AH Project: 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 Project
Largest movements
- Current investments -€344,060
down €344,060 (-100%), from €344,060 to €0
- Cash +€334,782
up €334,782 (+3,260%), from €10,269 to €345,051
mainly Current investments (+€344,060) and Net result for the year (+€672)
- Tax, wage and social debts -€9,064
down €9,064 (-89.4%), from €10,141 to €1,077
- Taxes -€2,593
down €2,593 (-92.1%), from €2,817 to €224
- Financial income -€2,584
down €2,584 (-44.5%), from €5,801 to €3,217
- Gross operating margin -€454
down €454 (-41.0%), from -€1,107 to -€1,561
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 | €354,329 | €345,792 | -€8,537 | -2.4% |
| Current assets | 29/58 | €354,329 | €345,792 | -€8,537 | -2.4% |
| Amounts receivable within one year | 40/41 | - | €741 | +€741 | |
| Other amounts receivable | 41 | - | €741 | +€741 | |
| Current investments | 50/53 | €344,060 | €0 | -€344,060 | -100% |
| Cash at bank and in hand | 54/58 | €10,269 | €345,051 | +€334,782 | +3,260% |
| Total equity and liabilities | 10/49 | €354,329 | €345,792 | -€8,537 | -2.4% |
| Equity | 10/15 | €344,043 | €344,715 | +€672 | +0.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €44,043 | €44,715 | +€672 | +1.5% |
| Distributable reserves | 133 | €44,043 | €44,715 | +€672 | +1.5% |
| Amounts payable | 17/49 | €10,286 | €1,077 | -€9,209 | -89.5% |
| Amounts payable within one year | 42/48 | €10,286 | €1,077 | -€9,209 | -89.5% |
| Trade debts | 44 | €145 | €0 | -€145 | -100% |
| Suppliers | 440/4 | €145 | €0 | -€145 | -100% |
| Taxes, remuneration and social security | 45 | €10,141 | €1,077 | -€9,064 | -89.4% |
| Taxes | 450/3 | €10,141 | €1,077 | -€9,064 | -89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €580 | €595 | +€14 | +2.5% |
| Gross operating margin | 9900 | -€1,107 | -€1,561 | -€454 | -41.0% |
| Operating profit (loss) | 9901 | -€1,687 | -€2,156 | -€468 | -27.7% |
| Financial income | 75/76B | €5,801 | €3,217 | -€2,584 | -44.5% |
| Recurring financial income | 75 | €5,801 | €3,217 | -€2,584 | -44.5% |
| Financial charges | 65/66B | €161 | €165 | +€4 | +2.6% |
| Recurring financial charges | 65 | €161 | €165 | +€4 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €3,952 | €896 | -€3,056 | -77.3% |
| Income taxes | 67/77 | €2,817 | €224 | -€2,593 | -92.1% |
| Profit (loss) for the period | 9904 | €1,135 | €672 | -€463 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,135 | €672 | -€463 | -40.8% |
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 14 October 2026 via checked.be.