APHRIA: 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.
APHRIA
Largest movements
- Receivables within one year +€31,698
up €31,698 (+85.7%), from €37,002 to €68,700
- Tangible fixed assets -€7,230
down €7,230 (-50.0%), from €14,459 to €7,230
- Reserves +€14,447
up €14,447 (+31.7%), from €45,558 to €60,004
of which Distributable reserves: +€14,447
- Short-term financial debts +€12,474
new in 2025: €12,474
- Tax, wage and social debts -€2,925
down €2,925 (-66.9%), from €4,370 to €1,445
- Financial income +€24,657
up €24,657 (+3,951%), from €624 to €25,281
- Taxes +€1,445
new in 2025: €1,445
- Gross operating margin +€1,405
up €1,405 (+66.4%), from -€2,117 to -€712
- Other operating charges +€452
up €452 (+905%), from €50 to €502
- Financial charges +€409
up €409 (+76.2%), from €537 to €946
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 | €131,433 | €155,430 | +€23,997 | +18.3% |
| Fixed assets | 21/28 | €93,959 | €86,730 | -€7,230 | -7.7% |
| Tangible fixed assets | 22/27 | €14,459 | €7,230 | -€7,230 | -50.0% |
| Furniture and vehicles | 24 | €14,459 | €7,230 | -€7,230 | -50.0% |
| Financial fixed assets | 28 | €79,500 | €79,500 | = | 0.0% |
| Current assets | 29/58 | €37,474 | €68,700 | +€31,227 | +83.3% |
| Amounts receivable within one year | 40/41 | €37,002 | €68,700 | +€31,698 | +85.7% |
| Other amounts receivable | 41 | €37,002 | €68,700 | +€31,698 | +85.7% |
| Cash at bank and in hand | 54/58 | €472 | - | -€472 | |
| Total equity and liabilities | 10/49 | €131,433 | €155,430 | +€23,997 | +18.3% |
| Equity | 10/15 | €126,635 | €141,081 | +€14,447 | +11.4% |
| 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 | €45,558 | €60,004 | +€14,447 | +31.7% |
| 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 | €43,698 | €58,144 | +€14,447 | +33.1% |
| Profit (loss) carried forward | 14 | €74,877 | €74,877 | = | 0.0% |
| Amounts payable | 17/49 | €4,798 | €14,349 | +€9,550 | +199% |
| Amounts payable within one year | 42/48 | €4,798 | €14,349 | +€9,550 | +199% |
| Financial debts | 43 | - | €12,474 | +€12,474 | |
| Credit institutions | 430/8 | - | €12,474 | +€12,474 | |
| Trade debts | 44 | €429 | €430 | +€1 | +0.3% |
| Suppliers | 440/4 | €429 | €430 | +€1 | +0.3% |
| Taxes, remuneration and social security | 45 | €4,370 | €1,445 | -€2,925 | -66.9% |
| Taxes | 450/3 | €4,370 | €1,445 | -€2,925 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,230 | €7,230 | = | 0.0% |
| Other operating charges | 640/8 | €50 | €502 | +€452 | +905% |
| Gross operating margin | 9900 | -€2,117 | -€712 | +€1,405 | +66.4% |
| Operating profit (loss) | 9901 | -€9,396 | -€8,444 | +€953 | +10.1% |
| Financial income | 75/76B | €624 | €25,281 | +€24,657 | +3,951% |
| Recurring financial income | 75 | €624 | €25,281 | +€24,657 | +3,951% |
| Financial charges | 65/66B | €537 | €946 | +€409 | +76.2% |
| Recurring financial charges | 65 | €537 | €946 | +€409 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,309 | €15,891 | +€25,200 | |
| Income taxes | 67/77 | - | €1,445 | +€1,445 | |
| Profit (loss) for the period | 9904 | -€9,309 | €14,447 | +€23,756 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,309 | €14,447 | +€23,756 |
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 13 October 2026 via checked.be.