A.H.G.: 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.G.
Largest movements
- Tangible fixed assets -€15,031
down €15,031 (-28.2%), from €53,309 to €38,277
of which Furniture and vehicles: -€11,665
- Stocks and contracts -€7,075
down €7,075 (-16.6%), from €42,575 to €35,500
- Tax, wage and social debts -€50,198
down €50,198 (-97.8%), from €51,308 to €1,110
of which Remuneration and social security: -€49,785
- Other debts +€29,785
up €29,785 (+18.5%), from €160,914 to €190,699
- Reserves +€15,900
up €15,900 (+49.4%), from €32,197 to €48,098
of which Distributable reserves: +€15,900
- Trade debts -€12,287
no longer reported in 2025 (was €12,287)
- Debts after one year -€7,256
down €7,256 (-29.3%), from €24,757 to €17,502
- Gross operating margin +€26,027
up €26,027 (+196%), from €13,270 to €39,297
- Taxes +€3,125
new in 2025: €3,125
- Other operating charges -€2,329
down €2,329 (-49.8%), from €4,673 to €2,345
- Depreciation +€1,440
up €1,440 (+9.4%), from €15,362 to €16,802
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 | €300,064 | €276,008 | -€24,056 | -8.0% |
| Fixed assets | 21/28 | €55,684 | €40,652 | -€15,031 | -27.0% |
| Tangible fixed assets | 22/27 | €53,309 | €38,277 | -€15,031 | -28.2% |
| Plant, machinery and equipment | 23 | - | €1,417 | +€1,417 | |
| Furniture and vehicles | 24 | €46,536 | €34,872 | -€11,665 | -25.1% |
| Other tangible fixed assets | 26 | €6,773 | €1,989 | -€4,784 | -70.6% |
| Financial fixed assets | 28 | €2,375 | €2,375 | = | 0.0% |
| Current assets | 29/58 | €244,380 | €235,355 | -€9,025 | -3.7% |
| Stocks and contracts in progress | 3 | €42,575 | €35,500 | -€7,075 | -16.6% |
| Stocks | 30/36 | €42,575 | €35,500 | -€7,075 | -16.6% |
| Amounts receivable within one year | 40/41 | €187,043 | €187,595 | +€552 | +0.3% |
| Trade receivables | 40 | - | €202 | +€202 | |
| Other amounts receivable | 41 | €187,043 | €187,393 | +€350 | +0.2% |
| Cash at bank and in hand | 54/58 | €14,762 | €12,260 | -€2,502 | -16.9% |
| Total equity and liabilities | 10/49 | €300,064 | €276,008 | -€24,056 | -8.0% |
| Equity | 10/15 | €50,797 | €66,698 | +€15,900 | +31.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,197 | €48,098 | +€15,900 | +49.4% |
| 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 | €30,337 | €46,238 | +€15,900 | +52.4% |
| Amounts payable | 17/49 | €249,267 | €209,310 | -€39,957 | -16.0% |
| Amounts payable after more than one year | 17 | €24,757 | €17,502 | -€7,256 | -29.3% |
| Financial debts | 170/4 | €24,757 | €17,502 | -€7,256 | -29.3% |
| Amounts payable within one year | 42/48 | €224,509 | €191,808 | -€32,701 | -14.6% |
| Trade debts | 44 | €12,287 | - | -€12,287 | |
| Suppliers | 440/4 | €12,287 | - | -€12,287 | |
| Taxes, remuneration and social security | 45 | €51,308 | €1,110 | -€50,198 | -97.8% |
| Taxes | 450/3 | €1,523 | €1,110 | -€414 | -27.2% |
| Remuneration and social security | 454/9 | €49,785 | - | -€49,785 | |
| Other amounts payable | 47/48 | €160,914 | €190,699 | +€29,785 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,362 | €16,802 | +€1,440 | +9.4% |
| Other operating charges | 640/8 | €4,673 | €2,345 | -€2,329 | -49.8% |
| Gross operating margin | 9900 | €13,270 | €39,297 | +€26,027 | +196% |
| Operating profit (loss) | 9901 | -€6,766 | €20,150 | +€26,915 | |
| Financial income | 75/76B | €22 | €20 | -€2 | -10.9% |
| Recurring financial income | 75 | €22 | €20 | -€2 | -10.9% |
| Financial charges | 65/66B | €1,228 | €1,144 | -€84 | -6.8% |
| Recurring financial charges | 65 | €1,228 | €1,144 | -€84 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,971 | €19,026 | +€26,997 | |
| Income taxes | 67/77 | - | €3,125 | +€3,125 | |
| Profit (loss) for the period | 9904 | -€7,971 | €15,900 | +€23,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,971 | €15,900 | +€23,871 |
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 24 October 2026 via checked.be.