A.F.A.B: what changed
What changed
A.F.A.B
NACE 69.209, Other tax advisory services
filed annual accounts (NBB)
Net result for the year
-€16,529
2024 · -€12,541-€3,988
Equity
-€165,524
2024 · -€139,270-€26,254
Cash
€75
2024 · €53+€22
Balance sheet total
€175,046
2024 · €142,259+€32,787
Largest movements
Assets
- Tangible fixed assets +€27,723
up €27,723 (+19.5%), from €141,878 to €169,601
of which Land and buildings: +€15,926
- Deferred charges and accrued income +€4,000
new in 2025: €4,000
Equity and liabilities
- Other debts +€59,796
up €59,796 (+21.3%), from €280,774 to €340,570
- Profit (loss) carried forward -€29,974
down €29,974 (-17.9%), from -€167,639 to -€197,614
- Reserves +€3,720
up €3,720 (+51.3%), from €7,249 to €10,969
of which Non-distributable reserves: +€3,720
Income statement
- Gross operating margin -€2,098
down €2,098, from €3 to -€2,096
- Depreciation +€1,898
up €1,898 (+16.6%), from €11,434 to €13,332
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€12,541
Gross operating margin
-€2,098
Depreciation
-€1,898
Other operating charges
+€4
Financial charges
+€4
Result 2025
-€16,529
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€50,802
Investment
-€41,055
Financing
-€9,725
Cash 2024
€53
From operations (derived)
+€50,802
Net result for the year
-€16,529
Depreciation
+€13,332
Receivables within one year
-€1,041
Deferred charges and accrued income
-€4,000
Trade debts
-€755
Other debts
+€59,796
Investment (derived)
-€41,055
Investment in fixed assets (net)
-€41,055
Financing
-€9,725
Contributions, distributions and other
-€9,725
Cash 2025
€75
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,259 | €175,046 | +€32,787 | +23.0% |
| Fixed assets | 21/28 | €141,878 | €169,601 | +€27,723 | +19.5% |
| Tangible fixed assets | 22/27 | €141,878 | €169,601 | +€27,723 | +19.5% |
| Land and buildings | 22 | €135,417 | €151,343 | +€15,926 | +11.8% |
| Plant, machinery and equipment | 23 | €6,461 | €18,258 | +€11,797 | +183% |
| Current assets | 29/58 | €382 | €5,445 | +€5,064 | +1,326% |
| Amounts receivable within one year | 40/41 | €329 | €1,370 | +€1,041 | +316% |
| Trade receivables | 40 | €290 | €1,200 | +€910 | +313% |
| Other amounts receivable | 41 | €39 | €170 | +€131 | +338% |
| Cash at bank and in hand | 54/58 | €53 | €75 | +€22 | +42.7% |
| Deferred charges and accrued income | 490/1 | - | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €142,259 | €175,046 | +€32,787 | +23.0% |
| Equity | 10/15 | -€139,270 | -€165,524 | -€26,254 | -18.9% |
| Contributions | 10/11 | €21,120 | €21,120 | = | 0.0% |
| Reserves | 13 | €7,249 | €10,969 | +€3,720 | +51.3% |
| Non-distributable reserves | 130/1 | €2,112 | €5,832 | +€3,720 | +176% |
| Reserves not available under the articles | 1311 | €2,112 | €5,832 | +€3,720 | +176% |
| Tax-exempt reserves | 132 | €2,069 | €2,069 | = | 0.0% |
| Distributable reserves | 133 | €3,068 | €3,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,639 | -€197,614 | -€29,974 | -17.9% |
| Amounts payable | 17/49 | €281,529 | €340,570 | +€59,041 | +21.0% |
| Amounts payable within one year | 42/48 | €281,529 | €340,570 | +€59,041 | +21.0% |
| Trade debts | 44 | €755 | - | -€755 | |
| Suppliers | 440/4 | €755 | - | -€755 | |
| Other amounts payable | 47/48 | €280,774 | €340,570 | +€59,796 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,434 | €13,332 | +€1,898 | +16.6% |
| Other operating charges | 640/8 | €963 | €960 | -€4 | -0.4% |
| Gross operating margin | 9900 | €3 | -€2,096 | -€2,098 | |
| Operating profit (loss) | 9901 | -€12,395 | -€16,387 | -€3,992 | -32.2% |
| Financial charges | 65/66B | €147 | €143 | -€4 | -2.6% |
| Recurring financial charges | 65 | €147 | €143 | -€4 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,541 | -€16,529 | -€3,988 | -31.8% |
| Profit (loss) for the period | 9904 | -€12,541 | -€16,529 | -€3,988 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,541 | -€16,529 | -€3,988 | -31.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.