A.F.D.G: 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.D.G
Largest movements
- Cash -€75,561
down €75,561 (-68.7%), from €109,943 to €34,381
mainly Net result for the year (-€66,455) and Trade debts (-€33,700)
- Stocks and contracts -€22,416
down €22,416 (-41.0%), from €54,659 to €32,242
- Tangible fixed assets -€3,726
down €3,726 (-43.1%), from €8,652 to €4,926
of which Other tangible fixed assets: -€3,856
- Profit (loss) carried forward -€66,455
down €66,455 (-88.7%), from €74,918 to €8,463
- Trade debts -€33,700
down €33,700 (-83.5%), from €40,355 to €6,655
- Tax, wage and social debts -€10,610
down €10,610 (-38.4%), from €27,656 to €17,046
of which Taxes: -€10,721
- Other debts +€7,978
up €7,978 (+552%), from €1,445 to €9,424
- Gross operating margin -€105,102
down €105,102, from €81,315 to -€23,788
- Staff costs -€20,693
down €20,693 (-37.8%), from €54,701 to €34,009
- Taxes -€7,107
down €7,107 (-100%), from €7,107 to €0
- Other operating charges +€3,056
up €3,056 (+377%), from €811 to €3,867
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,566 | €83,774 | -€102,792 | -55.1% |
| Formation expenses | 20 | €1,480 | €1,180 | -€299 | -20.2% |
| Fixed assets | 21/28 | €11,242 | €6,086 | -€5,156 | -45.9% |
| Intangible fixed assets | 21 | €1,430 | - | -€1,430 | |
| Tangible fixed assets | 22/27 | €8,652 | €4,926 | -€3,726 | -43.1% |
| Plant, machinery and equipment | 23 | €900 | €1,180 | +€279 | +31.0% |
| Furniture and vehicles | 24 | €2,339 | €2,189 | -€150 | -6.4% |
| Other tangible fixed assets | 26 | €5,413 | €1,557 | -€3,856 | -71.2% |
| Financial fixed assets | 28 | €1,160 | €1,160 | = | 0.0% |
| Current assets | 29/58 | €173,844 | €76,508 | -€97,336 | -56.0% |
| Stocks and contracts in progress | 3 | €54,659 | €32,242 | -€22,416 | -41.0% |
| Stocks | 30/36 | €54,659 | €32,242 | -€22,416 | -41.0% |
| Amounts receivable within one year | 40/41 | €7,170 | €8,235 | +€1,065 | +14.8% |
| Trade receivables | 40 | €5,852 | €1,212 | -€4,640 | -79.3% |
| Other amounts receivable | 41 | €1,318 | €7,023 | +€5,704 | +433% |
| Cash at bank and in hand | 54/58 | €109,943 | €34,381 | -€75,561 | -68.7% |
| Deferred charges and accrued income | 490/1 | €2,072 | €1,649 | -€423 | -20.4% |
| Total equity and liabilities | 10/49 | €186,566 | €83,774 | -€102,792 | -55.1% |
| Equity | 10/15 | €112,978 | €46,523 | -€66,455 | -58.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,918 | €8,463 | -€66,455 | -88.7% |
| Amounts payable | 17/49 | €73,588 | €37,250 | -€36,337 | -49.4% |
| Amounts payable within one year | 42/48 | €73,588 | €37,250 | -€36,337 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €4,131 | €4,126 | -€6 | -0.1% |
| Trade debts | 44 | €40,355 | €6,655 | -€33,700 | -83.5% |
| Suppliers | 440/4 | €40,355 | €6,655 | -€33,700 | -83.5% |
| Taxes, remuneration and social security | 45 | €27,656 | €17,046 | -€10,610 | -38.4% |
| Taxes | 450/3 | €22,919 | €12,198 | -€10,721 | -46.8% |
| Remuneration and social security | 454/9 | €4,738 | €4,849 | +€111 | +2.3% |
| Other amounts payable | 47/48 | €1,445 | €9,424 | +€7,978 | +552% |
| Remuneration, social security and pensions | 62 | €54,701 | €34,009 | -€20,693 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,011 | €2,629 | -€382 | -12.7% |
| Other operating charges | 640/8 | €811 | €3,867 | +€3,056 | +377% |
| Non-recurring operating charges | 66A | - | €1,430 | +€1,430 | |
| Gross operating margin | 9900 | €81,315 | -€23,788 | -€105,102 | |
| Operating profit (loss) | 9901 | €22,790 | -€65,723 | -€88,513 | |
| Financial income | 75/76B | €96 | €82 | -€14 | -14.8% |
| Recurring financial income | 75 | €96 | €82 | -€14 | -14.8% |
| Financial charges | 65/66B | €1,268 | €813 | -€455 | -35.9% |
| Recurring financial charges | 65 | €1,268 | €813 | -€455 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €21,618 | -€66,455 | -€88,073 | |
| Income taxes | 67/77 | €7,107 | €0 | -€7,107 | -100% |
| Profit (loss) for the period | 9904 | €14,511 | -€66,455 | -€80,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,511 | -€66,455 | -€80,966 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.