A&H: 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.
A&H
Largest movements
- Receivables within one year +€61,150
up €61,150 (+82.2%), from €74,378 to €135,529
of which Other amounts receivable: +€77,225
- Cash +€9,636
up €9,636 (+39.5%), from €24,417 to €34,054
mainly Net result for the year (+€78,288) and Tax, wage and social debts (+€8,188)
- Receivables after one year -€3,312
down €3,312 (-9.2%), from €36,050 to €32,739
- Reserves +€78,288
up €78,288 (+120.1%), from €65,185 to €143,473
of which Distributable reserves: +€78,288
- Profit (loss) carried forward -€16,000
down €16,000 (-66.7%), from €23,971 to €7,971
- Tax, wage and social debts +€8,188
up €8,188 (+57.8%), from €14,155 to €22,343
- Trade debts -€2,956
down €2,956 (-82.8%), from €3,570 to €614
- Gross operating margin +€21,242
up €21,242 (+25.5%), from €83,314 to €104,556
- Taxes +€5,902
up €5,902 (+28.9%), from €20,426 to €26,328
- Financial income +€1,228
up €1,228 (+32.8%), from €3,742 to €4,970
- Depreciation +€1,094
up €1,094 (+41.0%), from €2,671 to €3,766
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 | €142,882 | €210,402 | +€67,520 | +47.3% |
| Fixed assets | 21/28 | €8,036 | €8,081 | +€45 | +0.6% |
| Tangible fixed assets | 22/27 | €8,036 | €8,081 | +€45 | +0.6% |
| Furniture and vehicles | 24 | €5,886 | €5,931 | +€45 | +0.8% |
| Other tangible fixed assets | 26 | €2,150 | €2,150 | = | 0.0% |
| Current assets | 29/58 | €134,846 | €202,321 | +€67,475 | +50.0% |
| Amounts receivable after more than one year | 29 | €36,050 | €32,739 | -€3,312 | -9.2% |
| Other amounts receivable | 291 | €36,050 | €32,739 | -€3,312 | -9.2% |
| Amounts receivable within one year | 40/41 | €74,378 | €135,529 | +€61,150 | +82.2% |
| Trade receivables | 40 | €35,680 | €19,606 | -€16,075 | -45.1% |
| Other amounts receivable | 41 | €38,698 | €115,923 | +€77,225 | +199.6% |
| Cash at bank and in hand | 54/58 | €24,417 | €34,054 | +€9,636 | +39.5% |
| Total equity and liabilities | 10/49 | €142,882 | €210,402 | +€67,520 | +47.3% |
| Equity | 10/15 | €109,156 | €171,444 | +€62,288 | +57.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €65,185 | €143,473 | +€78,288 | +120.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €63,185 | €141,473 | +€78,288 | +123.9% |
| Profit (loss) carried forward | 14 | €23,971 | €7,971 | -€16,000 | -66.7% |
| Amounts payable | 17/49 | €33,726 | €38,958 | +€5,232 | +15.5% |
| Amounts payable within one year | 42/48 | €33,726 | €38,958 | +€5,232 | +15.5% |
| Trade debts | 44 | €3,570 | €614 | -€2,956 | -82.8% |
| Suppliers | 440/4 | €3,570 | €614 | -€2,956 | -82.8% |
| Taxes, remuneration and social security | 45 | €14,155 | €22,343 | +€8,188 | +57.8% |
| Taxes | 450/3 | €14,155 | €22,343 | +€8,188 | +57.8% |
| Other amounts payable | 47/48 | €16,000 | €16,000 | = | 0.0% |
| Non-recurring operating income | 76A | €2,250 | - | -€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,671 | €3,766 | +€1,094 | +41.0% |
| Other operating charges | 640/8 | €585 | €783 | +€197 | +33.7% |
| Non-recurring operating charges | 66A | - | €111 | +€111 | |
| Gross operating margin | 9900 | €83,314 | €104,556 | +€21,242 | +25.5% |
| Operating profit (loss) | 9901 | €80,057 | €99,897 | +€19,840 | +24.8% |
| Financial income | 75/76B | €3,742 | €4,970 | +€1,228 | +32.8% |
| Recurring financial income | 75 | €3,742 | €4,970 | +€1,228 | +32.8% |
| Financial charges | 65/66B | €188 | €251 | +€63 | +33.6% |
| Recurring financial charges | 65 | €188 | €251 | +€63 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €83,611 | €104,616 | +€21,004 | +25.1% |
| Income taxes | 67/77 | €20,426 | €26,328 | +€5,902 | +28.9% |
| Profit (loss) for the period | 9904 | €63,185 | €78,288 | +€15,103 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,185 | €78,288 | +€15,103 | +23.9% |
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 10 October 2026 via checked.be.