AF-Estate: 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-Estate
Largest movements
- Receivables within one year +€6,690
up €6,690 (+3,639%), from €184 to €6,874
of which Trade receivables: +€4,837
- Cash +€3,065
up €3,065 (+60.0%), from €5,108 to €8,173
mainly Accrued charges and deferred income (+€5,000) and Depreciation (+€1,995)
- Deferred charges and accrued income -€1,632
no longer reported in 2025 (was €1,632)
- Tangible fixed assets -€1,431
down €1,431 (-66.4%), from €2,155 to €724
- Accrued charges and deferred income +€5,000
new in 2025: €5,000
- Tax, wage and social debts +€1,942
up €1,942 (+305%), from €637 to €2,579
of which Remuneration and social security: +€1,771
- Other debts -€556
no longer reported in 2025 (was €556)
- Trade debts +€199
up €199 (+43.1%), from €460 to €659
- Gross operating margin +€2,013
up €2,013 (+200%), from €1,006 to €3,018
- Other operating charges +€743
up €743 (+1,487%), from €50 to €793
- Taxes -€650
no longer reported in 2025 (was €650)
- Depreciation +€82
up €82 (+4.3%), from €1,913 to €1,995
- Financial charges +€69
up €69 (+136%), from €51 to €120
of which Financial charges: +€69
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 | €9,303 | €15,996 | +€6,693 | +71.9% |
| Fixed assets | 21/28 | €2,380 | €949 | -€1,431 | -60.1% |
| Tangible fixed assets | 22/27 | €2,155 | €724 | -€1,431 | -66.4% |
| Furniture and vehicles | 24 | €2,155 | €724 | -€1,431 | -66.4% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €6,924 | €15,047 | +€8,124 | +117% |
| Amounts receivable within one year | 40/41 | €184 | €6,874 | +€6,690 | +3,639% |
| Trade receivables | 40 | - | €4,837 | +€4,837 | |
| Other amounts receivable | 41 | €184 | €2,037 | +€1,854 | +1,008% |
| Cash at bank and in hand | 54/58 | €5,108 | €8,173 | +€3,065 | +60.0% |
| Deferred charges and accrued income | 490/1 | €1,632 | - | -€1,632 | |
| Total equity and liabilities | 10/49 | €9,303 | €15,996 | +€6,693 | +71.9% |
| Equity | 10/15 | €7,649 | €7,758 | +€109 | +1.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Other | 1109/19 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,649 | €1,758 | +€109 | +6.6% |
| Amounts payable | 17/49 | €1,654 | €8,238 | +€6,584 | +398% |
| Amounts payable within one year | 42/48 | €1,654 | €3,238 | +€1,584 | +95.7% |
| Trade debts | 44 | €460 | €659 | +€199 | +43.1% |
| Suppliers | 440/4 | €460 | €659 | +€199 | +43.1% |
| Taxes, remuneration and social security | 45 | €637 | €2,579 | +€1,942 | +305% |
| Taxes | 450/3 | €637 | €808 | +€170 | +26.7% |
| Remuneration and social security | 454/9 | - | €1,771 | +€1,771 | |
| Other amounts payable | 47/48 | €556 | - | -€556 | |
| Accrued charges and deferred income | 492/3 | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €11 | - | -€11 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,913 | €1,995 | +€82 | +4.3% |
| Other operating charges | 640/8 | €50 | €793 | +€743 | +1,487% |
| Gross operating margin | 9900 | €1,006 | €3,018 | +€2,013 | +200% |
| Operating profit (loss) | 9901 | -€968 | €230 | +€1,197 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €51 | €120 | +€69 | +136% |
| Recurring financial charges | 65 | €51 | €120 | +€69 | +136% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€1,017 | €109 | +€1,126 | |
| Income taxes | 67/77 | €650 | - | -€650 | |
| Profit (loss) for the period | 9904 | -€1,667 | €109 | +€1,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,667 | €109 | +€1,776 |
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 24 October 2026 via checked.be.