AF CONSULTING: 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 CONSULTING
Largest movements
- Cash -€73,350
down €73,350 (-57.6%), from €127,324 to €53,974
mainly Investment in fixed assets (net) (-€64,550) and Other debts (-€23,189)
- Tangible fixed assets +€57,232
up €57,232 (+293%), from €19,510 to €76,742
of which Land and buildings: +€62,507
- Receivables within one year -€11,841
down €11,841 (-61.9%), from €19,133 to €7,292
of which Trade receivables: -€18,149
- Stocks and contracts +€5,725
up €5,725 (+100%), from €5,699 to €11,424
- Profit (loss) carried forward +€29,985
up €29,985 (+105%), from €28,517 to €58,501
- Other debts -€23,189
down €23,189 (-65.9%), from €35,189 to €12,000
- Debts after one year -€19,125
down €19,125 (-63.3%), from €30,223 to €11,097
- Trade debts -€17,832
down €17,832 (-47.2%), from €37,794 to €19,962
- Current portion of long-term debt +€7,972
up €7,972 (+448%), from €1,779 to €9,751
- Gross operating margin +€52,639
up €52,639 (+1,260%), from €4,176 to €56,816
- Taxes +€8,774
up €8,774 (+716%), from €1,226 to €10,000
- Write-downs +€7,800
new in 2025: €7,800
- Depreciation +€2,414
up €2,414 (+45.1%), from €5,354 to €7,768
- Financial income +€729
up €729 (+249%), from €293 to €1,022
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 | €172,728 | €150,045 | -€22,684 | -13.1% |
| Fixed assets | 21/28 | €20,560 | €77,342 | +€56,782 | +276% |
| Tangible fixed assets | 22/27 | €19,510 | €76,742 | +€57,232 | +293% |
| Land and buildings | 22 | - | €62,507 | +€62,507 | |
| Plant, machinery and equipment | 23 | €878 | €244 | -€633 | -72.1% |
| Furniture and vehicles | 24 | €18,632 | €13,991 | -€4,641 | -24.9% |
| Financial fixed assets | 28 | €1,050 | €600 | -€450 | -42.9% |
| Current assets | 29/58 | €152,169 | €72,703 | -€79,466 | -52.2% |
| Stocks and contracts in progress | 3 | €5,699 | €11,424 | +€5,725 | +100% |
| Stocks | 30/36 | €5,699 | €11,424 | +€5,725 | +100% |
| Amounts receivable within one year | 40/41 | €19,133 | €7,292 | -€11,841 | -61.9% |
| Trade receivables | 40 | €19,133 | €985 | -€18,149 | -94.9% |
| Other amounts receivable | 41 | - | €6,308 | +€6,308 | |
| Cash at bank and in hand | 54/58 | €127,324 | €53,974 | -€73,350 | -57.6% |
| Deferred charges and accrued income | 490/1 | €13 | €13 | = | 0.0% |
| Total equity and liabilities | 10/49 | €172,728 | €150,045 | -€22,684 | -13.1% |
| Equity | 10/15 | €57,117 | €87,101 | +€29,985 | +52.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,517 | €58,501 | +€29,985 | +105% |
| Amounts payable | 17/49 | €115,612 | €62,944 | -€52,668 | -45.6% |
| Amounts payable after more than one year | 17 | €30,223 | €11,097 | -€19,125 | -63.3% |
| Financial debts | 170/4 | €30,223 | €11,097 | -€19,125 | -63.3% |
| Amounts payable within one year | 42/48 | €82,831 | €51,846 | -€30,985 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €1,779 | €9,751 | +€7,972 | +448% |
| Financial debts | 43 | - | €1,784 | +€1,784 | |
| Credit institutions | 430/8 | - | €1,784 | +€1,784 | |
| Trade debts | 44 | €37,794 | €19,962 | -€17,832 | -47.2% |
| Suppliers | 440/4 | €37,794 | €19,962 | -€17,832 | -47.2% |
| Taxes, remuneration and social security | 45 | €8,069 | €8,349 | +€280 | +3.5% |
| Taxes | 450/3 | €7,889 | €8,267 | +€378 | +4.8% |
| Remuneration and social security | 454/9 | €181 | €82 | -€98 | -54.4% |
| Other amounts payable | 47/48 | €35,189 | €12,000 | -€23,189 | -65.9% |
| Accrued charges and deferred income | 492/3 | €2,558 | - | -€2,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,354 | €7,768 | +€2,414 | +45.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,800 | +€7,800 | |
| Other operating charges | 640/8 | €59 | - | -€59 | |
| Gross operating margin | 9900 | €4,176 | €56,816 | +€52,639 | +1,260% |
| Operating profit (loss) | 9901 | -€1,236 | €41,248 | +€42,484 | |
| Financial income | 75/76B | €293 | €1,022 | +€729 | +249% |
| Recurring financial income | 75 | €293 | €1,022 | +€729 | +249% |
| Financial charges | 65/66B | €1,654 | €2,285 | +€631 | +38.1% |
| Recurring financial charges | 65 | €1,654 | €2,285 | +€631 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,598 | €39,985 | +€42,582 | |
| Income taxes | 67/77 | €1,226 | €10,000 | +€8,774 | +716% |
| Profit (loss) for the period | 9904 | -€3,823 | €29,985 | +€33,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,823 | €29,985 | +€33,808 |
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 17 October 2026 via checked.be.