A.H. CONSEIL: 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. CONSEIL
Largest movements
- Current investments +€286,323
up €286,323, from €0 to €286,323
- Financial fixed assets -€87,900
down €87,900 (-39.9%), from €220,400 to €132,500
- Tangible fixed assets +€80,612
up €80,612 (+43.7%), from €184,398 to €265,009
of which Land and buildings: +€59,675
- Receivables within one year +€19,477
up €19,477 (+51.3%), from €37,941 to €57,418
of which Trade receivables: +€13,310
- Cash +€16,121
up €16,121 (+286%), from €5,638 to €21,760
mainly Debts after one year (+€203,953) and Net result for the year (+€61,175)
- Debts after one year +€203,953
up €203,953 (+130%), from €156,289 to €360,241
of which Financial debts: +€203,953
- Reserves +€60,000
up €60,000 (+45.5%), from €131,724 to €191,724
of which Distributable reserves: +€60,000
- Other debts +€27,147
up €27,147 (+182%), from €14,942 to €42,089
- Tax, wage and social debts +€22,947
up €22,947 (+121%), from €18,995 to €41,941
of which Taxes: +€20,797
- Gross operating margin +€64,022
up €64,022 (+113%), from €56,712 to €120,734
- Financial income +€26,248
up €26,248 (+286%), from €9,168 to €35,416
of which Non-recurring financial income: +€16,264
- Other operating charges +€25,254
up €25,254 (+863%), from €2,926 to €28,179
- Taxes +€15,382
up €15,382 (+124%), from €12,430 to €27,812
- Financial charges +€6,314
up €6,314 (+45.0%), from €14,044 to €20,358
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 | €448,377 | €763,010 | +€314,633 | +70.2% |
| Fixed assets | 21/28 | €404,798 | €397,509 | -€7,288 | -1.8% |
| Tangible fixed assets | 22/27 | €184,398 | €265,009 | +€80,612 | +43.7% |
| Land and buildings | 22 | €184,398 | €244,072 | +€59,675 | +32.4% |
| Furniture and vehicles | 24 | €0 | €20,937 | +€20,937 | |
| Financial fixed assets | 28 | €220,400 | €132,500 | -€87,900 | -39.9% |
| Current assets | 29/58 | €43,580 | €365,501 | +€321,921 | +739% |
| Amounts receivable within one year | 40/41 | €37,941 | €57,418 | +€19,477 | +51.3% |
| Trade receivables | 40 | - | €13,310 | +€13,310 | |
| Other amounts receivable | 41 | €37,941 | €44,108 | +€6,167 | +16.3% |
| Current investments | 50/53 | €0 | €286,323 | +€286,323 | |
| Cash at bank and in hand | 54/58 | €5,638 | €21,760 | +€16,121 | +286% |
| Total equity and liabilities | 10/49 | €448,377 | €763,010 | +€314,633 | +70.2% |
| Equity | 10/15 | €219,682 | €280,858 | +€61,175 | +27.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,724 | €191,724 | +€60,000 | +45.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,864 | €189,864 | +€60,000 | +46.2% |
| Profit (loss) carried forward | 14 | €81,759 | €82,934 | +€1,175 | +1.4% |
| Amounts payable | 17/49 | €228,695 | €482,153 | +€253,458 | +111% |
| Amounts payable after more than one year | 17 | €156,289 | €360,241 | +€203,953 | +130% |
| Financial debts | 170/4 | €156,289 | €360,241 | +€203,953 | +130% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €72,406 | €121,911 | +€49,505 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | €29,500 | €34,234 | +€4,734 | +16.0% |
| Trade debts | 44 | €8,969 | €3,646 | -€5,323 | -59.3% |
| Suppliers | 440/4 | €8,969 | €3,646 | -€5,323 | -59.3% |
| Taxes, remuneration and social security | 45 | €18,995 | €41,941 | +€22,947 | +121% |
| Taxes | 450/3 | €18,995 | €39,791 | +€20,797 | +109% |
| Remuneration and social security | 454/9 | - | €2,150 | +€2,150 | |
| Other amounts payable | 47/48 | €14,942 | €42,089 | +€27,147 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,964 | €18,625 | +€4,661 | +33.4% |
| Other operating charges | 640/8 | €2,926 | €28,179 | +€25,254 | +863% |
| Gross operating margin | 9900 | €56,712 | €120,734 | +€64,022 | +113% |
| Operating profit (loss) | 9901 | €39,822 | €73,929 | +€34,107 | +85.6% |
| Financial income | 75/76B | €9,168 | €35,416 | +€26,248 | +286% |
| Recurring financial income | 75 | €2,032 | €12,015 | +€9,983 | +491% |
| Non-recurring financial income | 76B | €7,137 | €23,401 | +€16,264 | +228% |
| Financial charges | 65/66B | €14,044 | €20,358 | +€6,314 | +45.0% |
| Recurring financial charges | 65 | €14,044 | €20,358 | +€6,314 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €34,946 | €88,987 | +€54,040 | +155% |
| Income taxes | 67/77 | €12,430 | €27,812 | +€15,382 | +124% |
| Profit (loss) for the period | 9904 | €22,517 | €61,175 | +€38,659 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €22,517 | €61,175 | +€38,659 | +172% |
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 25 October 2026 via checked.be.