AHF TRADE: 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.
AHF TRADE
Largest movements
- Receivables within one year +€42,761
up €42,761 (+30.4%), from €140,837 to €183,598
of which Trade receivables: +€23,031
- Other debts +€27,142
up €27,142 (+24.3%), from €111,767 to €138,909
- Profit (loss) carried forward +€20,344
up €20,344 (+309%), from €6,585 to €26,929
- Debts after one year -€14,436
down €14,436 (-21.7%), from €66,674 to €52,239
- Trade debts +€5,150
up €5,150 (+136%), from €3,778 to €8,928
- Tax, wage and social debts +€4,157
new in 2025: €4,157
- Gross operating margin +€20,604
up €20,604, from -€3,110 to €17,494
- Financial charges -€7,563
down €7,563 (-84.9%), from €8,909 to €1,346
- Taxes +€4,157
new in 2025: €4,157
- Financial income -€551
down €551 (-6.1%), from €9,034 to €8,483
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 | €271,196 | €313,796 | +€42,601 | +15.7% |
| Current assets | 29/58 | €271,196 | €313,796 | +€42,601 | +15.7% |
| Stocks and contracts in progress | 3 | €129,917 | €129,917 | = | 0.0% |
| Stocks | 30/36 | €129,917 | €129,917 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €140,837 | €183,598 | +€42,761 | +30.4% |
| Trade receivables | 40 | - | €23,031 | +€23,031 | |
| Other amounts receivable | 41 | €140,837 | €160,567 | +€19,730 | +14.0% |
| Cash at bank and in hand | 54/58 | €441 | €281 | -€160 | -36.3% |
| Total equity and liabilities | 10/49 | €271,196 | €313,796 | +€42,601 | +15.7% |
| Equity | 10/15 | €74,785 | €95,129 | +€20,344 | +27.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,585 | €26,929 | +€20,344 | +309% |
| Amounts payable | 17/49 | €196,411 | €218,668 | +€22,257 | +11.3% |
| Amounts payable after more than one year | 17 | €66,674 | €52,239 | -€14,436 | -21.7% |
| Financial debts | 170/4 | €66,674 | €52,239 | -€14,436 | -21.7% |
| Amounts payable within one year | 42/48 | €129,737 | €166,429 | +€36,692 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €14,187 | €14,436 | +€248 | +1.8% |
| Financial debts | 43 | €4 | - | -€4 | |
| Credit institutions | 430/8 | €4 | - | -€4 | |
| Trade debts | 44 | €3,778 | €8,928 | +€5,150 | +136% |
| Suppliers | 440/4 | €3,778 | €8,928 | +€5,150 | +136% |
| Taxes, remuneration and social security | 45 | - | €4,157 | +€4,157 | |
| Taxes | 450/3 | - | €4,157 | +€4,157 | |
| Other amounts payable | 47/48 | €111,767 | €138,909 | +€27,142 | +24.3% |
| Other operating charges | 640/8 | €125 | €130 | +€5 | +4.0% |
| Gross operating margin | 9900 | -€3,110 | €17,494 | +€20,604 | |
| Operating profit (loss) | 9901 | -€3,235 | €17,364 | +€20,599 | |
| Financial income | 75/76B | €9,034 | €8,483 | -€551 | -6.1% |
| Recurring financial income | 75 | €9,034 | €8,483 | -€551 | -6.1% |
| Financial charges | 65/66B | €8,909 | €1,346 | -€7,563 | -84.9% |
| Recurring financial charges | 65 | €8,909 | €1,346 | -€7,563 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,111 | €24,500 | +€27,611 | |
| Income taxes | 67/77 | - | €4,157 | +€4,157 | |
| Profit (loss) for the period | 9904 | -€3,111 | €20,344 | +€23,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,111 | €20,344 | +€23,455 |
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 18 October 2026 via checked.be.