AH & JB: 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.
AH & JB
Largest movements
- Receivables within one year +€72,824
up €72,824 (+14,969%), from €486 to €73,310
of which Trade receivables: +€73,310
- Cash -€10,998
down €10,998 (-55.2%), from €19,919 to €8,921
mainly Receivables within one year (-€72,824) and Contributions, distributions and other (-€30,616)
- Tangible fixed assets -€7,141
down €7,141 (-34.3%), from €20,837 to €13,695
of which Furniture and vehicles: -€5,624
- Other debts +€40,017
up €40,017 (+130%), from €30,811 to €70,827
- Profit (loss) carried forward +€10,270
no longer reported in 2025 (was -€10,270)
- Tax, wage and social debts +€2,933
new in 2025: €2,933
- Trade debts +€2,100
up €2,100 (+709%), from €296 to €2,396
- Gross operating margin +€66,663
up €66,663, from -€5,613 to €61,050
- Taxes +€12,161
new in 2025: €12,161
- Depreciation +€3,222
up €3,222 (+82.2%), from €3,919 to €7,141
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 | €41,242 | €96,561 | +€55,319 | +134% |
| Fixed assets | 21/28 | €20,837 | €13,695 | -€7,141 | -34.3% |
| Tangible fixed assets | 22/27 | €20,837 | €13,695 | -€7,141 | -34.3% |
| Plant, machinery and equipment | 23 | €813 | €698 | -€116 | -14.2% |
| Furniture and vehicles | 24 | €8,762 | €3,139 | -€5,624 | -64.2% |
| Other tangible fixed assets | 26 | €11,261 | €9,859 | -€1,402 | -12.4% |
| Current assets | 29/58 | €20,405 | €82,866 | +€62,461 | +306% |
| Amounts receivable within one year | 40/41 | €486 | €73,310 | +€72,824 | +14,969% |
| Trade receivables | 40 | - | €73,310 | +€73,310 | |
| Other amounts receivable | 41 | €486 | - | -€486 | |
| Cash at bank and in hand | 54/58 | €19,919 | €8,921 | -€10,998 | -55.2% |
| Deferred charges and accrued income | 490/1 | - | €635 | +€635 | |
| Total equity and liabilities | 10/49 | €41,242 | €96,561 | +€55,319 | +134% |
| Equity | 10/15 | €10,135 | €20,405 | +€10,270 | +101% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,270 | - | +€10,270 | |
| Amounts payable | 17/49 | €31,107 | €76,156 | +€45,050 | +145% |
| Amounts payable within one year | 42/48 | €31,107 | €76,156 | +€45,050 | +145% |
| Trade debts | 44 | €296 | €2,396 | +€2,100 | +709% |
| Suppliers | 440/4 | €296 | €2,396 | +€2,100 | +709% |
| Taxes, remuneration and social security | 45 | - | €2,933 | +€2,933 | |
| Taxes | 450/3 | - | €2,933 | +€2,933 | |
| Other amounts payable | 47/48 | €30,811 | €70,827 | +€40,017 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,919 | €7,141 | +€3,222 | +82.2% |
| Other operating charges | 640/8 | - | €539 | +€539 | |
| Gross operating margin | 9900 | -€5,613 | €61,050 | +€66,663 | |
| Operating profit (loss) | 9901 | -€9,532 | €53,369 | +€62,902 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €305 | €323 | +€18 | +5.9% |
| Recurring financial charges | 65 | €305 | €323 | +€18 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,835 | €53,047 | +€62,882 | |
| Income taxes | 67/77 | - | €12,161 | +€12,161 | |
| Profit (loss) for the period | 9904 | -€9,835 | €40,885 | +€50,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,835 | €40,885 | +€50,720 |
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 18 October 2026 via checked.be.