AF Solutions: 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 Solutions
Largest movements
- Stocks and contracts +€15,929
up €15,929 (+57.8%), from €27,582 to €43,511
of which Contracts in progress: +€20,823
- Receivables within one year +€14,814
up €14,814 (+66.6%), from €22,230 to €37,045
of which Other amounts receivable: +€17,975
- Tangible fixed assets -€7,061
down €7,061 (-14.6%), from €48,365 to €41,304
of which Leasing and similar rights: -€7,987
- Cash -€2,894
down €2,894 (-100%), from €2,894 to €0
mainly Tax, wage and social debts (-€27,196) and Stocks and contracts (-€15,929)
- Trade debts +€36,095
up €36,095 (+114%), from €31,734 to €67,829
- Tax, wage and social debts -€27,196
down €27,196 (-82.7%), from €32,878 to €5,682
- Profit (loss) carried forward +€14,333
up €14,333 (+610%), from €2,351 to €16,684
- Debts after one year -€10,988
down €10,988 (-45.8%), from €23,991 to €13,003
- Accrued charges and deferred income +€3,844
new in 2025: €3,844
- Gross operating margin +€18,003
up €18,003 (+61.4%), from €29,327 to €47,329
- Financial charges +€5,486
up €5,486 (+68.5%), from €8,004 to €13,490
- Other operating charges -€3,583
down €3,583 (-57.5%), from €6,230 to €2,648
- Taxes +€2,269
up €2,269 (+86.5%), from €2,622 to €4,891
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 | €122,001 | €142,242 | +€20,241 | +16.6% |
| Fixed assets | 21/28 | €65,238 | €58,177 | -€7,061 | -10.8% |
| Tangible fixed assets | 22/27 | €48,365 | €41,304 | -€7,061 | -14.6% |
| Plant, machinery and equipment | 23 | €23,856 | €20,986 | -€2,870 | -12.0% |
| Furniture and vehicles | 24 | €2,258 | €6,056 | +€3,797 | +168% |
| Leasing and similar rights | 25 | €22,251 | €14,263 | -€7,987 | -35.9% |
| Financial fixed assets | 28 | €16,873 | €16,873 | = | 0.0% |
| Current assets | 29/58 | €56,763 | €84,065 | +€27,302 | +48.1% |
| Stocks and contracts in progress | 3 | €27,582 | €43,511 | +€15,929 | +57.8% |
| Stocks | 30/36 | €14,874 | €9,980 | -€4,894 | -32.9% |
| Contracts in progress | 37 | €12,708 | €33,531 | +€20,823 | +164% |
| Amounts receivable within one year | 40/41 | €22,230 | €37,045 | +€14,814 | +66.6% |
| Trade receivables | 40 | €19,981 | €16,820 | -€3,161 | -15.8% |
| Other amounts receivable | 41 | €2,249 | €20,224 | +€17,975 | +799% |
| Cash at bank and in hand | 54/58 | €2,894 | €0 | -€2,894 | -100% |
| Deferred charges and accrued income | 490/1 | €4,056 | €3,509 | -€547 | -13.5% |
| Total equity and liabilities | 10/49 | €122,001 | €142,242 | +€20,241 | +16.6% |
| Equity | 10/15 | €22,811 | €37,144 | +€14,333 | +62.8% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,351 | €16,684 | +€14,333 | +610% |
| Amounts payable | 17/49 | €99,190 | €105,098 | +€5,908 | +6.0% |
| Amounts payable after more than one year | 17 | €23,991 | €13,003 | -€10,988 | -45.8% |
| Financial debts | 170/4 | €23,991 | €13,003 | -€10,988 | -45.8% |
| Amounts payable within one year | 42/48 | €75,199 | €88,251 | +€13,052 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €9,984 | €10,988 | +€1,004 | +10.1% |
| Financial debts | 43 | €604 | €3,753 | +€3,149 | +522% |
| Credit institutions | 430/8 | €604 | €3,753 | +€3,149 | +522% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €31,734 | €67,829 | +€36,095 | +114% |
| Suppliers | 440/4 | €31,734 | €67,829 | +€36,095 | +114% |
| Taxes, remuneration and social security | 45 | €32,878 | €5,682 | -€27,196 | -82.7% |
| Taxes | 450/3 | €32,878 | €5,682 | -€27,196 | -82.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €3,844 | +€3,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,257 | €12,462 | +€206 | +1.7% |
| Other operating charges | 640/8 | €6,230 | €2,648 | -€3,583 | -57.5% |
| Gross operating margin | 9900 | €29,327 | €47,329 | +€18,003 | +61.4% |
| Operating profit (loss) | 9901 | €10,840 | €32,219 | +€21,379 | +197% |
| Financial income | 75/76B | €268 | €495 | +€227 | +84.7% |
| Recurring financial income | 75 | €268 | €495 | +€227 | +84.7% |
| Financial charges | 65/66B | €8,004 | €13,490 | +€5,486 | +68.5% |
| Recurring financial charges | 65 | €8,004 | €13,490 | +€5,486 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €3,103 | €19,224 | +€16,121 | +519% |
| Income taxes | 67/77 | €2,622 | €4,891 | +€2,269 | +86.5% |
| Profit (loss) for the period | 9904 | €482 | €14,333 | +€13,852 | +2,876% |
| Profit (loss) for the period to be appropriated | 9905 | €482 | €14,333 | +€13,852 | +2,876% |
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 26 October 2026 via checked.be.