AHK: 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.
AHK
Largest movements
- Tangible fixed assets -€28,387
down €28,387 (-6.1%), from €467,954 to €439,567
of which Land and buildings: -€25,958
- Cash +€24,610
up €24,610 (+6.7%), from €368,189 to €392,799
mainly Net result for the year (+€38,678) and Depreciation (+€28,387)
- Other debts -€50,742
down €50,742 (-51.7%), from €98,180 to €47,437
- Reserves +€38,678
up €38,678 (+5.2%), from €742,548 to €781,225
of which Distributable reserves: +€38,678
- Tax, wage and social debts +€11,358
new in 2025: €11,358
of which Taxes: +€7,158
- Gross operating margin +€75,720
up €75,720 (+1921.0%), from €3,942 to €79,662
- Taxes +€6,360
up €6,360 (+211.1%), from €3,012 to €9,372
- Financial charges -€1,017
down €1,017 (-94.2%), from €1,079 to €62
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 | €853,975 | €854,326 | +€351 | 0.0% |
| Fixed assets | 21/28 | €467,954 | €439,567 | -€28,387 | -6.1% |
| Tangible fixed assets | 22/27 | €467,954 | €439,567 | -€28,387 | -6.1% |
| Land and buildings | 22 | €455,851 | €429,893 | -€25,958 | -5.7% |
| Plant, machinery and equipment | 23 | €1,019 | €679 | -€340 | -33.3% |
| Furniture and vehicles | 24 | €3,179 | €1,090 | -€2,089 | -65.7% |
| Other tangible fixed assets | 26 | €7,904 | €7,904 | = | 0.0% |
| Current assets | 29/58 | €386,022 | €414,760 | +€28,738 | +7.4% |
| Amounts receivable within one year | 40/41 | €17,167 | €20,895 | +€3,727 | +21.7% |
| Trade receivables | 40 | - | €17,560 | +€17,560 | |
| Other amounts receivable | 41 | €17,167 | €3,334 | -€13,833 | -80.6% |
| Cash at bank and in hand | 54/58 | €368,189 | €392,799 | +€24,610 | +6.7% |
| Deferred charges and accrued income | 490/1 | €665 | €1,066 | +€401 | +60.3% |
| Total equity and liabilities | 10/49 | €853,975 | €854,326 | +€351 | 0.0% |
| Equity | 10/15 | €754,948 | €793,625 | +€38,678 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €742,548 | €781,225 | +€38,678 | +5.2% |
| Tax-exempt reserves | 132 | €115 | €115 | = | 0.0% |
| Distributable reserves | 133 | €742,432 | €781,110 | +€38,678 | +5.2% |
| Amounts payable | 17/49 | €99,027 | €60,701 | -€38,327 | -38.7% |
| Amounts payable within one year | 42/48 | €99,027 | €60,701 | -€38,327 | -38.7% |
| Trade debts | 44 | €848 | €1,905 | +€1,057 | +124.7% |
| Suppliers | 440/4 | €848 | €1,905 | +€1,057 | +124.7% |
| Taxes, remuneration and social security | 45 | - | €11,358 | +€11,358 | |
| Taxes | 450/3 | - | €7,158 | +€7,158 | |
| Remuneration and social security | 454/9 | - | €4,200 | +€4,200 | |
| Other amounts payable | 47/48 | €98,180 | €47,437 | -€50,742 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,705 | €28,387 | +€681 | +2.5% |
| Other operating charges | 640/8 | €3,892 | €3,163 | -€728 | -18.7% |
| Gross operating margin | 9900 | €3,942 | €79,662 | +€75,720 | +1921.0% |
| Operating profit (loss) | 9901 | -€27,655 | €48,112 | +€75,767 | |
| Financial charges | 65/66B | €1,079 | €62 | -€1,017 | -94.2% |
| Recurring financial charges | 65 | €1,079 | €62 | -€1,017 | -94.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,735 | €48,050 | +€76,785 | |
| Income taxes | 67/77 | €3,012 | €9,372 | +€6,360 | +211.1% |
| Profit (loss) for the period | 9904 | -€31,747 | €38,678 | +€70,425 | |
| Transfer from tax-exempt reserves | 789 | €46,684 | - | -€46,684 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,937 | €38,678 | +€23,741 | +158.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.