AHORNI: 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.
AHORNI
Largest movements
- Tangible fixed assets -€42,772
down €42,772 (-8.2%), from €518,516 to €475,744
- Cash -€12,307
down €12,307 (-5.1%), from €240,490 to €228,183
mainly Debts after one year (-€200,000) and Deferred charges and accrued income (-€6,665)
- Debts after one year -€200,000
down €200,000 (-81.3%), from €246,030 to €46,030
- Reserves +€99,378
up €99,378 (+45.1%), from €220,436 to €319,815
of which Distributable reserves: +€99,378
- Tax, wage and social debts +€50,391
up €50,391 (+19,830%), from €254 to €50,645
- Gross operating margin +€141,044
up €141,044 (+241%), from €58,578 to €199,621
- Taxes +€49,895
up €49,895 (+5,181%), from €963 to €50,858
- Financial charges -€13,400
down €13,400 (-79.3%), from €16,905 to €3,505
- Depreciation +€6,407
up €6,407 (+22.2%), from €28,829 to €35,236
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 | €767,733 | €719,074 | -€48,659 | -6.3% |
| Fixed assets | 21/28 | €520,003 | €477,232 | -€42,772 | -8.2% |
| Tangible fixed assets | 22/27 | €518,516 | €475,744 | -€42,772 | -8.2% |
| Land and buildings | 22 | €518,516 | €475,744 | -€42,772 | -8.2% |
| Financial fixed assets | 28 | €1,487 | €1,487 | = | 0.0% |
| Current assets | 29/58 | €247,730 | €241,842 | -€5,888 | -2.4% |
| Amounts receivable within one year | 40/41 | €246 | €0 | -€246 | -100% |
| Other amounts receivable | 41 | €246 | €0 | -€246 | -100% |
| Cash at bank and in hand | 54/58 | €240,490 | €228,183 | -€12,307 | -5.1% |
| Deferred charges and accrued income | 490/1 | €6,993 | €13,659 | +€6,665 | +95.3% |
| Total equity and liabilities | 10/49 | €767,733 | €719,074 | -€48,659 | -6.3% |
| Equity | 10/15 | €305,436 | €404,815 | +€99,378 | +32.5% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €220,436 | €319,815 | +€99,378 | +45.1% |
| Non-distributable reserves | 130/1 | €22,500 | €22,500 | = | 0.0% |
| Legal reserve | 130 | €22,500 | €22,500 | = | 0.0% |
| Distributable reserves | 133 | €197,936 | €297,315 | +€99,378 | +50.2% |
| Amounts payable | 17/49 | €462,296 | €314,259 | -€148,038 | -32.0% |
| Amounts payable after more than one year | 17 | €246,030 | €46,030 | -€200,000 | -81.3% |
| Other amounts payable | 178/9 | €246,030 | €46,030 | -€200,000 | -81.3% |
| Amounts payable within one year | 42/48 | €106,476 | €155,401 | +€48,925 | +45.9% |
| Trade debts | 44 | €12,996 | €11,530 | -€1,466 | -11.3% |
| Suppliers | 440/4 | €12,996 | €11,530 | -€1,466 | -11.3% |
| Taxes, remuneration and social security | 45 | €254 | €50,645 | +€50,391 | +19,830% |
| Taxes | 450/3 | €254 | €50,645 | +€50,391 | +19,830% |
| Other amounts payable | 47/48 | €93,226 | €93,226 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €109,790 | €112,828 | +€3,038 | +2.8% |
| Non-recurring operating income | 76A | - | €159,465 | +€159,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,829 | €35,236 | +€6,407 | +22.2% |
| Other operating charges | 640/8 | €11,483 | €11,394 | -€89 | -0.8% |
| Gross operating margin | 9900 | €58,578 | €199,621 | +€141,044 | +241% |
| Operating profit (loss) | 9901 | €18,266 | €152,992 | +€134,726 | +738% |
| Financial income | 75/76B | €2,427 | €750 | -€1,677 | -69.1% |
| Recurring financial income | 75 | €2,427 | €750 | -€1,677 | -69.1% |
| Financial charges | 65/66B | €16,905 | €3,505 | -€13,400 | -79.3% |
| Recurring financial charges | 65 | €16,905 | €3,505 | -€13,400 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €3,788 | €150,236 | +€146,449 | +3,867% |
| Income taxes | 67/77 | €963 | €50,858 | +€49,895 | +5,181% |
| Profit (loss) for the period | 9904 | €2,825 | €99,378 | +€96,554 | +3,418% |
| Profit (loss) for the period to be appropriated | 9905 | €2,825 | €99,378 | +€96,554 | +3,418% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.