AHDI: 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.
AHDI
Largest movements
- Receivables within one year -€56,038
down €56,038 (-90.7%), from €61,781 to €5,743
of which Trade receivables: -€54,394
- Tangible fixed assets -€13,371
down €13,371 (-14.3%), from €93,249 to €79,878
of which Land and buildings: -€7,076
- Stocks and contracts +€9,890
up €9,890 (+14.7%), from €67,325 to €77,215
- Cash +€3,604
up €3,604 (+44.0%), from €8,186 to €11,791
mainly Receivables within one year (+€56,038) and Depreciation (+€16,034)
- Advances received -€56,873
no longer reported in 2025 (was €56,873)
- Profit (loss) carried forward +€12,357
up €12,357 (+11.2%), from €109,926 to €122,283
- Debts after one year -€10,508
no longer reported in 2025 (was €10,508)
- Tax, wage and social debts +€5,190
up €5,190 (+37.6%), from €13,800 to €18,990
of which Taxes: +€4,925
- Current portion of long-term debt -€4,916
down €4,916 (-31.9%), from €15,424 to €10,508
- Gross operating margin +€9,515
up €9,515 (+13.2%), from €71,853 to €81,368
- Financial charges +€3,700
up €3,700 (+110.8%), from €3,340 to €7,040
- Taxes +€1,158
up €1,158 (+30.1%), from €3,846 to €5,004
- Depreciation -€1,068
down €1,068 (-6.2%), from €17,103 to €16,034
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 | €233,488 | €177,575 | -€55,913 | -23.9% |
| Formation expenses | 20 | - | €1,782 | +€1,782 | |
| Fixed assets | 21/28 | €93,249 | €79,878 | -€13,371 | -14.3% |
| Tangible fixed assets | 22/27 | €93,249 | €79,878 | -€13,371 | -14.3% |
| Land and buildings | 22 | €83,735 | €76,659 | -€7,076 | -8.5% |
| Furniture and vehicles | 24 | €9,514 | €3,219 | -€6,295 | -66.2% |
| Current assets | 29/58 | €140,240 | €95,915 | -€44,325 | -31.6% |
| Stocks and contracts in progress | 3 | €67,325 | €77,215 | +€9,890 | +14.7% |
| Stocks | 30/36 | €67,325 | €77,215 | +€9,890 | +14.7% |
| Amounts receivable within one year | 40/41 | €61,781 | €5,743 | -€56,038 | -90.7% |
| Trade receivables | 40 | €54,394 | - | -€54,394 | |
| Other amounts receivable | 41 | €7,387 | €5,743 | -€1,645 | -22.3% |
| Cash at bank and in hand | 54/58 | €8,186 | €11,791 | +€3,604 | +44.0% |
| Deferred charges and accrued income | 490/1 | €2,947 | €1,167 | -€1,781 | -60.4% |
| Total equity and liabilities | 10/49 | €233,488 | €177,575 | -€55,913 | -23.9% |
| Equity | 10/15 | €130,377 | €142,734 | +€12,357 | +9.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | €109,926 | €122,283 | +€12,357 | +11.2% |
| Amounts payable | 17/49 | €103,112 | €34,841 | -€68,271 | -66.2% |
| Amounts payable after more than one year | 17 | €10,508 | - | -€10,508 | |
| Financial debts | 170/4 | €10,508 | - | -€10,508 | |
| Amounts payable within one year | 42/48 | €92,604 | €34,841 | -€57,763 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €15,424 | €10,508 | -€4,916 | -31.9% |
| Financial debts | 43 | €874 | €855 | -€19 | -2.1% |
| Other loans | 439 | €874 | €855 | -€19 | -2.1% |
| Trade debts | 44 | €5,632 | €4,488 | -€1,145 | -20.3% |
| Suppliers | 440/4 | €5,632 | €4,488 | -€1,145 | -20.3% |
| Advances received on contracts in progress | 46 | €56,873 | - | -€56,873 | |
| Taxes, remuneration and social security | 45 | €13,800 | €18,990 | +€5,190 | +37.6% |
| Taxes | 450/3 | €2,267 | €7,192 | +€4,925 | +217.2% |
| Remuneration and social security | 454/9 | €11,533 | €11,798 | +€265 | +2.3% |
| Remuneration, social security and pensions | 62 | €36,880 | €37,489 | +€609 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,103 | €16,034 | -€1,068 | -6.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,373 | €3,815 | +€441 | +13.1% |
| Gross operating margin | 9900 | €71,853 | €81,368 | +€9,515 | +13.2% |
| Operating profit (loss) | 9901 | €14,497 | €24,030 | +€9,533 | +65.8% |
| Financial income | 75/76B | €870 | €371 | -€499 | -57.4% |
| Recurring financial income | 75 | €870 | €371 | -€499 | -57.4% |
| Financial charges | 65/66B | €3,340 | €7,040 | +€3,700 | +110.8% |
| Recurring financial charges | 65 | €3,340 | €7,040 | +€3,700 | +110.8% |
| Profit (loss) for the period before taxes | 9903 | €12,028 | €17,361 | +€5,333 | +44.3% |
| Income taxes | 67/77 | €3,846 | €5,004 | +€1,158 | +30.1% |
| Profit (loss) for the period | 9904 | €8,182 | €12,357 | +€4,175 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,182 | €12,357 | +€4,175 | +51.0% |
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 12 October 2026 via checked.be.