AHIBO: 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.
AHIBO
Largest movements
- Stocks and contracts +€30,000
up €30,000 (+4.6%), from €650,000 to €680,000
- Cash +€20,208
up €20,208 (+83.4%), from €24,239 to €44,447
mainly Other debts (+€324,154) and Net result for the year (+€74,494)
- Receivables within one year -€19,269
down €19,269 (-28.0%), from €68,759 to €49,490
of which Trade receivables: -€15,599
- Tangible fixed assets -€15,410
down €15,410 (-7.8%), from €196,824 to €181,414
- Advances received -€361,762
down €361,762 (-100.0%), from €361,762 to €0
- Other debts +€324,154
up €324,154 (+3592.2%), from €9,024 to €333,178
- Reserves +€74,494
up €74,494 (+32.8%), from €227,110 to €301,604
of which Distributable reserves: +€74,494
- Trade debts -€18,068
down €18,068 (-15.2%), from €118,815 to €100,747
- Tax, wage and social debts +€14,776
up €14,776 (+35.1%), from €42,062 to €56,838
of which Taxes: +€28,892
- Gross operating margin +€188,914
up €188,914 (+19.5%), from €969,121 to €1.2m
- Staff costs +€183,700
up €183,700 (+21.7%), from €847,631 to €1.0m
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 | €952,925 | €969,945 | +€17,020 | +1.8% |
| Fixed assets | 21/28 | €201,874 | €186,464 | -€15,410 | -7.6% |
| Tangible fixed assets | 22/27 | €196,824 | €181,414 | -€15,410 | -7.8% |
| Land and buildings | 22 | €187,000 | €180,000 | -€7,000 | -3.7% |
| Plant, machinery and equipment | 23 | €1,544 | €599 | -€945 | -61.2% |
| Furniture and vehicles | 24 | €8,280 | €815 | -€7,465 | -90.2% |
| Financial fixed assets | 28 | €5,049 | €5,049 | = | 0.0% |
| Current assets | 29/58 | €751,051 | €783,481 | +€32,430 | +4.3% |
| Stocks and contracts in progress | 3 | €650,000 | €680,000 | +€30,000 | +4.6% |
| Contracts in progress | 37 | €650,000 | €680,000 | +€30,000 | +4.6% |
| Amounts receivable within one year | 40/41 | €68,759 | €49,490 | -€19,269 | -28.0% |
| Trade receivables | 40 | €54,968 | €39,369 | -€15,599 | -28.4% |
| Other amounts receivable | 41 | €13,791 | €10,121 | -€3,670 | -26.6% |
| Cash at bank and in hand | 54/58 | €24,239 | €44,447 | +€20,208 | +83.4% |
| Deferred charges and accrued income | 490/1 | €8,054 | €9,544 | +€1,490 | +18.5% |
| Total equity and liabilities | 10/49 | €952,925 | €969,945 | +€17,020 | +1.8% |
| Equity | 10/15 | €245,710 | €320,204 | +€74,494 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €227,110 | €301,604 | +€74,494 | +32.8% |
| Tax-exempt reserves | 132 | €32,750 | €32,750 | = | 0.0% |
| Distributable reserves | 133 | €194,360 | €268,854 | +€74,494 | +38.3% |
| Amounts payable | 17/49 | €707,215 | €649,741 | -€57,474 | -8.1% |
| Amounts payable after more than one year | 17 | €133,978 | €119,882 | -€14,096 | -10.5% |
| Financial debts | 170/4 | €133,978 | €119,882 | -€14,096 | -10.5% |
| Amounts payable within one year | 42/48 | €573,237 | €529,859 | -€43,378 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €16,575 | €14,096 | -€2,479 | -15.0% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €118,815 | €100,747 | -€18,068 | -15.2% |
| Suppliers | 440/4 | €118,815 | €100,747 | -€18,068 | -15.2% |
| Advances received on contracts in progress | 46 | €361,762 | €0 | -€361,762 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,062 | €56,838 | +€14,776 | +35.1% |
| Taxes | 450/3 | €0 | €28,892 | +€28,892 | |
| Remuneration and social security | 454/9 | €42,062 | €27,946 | -€14,116 | -33.6% |
| Other amounts payable | 47/48 | €9,024 | €333,178 | +€324,154 | +3592.2% |
| Non-recurring operating income | 76A | €5,500 | €250 | -€5,250 | -95.5% |
| Remuneration, social security and pensions | 62 | €847,631 | €1,031,332 | +€183,700 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,747 | €11,787 | -€10,961 | -48.2% |
| Other operating charges | 640/8 | €5,741 | €5,569 | -€171 | -3.0% |
| Non-recurring operating charges | 66A | - | €2,424 | +€2,424 | |
| Gross operating margin | 9900 | €969,121 | €1,158,035 | +€188,914 | +19.5% |
| Operating profit (loss) | 9901 | €93,001 | €106,924 | +€13,923 | +15.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €8,829 | €5,221 | -€3,608 | -40.9% |
| Recurring financial charges | 65 | €8,829 | €5,221 | -€3,608 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €84,175 | €101,703 | +€17,528 | +20.8% |
| Income taxes | 67/77 | €19,745 | €27,209 | +€7,464 | +37.8% |
| Profit (loss) for the period | 9904 | €64,430 | €74,494 | +€10,064 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,430 | €74,494 | +€10,064 | +15.6% |
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.