AF CONSTRUCT 97: 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 CONSTRUCT 97
Largest movements
- Receivables within one year +€2,134
up €2,134 (+16.2%), from €13,137 to €15,270
of which Trade receivables: +€3,604
- Tangible fixed assets +€391
up €391 (+8.8%), from €4,436 to €4,827
of which Plant, machinery and equipment: +€1,400
- Contributions +€2,500
new in 2025: €2,500
- Trade debts -€1,912
down €1,912 (-21.3%), from €8,967 to €7,055
- Profit (loss) carried forward +€1,727
up €1,727 (+29.6%), from €5,829 to €7,556
- Tax, wage and social debts +€213
up €213 (+12.3%), from €1,736 to €1,950
- Gross operating margin -€3,085
down €3,085 (-41.5%), from €7,434 to €4,349
- Depreciation +€1,871
up €1,871 (+46,191%), from €4 to €1,875
- Taxes -€1,036
down €1,036 (-69.4%), from €1,493 to €457
- Other operating charges -€400
no longer reported in 2025 (was €400)
- Financial charges +€95
up €95 (+46.0%), from €207 to €302
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 | €17,572 | €20,100 | +€2,528 | +14.4% |
| Fixed assets | 21/28 | €4,436 | €4,827 | +€391 | +8.8% |
| Tangible fixed assets | 22/27 | €4,436 | €4,827 | +€391 | +8.8% |
| Plant, machinery and equipment | 23 | - | €1,400 | +€1,400 | |
| Furniture and vehicles | 24 | €4,436 | €3,427 | -€1,009 | -22.7% |
| Current assets | 29/58 | €13,137 | €15,273 | +€2,136 | +16.3% |
| Amounts receivable within one year | 40/41 | €13,137 | €15,270 | +€2,134 | +16.2% |
| Trade receivables | 40 | €8,974 | €12,578 | +€3,604 | +40.2% |
| Other amounts receivable | 41 | €4,162 | €2,692 | -€1,470 | -35.3% |
| Cash at bank and in hand | 54/58 | €0 | €3 | +€3 | +1,964% |
| Total equity and liabilities | 10/49 | €17,572 | €20,100 | +€2,528 | +14.4% |
| Equity | 10/15 | €5,829 | €10,056 | +€4,227 | +72.5% |
| Contributions | 10/11 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €5,829 | €7,556 | +€1,727 | +29.6% |
| Amounts payable | 17/49 | €11,743 | €10,044 | -€1,699 | -14.5% |
| Amounts payable within one year | 42/48 | €11,743 | €10,044 | -€1,699 | -14.5% |
| Trade debts | 44 | €8,967 | €7,055 | -€1,912 | -21.3% |
| Suppliers | 440/4 | €8,967 | €7,055 | -€1,912 | -21.3% |
| Advances received on contracts in progress | 46 | €1,040 | €1,040 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,736 | €1,950 | +€213 | +12.3% |
| Taxes | 450/3 | €1,736 | €1,950 | +€213 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €1,875 | +€1,871 | +46,191% |
| Other operating charges | 640/8 | €400 | - | -€400 | |
| Gross operating margin | 9900 | €7,434 | €4,349 | -€3,085 | -41.5% |
| Operating profit (loss) | 9901 | €7,030 | €2,474 | -€4,556 | -64.8% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €207 | €302 | +€95 | +46.0% |
| Recurring financial charges | 65 | €207 | €302 | +€95 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €6,823 | €2,184 | -€4,639 | -68.0% |
| Income taxes | 67/77 | €1,493 | €457 | -€1,036 | -69.4% |
| Profit (loss) for the period | 9904 | €5,330 | €1,727 | -€3,603 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,330 | €1,727 | -€3,603 | -67.6% |
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 13 October 2026 via checked.be.