A.M.H.: 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.M.H.
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€18,509
2024 · -€16,665-€1,844
Equity
€295,153
2024 · €313,662-€18,509
Cash
€1,314
2024 · €2,248-€935
Balance sheet total
€343,178
2024 · €360,329-€17,151
Largest movements
Assets
- Tangible fixed assets -€10,633
down €10,633 (-4.5%), from €237,298 to €226,665
of which Leasing and similar rights: -€11,317
- Receivables after one year -€4,473
down €4,473 (-64.1%), from €6,974 to €2,501
Equity and liabilities
- Profit (loss) carried forward -€18,509
down €18,509 (-13.2%), from €140,573 to €122,064
Income statement
- Gross operating margin -€1,770
down €1,770 (-51.0%), from €3,473 to €1,703
- Depreciation +€273
up €273 (+1.8%), from €14,961 to €15,234
- Financial charges -€199
down €199 (-7.5%), from €2,640 to €2,441
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
-€16,665
Gross operating margin
-€1,770
Depreciation
-€273
Financial charges
+€199
Result 2025
-€18,509
raises the resultlowers the result
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
+€4,163
Investment
-€4,377
Financing
-€721
Cash 2024
€2,248
From operations (derived)
+€4,163
Net result for the year
-€18,509
Depreciation
+€15,234
Receivables after one year
+€4,473
Receivables within one year
+€2,357
Deferred charges and accrued income
-€1,471
Trade debts
-€590
Tax, wage and social debts
+€144
Other debts
-€11
Accrued charges and deferred income
+€2,537
Investment (derived)
-€4,377
Investment in fixed assets (net)
-€4,377
Financing
-€721
Debts after one year
-€757
Current portion of long-term debt
+€36
Cash 2025
€1,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,329 | €343,178 | -€17,151 | -4.8% |
| Fixed assets | 21/28 | €237,521 | €226,665 | -€10,857 | -4.6% |
| Tangible fixed assets | 22/27 | €237,298 | €226,665 | -€10,633 | -4.5% |
| Leasing and similar rights | 25 | €226,367 | €215,050 | -€11,317 | -5.0% |
| Other tangible fixed assets | 26 | €10,931 | €11,615 | +€684 | +6.3% |
| Financial fixed assets | 28 | €224 | - | -€224 | |
| Current assets | 29/58 | €122,808 | €116,513 | -€6,294 | -5.1% |
| Amounts receivable after more than one year | 29 | €6,974 | €2,501 | -€4,473 | -64.1% |
| Other amounts receivable | 291 | €6,974 | €2,501 | -€4,473 | -64.1% |
| Amounts receivable within one year | 40/41 | €13,739 | €11,382 | -€2,357 | -17.2% |
| Other amounts receivable | 41 | €13,739 | €11,382 | -€2,357 | -17.2% |
| Current investments | 50/53 | €99,846 | €99,846 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,248 | €1,314 | -€935 | -41.6% |
| Deferred charges and accrued income | 490/1 | - | €1,471 | +€1,471 | |
| Total equity and liabilities | 10/49 | €360,329 | €343,178 | -€17,151 | -4.8% |
| Equity | 10/15 | €313,662 | €295,153 | -€18,509 | -5.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €111,089 | €111,089 | = | 0.0% |
| Non-distributable reserves | 130/1 | €106,046 | €106,046 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €99,846 | €99,846 | = | 0.0% |
| Distributable reserves | 133 | €5,043 | €5,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,573 | €122,064 | -€18,509 | -13.2% |
| Amounts payable | 17/49 | €46,667 | €48,025 | +€1,358 | +2.9% |
| Amounts payable after more than one year | 17 | €45,236 | €44,478 | -€757 | -1.7% |
| Financial debts | 170/4 | €44,936 | €44,178 | -€757 | -1.7% |
| Other amounts payable | 178/9 | €300 | €300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,431 | €1,010 | -€422 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €830 | €866 | +€36 | +4.3% |
| Trade debts | 44 | €590 | - | -€590 | |
| Suppliers | 440/4 | €590 | - | -€590 | |
| Taxes, remuneration and social security | 45 | €0 | €144 | +€144 | |
| Taxes | 450/3 | €0 | €144 | +€144 | |
| Other amounts payable | 47/48 | €11 | - | -€11 | |
| Accrued charges and deferred income | 492/3 | - | €2,537 | +€2,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,961 | €15,234 | +€273 | +1.8% |
| Other operating charges | 640/8 | €2,537 | €2,537 | = | 0.0% |
| Gross operating margin | 9900 | €3,473 | €1,703 | -€1,770 | -51.0% |
| Operating profit (loss) | 9901 | -€14,024 | -€16,068 | -€2,043 | -14.6% |
| Financial charges | 65/66B | €2,640 | €2,441 | -€199 | -7.5% |
| Recurring financial charges | 65 | €2,640 | €2,441 | -€199 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,665 | -€18,509 | -€1,844 | -11.1% |
| Profit (loss) for the period | 9904 | -€16,665 | -€18,509 | -€1,844 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,665 | -€18,509 | -€1,844 | -11.1% |
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 25 October 2026 via checked.be.