AH CONSTRUCT: 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.
AH CONSTRUCT
Largest movements
- Receivables within one year -€170,462
down €170,462 (-43.1%), from €395,707 to €225,245
of which Trade receivables: -€143,500
- Cash +€28,014
up €28,014 (+23.1%), from €121,527 to €149,541
mainly Receivables within one year (+€170,462) and Net result for the year (+€137,845)
- Trade debts -€89,525
down €89,525 (-43.8%), from €204,599 to €115,074
- Tax, wage and social debts -€27,600
no longer reported in 2025 (was €27,600)
- Other debts -€26,590
down €26,590 (-14.6%), from €182,610 to €156,021
- Gross operating margin -€17,402
down €17,402 (-7.8%), from €223,186 to €205,784
- Taxes +€5,240
up €5,240 (+10.2%), from €51,321 to €56,560
- Other operating charges -€5,147
down €5,147 (-87.4%), from €5,890 to €743
- Financial charges +€4,428
up €4,428 (+458.7%), from €965 to €5,393
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 | €528,303 | €382,284 | -€146,019 | -27.6% |
| Fixed assets | 21/28 | €10,264 | €7,498 | -€2,766 | -26.9% |
| Tangible fixed assets | 22/27 | €10,264 | €7,498 | -€2,766 | -26.9% |
| Plant, machinery and equipment | 23 | €7,761 | €6,143 | -€1,618 | -20.8% |
| Furniture and vehicles | 24 | €2,504 | €1,355 | -€1,149 | -45.9% |
| Current assets | 29/58 | €518,039 | €374,786 | -€143,253 | -27.7% |
| Amounts receivable within one year | 40/41 | €395,707 | €225,245 | -€170,462 | -43.1% |
| Trade receivables | 40 | €361,346 | €217,846 | -€143,500 | -39.7% |
| Other amounts receivable | 41 | €34,361 | €7,399 | -€26,962 | -78.5% |
| Cash at bank and in hand | 54/58 | €121,527 | €149,541 | +€28,014 | +23.1% |
| Deferred charges and accrued income | 490/1 | €805 | - | -€805 | |
| Total equity and liabilities | 10/49 | €528,303 | €382,284 | -€146,019 | -27.6% |
| Equity | 10/15 | €66,596 | €69,441 | +€2,845 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,136 | €48,981 | +€2,845 | +6.2% |
| Amounts payable | 17/49 | €461,707 | €312,843 | -€148,864 | -32.2% |
| Amounts payable within one year | 42/48 | €461,707 | €312,843 | -€148,864 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €46,898 | €41,748 | -€5,150 | -11.0% |
| Trade debts | 44 | €204,599 | €115,074 | -€89,525 | -43.8% |
| Suppliers | 440/4 | €204,599 | €115,074 | -€89,525 | -43.8% |
| Taxes, remuneration and social security | 45 | €27,600 | - | -€27,600 | |
| Taxes | 450/3 | €27,600 | - | -€27,600 | |
| Other amounts payable | 47/48 | €182,610 | €156,021 | -€26,590 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,246 | €5,243 | +€1,997 | +61.5% |
| Other operating charges | 640/8 | €5,890 | €743 | -€5,147 | -87.4% |
| Gross operating margin | 9900 | €223,186 | €205,784 | -€17,402 | -7.8% |
| Operating profit (loss) | 9901 | €214,050 | €199,798 | -€14,253 | -6.7% |
| Financial income | 75/76B | €4 | €1 | -€3 | -86.8% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -86.8% |
| Financial charges | 65/66B | €965 | €5,393 | +€4,428 | +458.7% |
| Recurring financial charges | 65 | €965 | €5,393 | +€4,428 | +458.7% |
| Profit (loss) for the period before taxes | 9903 | €213,089 | €194,405 | -€18,684 | -8.8% |
| Income taxes | 67/77 | €51,321 | €56,560 | +€5,240 | +10.2% |
| Profit (loss) for the period | 9904 | €161,768 | €137,845 | -€23,923 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €161,768 | €137,845 | -€23,923 | -14.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.