A.N.H.: what changed
Two fiscal 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.N.H.
Largest movements
- Cash +€11,069
up €11,069 (+119.1%), from €9,296 to €20,366
mainly Receivables within one year (+€10,439) and Depreciation (+€5,792)
- Receivables within one year -€10,439
down €10,439 (-48.0%), from €21,732 to €11,293
of which Trade receivables: -€11,073
- Tangible fixed assets -€5,792
down €5,792 (-36.4%), from €15,927 to €10,136
- Debts after one year -€3,449
no longer reported in 2025 (was €3,449)
- Profit (loss) carried forward -€2,973
down €2,973, from €1,606 to -€1,367
- Tax, wage and social debts +€1,665
up €1,665 (+42.0%), from €3,962 to €5,626
of which Remuneration and social security: +€1,872
- Trade debts -€494
down €494 (-29.7%), from €1,660 to €1,166
- Gross operating margin -€4,426
down €4,426 (-14.8%), from €29,867 to €25,441
- Staff costs -€3,359
down €3,359 (-13.4%), from €25,138 to €21,778
- Other operating charges -€2,007
down €2,007 (-75.6%), from €2,655 to €649
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.
Cash bridge derived
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 | €47,455 | €42,294 | -€5,161 | -10.9% |
| Fixed assets | 21/28 | €16,427 | €10,635 | -€5,792 | -35.3% |
| Tangible fixed assets | 22/27 | €15,927 | €10,136 | -€5,792 | -36.4% |
| Furniture and vehicles | 24 | €15,927 | €10,136 | -€5,792 | -36.4% |
| Financial fixed assets | 28 | €499 | €499 | = | 0.0% |
| Current assets | 29/58 | €31,028 | €31,659 | +€631 | +2.0% |
| Amounts receivable within one year | 40/41 | €21,732 | €11,293 | -€10,439 | -48.0% |
| Trade receivables | 40 | €20,611 | €9,537 | -€11,073 | -53.7% |
| Other amounts receivable | 41 | €1,121 | €1,756 | +€635 | +56.6% |
| Cash at bank and in hand | 54/58 | €9,296 | €20,366 | +€11,069 | +119.1% |
| Total equity and liabilities | 10/49 | €47,455 | €42,294 | -€5,161 | -10.9% |
| Equity | 10/15 | €34,737 | €31,764 | -€2,973 | -8.6% |
| Contributions | 10/11 | €18,155 | €18,155 | = | 0.0% |
| Reserves | 13 | €14,976 | €14,976 | = | 0.0% |
| Non-distributable reserves | 130/1 | €916 | €916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €916 | €916 | = | 0.0% |
| Distributable reserves | 133 | €14,060 | €14,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,606 | -€1,367 | -€2,973 | |
| Amounts payable | 17/49 | €12,718 | €10,530 | -€2,188 | -17.2% |
| Amounts payable after more than one year | 17 | €3,449 | - | -€3,449 | |
| Financial debts | 170/4 | €3,449 | - | -€3,449 | |
| Amounts payable within one year | 42/48 | €9,268 | €10,530 | +€1,261 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €3,449 | €3,737 | +€287 | +8.3% |
| Trade debts | 44 | €1,660 | €1,166 | -€494 | -29.7% |
| Suppliers | 440/4 | €1,660 | €1,166 | -€494 | -29.7% |
| Taxes, remuneration and social security | 45 | €3,962 | €5,626 | +€1,665 | +42.0% |
| Taxes | 450/3 | €1,680 | €1,473 | -€207 | -12.3% |
| Remuneration and social security | 454/9 | €2,282 | €4,153 | +€1,872 | +82.0% |
| Other amounts payable | 47/48 | €197 | - | -€197 | |
| Remuneration, social security and pensions | 62 | €25,138 | €21,778 | -€3,359 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,792 | €5,792 | = | 0.0% |
| Other operating charges | 640/8 | €2,655 | €649 | -€2,007 | -75.6% |
| Gross operating margin | 9900 | €29,867 | €25,441 | -€4,426 | -14.8% |
| Operating profit (loss) | 9901 | -€3,717 | -€2,778 | +€940 | +25.3% |
| Financial income | 75/76B | €110 | - | -€110 | |
| Recurring financial income | 75 | €110 | - | -€110 | |
| Financial charges | 65/66B | €180 | €195 | +€15 | +8.2% |
| Recurring financial charges | 65 | €180 | €195 | +€15 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,788 | -€2,973 | +€815 | +21.5% |
| Income taxes | 67/77 | €5 | - | -€5 | |
| Profit (loss) for the period | 9904 | -€3,793 | -€2,973 | +€820 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,793 | -€2,973 | +€820 | +21.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.