AHCMC: 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.
AHCMC
Largest movements
- Cash -€92,453
down €92,453 (-28.7%), from €321,802 to €229,349
mainly Contributions, distributions and other (-€250,000) and Stocks and contracts (-€14,782)
- Stocks and contracts +€14,782
up €14,782 (+12.8%), from €115,556 to €130,338
- Receivables within one year +€13,522
up €13,522 (+89.3%), from €15,145 to €28,667
of which Trade receivables: +€6,928
- Tangible fixed assets -€8,118
down €8,118 (-4.4%), from €183,346 to €175,228
of which Land and buildings: -€8,325
- Profit (loss) carried forward -€195,059
down €195,059 (-96.9%), from €201,398 to €6,339
- Other debts +€109,940
up €109,940 (+58.6%), from €187,702 to €297,642
- Tax, wage and social debts +€9,814
up €9,814 (+83.3%), from €11,783 to €21,597
of which Taxes: +€10,769
- Gross operating margin -€54,896
down €54,896 (-25.4%), from €215,795 to €160,899
- Other operating charges -€21,063
down €21,063 (-84.1%), from €25,038 to €3,975
- Staff costs -€19,478
down €19,478 (-20.2%), from €96,615 to €77,137
- Taxes -€7,507
down €7,507 (-36.9%), from €20,356 to €12,849
- Depreciation +€2,616
up €2,616 (+40.8%), from €6,410 to €9,027
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 | €635,999 | €563,732 | -€72,267 | -11.4% |
| Fixed assets | 21/28 | €183,496 | €175,378 | -€8,118 | -4.4% |
| Tangible fixed assets | 22/27 | €183,346 | €175,228 | -€8,118 | -4.4% |
| Land and buildings | 22 | €181,531 | €173,206 | -€8,325 | -4.6% |
| Furniture and vehicles | 24 | €1,815 | €2,022 | +€207 | +11.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €452,503 | €388,354 | -€64,149 | -14.2% |
| Stocks and contracts in progress | 3 | €115,556 | €130,338 | +€14,782 | +12.8% |
| Stocks | 30/36 | €115,556 | €130,338 | +€14,782 | +12.8% |
| Amounts receivable within one year | 40/41 | €15,145 | €28,667 | +€13,522 | +89.3% |
| Trade receivables | 40 | €11,186 | €18,114 | +€6,928 | +61.9% |
| Other amounts receivable | 41 | €3,959 | €10,553 | +€6,594 | +166.6% |
| Cash at bank and in hand | 54/58 | €321,802 | €229,349 | -€92,453 | -28.7% |
| Total equity and liabilities | 10/49 | €635,999 | €563,732 | -€72,267 | -11.4% |
| Equity | 10/15 | €394,998 | €199,939 | -€195,059 | -49.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,000 | €175,000 | = | 0.0% |
| Distributable reserves | 133 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,398 | €6,339 | -€195,059 | -96.9% |
| Amounts payable | 17/49 | €241,001 | €363,793 | +€122,792 | +51.0% |
| Amounts payable within one year | 42/48 | €241,001 | €363,793 | +€122,792 | +51.0% |
| Trade debts | 44 | €41,516 | €44,554 | +€3,038 | +7.3% |
| Suppliers | 440/4 | €41,516 | €44,554 | +€3,038 | +7.3% |
| Taxes, remuneration and social security | 45 | €11,783 | €21,597 | +€9,814 | +83.3% |
| Taxes | 450/3 | €434 | €11,203 | +€10,769 | +2483.2% |
| Remuneration and social security | 454/9 | €11,349 | €10,394 | -€956 | -8.4% |
| Other amounts payable | 47/48 | €187,702 | €297,642 | +€109,940 | +58.6% |
| Remuneration, social security and pensions | 62 | €96,615 | €77,137 | -€19,478 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,410 | €9,027 | +€2,616 | +40.8% |
| Other operating charges | 640/8 | €25,038 | €3,975 | -€21,063 | -84.1% |
| Gross operating margin | 9900 | €215,795 | €160,899 | -€54,896 | -25.4% |
| Operating profit (loss) | 9901 | €87,731 | €70,760 | -€16,971 | -19.3% |
| Financial charges | 65/66B | €2,373 | €2,971 | +€598 | +25.2% |
| Recurring financial charges | 65 | €2,373 | €2,971 | +€598 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €85,358 | €67,789 | -€17,569 | -20.6% |
| Income taxes | 67/77 | €20,356 | €12,849 | -€7,507 | -36.9% |
| Profit (loss) for the period | 9904 | €65,003 | €54,941 | -€10,062 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,003 | €54,941 | -€10,062 | -15.5% |
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 2 October 2026 via checked.be.