AAH: 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.
AAH
Largest movements
- Cash +€54,921
up €54,921 (+8.5%), from €649,778 to €704,699
mainly Net result for the year (+€94,696) and Receivables within one year (+€31,619)
- Receivables within one year -€31,619
down €31,619 (-77.3%), from €40,913 to €9,294
of which Trade receivables: -€17,096
- Tangible fixed assets -€9,821
down €9,821 (-5.3%), from €183,821 to €174,000
of which Land and buildings: -€6,518
- Other debts +€18,420
up €18,420 (+12.2%), from €150,728 to €169,148
- Tax, wage and social debts -€17,725
down €17,725 (-64.8%), from €27,369 to €9,644
of which Taxes: -€19,895
- Trade debts +€9,587
up €9,587 (+72.7%), from €13,181 to €22,767
- Gross operating margin -€50,944
down €50,944 (-19.1%), from €266,372 to €215,428
- Taxes -€16,878
down €16,878 (-25.8%), from €65,310 to €48,432
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 | €879,199 | €890,176 | +€10,978 | +1.2% |
| Fixed assets | 21/28 | €184,181 | €174,360 | -€9,821 | -5.3% |
| Tangible fixed assets | 22/27 | €183,821 | €174,000 | -€9,821 | -5.3% |
| Land and buildings | 22 | €174,306 | €167,788 | -€6,518 | -3.7% |
| Plant, machinery and equipment | 23 | €1,747 | €804 | -€943 | -54.0% |
| Furniture and vehicles | 24 | €7,768 | €5,407 | -€2,361 | -30.4% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €695,018 | €715,817 | +€20,799 | +3.0% |
| Amounts receivable within one year | 40/41 | €40,913 | €9,294 | -€31,619 | -77.3% |
| Trade receivables | 40 | €24,769 | €7,673 | -€17,096 | -69.0% |
| Other amounts receivable | 41 | €16,144 | €1,621 | -€14,522 | -90.0% |
| Cash at bank and in hand | 54/58 | €649,778 | €704,699 | +€54,921 | +8.5% |
| Deferred charges and accrued income | 490/1 | €4,327 | €1,824 | -€2,503 | -57.8% |
| Total equity and liabilities | 10/49 | €879,199 | €890,176 | +€10,978 | +1.2% |
| Equity | 10/15 | €687,921 | €688,617 | +€696 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €654,471 | €655,071 | +€600 | +0.1% |
| Non-distributable reserves | 130/1 | €15,871 | €15,871 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,871 | €15,871 | = | 0.0% |
| Distributable reserves | 133 | €638,600 | €639,200 | +€600 | +0.1% |
| Profit (loss) carried forward | 14 | €21,051 | €21,147 | +€96 | +0.5% |
| Amounts payable | 17/49 | €191,277 | €201,559 | +€10,282 | +5.4% |
| Amounts payable within one year | 42/48 | €191,277 | €201,559 | +€10,282 | +5.4% |
| Trade debts | 44 | €13,181 | €22,767 | +€9,587 | +72.7% |
| Suppliers | 440/4 | €13,181 | €22,767 | +€9,587 | +72.7% |
| Taxes, remuneration and social security | 45 | €27,369 | €9,644 | -€17,725 | -64.8% |
| Taxes | 450/3 | €27,369 | €7,474 | -€19,895 | -72.7% |
| Remuneration and social security | 454/9 | - | €2,169 | +€2,169 | |
| Other amounts payable | 47/48 | €150,728 | €169,148 | +€18,420 | +12.2% |
| Remuneration, social security and pensions | 62 | €44,600 | €46,290 | +€1,690 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,529 | €17,791 | -€738 | -4.0% |
| Other operating charges | 640/8 | €10,259 | €10,655 | +€395 | +3.9% |
| Gross operating margin | 9900 | €266,372 | €215,428 | -€50,944 | -19.1% |
| Operating profit (loss) | 9901 | €192,984 | €140,692 | -€52,291 | -27.1% |
| Financial income | 75/76B | €2,604 | €3,202 | +€598 | +23.0% |
| Recurring financial income | 75 | €2,604 | €3,202 | +€598 | +23.0% |
| Financial charges | 65/66B | €642 | €766 | +€125 | +19.4% |
| Recurring financial charges | 65 | €642 | €766 | +€125 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €194,946 | €143,128 | -€51,818 | -26.6% |
| Income taxes | 67/77 | €65,310 | €48,432 | -€16,878 | -25.8% |
| Profit (loss) for the period | 9904 | €129,636 | €94,696 | -€34,940 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €129,636 | €94,696 | -€34,940 | -27.0% |
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 18 October 2026 via checked.be.