AAFAAQ: what changed
Two fiscal 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.
AAFAAQ
Largest movements
- Intangible fixed assets -€1,800
no longer reported in 2024 (was €1,800)
- Receivables within one year -€1,461
no longer reported in 2024 (was €1,461)
- Cash +€932
up €932 (+375.6%), from €248 to €1,180
mainly Other debts (+€19,148) and Depreciation (+€1,800)
- Other debts +€19,148
up €19,148 (+1884.6%), from €1,016 to €20,164
- Profit (loss) carried forward -€14,150
down €14,150 (-63.2%), from -€22,392 to -€36,542
- Tax, wage and social debts -€8,108
down €8,108 (-36.1%), from €22,478 to €14,370
of which Taxes: -€4,748
- Trade debts +€788
up €788 (+196.5%), from €401 to €1,188
- Turnover -€46,662
down €46,662 (-40.6%), from €115,016 to €68,355
- Gross operating margin -€33,806
down €33,806 (-76.1%), from €44,401 to €10,595
- Staff costs -€25,285
down €25,285 (-52.7%), from €47,962 to €22,677
- Purchases and services -€13,222
down €13,222 (-18.6%), from €70,982 to €57,760
- Other operating charges -€5,404
down €5,404 (-99.3%), from €5,442 to €38
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.
Cash bridge derived
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 | €3,509 | €1,180 | -€2,329 | -66.4% |
| Fixed assets | 21/28 | €1,800 | - | -€1,800 | |
| Intangible fixed assets | 21 | €1,800 | - | -€1,800 | |
| Current assets | 29/58 | €1,709 | €1,180 | -€529 | -30.9% |
| Amounts receivable within one year | 40/41 | €1,461 | - | -€1,461 | |
| Trade receivables | 40 | €1,461 | - | -€1,461 | |
| Cash at bank and in hand | 54/58 | €248 | €1,180 | +€932 | +375.6% |
| Total equity and liabilities | 10/49 | €3,509 | €1,180 | -€2,329 | -66.4% |
| Equity | 10/15 | -€20,392 | -€34,542 | -€14,150 | -69.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,392 | -€36,542 | -€14,150 | -63.2% |
| Amounts payable | 17/49 | €23,901 | €35,722 | +€11,822 | +49.5% |
| Amounts payable within one year | 42/48 | €23,901 | €35,722 | +€11,822 | +49.5% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €401 | €1,188 | +€788 | +196.5% |
| Suppliers | 440/4 | €401 | €1,188 | +€788 | +196.5% |
| Taxes, remuneration and social security | 45 | €22,478 | €14,370 | -€8,108 | -36.1% |
| Taxes | 450/3 | €8,582 | €3,833 | -€4,748 | -55.3% |
| Remuneration and social security | 454/9 | €13,897 | €10,537 | -€3,360 | -24.2% |
| Other amounts payable | 47/48 | €1,016 | €20,164 | +€19,148 | +1884.6% |
| Turnover | 70 | €115,016 | €68,355 | -€46,662 | -40.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €70,982 | €57,760 | -€13,222 | -18.6% |
| Remuneration, social security and pensions | 62 | €47,962 | €22,677 | -€25,285 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800 | €1,800 | = | 0.0% |
| Other operating charges | 640/8 | €5,442 | €38 | -€5,404 | -99.3% |
| Gross operating margin | 9900 | €44,401 | €10,595 | -€33,806 | -76.1% |
| Operating profit (loss) | 9901 | -€10,804 | -€13,920 | -€3,116 | -28.8% |
| Financial charges | 65/66B | €208 | €230 | +€22 | +10.6% |
| Recurring financial charges | 65 | €208 | €230 | +€22 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,012 | -€14,150 | -€3,138 | -28.5% |
| Profit (loss) for the period | 9904 | -€11,012 | -€14,150 | -€3,138 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,012 | -€14,150 | -€3,138 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.