A-F CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€9,680
down €9,680 (-28.2%), from €34,371 to €24,691
- Debts after one year -€5,116
down €5,116 (-48.8%), from €10,489 to €5,373
- Profit (loss) carried forward -€3,062
down €3,062 (-4.0%), from €75,763 to €72,700
- Tax, wage and social debts -€1,931
down €1,931 (-97.3%), from €1,985 to €54
- Gross operating margin -€24,895
down €24,895 (-73.3%), from €33,968 to €9,074
- Taxes -€4,084
down €4,084 (-78.6%), from €5,193 to €1,109
- Financial income +€344
up €344 (+84.8%), from €406 to €750
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 | €126,162 | €115,849 | -€10,313 | -8.2% |
| Fixed assets | 21/28 | €35,953 | €26,274 | -€9,680 | -26.9% |
| Tangible fixed assets | 22/27 | €34,371 | €24,691 | -€9,680 | -28.2% |
| Furniture and vehicles | 24 | €34,371 | €24,691 | -€9,680 | -28.2% |
| Financial fixed assets | 28 | €1,583 | €1,583 | = | 0.0% |
| Current assets | 29/58 | €90,209 | €89,576 | -€633 | -0.7% |
| Amounts receivable within one year | 40/41 | €25,649 | €24,458 | -€1,191 | -4.6% |
| Trade receivables | 40 | €13,476 | €9,619 | -€3,857 | -28.6% |
| Other amounts receivable | 41 | €12,173 | €14,838 | +€2,665 | +21.9% |
| Cash at bank and in hand | 54/58 | €63,260 | €63,742 | +€482 | +0.8% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,376 | +€76 | +5.8% |
| Total equity and liabilities | 10/49 | €126,162 | €115,849 | -€10,313 | -8.2% |
| Equity | 10/15 | €103,973 | €100,910 | -€3,062 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,610 | €9,610 | = | 0.0% |
| Distributable reserves | 133 | €9,610 | €9,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,763 | €72,700 | -€3,062 | -4.0% |
| Amounts payable | 17/49 | €22,190 | €14,939 | -€7,251 | -32.7% |
| Amounts payable after more than one year | 17 | €10,489 | €5,373 | -€5,116 | -48.8% |
| Financial debts | 170/4 | €10,489 | €5,373 | -€5,116 | -48.8% |
| Amounts payable within one year | 42/48 | €11,701 | €9,566 | -€2,135 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €6,072 | €6,309 | +€237 | +3.9% |
| Trade debts | 44 | €3,644 | €3,203 | -€441 | -12.1% |
| Suppliers | 440/4 | €3,644 | €3,203 | -€441 | -12.1% |
| Taxes, remuneration and social security | 45 | €1,985 | €54 | -€1,931 | -97.3% |
| Taxes | 450/3 | €1,985 | €54 | -€1,931 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,866 | €9,680 | -€186 | -1.9% |
| Other operating charges | 640/8 | €1,276 | €1,114 | -€162 | -12.7% |
| Gross operating margin | 9900 | €33,968 | €9,074 | -€24,895 | -73.3% |
| Operating profit (loss) | 9901 | €22,826 | -€1,720 | -€24,546 | |
| Financial income | 75/76B | €406 | €750 | +€344 | +84.8% |
| Recurring financial income | 75 | €406 | €750 | +€344 | +84.8% |
| Financial charges | 65/66B | €1,227 | €983 | -€244 | -19.9% |
| Recurring financial charges | 65 | €1,227 | €983 | -€244 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €22,004 | -€1,953 | -€23,957 | |
| Income taxes | 67/77 | €5,193 | €1,109 | -€4,084 | -78.6% |
| Profit (loss) for the period | 9904 | €16,811 | -€3,062 | -€19,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,811 | -€3,062 | -€19,873 |
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 29 October 2026 via checked.be.