A.F.P. Construct: 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.P. Construct
Largest movements
- Tangible fixed assets +€4,673
up €4,673 (+129%), from €3,609 to €8,282
of which Furniture and vehicles: +€6,700
- Receivables within one year +€4,465
up €4,465 (+8.8%), from €50,555 to €55,020
of which Trade receivables: +€9,071
- Cash +€2,515
up €2,515 (+3.9%), from €65,217 to €67,732
mainly Other debts (+€19,382) and Net result for the year (+€14,716)
- Other debts +€19,382
new in 2025: €19,382
- Profit (loss) carried forward -€13,584
down €13,584 (-22.9%), from €59,212 to €45,628
- Tax, wage and social debts +€4,244
up €4,244 (+122%), from €3,478 to €7,722
of which Taxes: +€6,922
- Trade debts +€2,978
up €2,978 (+627%), from €475 to €3,452
- Reserves -€1,500
down €1,500 (-3.7%), from €40,360 to €38,860
of which Distributable reserves: -€1,500
- Gross operating margin +€2,140
up €2,140 (+9.1%), from €23,482 to €25,622
- Taxes +€1,954
up €1,954 (+39.8%), from €4,906 to €6,860
- Depreciation +€1,518
up €1,518 (+76.7%), from €1,979 to €3,497
- Other operating charges -€709
down €709 (-39.9%), from €1,775 to €1,066
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 | €122,125 | €133,662 | +€11,537 | +9.4% |
| Fixed assets | 21/28 | €3,609 | €8,282 | +€4,673 | +129% |
| Tangible fixed assets | 22/27 | €3,609 | €8,282 | +€4,673 | +129% |
| Plant, machinery and equipment | 23 | €3,609 | €1,582 | -€2,027 | -56.2% |
| Furniture and vehicles | 24 | €0 | €6,700 | +€6,700 | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €118,516 | €125,380 | +€6,864 | +5.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €50,555 | €55,020 | +€4,465 | +8.8% |
| Trade receivables | 40 | €43,929 | €53,000 | +€9,071 | +20.7% |
| Other amounts receivable | 41 | €6,626 | €2,020 | -€4,607 | -69.5% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €65,217 | €67,732 | +€2,515 | +3.9% |
| Deferred charges and accrued income | 490/1 | €2,744 | €2,628 | -€116 | -4.2% |
| Total equity and liabilities | 10/49 | €122,125 | €133,662 | +€11,537 | +9.4% |
| Equity | 10/15 | €118,172 | €103,088 | -€15,084 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,360 | €38,860 | -€1,500 | -3.7% |
| 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 | €38,500 | €37,000 | -€1,500 | -3.9% |
| Profit (loss) carried forward | 14 | €59,212 | €45,628 | -€13,584 | -22.9% |
| Amounts payable | 17/49 | €3,953 | €30,573 | +€26,621 | +673% |
| Amounts payable within one year | 42/48 | €3,953 | €30,556 | +€26,603 | +673% |
| Trade debts | 44 | €475 | €3,452 | +€2,978 | +627% |
| Suppliers | 440/4 | €475 | €3,452 | +€2,978 | +627% |
| Taxes, remuneration and social security | 45 | €3,478 | €7,722 | +€4,244 | +122% |
| Taxes | 450/3 | €800 | €7,722 | +€6,922 | +865% |
| Remuneration and social security | 454/9 | €2,678 | €0 | -€2,678 | -100% |
| Other amounts payable | 47/48 | - | €19,382 | +€19,382 | |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €83 | - | -€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,979 | €3,497 | +€1,518 | +76.7% |
| Other operating charges | 640/8 | €1,775 | €1,066 | -€709 | -39.9% |
| Gross operating margin | 9900 | €23,482 | €25,622 | +€2,140 | +9.1% |
| Operating profit (loss) | 9901 | €19,644 | €21,059 | +€1,415 | +7.2% |
| Financial income | 75/76B | €512 | €556 | +€44 | +8.6% |
| Recurring financial income | 75 | €512 | €556 | +€44 | +8.6% |
| Financial charges | 65/66B | €122 | €39 | -€83 | -67.8% |
| Recurring financial charges | 65 | €122 | €39 | -€83 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €20,034 | €21,576 | +€1,541 | +7.7% |
| Income taxes | 67/77 | €4,906 | €6,860 | +€1,954 | +39.8% |
| Profit (loss) for the period | 9904 | €15,129 | €14,716 | -€412 | -2.7% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €15,129 | €14,716 | -€412 | -2.7% |
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 15 October 2026 via checked.be.