AHDG: 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.
AHDG
Largest movements
- Cash +€118,445
up €118,445 (+101.6%), from €116,542 to €234,986
mainly Net result for the year (+€103,405) and Other debts (+€22,381)
- Tangible fixed assets -€11,986
down €11,986 (-25.1%), from €47,811 to €35,825
- Profit (loss) carried forward +€103,405
up €103,405 (+105.2%), from €98,329 to €201,734
- Other debts +€22,381
up €22,381 (+99.2%), from €22,552 to €44,932
- Trade debts -€19,953
down €19,953 (-96.7%), from €20,636 to €683
- Gross operating margin +€6,966
up €6,966 (+5.0%), from €139,527 to €146,493
- Taxes +€2,074
up €2,074 (+7.7%), from €26,950 to €29,024
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 | €179,641 | €286,262 | +€106,622 | +59.4% |
| Fixed assets | 21/28 | €47,811 | €35,825 | -€11,986 | -25.1% |
| Tangible fixed assets | 22/27 | €47,811 | €35,825 | -€11,986 | -25.1% |
| Furniture and vehicles | 24 | €47,811 | €35,825 | -€11,986 | -25.1% |
| Current assets | 29/58 | €131,830 | €250,437 | +€118,607 | +90.0% |
| Amounts receivable within one year | 40/41 | €15,125 | €15,293 | +€168 | +1.1% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | - | €168 | +€168 | |
| Cash at bank and in hand | 54/58 | €116,542 | €234,986 | +€118,445 | +101.6% |
| Deferred charges and accrued income | 490/1 | €163 | €157 | -€6 | -3.5% |
| Total equity and liabilities | 10/49 | €179,641 | €286,262 | +€106,622 | +59.4% |
| Equity | 10/15 | €100,829 | €204,234 | +€103,405 | +102.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,329 | €201,734 | +€103,405 | +105.2% |
| Amounts payable | 17/49 | €78,811 | €82,028 | +€3,217 | +4.1% |
| Amounts payable within one year | 42/48 | €78,746 | €81,961 | +€3,216 | +4.1% |
| Trade debts | 44 | €20,636 | €683 | -€19,953 | -96.7% |
| Suppliers | 440/4 | €20,636 | €683 | -€19,953 | -96.7% |
| Taxes, remuneration and social security | 45 | €35,558 | €36,346 | +€788 | +2.2% |
| Taxes | 450/3 | €35,558 | €36,346 | +€788 | +2.2% |
| Other amounts payable | 47/48 | €22,552 | €44,932 | +€22,381 | +99.2% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,406 | €11,986 | -€1,420 | -10.6% |
| Other operating charges | 640/8 | €665 | €1,509 | +€845 | +127.0% |
| Gross operating margin | 9900 | €139,527 | €146,493 | +€6,966 | +5.0% |
| Operating profit (loss) | 9901 | €125,456 | €132,998 | +€7,542 | +6.0% |
| Financial income | 75/76B | €10 | €3 | -€7 | -70.0% |
| Recurring financial income | 75 | €10 | €3 | -€7 | -70.0% |
| Financial charges | 65/66B | €187 | €572 | +€385 | +205.7% |
| Recurring financial charges | 65 | €187 | €572 | +€385 | +205.7% |
| Profit (loss) for the period before taxes | 9903 | €125,279 | €132,429 | +€7,150 | +5.7% |
| Income taxes | 67/77 | €26,950 | €29,024 | +€2,074 | +7.7% |
| Profit (loss) for the period | 9904 | €98,329 | €103,405 | +€5,076 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,329 | €103,405 | +€5,076 | +5.2% |
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 10 October 2026 via checked.be.