AF CAR: 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.
AF CAR
Largest movements
- Stocks and contracts -€19,450
down €19,450 (-32.1%), from €60,616 to €41,166
- Cash -€5,240
down €5,240 (-68.1%), from €7,700 to €2,460
mainly Net result for the year (-€25,645) and Receivables within one year (-€5,024)
- Receivables within one year +€5,024
up €5,024 (+164%), from €3,065 to €8,089
of which Trade receivables: +€6,188
- Deferred charges and accrued income -€962
down €962 (-94.9%), from €1,013 to €51
- Profit (loss) carried forward -€25,645
down €25,645 (-199%), from -€12,919 to -€38,564
- Trade debts +€8,143
up €8,143 (+1,194%), from €682 to €8,825
- Other debts -€1,699
down €1,699 (-2.7%), from €62,850 to €61,152
- Advances received -€1,000
no longer reported in 2025 (was €1,000)
- Gross operating margin +€5,512
up €5,512 (+19.6%), from -€28,183 to -€22,671
- Other operating charges -€340
down €340 (-12.9%), from €2,628 to €2,289
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 | €72,712 | €51,974 | -€20,738 | -28.5% |
| Fixed assets | 21/28 | €318 | €208 | -€110 | -34.6% |
| Tangible fixed assets | 22/27 | €318 | €208 | -€110 | -34.6% |
| Furniture and vehicles | 24 | €318 | €208 | -€110 | -34.6% |
| Current assets | 29/58 | €72,394 | €51,766 | -€20,628 | -28.5% |
| Stocks and contracts in progress | 3 | €60,616 | €41,166 | -€19,450 | -32.1% |
| Stocks | 30/36 | €60,616 | €41,166 | -€19,450 | -32.1% |
| Amounts receivable within one year | 40/41 | €3,065 | €8,089 | +€5,024 | +164% |
| Trade receivables | 40 | - | €6,188 | +€6,188 | |
| Other amounts receivable | 41 | €3,065 | €1,901 | -€1,164 | -38.0% |
| Cash at bank and in hand | 54/58 | €7,700 | €2,460 | -€5,240 | -68.1% |
| Deferred charges and accrued income | 490/1 | €1,013 | €51 | -€962 | -94.9% |
| Total equity and liabilities | 10/49 | €72,712 | €51,974 | -€20,738 | -28.5% |
| Equity | 10/15 | €7,541 | -€18,104 | -€25,645 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,919 | -€38,564 | -€25,645 | -199% |
| Amounts payable | 17/49 | €65,170 | €70,078 | +€4,908 | +7.5% |
| Amounts payable within one year | 42/48 | €65,170 | €70,078 | +€4,908 | +7.5% |
| Trade debts | 44 | €682 | €8,825 | +€8,143 | +1,194% |
| Suppliers | 440/4 | €682 | €8,825 | +€8,143 | +1,194% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €638 | €101 | -€537 | -84.2% |
| Taxes | 450/3 | €101 | €101 | = | 0.0% |
| Remuneration and social security | 454/9 | €537 | - | -€537 | |
| Other amounts payable | 47/48 | €62,850 | €61,152 | -€1,699 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12 | €110 | +€98 | +815% |
| Other operating charges | 640/8 | €2,628 | €2,289 | -€340 | -12.9% |
| Gross operating margin | 9900 | -€28,183 | -€22,671 | +€5,512 | +19.6% |
| Operating profit (loss) | 9901 | -€30,823 | -€25,070 | +€5,754 | +18.7% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €362 | €575 | +€213 | +58.9% |
| Recurring financial charges | 65 | €362 | €575 | +€213 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,183 | -€25,645 | +€5,538 | +17.8% |
| Profit (loss) for the period | 9904 | -€31,183 | -€25,645 | +€5,538 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,183 | -€25,645 | +€5,538 | +17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.