AAFINLO: 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.
AAFINLO
Largest movements
- Cash +€48,604
up €48,604 (+14.0%), from €346,169 to €394,773
mainly Net result for the year (+€131,813) and Receivables within one year (+€29,335)
- Receivables within one year -€29,335
down €29,335 (-8.1%), from €362,630 to €333,295
of which Trade receivables: -€81,104
- Deferred charges and accrued income -€8,489
down €8,489 (-67.9%), from €12,498 to €4,009
- Reserves +€75,114
up €75,114 (+14.0%), from €538,281 to €613,395
of which Distributable reserves: +€75,114
- Trade debts -€43,351
down €43,351 (-35.9%), from €120,867 to €77,516
- Tax, wage and social debts -€15,222
down €15,222 (-49.4%), from €30,788 to €15,566
- Gross operating margin -€6,927
down €6,927 (-3.6%), from €192,733 to €185,806
- Other operating charges -€2,100
down €2,100 (-61.4%), from €3,422 to €1,322
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.
Cash bridge derived
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 | €721,297 | €734,224 | +€12,927 | +1.8% |
| Fixed assets | 21/28 | €0 | €2,148 | +€2,148 | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | €2,148 | +€2,148 | |
| Plant, machinery and equipment | 23 | - | €2,148 | +€2,148 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €721,297 | €732,076 | +€10,779 | +1.5% |
| Amounts receivable within one year | 40/41 | €362,630 | €333,295 | -€29,335 | -8.1% |
| Trade receivables | 40 | €198,428 | €117,324 | -€81,104 | -40.9% |
| Other amounts receivable | 41 | €164,202 | €215,970 | +€51,768 | +31.5% |
| Cash at bank and in hand | 54/58 | €346,169 | €394,773 | +€48,604 | +14.0% |
| Deferred charges and accrued income | 490/1 | €12,498 | €4,009 | -€8,489 | -67.9% |
| Total equity and liabilities | 10/49 | €721,297 | €734,224 | +€12,927 | +1.8% |
| Equity | 10/15 | €550,681 | €625,795 | +€75,114 | +13.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €538,281 | €613,395 | +€75,114 | +14.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €538,281 | €613,395 | +€75,114 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,616 | €108,429 | -€62,187 | -36.4% |
| Amounts payable within one year | 42/48 | €164,072 | €105,829 | -€58,243 | -35.5% |
| Trade debts | 44 | €120,867 | €77,516 | -€43,351 | -35.9% |
| Suppliers | 440/4 | €120,867 | €77,516 | -€43,351 | -35.9% |
| Advances received on contracts in progress | 46 | €162 | €162 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €30,788 | €15,566 | -€15,222 | -49.4% |
| Taxes | 450/3 | €30,788 | €15,566 | -€15,222 | -49.4% |
| Other amounts payable | 47/48 | €12,255 | €12,585 | +€330 | +2.7% |
| Accrued charges and deferred income | 492/3 | €6,543 | €2,600 | -€3,944 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €834 | €177 | -€657 | -78.7% |
| Other operating charges | 640/8 | €3,422 | €1,322 | -€2,100 | -61.4% |
| Gross operating margin | 9900 | €192,733 | €185,806 | -€6,927 | -3.6% |
| Operating profit (loss) | 9901 | €188,478 | €184,307 | -€4,170 | -2.2% |
| Financial income | 75/76B | €2,084 | €3,776 | +€1,692 | +81.2% |
| Recurring financial income | 75 | €2,084 | €3,776 | +€1,692 | +81.2% |
| Financial charges | 65/66B | €330 | €88 | -€242 | -73.4% |
| Recurring financial charges | 65 | €330 | €88 | -€242 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €190,231 | €187,995 | -€2,236 | -1.2% |
| Income taxes | 67/77 | €57,338 | €56,182 | -€1,156 | -2.0% |
| Profit (loss) for the period | 9904 | €132,894 | €131,813 | -€1,081 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €132,894 | €131,813 | -€1,081 | -0.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.