AHC: 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.
AHC
Largest movements
- Receivables within one year +€36,296
up €36,296 (+587.7%), from €6,176 to €42,472
of which Trade receivables: +€39,017
- Deferred charges and accrued income -€10,522
down €10,522 (-77.6%), from €13,561 to €3,039
- Tangible fixed assets -€2,610
down €2,610 (-15.5%), from €16,888 to €14,279
of which Furniture and vehicles: -€2,172
- Cash +€1,415
up €1,415 (+2.4%), from €59,142 to €60,557
mainly Net result for the year (+€15,595) and Deferred charges and accrued income (+€10,522)
- Reserves +€15,595
up €15,595 (+23.1%), from €67,559 to €83,154
- Trade debts +€6,418
up €6,418 (+1184.9%), from €542 to €6,960
- Current portion of long-term debt -€3,467
down €3,467 (-100.0%), from €3,467 to €0
- Tax, wage and social debts +€3,122
up €3,122 (+101.7%), from €3,070 to €6,192
of which Taxes: +€3,122
- Accrued charges and deferred income +€2,465
up €2,465, from €0 to €2,465
- Depreciation -€11,887
down €11,887 (-65.2%), from €18,231 to €6,344
- Gross operating margin +€7,187
up €7,187 (+35.4%), from €20,312 to €27,499
- Taxes +€3,816
up €3,816 (+1312.6%), from €291 to €4,107
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 | €97,568 | €122,146 | +€24,579 | +25.2% |
| Fixed assets | 21/28 | €18,688 | €16,079 | -€2,610 | -14.0% |
| Tangible fixed assets | 22/27 | €16,888 | €14,279 | -€2,610 | -15.5% |
| Plant, machinery and equipment | 23 | €6,874 | €6,437 | -€437 | -6.4% |
| Furniture and vehicles | 24 | €10,014 | €7,842 | -€2,172 | -21.7% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €78,879 | €106,068 | +€27,188 | +34.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,176 | €42,472 | +€36,296 | +587.7% |
| Trade receivables | 40 | €3,453 | €42,470 | +€39,017 | +1130.1% |
| Other amounts receivable | 41 | €2,724 | €2 | -€2,721 | -99.9% |
| Cash at bank and in hand | 54/58 | €59,142 | €60,557 | +€1,415 | +2.4% |
| Deferred charges and accrued income | 490/1 | €13,561 | €3,039 | -€10,522 | -77.6% |
| Total equity and liabilities | 10/49 | €97,568 | €122,146 | +€24,579 | +25.2% |
| Equity | 10/15 | €86,159 | €101,754 | +€15,595 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,559 | €83,154 | +€15,595 | +23.1% |
| Distributable reserves | 133 | €67,559 | €83,154 | +€15,595 | +23.1% |
| Amounts payable | 17/49 | €11,408 | €20,392 | +€8,984 | +78.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €11,408 | €17,927 | +€6,519 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €3,467 | €0 | -€3,467 | -100.0% |
| Trade debts | 44 | €542 | €6,960 | +€6,418 | +1184.9% |
| Suppliers | 440/4 | €542 | €6,960 | +€6,418 | +1184.9% |
| Taxes, remuneration and social security | 45 | €3,070 | €6,192 | +€3,122 | +101.7% |
| Taxes | 450/3 | €404 | €3,526 | +€3,122 | +772.9% |
| Remuneration and social security | 454/9 | €2,666 | €2,666 | = | 0.0% |
| Other amounts payable | 47/48 | €4,330 | €4,775 | +€445 | +10.3% |
| Accrued charges and deferred income | 492/3 | €0 | €2,465 | +€2,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,231 | €6,344 | -€11,887 | -65.2% |
| Other operating charges | 640/8 | €634 | €742 | +€109 | +17.2% |
| Gross operating margin | 9900 | €20,312 | €27,499 | +€7,187 | +35.4% |
| Operating profit (loss) | 9901 | €1,448 | €20,413 | +€18,965 | +1310.0% |
| Financial income | 75/76B | €527 | €316 | -€211 | -40.0% |
| Recurring financial income | 75 | €527 | €316 | -€211 | -40.0% |
| Financial charges | 65/66B | €1,263 | €1,026 | -€237 | -18.7% |
| Recurring financial charges | 65 | €1,263 | €1,026 | -€237 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €711 | €19,702 | +€18,991 | +2669.1% |
| Income taxes | 67/77 | €291 | €4,107 | +€3,816 | +1312.6% |
| Profit (loss) for the period | 9904 | €421 | €15,595 | +€15,174 | +3606.5% |
| Profit (loss) for the period to be appropriated | 9905 | €421 | €15,595 | +€15,174 | +3606.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.