AHRES: 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.
AHRES
Largest movements
- Cash -€27,306
down €27,306 (-88.5%), from €30,871 to €3,565
mainly Net result for the year (-€27,452) and Investment in fixed assets (net) (-€6,343)
- Tangible fixed assets +€4,814
new in 2025: €4,814
- Receivables within one year +€1,607
up €1,607 (+25.2%), from €6,387 to €7,994
of which Trade receivables: +€1,533
- Profit (loss) carried forward -€27,452
down €27,452 (-128.7%), from -€21,328 to -€48,781
- Other debts +€6,039
up €6,039 (+8.5%), from €70,887 to €76,926
- Gross operating margin -€30,750
down €30,750, from €6,555 to -€24,195
- Depreciation +€490
up €490 (+47.2%), from €1,039 to €1,529
- Financial charges -€462
down €462 (-50.6%), from €913 to €451
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,347 | €35,035 | -€21,312 | -37.8% |
| Fixed assets | 21/28 | - | €4,814 | +€4,814 | |
| Tangible fixed assets | 22/27 | - | €4,814 | +€4,814 | |
| Furniture and vehicles | 24 | - | €4,814 | +€4,814 | |
| Current assets | 29/58 | €56,347 | €30,221 | -€26,126 | -46.4% |
| Stocks and contracts in progress | 3 | €18,048 | €18,048 | = | 0.0% |
| Stocks | 30/36 | €18,048 | €18,048 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,387 | €7,994 | +€1,607 | +25.2% |
| Trade receivables | 40 | €6,000 | €7,533 | +€1,533 | +25.6% |
| Other amounts receivable | 41 | €387 | €461 | +€74 | +19.1% |
| Cash at bank and in hand | 54/58 | €30,871 | €3,565 | -€27,306 | -88.5% |
| Deferred charges and accrued income | 490/1 | €1,041 | €614 | -€427 | -41.0% |
| Total equity and liabilities | 10/49 | €56,347 | €35,035 | -€21,312 | -37.8% |
| Equity | 10/15 | -€16,328 | -€43,781 | -€27,452 | -168.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,328 | -€48,781 | -€27,452 | -128.7% |
| Amounts payable | 17/49 | €72,675 | €78,816 | +€6,141 | +8.4% |
| Amounts payable within one year | 42/48 | €72,675 | €78,816 | +€6,141 | +8.4% |
| Trade debts | 44 | €1,416 | €1,536 | +€120 | +8.5% |
| Suppliers | 440/4 | €1,416 | €1,536 | +€120 | +8.5% |
| Taxes, remuneration and social security | 45 | €372 | €354 | -€18 | -4.9% |
| Taxes | 450/3 | €372 | €354 | -€18 | -4.9% |
| Other amounts payable | 47/48 | €70,887 | €76,926 | +€6,039 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €1,529 | +€490 | +47.2% |
| Other operating charges | 640/8 | €892 | €924 | +€32 | +3.5% |
| Gross operating margin | 9900 | €6,555 | -€24,195 | -€30,750 | |
| Operating profit (loss) | 9901 | €4,624 | -€26,648 | -€31,271 | |
| Financial charges | 65/66B | €913 | €451 | -€462 | -50.6% |
| Recurring financial charges | 65 | €913 | €451 | -€462 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €3,711 | -€27,098 | -€30,809 | |
| Income taxes | 67/77 | €361 | €354 | -€7 | -1.8% |
| Profit (loss) for the period | 9904 | €3,350 | -€27,452 | -€30,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,350 | -€27,452 | -€30,803 |
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 4 October 2026 via checked.be.