A.F.U.: 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.U.
Largest movements
- Tangible fixed assets -€7,698
down €7,698 (-14.7%), from €52,403 to €44,706
of which Furniture and vehicles: -€13,157
- Deferred charges and accrued income +€3,348
up €3,348 (+265%), from €1,265 to €4,613
- Debts after one year -€36,460
down €36,460 (-49.5%), from €73,664 to €37,205
- Other debts +€27,164
up €27,164 (+184%), from €14,794 to €41,959
- Tax, wage and social debts +€15,326
up €15,326 (+85.3%), from €17,958 to €33,284
of which Taxes: +€13,326
- Profit (loss) carried forward -€10,628
down €10,628 (-59.9%), from €17,757 to €7,129
- Trade debts +€3,173
up €3,173 (+379%), from €838 to €4,011
- Gross operating margin +€44,492
up €44,492 (+161%), from €27,614 to €72,105
- Taxes +€9,697
up €9,697 (+608%), from €1,595 to €11,291
- Depreciation +€1,680
up €1,680 (+10.8%), from €15,594 to €17,274
- Staff costs -€1,045
down €1,045, from €1,024 to -€20
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 | €166,045 | €162,747 | -€3,297 | -2.0% |
| Fixed assets | 21/28 | €55,821 | €47,023 | -€8,798 | -15.8% |
| Intangible fixed assets | 21 | €3,418 | €2,318 | -€1,100 | -32.2% |
| Tangible fixed assets | 22/27 | €52,403 | €44,706 | -€7,698 | -14.7% |
| Furniture and vehicles | 24 | €52,403 | €39,246 | -€13,157 | -25.1% |
| Other tangible fixed assets | 26 | - | €5,459 | +€5,459 | |
| Current assets | 29/58 | €110,224 | €115,724 | +€5,500 | +5.0% |
| Amounts receivable within one year | 40/41 | €67,749 | €68,436 | +€686 | +1.0% |
| Trade receivables | 40 | €67,669 | €61,120 | -€6,549 | -9.7% |
| Other amounts receivable | 41 | €80 | €7,316 | +€7,236 | +9,022% |
| Cash at bank and in hand | 54/58 | €41,209 | €42,675 | +€1,466 | +3.6% |
| Deferred charges and accrued income | 490/1 | €1,265 | €4,613 | +€3,348 | +265% |
| Total equity and liabilities | 10/49 | €166,045 | €162,747 | -€3,297 | -2.0% |
| Equity | 10/15 | €20,457 | €9,829 | -€10,628 | -52.0% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,757 | €7,129 | -€10,628 | -59.9% |
| Amounts payable | 17/49 | €145,587 | €152,918 | +€7,330 | +5.0% |
| Amounts payable after more than one year | 17 | €73,664 | €37,205 | -€36,460 | -49.5% |
| Financial debts | 170/4 | €73,664 | €37,205 | -€36,460 | -49.5% |
| Amounts payable within one year | 42/48 | €71,923 | €115,713 | +€43,790 | +60.9% |
| Current portion of amounts payable after more than one year | 42 | €38,333 | €36,460 | -€1,874 | -4.9% |
| Trade debts | 44 | €838 | €4,011 | +€3,173 | +379% |
| Suppliers | 440/4 | €838 | €4,011 | +€3,173 | +379% |
| Taxes, remuneration and social security | 45 | €17,958 | €33,284 | +€15,326 | +85.3% |
| Taxes | 450/3 | €17,958 | €31,284 | +€13,326 | +74.2% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €14,794 | €41,959 | +€27,164 | +184% |
| Remuneration, social security and pensions | 62 | €1,024 | -€20 | -€1,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,594 | €17,274 | +€1,680 | +10.8% |
| Other operating charges | 640/8 | €923 | €697 | -€226 | -24.5% |
| Non-recurring operating charges | 66A | €3,853 | - | -€3,853 | |
| Gross operating margin | 9900 | €27,614 | €72,105 | +€44,492 | +161% |
| Operating profit (loss) | 9901 | €6,219 | €54,154 | +€47,935 | +771% |
| Financial income | 75/76B | - | €203 | +€203 | |
| Recurring financial income | 75 | - | €203 | +€203 | |
| Financial charges | 65/66B | €3,255 | €3,443 | +€188 | +5.8% |
| Recurring financial charges | 65 | €3,255 | €3,443 | +€188 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €2,964 | €50,913 | +€47,949 | +1,618% |
| Income taxes | 67/77 | €1,595 | €11,291 | +€9,697 | +608% |
| Profit (loss) for the period | 9904 | €1,369 | €39,622 | +€38,253 | +2,794% |
| Profit (loss) for the period to be appropriated | 9905 | €1,369 | €39,622 | +€38,253 | +2,794% |
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.