A+FM CONSULT: 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+FM CONSULT
Largest movements
- Cash +€65,613
up €65,613 (+981%), from €6,688 to €72,302
mainly Net result for the year (+€38,917) and Debts after one year (+€31,880)
- Tangible fixed assets -€8,830
down €8,830 (-16.7%), from €53,010 to €44,180
of which Furniture and vehicles: -€4,855
- Receivables within one year +€8,612
up €8,612 (+60.4%), from €14,252 to €22,863
of which Trade receivables: +€4,652
- Debts after one year +€31,880
up €31,880 (+147%), from €21,702 to €53,582
of which Other amounts payable: +€35,359
- Trade debts -€27,329
down €27,329 (-71.9%), from €38,029 to €10,700
- Reserves +€25,000
up €25,000 (+1,406%), from €1,778 to €26,778
of which Distributable reserves: +€25,000
- Tax, wage and social debts +€21,794
up €21,794 (+4,094%), from €532 to €22,326
- Profit (loss) carried forward +€13,917
up €13,917, from -€8,869 to €5,048
- Gross operating margin +€38,872
up €38,872 (+123%), from €31,483 to €70,355
- Taxes +€13,998
up €13,998 (+253%), from €5,532 to €19,531
- Write-downs -€1,306
no longer reported in 2025 (was €1,306)
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 | €75,853 | €140,531 | +€64,677 | +85.3% |
| Fixed assets | 21/28 | €54,196 | €45,366 | -€8,830 | -16.3% |
| Tangible fixed assets | 22/27 | €53,010 | €44,180 | -€8,830 | -16.7% |
| Furniture and vehicles | 24 | €14,346 | €9,491 | -€4,855 | -33.8% |
| Other tangible fixed assets | 26 | €38,665 | €34,689 | -€3,976 | -10.3% |
| Financial fixed assets | 28 | €1,186 | €1,186 | = | 0.0% |
| Current assets | 29/58 | €21,657 | €95,165 | +€73,508 | +339% |
| Amounts receivable within one year | 40/41 | €14,252 | €22,863 | +€8,612 | +60.4% |
| Trade receivables | 40 | €10,711 | €15,362 | +€4,652 | +43.4% |
| Other amounts receivable | 41 | €3,541 | €7,501 | +€3,960 | +112% |
| Cash at bank and in hand | 54/58 | €6,688 | €72,302 | +€65,613 | +981% |
| Deferred charges and accrued income | 490/1 | €717 | - | -€717 | |
| Total equity and liabilities | 10/49 | €75,853 | €140,531 | +€64,677 | +85.3% |
| Equity | 10/15 | €11,501 | €50,419 | +€38,917 | +338% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,778 | €26,778 | +€25,000 | +1,406% |
| Non-distributable reserves | 130/1 | €1,778 | €1,778 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,778 | €1,778 | = | 0.0% |
| Distributable reserves | 133 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | -€8,869 | €5,048 | +€13,917 | |
| Amounts payable | 17/49 | €64,352 | €90,112 | +€25,760 | +40.0% |
| Amounts payable after more than one year | 17 | €21,702 | €53,582 | +€31,880 | +147% |
| Financial debts | 170/4 | €3,479 | - | -€3,479 | |
| Other amounts payable | 178/9 | €18,223 | €53,582 | +€35,359 | +194% |
| Amounts payable within one year | 42/48 | €42,650 | €36,505 | -€6,145 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €3,332 | €3,479 | +€147 | +4.4% |
| Trade debts | 44 | €38,029 | €10,700 | -€27,329 | -71.9% |
| Suppliers | 440/4 | €38,029 | €10,700 | -€27,329 | -71.9% |
| Taxes, remuneration and social security | 45 | €532 | €22,326 | +€21,794 | +4,094% |
| Taxes | 450/3 | €532 | €22,326 | +€21,794 | +4,094% |
| Other amounts payable | 47/48 | €757 | - | -€757 | |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,007 | €8,830 | -€177 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,306 | - | -€1,306 | |
| Other operating charges | 640/8 | €1,947 | €2,261 | +€314 | +16.1% |
| Gross operating margin | 9900 | €31,483 | €70,355 | +€38,872 | +123% |
| Operating profit (loss) | 9901 | €19,223 | €59,264 | +€40,041 | +208% |
| Financial charges | 65/66B | €523 | €816 | +€293 | +55.9% |
| Recurring financial charges | 65 | €523 | €816 | +€293 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €18,700 | €58,448 | +€39,748 | +213% |
| Income taxes | 67/77 | €5,532 | €19,531 | +€13,998 | +253% |
| Profit (loss) for the period | 9904 | €13,168 | €38,917 | +€25,750 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €13,168 | €38,917 | +€25,750 | +196% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.