A.H.B.O.: 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.B.O.
Largest movements
- Current investments +€200,000
up €200,000 (+99.3%), from €201,488 to €401,488
- Receivables within one year +€196,443
up €196,443 (+44.7%), from €439,182 to €635,625
of which Other amounts receivable: +€207,218
- Cash +€22,300
up €22,300 (+10.5%), from €213,086 to €235,386
mainly Other debts (+€625,000) and Net result for the year (+€422,825)
- Other debts +€625,000
up €625,000, from €0 to €625,000
- Reserves -€203,000
down €203,000 (-29.2%), from €696,278 to €493,278
of which Distributable reserves: -€203,000
- Trade debts +€24,076
up €24,076 (+32.9%), from €73,186 to €97,262
- Gross operating margin +€105,594
up €105,594 (+12.4%), from €851,684 to €957,278
- Staff costs +€73,951
up €73,951 (+28.7%), from €257,532 to €331,482
- Taxes -€10,370
down €10,370 (-7.9%), from €131,436 to €121,066
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 | €1,163,612 | €1,597,274 | +€433,662 | +37.3% |
| Fixed assets | 21/28 | €301,158 | €313,366 | +€12,207 | +4.1% |
| Tangible fixed assets | 22/27 | €301,158 | €313,366 | +€12,207 | +4.1% |
| Land and buildings | 22 | €135,627 | €126,830 | -€8,797 | -6.5% |
| Plant, machinery and equipment | 23 | €2,668 | €6,645 | +€3,977 | +149% |
| Furniture and vehicles | 24 | €162,863 | €179,890 | +€17,028 | +10.5% |
| Current assets | 29/58 | €862,454 | €1,283,909 | +€421,454 | +48.9% |
| Stocks and contracts in progress | 3 | €2,900 | €3,831 | +€931 | +32.1% |
| Stocks | 30/36 | €2,900 | €3,831 | +€931 | +32.1% |
| Amounts receivable within one year | 40/41 | €439,182 | €635,625 | +€196,443 | +44.7% |
| Trade receivables | 40 | €272,763 | €261,989 | -€10,774 | -4.0% |
| Other amounts receivable | 41 | €166,419 | €373,637 | +€207,218 | +125% |
| Current investments | 50/53 | €201,488 | €401,488 | +€200,000 | +99.3% |
| Cash at bank and in hand | 54/58 | €213,086 | €235,386 | +€22,300 | +10.5% |
| Deferred charges and accrued income | 490/1 | €5,798 | €7,579 | +€1,780 | +30.7% |
| Total equity and liabilities | 10/49 | €1,163,612 | €1,597,274 | +€433,662 | +37.3% |
| Equity | 10/15 | €984,981 | €782,806 | -€202,175 | -20.5% |
| Reserves | 13 | €696,278 | €493,278 | -€203,000 | -29.2% |
| Tax-exempt reserves | 132 | €45,518 | €45,518 | = | 0.0% |
| Distributable reserves | 133 | €650,761 | €447,761 | -€203,000 | -31.2% |
| Profit (loss) carried forward | 14 | €288,703 | €289,528 | +€825 | +0.3% |
| Amounts payable | 17/49 | €178,631 | €814,468 | +€635,837 | +356% |
| Amounts payable within one year | 42/48 | €178,631 | €814,468 | +€635,837 | +356% |
| Trade debts | 44 | €73,186 | €97,262 | +€24,076 | +32.9% |
| Suppliers | 440/4 | €73,186 | €97,262 | +€24,076 | +32.9% |
| Taxes, remuneration and social security | 45 | €105,445 | €92,206 | -€13,239 | -12.6% |
| Taxes | 450/3 | €85,209 | €60,664 | -€24,544 | -28.8% |
| Remuneration and social security | 454/9 | €20,237 | €31,542 | +€11,305 | +55.9% |
| Other amounts payable | 47/48 | €0 | €625,000 | +€625,000 | |
| Remuneration, social security and pensions | 62 | €257,532 | €331,482 | +€73,951 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,078 | €86,155 | +€8,077 | +10.3% |
| Other operating charges | 640/8 | €4,427 | €4,990 | +€563 | +12.7% |
| Gross operating margin | 9900 | €851,684 | €957,278 | +€105,594 | +12.4% |
| Operating profit (loss) | 9901 | €511,647 | €534,651 | +€23,004 | +4.5% |
| Financial income | 75/76B | €6,899 | €9,580 | +€2,682 | +38.9% |
| Recurring financial income | 75 | €6,899 | €9,580 | +€2,682 | +38.9% |
| Financial charges | 65/66B | €8,091 | €340 | -€7,751 | -95.8% |
| Recurring financial charges | 65 | €8,091 | €340 | -€7,751 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €510,455 | €543,891 | +€33,436 | +6.6% |
| Income taxes | 67/77 | €131,436 | €121,066 | -€10,370 | -7.9% |
| Profit (loss) for the period | 9904 | €379,019 | €422,825 | +€43,806 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €379,019 | €422,825 | +€43,806 | +11.6% |
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.