AARFA: 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.
AARFA
Largest movements
- Receivables within one year +€2,352
new in 2024: €2,352
of which Trade receivables: +€1,644
- Cash +€2,180
up €2,180 (+632%), from €345 to €2,525
mainly Other debts (+€29,385) and Tax, wage and social debts (+€14,529)
- Tangible fixed assets -€2,000
down €2,000 (-31.4%), from €6,371 to €4,371
of which Furniture and vehicles: -€6,371
- Profit (loss) carried forward -€37,534
down €37,534 (-249%), from -€15,067 to -€52,601
- Other debts +€29,385
up €29,385 (+396%), from €7,416 to €36,801
- Tax, wage and social debts +€14,529
up €14,529 (+429%), from €3,385 to €17,914
of which Remuneration and social security: +€13,869
- Trade debts -€3,918
down €3,918 (-77.6%), from €5,052 to €1,134
- Staff costs +€15,397
up €15,397 (+593%), from €2,597 to €17,994
- Gross operating margin -€1,870
down €1,870 (-17.3%), from -€10,791 to -€12,661
- Other operating charges -€654
down €654 (-62.6%), from €1,044 to €390
- Depreciation -€340
down €340 (-54.1%), from €629 to €289
- Provisions -€230
new in 2024: -€230
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 | €6,786 | €9,248 | +€2,462 | +36.3% |
| Fixed assets | 21/28 | €6,371 | €4,371 | -€2,000 | -31.4% |
| Tangible fixed assets | 22/27 | €6,371 | €4,371 | -€2,000 | -31.4% |
| Plant, machinery and equipment | 23 | - | €4,371 | +€4,371 | |
| Furniture and vehicles | 24 | €6,371 | - | -€6,371 | |
| Current assets | 29/58 | €415 | €4,877 | +€4,462 | +1,075% |
| Amounts receivable within one year | 40/41 | - | €2,352 | +€2,352 | |
| Trade receivables | 40 | - | €1,644 | +€1,644 | |
| Other amounts receivable | 41 | - | €708 | +€708 | |
| Cash at bank and in hand | 54/58 | €345 | €2,525 | +€2,180 | +632% |
| Deferred charges and accrued income | 490/1 | €70 | - | -€70 | |
| Total equity and liabilities | 10/49 | €6,786 | €9,248 | +€2,462 | +36.3% |
| Equity | 10/15 | -€9,067 | -€46,601 | -€37,534 | -414% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,067 | -€52,601 | -€37,534 | -249% |
| Amounts payable | 17/49 | €15,853 | €55,849 | +€39,996 | +252% |
| Amounts payable within one year | 42/48 | €15,853 | €55,849 | +€39,996 | +252% |
| Trade debts | 44 | €5,052 | €1,134 | -€3,918 | -77.6% |
| Suppliers | 440/4 | €5,052 | €1,134 | -€3,918 | -77.6% |
| Taxes, remuneration and social security | 45 | €3,385 | €17,914 | +€14,529 | +429% |
| Taxes | 450/3 | €972 | €1,632 | +€660 | +67.9% |
| Remuneration and social security | 454/9 | €2,413 | €16,282 | +€13,869 | +575% |
| Other amounts payable | 47/48 | €7,416 | €36,801 | +€29,385 | +396% |
| Remuneration, social security and pensions | 62 | €2,597 | €17,994 | +€15,397 | +593% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €629 | €289 | -€340 | -54.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€230 | -€230 | |
| Other operating charges | 640/8 | €1,044 | €390 | -€654 | -62.6% |
| Non-recurring operating charges | 66A | - | €6,371 | +€6,371 | |
| Gross operating margin | 9900 | -€10,791 | -€12,661 | -€1,870 | -17.3% |
| Operating profit (loss) | 9901 | -€15,061 | -€37,475 | -€22,414 | -149% |
| Financial charges | 65/66B | €6 | €59 | +€53 | +883% |
| Recurring financial charges | 65 | €6 | €59 | +€53 | +883% |
| Profit (loss) for the period before taxes | 9903 | -€15,067 | -€37,534 | -€22,467 | -149% |
| Profit (loss) for the period | 9904 | -€15,067 | -€37,534 | -€22,467 | -149% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,067 | -€37,534 | -€22,467 | -149% |
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 14 October 2026 via checked.be.