.2m | +79.9% |
| Equity | 10/15 | €284,503 | €2,346,043 | +€2.1m | +725% |
| Contributions | 10/11 | €4,911,280 | €2,308,293 | -€2.6m | -53.0% |
| Reserves | 13 | €37,750 | €37,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,000 | €19,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,000 | €19,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,664,527 | €0 | +€4.7m | |
| Provisions and deferred taxes | 16 | €41,370 | €44,810 | +€3,440 | +8.3% |
| Provisions for liabilities and charges | 160/5 | €41,370 | €44,810 | +€3,440 | +8.3% |
| Environmental obligations | 163 | €41,370 | €44,810 | +€3,440 | +8.3% |
| Amounts payable | 17/49 | €2,394,529 | €2,501,938 | +€107,408 | +4.5% |
| Amounts payable after more than one year | 17 | €1,958,375 | €1,799,223 | -€159,152 | -8.1% |
| Financial debts | 170/4 | €1,944,089 | €1,792,080 | -€152,009 | -7.8% |
| Trade debts | 175 | €14,286 | €7,143 | -€7,143 | -50.0% |
| Amounts payable within one year | 42/48 | €427,043 | €682,123 | +€255,080 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | €145,318 | €352,792 | +€207,474 | +143% |
| Trade debts | 44 | €123,653 | €211,709 | +€88,056 | +71.2% |
| Suppliers | 440/4 | €123,653 | €211,709 | +€88,056 | +71.2% |
| Advances received on contracts in progress | 46 | €45,759 | €14,818 | -€30,941 | -67.6% |
| Taxes, remuneration and social security | 45 | €108,858 | €99,349 | -€9,509 | -8.7% |
| Taxes | 450/3 | €7,906 | €10,789 | +€2,883 | +36.5% |
| Remuneration and social security | 454/9 | €100,952 | €88,560 | -€12,392 | -12.3% |
| Other amounts payable | 47/48 | €3,456 | €3,456 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,111 | €20,591 | +€11,480 | +126% |
| Remuneration, social security and pensions | 62 | €1,033,963 | €870,370 | -€163,593 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311,573 | €310,549 | -€1,024 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €84,193 | €15,839 | -€68,353 | -81.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,280 | €3,440 | -€2,841 | -45.2% |
| Other operating charges | 640/8 | €19,148 | €21,546 | +€2,398 | +12.5% |
| Non-recurring operating charges | 66A | €193,700 | €78,158 | -€115,542 | -59.6% |
| Gross operating margin | 9900 | €497,029 | €165,929 | -€331,100 | -66.6% |
| Operating profit (loss) | 9901 | -€1,151,828 | -€1,133,973 | +€17,855 | +1.6% |
| Financial income | 75/76B | €4,693 | €14,662 | +€9,969 | +212% |
| Recurring financial income | 75 | €4,693 | €14,662 | +€9,969 | +212% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €137,263 | €140,837 | +€3,574 | +2.6% |
| Recurring financial charges | 65 | €121,273 | €140,837 | +€19,563 | +16.1% |
| Non-recurring financial charges | 66B | €15,990 | €0 | -€15,990 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€1,284,397 | -€1,260,148 | +€24,250 | +1.9% |
| Income taxes | 67/77 | -€7,162 | -€5,688 | +€1,475 | +20.6% |
| Profit (loss) for the period | 9904 | -€1,277,235 | -€1,254,460 | +€22,775 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,277,235 | -€1,254,460 | +€22,775 | +1.8% |
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 25 October 2026 via checked.be.