AMHL: 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.
AMHL
Largest movements
- Tangible fixed assets +€134,488
up €134,488 (+8077.5%), from €1,665 to €136,153
of which Land and buildings: +€128,242
- Receivables within one year +€19,371
new in 2025: €19,371
of which Trade receivables: +€19,371
- Cash -€14,481
down €14,481 (-71.2%), from €20,346 to €5,865
mainly Investment in fixed assets (net) (-€141,153) and Receivables within one year (-€19,371)
- Intangible fixed assets -€7,000
down €7,000 (-13.0%), from €54,044 to €47,044
- Debts after one year +€124,253
up €124,253 (+453.1%), from €27,421 to €151,674
- Trade debts +€27,526
up €27,526 (+7162.4%), from €384 to €27,910
- Profit (loss) carried forward -€17,690
down €17,690, from €6,803 to -€10,887
- Current portion of long-term debt +€4,487
up €4,487 (+65.7%), from €6,824 to €11,311
- Tax, wage and social debts -€4,157
down €4,157 (-71.3%), from €5,832 to €1,675
- Gross operating margin -€9,897
down €9,897 (-81.4%), from €12,153 to €2,256
- Depreciation +€4,165
up €4,165 (+43.8%), from €9,500 to €13,664
- Financial charges +€3,990
up €3,990 (+270.6%), from €1,475 to €5,464
- Other operating charges +€559
up €559 (+532.2%), from €105 to €664
- Taxes -€483
down €483 (-75.9%), from €636 to €153
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 | €78,083 | €209,891 | +€131,808 | +168.8% |
| Fixed assets | 21/28 | €55,709 | €183,197 | +€127,488 | +228.8% |
| Intangible fixed assets | 21 | €54,044 | €47,044 | -€7,000 | -13.0% |
| Tangible fixed assets | 22/27 | €1,665 | €136,153 | +€134,488 | +8077.5% |
| Land and buildings | 22 | - | €128,242 | +€128,242 | |
| Plant, machinery and equipment | 23 | - | €7,911 | +€7,911 | |
| Furniture and vehicles | 24 | €1,665 | €0 | -€1,665 | -100.0% |
| Current assets | 29/58 | €22,374 | €26,694 | +€4,320 | +19.3% |
| Amounts receivable within one year | 40/41 | - | €19,371 | +€19,371 | |
| Trade receivables | 40 | - | €19,371 | +€19,371 | |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €20,346 | €5,865 | -€14,481 | -71.2% |
| Deferred charges and accrued income | 490/1 | €2,028 | €1,458 | -€571 | -28.1% |
| Total equity and liabilities | 10/49 | €78,083 | €209,891 | +€131,808 | +168.8% |
| Equity | 10/15 | €9,803 | -€7,887 | -€17,690 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,803 | -€10,887 | -€17,690 | |
| Amounts payable | 17/49 | €68,280 | €217,778 | +€149,498 | +218.9% |
| Amounts payable after more than one year | 17 | €27,421 | €151,674 | +€124,253 | +453.1% |
| Financial debts | 170/4 | €27,421 | €151,674 | +€124,253 | +453.1% |
| Amounts payable within one year | 42/48 | €38,165 | €66,104 | +€27,939 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €6,824 | €11,311 | +€4,487 | +65.7% |
| Trade debts | 44 | €384 | €27,910 | +€27,526 | +7162.4% |
| Suppliers | 440/4 | €384 | €27,910 | +€27,526 | +7162.4% |
| Taxes, remuneration and social security | 45 | €5,832 | €1,675 | -€4,157 | -71.3% |
| Taxes | 450/3 | €5,832 | €1,675 | -€4,157 | -71.3% |
| Other amounts payable | 47/48 | €25,124 | €25,208 | +€84 | +0.3% |
| Accrued charges and deferred income | 492/3 | €2,695 | €0 | -€2,695 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,500 | €13,664 | +€4,165 | +43.8% |
| Other operating charges | 640/8 | €105 | €664 | +€559 | +532.2% |
| Gross operating margin | 9900 | €12,153 | €2,256 | -€9,897 | -81.4% |
| Operating profit (loss) | 9901 | €2,548 | -€12,072 | -€14,620 | |
| Financial charges | 65/66B | €1,475 | €5,464 | +€3,990 | +270.6% |
| Recurring financial charges | 65 | €1,475 | €5,464 | +€3,990 | +270.6% |
| Profit (loss) for the period before taxes | 9903 | €1,073 | -€17,537 | -€18,610 | |
| Income taxes | 67/77 | €636 | €153 | -€483 | -75.9% |
| Profit (loss) for the period | 9904 | €437 | -€17,690 | -€18,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €437 | -€17,690 | -€18,127 |
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.