A & F Benelux: 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.
A & F Benelux
Largest movements
- Cash +€58,844
up €58,844 (+23.9%), from €246,011 to €304,855
mainly Depreciation (+€46,044) and Deferred charges and accrued income (+€34,001)
- Tangible fixed assets -€46,044
down €46,044 (-13.2%), from €349,342 to €303,297
of which Furniture and vehicles: -€37,741
- Deferred charges and accrued income -€34,001
down €34,001 (-85.6%), from €39,715 to €5,714
- Receivables within one year +€24,877
up €24,877 (+1,480%), from €1,681 to €26,558
of which Trade receivables: +€24,812
- Reserves +€29,296
up €29,296 (+5.6%), from €526,572 to €555,868
- Tax, wage and social debts -€10,621
down €10,621 (-20.8%), from €50,971 to €40,350
of which Remuneration and social security: -€9,514
- Debts after one year -€10,421
down €10,421 (-49.7%), from €20,968 to €10,546
- Gross operating margin -€9,022
down €9,022 (-5.5%), from €163,696 to €154,674
- Depreciation +€7,123
up €7,123 (+18.3%), from €38,922 to €46,044
- Taxes -€3,991
down €3,991 (-21.5%), from €18,597 to €14,606
- Staff costs +€1,904
up €1,904 (+3.2%), from €59,652 to €61,555
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.
Derived cash bridge
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 | €639,804 | €643,480 | +€3,676 | +0.6% |
| Fixed assets | 21/28 | €352,398 | €306,353 | -€46,044 | -13.1% |
| Tangible fixed assets | 22/27 | €349,342 | €303,297 | -€46,044 | -13.2% |
| Land and buildings | 22 | €229,184 | €222,417 | -€6,767 | -3.0% |
| Plant, machinery and equipment | 23 | €12,417 | €10,880 | -€1,536 | -12.4% |
| Furniture and vehicles | 24 | €107,741 | €70,000 | -€37,741 | -35.0% |
| Financial fixed assets | 28 | €3,056 | €3,056 | = | 0.0% |
| Current assets | 29/58 | €287,406 | €337,127 | +€49,721 | +17.3% |
| Amounts receivable within one year | 40/41 | €1,681 | €26,558 | +€24,877 | +1,480% |
| Trade receivables | 40 | €0 | €24,812 | +€24,812 | |
| Other amounts receivable | 41 | €1,681 | €1,746 | +€65 | +3.9% |
| Cash at bank and in hand | 54/58 | €246,011 | €304,855 | +€58,844 | +23.9% |
| Deferred charges and accrued income | 490/1 | €39,715 | €5,714 | -€34,001 | -85.6% |
| Total equity and liabilities | 10/49 | €639,804 | €643,480 | +€3,676 | +0.6% |
| Equity | 10/15 | €545,172 | €574,468 | +€29,296 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €526,572 | €555,868 | +€29,296 | +5.6% |
| Distributable reserves | 133 | €526,572 | €555,868 | +€29,296 | +5.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €94,633 | €69,012 | -€25,620 | -27.1% |
| Amounts payable after more than one year | 17 | €20,968 | €10,546 | -€10,421 | -49.7% |
| Financial debts | 170/4 | €20,968 | €10,546 | -€10,421 | -49.7% |
| Amounts payable within one year | 42/48 | €69,642 | €58,466 | -€11,176 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €10,297 | €10,421 | +€124 | +1.2% |
| Trade debts | 44 | €6,941 | €6,873 | -€69 | -1.0% |
| Suppliers | 440/4 | €6,941 | €6,873 | -€69 | -1.0% |
| Taxes, remuneration and social security | 45 | €50,971 | €40,350 | -€10,621 | -20.8% |
| Taxes | 450/3 | €34,310 | €33,203 | -€1,107 | -3.2% |
| Remuneration and social security | 454/9 | €16,662 | €7,148 | -€9,514 | -57.1% |
| Other amounts payable | 47/48 | €1,432 | €822 | -€610 | -42.6% |
| Accrued charges and deferred income | 492/3 | €4,023 | €0 | -€4,023 | -100% |
| Remuneration, social security and pensions | 62 | €59,652 | €61,555 | +€1,904 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,922 | €46,044 | +€7,123 | +18.3% |
| Other operating charges | 640/8 | €2,154 | €1,763 | -€391 | -18.1% |
| Gross operating margin | 9900 | €163,696 | €154,674 | -€9,022 | -5.5% |
| Operating profit (loss) | 9901 | €62,969 | €45,311 | -€17,658 | -28.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,627 | €1,409 | -€218 | -13.4% |
| Recurring financial charges | 65 | €1,627 | €1,409 | -€218 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €61,343 | €43,902 | -€17,440 | -28.4% |
| Income taxes | 67/77 | €18,597 | €14,606 | -€3,991 | -21.5% |
| Profit (loss) for the period | 9904 | €42,746 | €29,296 | -€13,449 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,746 | €29,296 | -€13,449 | -31.5% |
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 17 October 2026 via checked.be.