AHRANT: what changed
Two fiscal 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
AHRANT
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,906
2024 · €238,288-€232,381
Equity
€2.1m
2024 · €2.1m+€5,906
Cash
€53,298
2024 · €144,960-€91,663
Balance sheet total
€2.1m
2024 · €2.2m-€71,672
Largest movements
Assets
- Cash -€91,663
down €91,663 (-63.2%), from €144,960 to €53,298
mainly Other debts (-€52,715) and Investment in fixed assets (net) (-€32,974)
Equity and liabilities
- Other debts -€52,715
down €52,715 (-99.6%), from €52,943 to €228
- Tax, wage and social debts -€23,194
down €23,194 (-99.0%), from €23,418 to €224
Income statement
- Financial income -€141,674
down €141,674 (-80.4%), from €176,140 to €34,466
- Gross operating margin -€140,734
down €140,734 (-95.4%), from €147,557 to €6,824
- Taxes -€66,589
down €66,589, from €64,982 to -€1,606
- Depreciation +€1,789
up €1,789 (+6.1%), from €29,321 to €31,111
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
€238,288
Gross operating margin
-€140,734
Depreciation
-€1,789
Other operating charges
+€720
Financial income
-€141,674
Financial charges
-€536
Taxes
+€66,589
Deferred taxes and other
-€14,956
Result 2025
€5,906
Cash bridge derived
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
-€47,438
Investment
-€44,225
Financing
€0
Cash 2024
€144,960
From operations (derived)
-€47,438
Net result for the year
+€5,906
Depreciation
+€31,111
Receivables within one year
-€7,229
Deferred charges and accrued income
+€353
Trade debts
-€911
Tax, wage and social debts
-€23,194
Other debts
-€52,715
Accrued charges and deferred income
-€758
Investment (derived)
-€44,225
Investment in fixed assets (net)
-€32,974
Current investments
-€11,251
Cash 2025
€53,298
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,165,625 | €2,093,953 | -€71,672 | -3.3% |
| Fixed assets | 21/28 | €153,448 | €155,311 | +€1,863 | +1.2% |
| Tangible fixed assets | 22/27 | €153,448 | €155,311 | +€1,863 | +1.2% |
| Land and buildings | 22 | €127,426 | €148,092 | +€20,665 | +16.2% |
| Other tangible fixed assets | 26 | €26,022 | €7,219 | -€18,803 | -72.3% |
| Current assets | 29/58 | €2,012,178 | €1,938,643 | -€73,535 | -3.7% |
| Amounts receivable within one year | 40/41 | €2,664 | €9,893 | +€7,229 | +271.4% |
| Trade receivables | 40 | €2,362 | €1,187 | -€1,175 | -49.8% |
| Other amounts receivable | 41 | €302 | €8,707 | +€8,405 | +2782.3% |
| Current investments | 50/53 | €1,862,378 | €1,873,629 | +€11,251 | +0.6% |
| Cash at bank and in hand | 54/58 | €144,960 | €53,298 | -€91,663 | -63.2% |
| Deferred charges and accrued income | 490/1 | €2,176 | €1,823 | -€353 | -16.2% |
| Total equity and liabilities | 10/49 | €2,165,625 | €2,093,953 | -€71,672 | -3.3% |
| Equity | 10/15 | €2,086,828 | €2,092,734 | +€5,906 | +0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,024,793 | €2,030,699 | +€5,906 | +0.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,018,643 | €2,024,549 | +€5,906 | +0.3% |
| Profit (loss) carried forward | 14 | €535 | €535 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €78,797 | €1,219 | -€77,578 | -98.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €77,286 | €466 | -€76,820 | -99.4% |
| Trade debts | 44 | €926 | €15 | -€911 | -98.4% |
| Suppliers | 440/4 | €926 | €15 | -€911 | -98.4% |
| Taxes, remuneration and social security | 45 | €23,418 | €224 | -€23,194 | -99.0% |
| Taxes | 450/3 | €23,418 | €224 | -€23,194 | -99.0% |
| Other amounts payable | 47/48 | €52,943 | €228 | -€52,715 | -99.6% |
| Accrued charges and deferred income | 492/3 | €1,511 | €753 | -€758 | -50.2% |
| Non-recurring operating income | 76A | €161,341 | €0 | -€161,341 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,321 | €31,111 | +€1,789 | +6.1% |
| Other operating charges | 640/8 | €3,967 | €3,248 | -€720 | -18.1% |
| Gross operating margin | 9900 | €147,557 | €6,824 | -€140,734 | -95.4% |
| Operating profit (loss) | 9901 | €114,268 | -€27,535 | -€141,803 | |
| Financial income | 75/76B | €176,140 | €34,466 | -€141,674 | -80.4% |
| Recurring financial income | 75 | €176,140 | €34,466 | -€141,674 | -80.4% |
| Financial charges | 65/66B | €2,095 | €2,631 | +€536 | +25.6% |
| Recurring financial charges | 65 | €2,095 | €2,631 | +€536 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €288,314 | €4,300 | -€284,014 | -98.5% |
| Transfer from deferred taxes | 780 | €14,956 | €0 | -€14,956 | -100.0% |
| Income taxes | 67/77 | €64,982 | -€1,606 | -€66,589 | |
| Profit (loss) for the period | 9904 | €238,288 | €5,906 | -€232,381 | -97.5% |
| Transfer from tax-exempt reserves | 789 | €29,036 | €0 | -€29,036 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €267,324 | €5,906 | -€261,417 | -97.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.