AHP PROPERTIES: 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.
AHP PROPERTIES
Largest movements
- Tangible fixed assets -€12,235
down €12,235 (-2.3%), from €522,431 to €510,196
- Receivables within one year -€7,293
down €7,293 (-51.1%), from €14,264 to €6,971
- Trade debts -€47,628
down €47,628 (-31.2%), from €152,629 to €105,001
- Profit (loss) carried forward +€33,931
up €33,931 (+50.1%), from €67,684 to €101,614
- Tax, wage and social debts -€7,117
down €7,117 (-36.9%), from €19,309 to €12,191
- Write-downs -€12,000
no longer reported in 2025 (was €12,000)
- Taxes +€3,552
up €3,552 (+42.9%), from €8,288 to €11,840
- Gross operating margin +€1,514
up €1,514 (+2.4%), from €63,210 to €64,724
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 | €619,412 | €598,597 | -€20,815 | -3.4% |
| Fixed assets | 21/28 | €528,581 | €516,346 | -€12,235 | -2.3% |
| Tangible fixed assets | 22/27 | €522,431 | €510,196 | -€12,235 | -2.3% |
| Land and buildings | 22 | €522,431 | €510,196 | -€12,235 | -2.3% |
| Financial fixed assets | 28 | €6,150 | €6,150 | = | 0.0% |
| Current assets | 29/58 | €90,831 | €82,251 | -€8,580 | -9.4% |
| Stocks and contracts in progress | 3 | €14,000 | €14,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Contracts in progress | 37 | €11,000 | €11,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,264 | €6,971 | -€7,293 | -51.1% |
| Trade receivables | 40 | €14,264 | €6,971 | -€7,293 | -51.1% |
| Cash at bank and in hand | 54/58 | €62,567 | €61,280 | -€1,287 | -2.1% |
| Total equity and liabilities | 10/49 | €619,412 | €598,597 | -€20,815 | -3.4% |
| Equity | 10/15 | €232,684 | €266,614 | +€33,931 | +14.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,684 | €101,614 | +€33,931 | +50.1% |
| Provisions and deferred taxes | 16 | €214,790 | €214,790 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €214,790 | €214,790 | = | 0.0% |
| Other liabilities and charges | 164/5 | €214,790 | €214,790 | = | 0.0% |
| Amounts payable | 17/49 | €171,938 | €117,192 | -€54,746 | -31.8% |
| Amounts payable within one year | 42/48 | €171,938 | €117,192 | -€54,746 | -31.8% |
| Trade debts | 44 | €152,629 | €105,001 | -€47,628 | -31.2% |
| Suppliers | 440/4 | €152,629 | €105,001 | -€47,628 | -31.2% |
| Taxes, remuneration and social security | 45 | €19,309 | €12,191 | -€7,117 | -36.9% |
| Taxes | 450/3 | €19,309 | €12,191 | -€7,117 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,235 | €12,235 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,000 | - | -€12,000 | |
| Other operating charges | 640/8 | €6,428 | €6,418 | -€10 | -0.2% |
| Gross operating margin | 9900 | €63,210 | €64,724 | +€1,514 | +2.4% |
| Operating profit (loss) | 9901 | €32,548 | €46,072 | +€13,524 | +41.6% |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €283 | €301 | +€18 | +6.5% |
| Recurring financial charges | 65 | €283 | €301 | +€18 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €32,322 | €45,771 | +€13,449 | +41.6% |
| Income taxes | 67/77 | €8,288 | €11,840 | +€3,552 | +42.9% |
| Profit (loss) for the period | 9904 | €24,033 | €33,931 | +€9,898 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,033 | €33,931 | +€9,898 | +41.2% |
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 6 October 2026 via checked.be.