AH Projecten: 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 Projecten
Largest movements
- Receivables within one year +€53,822
up €53,822 (+155%), from €34,832 to €88,654
of which Trade receivables: +€53,193
- Cash -€20,095
down €20,095 (-84.5%), from €23,791 to €3,696
mainly Receivables within one year (-€53,822) and Contributions, distributions and other (-€29,412)
- Tangible fixed assets -€5,825
down €5,825 (-86.2%), from €6,756 to €931
- Trade debts +€28,854
up €28,854 (+263%), from €10,959 to €39,813
- Profit (loss) carried forward -€4,612
down €4,612 (-22.9%), from €20,180 to €15,568
- Other debts +€3,755
up €3,755 (+25,456%), from €15 to €3,769
- Gross operating margin -€20,883
down €20,883 (-30.9%), from €67,489 to €46,606
- Financial charges -€7,145
down €7,145 (-85.8%), from €8,329 to €1,184
- Depreciation -€6,937
down €6,937 (-89.2%), from €7,776 to €839
- Staff costs -€3,608
down €3,608 (-61.9%), from €5,831 to €2,223
- Taxes +€3,345
up €3,345 (+28.2%), from €11,876 to €15,221
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 | €70,129 | €98,031 | +€27,902 | +39.8% |
| Fixed assets | 21/28 | €11,506 | €5,681 | -€5,825 | -50.6% |
| Tangible fixed assets | 22/27 | €6,756 | €931 | -€5,825 | -86.2% |
| Furniture and vehicles | 24 | €6,756 | €931 | -€5,825 | -86.2% |
| Financial fixed assets | 28 | €4,750 | €4,750 | = | 0.0% |
| Current assets | 29/58 | €58,623 | €92,350 | +€33,727 | +57.5% |
| Amounts receivable within one year | 40/41 | €34,832 | €88,654 | +€53,822 | +155% |
| Trade receivables | 40 | €24,861 | €78,054 | +€53,193 | +214% |
| Other amounts receivable | 41 | €9,971 | €10,600 | +€629 | +6.3% |
| Cash at bank and in hand | 54/58 | €23,791 | €3,696 | -€20,095 | -84.5% |
| Total equity and liabilities | 10/49 | €70,129 | €98,031 | +€27,902 | +39.8% |
| Equity | 10/15 | €24,180 | €19,568 | -€4,612 | -19.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,180 | €15,568 | -€4,612 | -22.9% |
| Amounts payable | 17/49 | €45,949 | €78,463 | +€32,513 | +70.8% |
| Amounts payable within one year | 42/48 | €45,949 | €78,463 | +€32,513 | +70.8% |
| Trade debts | 44 | €10,959 | €39,813 | +€28,854 | +263% |
| Suppliers | 440/4 | €10,959 | €39,813 | +€28,854 | +263% |
| Taxes, remuneration and social security | 45 | €34,976 | €34,881 | -€96 | -0.3% |
| Taxes | 450/3 | €34,976 | €32,452 | -€2,524 | -7.2% |
| Remuneration and social security | 454/9 | - | €2,428 | +€2,428 | |
| Other amounts payable | 47/48 | €15 | €3,769 | +€3,755 | +25,456% |
| Remuneration, social security and pensions | 62 | €5,831 | €2,223 | -€3,608 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,776 | €839 | -€6,937 | -89.2% |
| Other operating charges | 640/8 | €1,992 | €566 | -€1,426 | -71.6% |
| Non-recurring operating charges | 66A | - | €2,486 | +€2,486 | |
| Gross operating margin | 9900 | €67,489 | €46,606 | -€20,883 | -30.9% |
| Operating profit (loss) | 9901 | €51,891 | €40,492 | -€11,399 | -22.0% |
| Financial income | 75/76B | €20 | €713 | +€693 | +3,470% |
| Recurring financial income | 75 | €20 | €713 | +€693 | +3,470% |
| Financial charges | 65/66B | €8,329 | €1,184 | -€7,145 | -85.8% |
| Recurring financial charges | 65 | €8,329 | €1,184 | -€7,145 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | €43,582 | €40,021 | -€3,561 | -8.2% |
| Income taxes | 67/77 | €11,876 | €15,221 | +€3,345 | +28.2% |
| Profit (loss) for the period | 9904 | €31,706 | €24,800 | -€6,906 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,706 | €24,800 | -€6,906 | -21.8% |
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 17 October 2026 via checked.be.