A&H: 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.
A&H
Largest movements
- Receivables within one year +€169,861
up €169,861 (+270.1%), from €62,885 to €232,746
of which Trade receivables: +€161,360
- Cash -€51,337
down €51,337 (-82.6%), from €62,187 to €10,849
mainly Receivables within one year (-€169,861) and Investment in fixed assets (net) (-€12,430)
- Stocks and contracts +€8,856
up €8,856 (+18.4%), from €48,144 to €57,000
- Tangible fixed assets +€7,884
up €7,884 (+122.7%), from €6,428 to €14,313
of which Furniture and vehicles: +€6,828
- Profit (loss) carried forward +€78,538
up €78,538 (+2160.6%), from €3,635 to €82,173
- Trade debts +€36,089
up €36,089 (+60.2%), from €59,941 to €96,030
- Tax, wage and social debts +€24,991
up €24,991 (+81.0%), from €30,862 to €55,853
of which Taxes: +€31,623
- Other debts -€6,641
down €6,641 (-7.7%), from €86,198 to €79,557
- Turnover -€1.1m
no longer reported in 2024 (was €1.1m)
- Purchases and services -€1.0m
no longer reported in 2024 (was €1.0m)
- Gross operating margin +€109,747
up €109,747 (+138.9%), from €79,003 to €188,750
- Taxes +€28,671
up €28,671 (+3155.0%), from €909 to €29,580
- Financial charges +€20,267
up €20,267 (+2340.7%), from €866 to €21,132
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,636 | €323,903 | +€133,266 | +69.9% |
| Fixed assets | 21/28 | €15,423 | €23,307 | +€7,884 | +51.1% |
| Tangible fixed assets | 22/27 | €6,428 | €14,313 | +€7,884 | +122.7% |
| Plant, machinery and equipment | 23 | €6,428 | €7,484 | +€1,056 | +16.4% |
| Furniture and vehicles | 24 | - | €6,828 | +€6,828 | |
| Financial fixed assets | 28 | €8,995 | €8,995 | = | 0.0% |
| Current assets | 29/58 | €175,213 | €300,595 | +€125,382 | +71.6% |
| Stocks and contracts in progress | 3 | €48,144 | €57,000 | +€8,856 | +18.4% |
| Stocks | 30/36 | €48,144 | €57,000 | +€8,856 | +18.4% |
| Amounts receivable within one year | 40/41 | €62,885 | €232,746 | +€169,861 | +270.1% |
| Trade receivables | 40 | €62,885 | €224,245 | +€161,360 | +256.6% |
| Other amounts receivable | 41 | - | €8,501 | +€8,501 | |
| Cash at bank and in hand | 54/58 | €62,187 | €10,849 | -€51,337 | -82.6% |
| Deferred charges and accrued income | 490/1 | €1,998 | €0 | -€1,998 | -100.0% |
| Total equity and liabilities | 10/49 | €190,636 | €323,903 | +€133,266 | +69.9% |
| Equity | 10/15 | €13,635 | €92,173 | +€78,538 | +576.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,635 | €82,173 | +€78,538 | +2160.6% |
| Amounts payable | 17/49 | €177,001 | €231,730 | +€54,729 | +30.9% |
| Amounts payable within one year | 42/48 | €177,001 | €231,730 | +€54,729 | +30.9% |
| Financial debts | 43 | - | €290 | +€290 | |
| Credit institutions | 430/8 | - | €290 | +€290 | |
| Trade debts | 44 | €59,941 | €96,030 | +€36,089 | +60.2% |
| Suppliers | 440/4 | €59,941 | €96,030 | +€36,089 | +60.2% |
| Taxes, remuneration and social security | 45 | €30,862 | €55,853 | +€24,991 | +81.0% |
| Taxes | 450/3 | €20,312 | €51,935 | +€31,623 | +155.7% |
| Remuneration and social security | 454/9 | €10,550 | €3,918 | -€6,632 | -62.9% |
| Other amounts payable | 47/48 | €86,198 | €79,557 | -€6,641 | -7.7% |
| Turnover | 70 | €1,109,673 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,030,669 | - | -€1.0m | |
| Remuneration, social security and pensions | 62 | €67,521 | €47,331 | -€20,189 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,766 | €4,545 | +€1,780 | +64.4% |
| Other operating charges | 640/8 | €3,825 | €7,119 | +€3,294 | +86.1% |
| Non-recurring operating charges | 66A | - | €1,089 | +€1,089 | |
| Gross operating margin | 9900 | €79,003 | €188,750 | +€109,747 | +138.9% |
| Operating profit (loss) | 9901 | €4,892 | €128,665 | +€123,773 | +2530.1% |
| Financial income | 75/76B | €518 | €585 | +€68 | +13.1% |
| Recurring financial income | 75 | €518 | €585 | +€68 | +13.1% |
| Financial charges | 65/66B | €866 | €21,132 | +€20,267 | +2340.7% |
| Recurring financial charges | 65 | €866 | €21,132 | +€20,267 | +2340.7% |
| Profit (loss) for the period before taxes | 9903 | €4,544 | €108,118 | +€103,574 | +2279.5% |
| Income taxes | 67/77 | €909 | €29,580 | +€28,671 | +3155.0% |
| Profit (loss) for the period | 9904 | €3,635 | €78,538 | +€74,903 | +2060.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,635 | €78,538 | +€74,903 | +2060.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.