AF: 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.
AF
Largest movements
- Cash +€20,176
up €20,176 (+1036.0%), from €1,947 to €22,124
mainly Receivables within one year (+€19,026) and Net result for the year (+€3,139)
- Receivables within one year -€19,026
down €19,026 (-56.1%), from €33,893 to €14,867
of which Other amounts receivable: -€11,936
- Profit (loss) carried forward +€3,139
new in 2025: €3,139
- Accrued charges and deferred income -€1,290
no longer reported in 2025 (was €1,290)
- Trade debts -€1,125
down €1,125 (-37.3%), from €3,016 to €1,891
- Gross operating margin -€9,434
down €9,434 (-58.5%), from €16,120 to €6,687
- Taxes -€2,976
down €2,976 (-61.9%), from €4,805 to €1,829
- Other operating charges +€469
up €469 (+47.3%), from €991 to €1,459
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 | €36,158 | €37,078 | +€920 | +2.5% |
| Current assets | 29/58 | €36,158 | €37,078 | +€920 | +2.5% |
| Amounts receivable within one year | 40/41 | €33,893 | €14,867 | -€19,026 | -56.1% |
| Trade receivables | 40 | €21,084 | €13,994 | -€7,091 | -33.6% |
| Other amounts receivable | 41 | €12,809 | €873 | -€11,936 | -93.2% |
| Cash at bank and in hand | 54/58 | €1,947 | €22,124 | +€20,176 | +1036.0% |
| Deferred charges and accrued income | 490/1 | €317 | €88 | -€230 | -72.4% |
| Total equity and liabilities | 10/49 | €36,158 | €37,078 | +€920 | +2.5% |
| Equity | 10/15 | €26,931 | €30,070 | +€3,139 | +11.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,931 | €23,931 | = | 0.0% |
| Distributable reserves | 133 | €23,931 | €23,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,139 | +€3,139 | |
| Amounts payable | 17/49 | €9,227 | €7,008 | -€2,218 | -24.0% |
| Amounts payable within one year | 42/48 | €7,937 | €7,008 | -€928 | -11.7% |
| Trade debts | 44 | €3,016 | €1,891 | -€1,125 | -37.3% |
| Suppliers | 440/4 | €3,016 | €1,891 | -€1,125 | -37.3% |
| Taxes, remuneration and social security | 45 | €4,921 | €5,117 | +€196 | +4.0% |
| Taxes | 450/3 | €4,921 | €5,117 | +€196 | +4.0% |
| Accrued charges and deferred income | 492/3 | €1,290 | - | -€1,290 | |
| Other operating charges | 640/8 | €991 | €1,459 | +€469 | +47.3% |
| Gross operating margin | 9900 | €16,120 | €6,687 | -€9,434 | -58.5% |
| Operating profit (loss) | 9901 | €15,130 | €5,228 | -€9,902 | -65.4% |
| Financial income | 75/76B | €550 | €411 | -€140 | -25.4% |
| Recurring financial income | 75 | €550 | €411 | -€140 | -25.4% |
| Financial charges | 65/66B | €795 | €671 | -€124 | -15.6% |
| Recurring financial charges | 65 | €795 | €671 | -€124 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €14,885 | €4,968 | -€9,918 | -66.6% |
| Income taxes | 67/77 | €4,805 | €1,829 | -€2,976 | -61.9% |
| Profit (loss) for the period | 9904 | €10,080 | €3,139 | -€6,941 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,080 | €3,139 | -€6,941 | -68.9% |
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.