AF RETAIL CONSULTING: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2024 and 2025
Largest movements
- Cash +€18,853
up €18,853 (+138%), from €13,643 to €32,496
mainly Net result for the year (+€15,696) and Receivables within one year (+€9,970)
- Receivables within one year -€9,970
down €9,970 (-27.0%), from €36,877 to €26,906
of which Trade receivables: -€10,189
- Deferred charges and accrued income -€1,081
no longer reported in 2025 (was €1,081)
- Reserves +€14,837
up €14,837 (+58.3%), from €25,433 to €40,270
- Tax, wage and social debts -€13,430
down €13,430 (-70.5%), from €19,039 to €5,609
- Trade debts +€8,327
up €8,327 (+72.2%), from €11,531 to €19,858
- Short-term financial debts -€6,163
down €6,163 (-50.1%), from €12,308 to €6,146
- Other debts +€4,230
up €4,230 (+70.1%), from €6,038 to €10,268
- Gross operating margin -€17,690
down €17,690 (-38.4%), from €46,050 to €28,360
- Taxes -€3,574
down €3,574 (-25.8%), from €13,855 to €10,281
- Depreciation -€3,359
no longer reported in 2025 (was €3,359)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,816 | €84,616 | +€7,801 | +10.2% |
| Fixed assets | 21/28 | €25,215 | €25,215 | = | 0.0% |
| Financial fixed assets | 28 | €25,215 | €25,215 | = | 0.0% |
| Current assets | 29/58 | €51,601 | €59,402 | +€7,801 | +15.1% |
| Amounts receivable within one year | 40/41 | €36,877 | €26,906 | -€9,970 | -27.0% |
| Trade receivables | 40 | €36,877 | €26,688 | -€10,189 | -27.6% |
| Other amounts receivable | 41 | - | €219 | +€219 | |
| Cash at bank and in hand | 54/58 | €13,643 | €32,496 | +€18,853 | +138% |
| Deferred charges and accrued income | 490/1 | €1,081 | - | -€1,081 | |
| Total equity and liabilities | 10/49 | €76,816 | €84,616 | +€7,801 | +10.2% |
| Equity | 10/15 | €27,433 | €42,270 | +€14,837 | +54.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,433 | €40,270 | +€14,837 | +58.3% |
| Distributable reserves | 133 | €25,433 | €40,270 | +€14,837 | +58.3% |
| Amounts payable | 17/49 | €49,383 | €42,347 | -€7,036 | -14.2% |
| Amounts payable within one year | 42/48 | €48,917 | €41,881 | -€7,036 | -14.4% |
| Financial debts | 43 | €12,308 | €6,146 | -€6,163 | -50.1% |
| Other loans | 439 | €12,308 | €6,146 | -€6,163 | -50.1% |
| Trade debts | 44 | €11,531 | €19,858 | +€8,327 | +72.2% |
| Suppliers | 440/4 | €11,531 | €19,858 | +€8,327 | +72.2% |
| Taxes, remuneration and social security | 45 | €19,039 | €5,609 | -€13,430 | -70.5% |
| Taxes | 450/3 | €19,039 | €5,609 | -€13,430 | -70.5% |
| Other amounts payable | 47/48 | €6,038 | €10,268 | +€4,230 | +70.1% |
| Accrued charges and deferred income | 492/3 | €466 | €466 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,359 | - | -€3,359 | |
| Other operating charges | 640/8 | - | €1 | +€1 | |
| Gross operating margin | 9900 | €46,050 | €28,360 | -€17,690 | -38.4% |
| Operating profit (loss) | 9901 | €42,691 | €28,359 | -€14,332 | -33.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -61.4% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -61.4% |
| Financial charges | 65/66B | €2,545 | €2,382 | -€163 | -6.4% |
| Recurring financial charges | 65 | €2,545 | €2,382 | -€163 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €40,147 | €25,977 | -€14,170 | -35.3% |
| Income taxes | 67/77 | €13,855 | €10,281 | -€3,574 | -25.8% |
| Profit (loss) for the period | 9904 | €26,292 | €15,696 | -€10,596 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,292 | €15,696 | -€10,596 | -40.3% |
Value
A value from the accounts assumes the company carries on.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 13 November 2026 via checked.be.