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
- Stocks and contracts -€18,202
down €18,202 (-22.7%), from €80,025 to €61,823
- Cash -€8,580
down €8,580 (-29.8%), from €28,772 to €20,193
mainly Net result for the year (-€33,107) and Trade debts (-€27,223)
- Tangible fixed assets -€5,847
down €5,847 (-34.7%), from €16,858 to €11,010
of which Furniture and vehicles: -€6,783
- Receivables within one year -€4,630
down €4,630 (-64.9%), from €7,138 to €2,508
- Profit (loss) carried forward -€33,107
down €33,107 (-71.7%), from €46,168 to €13,061
- Trade debts -€27,223
down €27,223 (-41.6%), from €65,484 to €38,261
- Tax, wage and social debts +€23,071
up €23,071 (+153%), from €15,083 to €38,154
of which Remuneration and social security: +€24,583
- Turnover -€222,906
down €222,906 (-36.7%), from €607,528 to €384,621
- Purchases and services -€161,852
down €161,852 (-30.2%), from €535,449 to €373,596
- Gross operating margin -€61,058
down €61,058 (-78.7%), from €77,557 to €16,499
- Staff costs +€24,196
up €24,196 (+387%), from €6,244 to €30,440
- Other operating charges -€11,574
down €11,574 (-56.3%), from €20,546 to €8,972
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 | €132,792 | €95,534 | -€37,258 | -28.1% |
| Fixed assets | 21/28 | €16,858 | €11,010 | -€5,847 | -34.7% |
| Tangible fixed assets | 22/27 | €16,858 | €11,010 | -€5,847 | -34.7% |
| Plant, machinery and equipment | 23 | €4,269 | €2,835 | -€1,433 | -33.6% |
| Furniture and vehicles | 24 | €12,589 | €5,807 | -€6,783 | -53.9% |
| Other tangible fixed assets | 26 | - | €2,368 | +€2,368 | |
| Current assets | 29/58 | €115,935 | €84,524 | -€31,411 | -27.1% |
| Stocks and contracts in progress | 3 | €80,025 | €61,823 | -€18,202 | -22.7% |
| Stocks | 30/36 | €80,025 | €61,823 | -€18,202 | -22.7% |
| Amounts receivable within one year | 40/41 | €7,138 | €2,508 | -€4,630 | -64.9% |
| Trade receivables | 40 | €7,138 | €2,508 | -€4,630 | -64.9% |
| Cash at bank and in hand | 54/58 | €28,772 | €20,193 | -€8,580 | -29.8% |
| Total equity and liabilities | 10/49 | €132,792 | €95,534 | -€37,258 | -28.1% |
| Equity | 10/15 | €49,168 | €16,061 | -€33,107 | -67.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,168 | €13,061 | -€33,107 | -71.7% |
| Amounts payable | 17/49 | €83,624 | €79,473 | -€4,151 | -5.0% |
| Amounts payable within one year | 42/48 | €83,624 | €79,473 | -€4,151 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €3,057 | €3,058 | +€0 | 0.0% |
| Trade debts | 44 | €65,484 | €38,261 | -€27,223 | -41.6% |
| Suppliers | 440/4 | €65,484 | €38,261 | -€27,223 | -41.6% |
| Taxes, remuneration and social security | 45 | €15,083 | €38,154 | +€23,071 | +153% |
| Taxes | 450/3 | €13,112 | €11,601 | -€1,511 | -11.5% |
| Remuneration and social security | 454/9 | €1,971 | €26,554 | +€24,583 | +1,247% |
| Turnover | 70 | €607,528 | €384,621 | -€222,906 | -36.7% |
| Non-recurring operating income | 76A | €1,804 | €1,770 | -€33 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €535,449 | €373,596 | -€161,852 | -30.2% |
| Remuneration, social security and pensions | 62 | €6,244 | €30,440 | +€24,196 | +387% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,814 | €8,235 | +€1,421 | +20.9% |
| Other operating charges | 640/8 | €20,546 | €8,972 | -€11,574 | -56.3% |
| Gross operating margin | 9900 | €77,557 | €16,499 | -€61,058 | -78.7% |
| Operating profit (loss) | 9901 | €43,953 | -€31,149 | -€75,102 | |
| Financial income | 75/76B | - | €3,128 | +€3,128 | |
| Recurring financial income | 75 | - | €3,128 | +€3,128 | |
| Financial charges | 65/66B | €558 | €900 | +€342 | +61.3% |
| Recurring financial charges | 65 | €558 | €900 | +€342 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | €43,395 | -€28,920 | -€72,315 | |
| Income taxes | 67/77 | €12,523 | €4,187 | -€8,336 | -66.6% |
| Profit (loss) for the period | 9904 | €30,872 | -€33,107 | -€63,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,872 | -€33,107 | -€63,979 |
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 14 October 2026 via checked.be.