A&H Associates: 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 Associates
Largest movements
- Receivables within one year -€37,165
down €37,165 (-49.6%), from €74,949 to €37,784
of which Other amounts receivable: -€33,034
- Cash -€2,016
down €2,016 (-31.3%), from €6,448 to €4,432
mainly Contributions, distributions and other (-€36,921) and Other debts (-€31,247)
- Tangible fixed assets -€1,703
down €1,703 (-27.9%), from €6,115 to €4,412
of which Other tangible fixed assets: -€1,887
- Other debts -€31,247
down €31,247 (-45.8%), from €68,168 to €36,921
- Tax, wage and social debts -€8,974
down €8,974 (-53.8%), from €16,684 to €7,710
- Gross operating margin -€800
down €800 (-1.6%), from €50,143 to €49,343
- Financial income +€717
up €717 (+31.5%), from €2,274 to €2,992
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 | €107,512 | €66,627 | -€40,884 | -38.0% |
| Fixed assets | 21/28 | €6,115 | €4,412 | -€1,703 | -27.9% |
| Tangible fixed assets | 22/27 | €6,115 | €4,412 | -€1,703 | -27.9% |
| Furniture and vehicles | 24 | €177 | €361 | +€184 | +104% |
| Other tangible fixed assets | 26 | €5,938 | €4,051 | -€1,887 | -31.8% |
| Current assets | 29/58 | €101,397 | €62,216 | -€39,181 | -38.6% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,949 | €37,784 | -€37,165 | -49.6% |
| Trade receivables | 40 | €20,379 | €16,248 | -€4,131 | -20.3% |
| Other amounts receivable | 41 | €54,570 | €21,536 | -€33,034 | -60.5% |
| Cash at bank and in hand | 54/58 | €6,448 | €4,432 | -€2,016 | -31.3% |
| Total equity and liabilities | 10/49 | €107,512 | €66,627 | -€40,884 | -38.0% |
| Equity | 10/15 | €21,884 | €21,884 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €20,384 | €20,384 | = | 0.0% |
| Distributable reserves | 133 | €20,384 | €20,384 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €85,628 | €44,744 | -€40,884 | -47.7% |
| Amounts payable within one year | 42/48 | €85,628 | €44,744 | -€40,884 | -47.7% |
| Trade debts | 44 | €776 | €113 | -€662 | -85.4% |
| Suppliers | 440/4 | €776 | €113 | -€662 | -85.4% |
| Taxes, remuneration and social security | 45 | €16,684 | €7,710 | -€8,974 | -53.8% |
| Taxes | 450/3 | €16,684 | €7,710 | -€8,974 | -53.8% |
| Other amounts payable | 47/48 | €68,168 | €36,921 | -€31,247 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,965 | €2,137 | +€172 | +8.8% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Non-recurring operating charges | 66A | - | €1,400 | +€1,400 | |
| Gross operating margin | 9900 | €50,143 | €49,343 | -€800 | -1.6% |
| Operating profit (loss) | 9901 | €48,177 | €45,418 | -€2,760 | -5.7% |
| Financial income | 75/76B | €2,274 | €2,992 | +€717 | +31.5% |
| Recurring financial income | 75 | €2,274 | €2,992 | +€717 | +31.5% |
| Financial charges | 65/66B | €827 | €747 | -€80 | -9.6% |
| Recurring financial charges | 65 | €827 | €747 | -€80 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €49,625 | €47,663 | -€1,963 | -4.0% |
| Income taxes | 67/77 | €10,722 | €10,742 | +€20 | +0.2% |
| Profit (loss) for the period | 9904 | €38,903 | €36,921 | -€1,983 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,903 | €36,921 | -€1,983 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.