A.F.S. 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.S. CONSTRUCT
Largest movements
- Cash +€80,671
up €80,671 (+93.4%), from €86,388 to €167,059
mainly Net result for the year (+€101,808) and Other debts (+€58,000)
- Receivables within one year +€37,078
up €37,078 (+86.6%), from €42,824 to €79,901
of which Trade receivables: +€24,570
- Other debts +€58,000
up €58,000 (+552%), from €10,500 to €68,500
- Profit (loss) carried forward +€21,808
up €21,808 (+35.4%), from €61,518 to €83,326
- Advances received +€17,280
new in 2024: €17,280
- Tax, wage and social debts +€16,736
up €16,736 (+108%), from €15,482 to €32,218
of which Taxes: +€10,687
- Trade debts +€8,324
up €8,324 (+81.5%), from €10,208 to €18,532
- Gross operating margin +€44,269
up €44,269 (+56.9%), from €77,752 to €122,021
- Staff costs -€16,285
down €16,285 (-48.9%), from €33,278 to €16,994
- Depreciation -€8,333
down €8,333 (-79.2%), from €10,526 to €2,193
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 | €135,985 | €251,540 | +€115,556 | +85.0% |
| Fixed assets | 21/28 | €6,774 | €4,581 | -€2,193 | -32.4% |
| Tangible fixed assets | 22/27 | €6,774 | €4,581 | -€2,193 | -32.4% |
| Furniture and vehicles | 24 | €6,774 | €4,581 | -€2,193 | -32.4% |
| Current assets | 29/58 | €129,211 | €246,960 | +€117,749 | +91.1% |
| Amounts receivable within one year | 40/41 | €42,824 | €79,901 | +€37,078 | +86.6% |
| Trade receivables | 40 | €25,277 | €49,847 | +€24,570 | +97.2% |
| Other amounts receivable | 41 | €17,547 | €30,054 | +€12,508 | +71.3% |
| Cash at bank and in hand | 54/58 | €86,388 | €167,059 | +€80,671 | +93.4% |
| Total equity and liabilities | 10/49 | €135,985 | €251,540 | +€115,556 | +85.0% |
| Equity | 10/15 | €69,573 | €91,381 | +€21,808 | +31.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,518 | €83,326 | +€21,808 | +35.4% |
| Amounts payable | 17/49 | €66,412 | €160,160 | +€93,748 | +141% |
| Amounts payable within one year | 42/48 | €44,287 | €138,035 | +€93,748 | +212% |
| Current portion of amounts payable after more than one year | 42 | €8,097 | €1,505 | -€6,592 | -81.4% |
| Trade debts | 44 | €10,208 | €18,532 | +€8,324 | +81.5% |
| Suppliers | 440/4 | €10,208 | €18,532 | +€8,324 | +81.5% |
| Advances received on contracts in progress | 46 | - | €17,280 | +€17,280 | |
| Taxes, remuneration and social security | 45 | €15,482 | €32,218 | +€16,736 | +108% |
| Taxes | 450/3 | €10,542 | €21,230 | +€10,687 | +101% |
| Remuneration and social security | 454/9 | €4,940 | €10,988 | +€6,049 | +122% |
| Other amounts payable | 47/48 | €10,500 | €68,500 | +€58,000 | +552% |
| Accrued charges and deferred income | 492/3 | €22,125 | €22,125 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €33,278 | €16,994 | -€16,285 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,526 | €2,193 | -€8,333 | -79.2% |
| Other operating charges | 640/8 | €1,304 | €829 | -€475 | -36.4% |
| Gross operating margin | 9900 | €77,752 | €122,021 | +€44,269 | +56.9% |
| Operating profit (loss) | 9901 | €32,643 | €102,005 | +€69,362 | +212% |
| Financial charges | 65/66B | €385 | €72 | -€313 | -81.2% |
| Recurring financial charges | 65 | €385 | €72 | -€313 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €32,258 | €101,933 | +€69,675 | +216% |
| Income taxes | 67/77 | €50 | €125 | +€75 | +150% |
| Profit (loss) for the period | 9904 | €32,208 | €101,808 | +€69,600 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €32,208 | €101,808 | +€69,600 | +216% |
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 17 October 2026 via checked.be.