A&H Minerals: 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.
What changed
A&H Minerals
NACE 23.990, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · €101,947-€1.3m
Equity
-€4.3m
2024 · -€3.1m-€1.2m
Cash
€20,781
2024 · €5,343+€15,439
Balance sheet total
€8.6m
2024 · €9.3m-€638,270
Largest movements
Assets
- Tangible fixed assets -€406,555
down €406,555 (-4.9%), from €8.3m to €7.9m
of which Leasing and similar rights: -€344,551
- Receivables within one year -€247,306
down €247,306 (-67.0%), from €368,980 to €121,675
of which Trade receivables: -€204,969
- Stocks and contracts -€110,906
down €110,906 (-18.4%), from €603,739 to €492,833
- Deferred charges and accrued income +€108,858
up €108,858 (+330%), from €32,938 to €141,796
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+36.4%), from €5.3m to €7.2m
of which Financial debts: +€986,845
- Profit (loss) carried forward -€1.2m
down €1.2m (-23.5%), from -€5.1m to -€6.3m
- Accrued charges and deferred income -€708,108
down €708,108 (-100%), from €708,108 to €0
- Other debts -€354,595
down €354,595 (-85.6%), from €414,204 to €59,609
- Current portion of long-term debt -€354,437
down €354,437 (-9.3%), from €3.8m to €3.5m
Income statement
- Gross operating margin -€1.2m
down €1.2m (-71.1%), from €1.7m to €483,159
- Depreciation +€51,533
up €51,533 (+8.4%), from €611,506 to €663,039
- Write-downs +€39,295
new in 2025: €39,295
- Financial charges -€18,192
down €18,192 (-2.6%), from €697,262 to €679,071
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.
Result 2024
€101,947
Gross operating margin
-€1.2m
Staff costs
-€6,394
Depreciation
-€51,533
Write-downs
-€39,295
Other operating charges
+€4,084
Other operating items
-€7,561
Financial income
+€697
Financial charges
+€18,192
Taxes
+€399
Result 2025
-€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.3m
Investment
-€258,684
Financing
+€1.5m
Cash 2024
€5,343
From operations (derived)
-€1.3m
Net result for the year
-€1.2m
Depreciation
+€663,039
Stocks and contracts
+€110,906
Receivables within one year
+€247,306
Deferred charges and accrued income
-€108,858
Provisions
+€116,000
Trade debts
-€71,993
Tax, wage and social debts
+€19,440
Other debts
-€354,595
Accrued charges and deferred income
-€708,108
Investment (derived)
-€258,684
Investment in fixed assets (net)
-€258,684
Financing
+€1.5m
Debts after one year
+€1.9m
Current portion of long-term debt
-€354,437
Short-term financial debts
-€3,695
Contributions, distributions and other
-€36,960
Cash 2025
€20,781
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,273,219 | €8,634,948 | -€638,270 | -6.9% |
| Fixed assets | 21/28 | €8,262,219 | €7,857,864 | -€404,355 | -4.9% |
| Intangible fixed assets | 21 | - | €2,200 | +€2,200 | |
| Tangible fixed assets | 22/27 | €8,262,159 | €7,855,604 | -€406,555 | -4.9% |
| Plant, machinery and equipment | 23 | €3,580,694 | €3,514,986 | -€65,708 | -1.8% |
| Furniture and vehicles | 24 | €2,764 | €4,170 | +€1,407 | +50.9% |
| Leasing and similar rights | 25 | €4,564,123 | €4,219,572 | -€344,551 | -7.5% |
| Other tangible fixed assets | 26 | €114,578 | €116,876 | +€2,298 | +2.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €1,011,000 | €777,084 | -€233,915 | -23.1% |
| Stocks and contracts in progress | 3 | €603,739 | €492,833 | -€110,906 | -18.4% |
| Stocks | 30/36 | €603,739 | €492,833 | -€110,906 | -18.4% |
| Amounts receivable within one year | 40/41 | €368,980 | €121,675 | -€247,306 | -67.0% |
| Trade receivables | 40 | €216,385 | €11,417 | -€204,969 | -94.7% |
| Other amounts receivable | 41 | €152,595 | €110,258 | -€42,337 | -27.7% |
| Cash at bank and in hand | 54/58 | €5,343 | €20,781 | +€15,439 | +289% |
| Deferred charges and accrued income | 490/1 | €32,938 | €141,796 | +€108,858 | +330% |
| Total equity and liabilities | 10/49 | €9,273,219 | €8,634,948 | -€638,270 | -6.9% |
| Equity | 10/15 | -€3,129,169 | -€4,334,760 | -€1.2m | -38.5% |
| Contributions | 10/11 | €1,999,980 | €1,999,980 | = | 0.0% |
| Capital | 10 | €1,999,980 | €1,999,980 | = | 0.0% |
| Issued capital | 100 | €1,999,980 | €1,999,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,129,149 | -€6,334,740 | -€1.2m | -23.5% |
| Provisions and deferred taxes | 16 | - | €116,000 | +€116,000 | |
| Provisions for liabilities and charges | 160/5 | - | €116,000 | +€116,000 | |
| Other liabilities and charges | 164/5 | - | €116,000 | +€116,000 | |
| Amounts payable | 17/49 | €12,402,387 | €12,853,708 | +€451,321 | +3.6% |
| Amounts payable after more than one year | 17 | €5,290,181 | €7,214,890 | +€1.9m | +36.4% |
| Financial debts | 170/4 | €5,290,181 | €6,277,026 | +€986,845 | +18.7% |
| Other amounts payable | 178/9 | - | €937,864 | +€937,864 | |
| Amounts payable within one year | 42/48 | €6,404,098 | €5,638,818 | -€765,280 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €3,806,885 | €3,452,448 | -€354,437 | -9.3% |
| Financial debts | 43 | €1,000,572 | €996,877 | -€3,695 | -0.4% |
| Credit institutions | 430/8 | €1,000,572 | €996,877 | -€3,695 | -0.4% |
| Trade debts | 44 | €1,158,932 | €1,086,939 | -€71,993 | -6.2% |
| Suppliers | 440/4 | €1,158,932 | €1,086,939 | -€71,993 | -6.2% |
| Taxes, remuneration and social security | 45 | €23,505 | €42,946 | +€19,440 | +82.7% |
| Taxes | 450/3 | €4,482 | €19,882 | +€15,400 | +344% |
| Remuneration and social security | 454/9 | €19,023 | €23,064 | +€4,041 | +21.2% |
| Other amounts payable | 47/48 | €414,204 | €59,609 | -€354,595 | -85.6% |
| Accrued charges and deferred income | 492/3 | €708,108 | €0 | -€708,108 | -100% |
| Non-recurring operating income | 76A | €1,042,566 | €6,872 | -€1.0m | -99.3% |
| Remuneration, social security and pensions | 62 | €94,140 | €100,534 | +€6,394 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611,506 | €663,039 | +€51,533 | +8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €39,295 | +€39,295 | |
| Other operating charges | 640/8 | €4,593 | €509 | -€4,084 | -88.9% |
| Non-recurring operating charges | 66A | €162,500 | €170,061 | +€7,561 | +4.7% |
| Gross operating margin | 9900 | €1,672,325 | €483,159 | -€1.2m | -71.1% |
| Operating profit (loss) | 9901 | €799,586 | -€490,279 | -€1.3m | |
| Financial income | 75/76B | €21 | €718 | +€697 | +3,255% |
| Recurring financial income | 75 | €21 | €718 | +€697 | +3,255% |
| Financial charges | 65/66B | €697,262 | €679,071 | -€18,192 | -2.6% |
| Recurring financial charges | 65 | €697,262 | €679,071 | -€18,192 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €102,346 | -€1,168,631 | -€1.3m | |
| Income taxes | 67/77 | €399 | €0 | -€399 | -100% |
| Profit (loss) for the period | 9904 | €101,947 | -€1,168,631 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €101,947 | -€1,168,631 | -€1.3m |
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 23 October 2026 via checked.be.