AF TRADING: 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 TRADING
Largest movements
- Receivables within one year -€82,972
down €82,972 (-99.7%), from €83,237 to €265
of which Trade receivables: -€82,706
- Cash -€5,106
down €5,106 (-66.4%), from €7,692 to €2,586
mainly Net result for the year (-€85,652) and Other debts (-€2,425)
- Profit (loss) carried forward -€85,652
down €85,652 (-167%), from -€51,192 to -€136,844
- Other debts -€2,425
down €2,425 (-2.0%), from €119,241 to €116,816
- Write-downs +€82,972
new in 2022: €82,972
- Staff costs -€4,119
down €4,119 (-97.8%), from €4,211 to €92
- Other operating charges +€905
up €905 (+260%), from €348 to €1,252
- Gross operating margin +€701
up €701 (+36.1%), from -€1,944 to -€1,243
- Financial charges +€33
up €33 (+53.8%), from €61 to €94
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,018 | €2,941 | -€88,077 | -96.8% |
| Fixed assets | 21/28 | €90 | €90 | = | 0.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €90,928 | €2,851 | -€88,077 | -96.9% |
| Amounts receivable within one year | 40/41 | €83,237 | €265 | -€82,972 | -99.7% |
| Trade receivables | 40 | €82,972 | €265 | -€82,706 | -99.7% |
| Other amounts receivable | 41 | €265 | - | -€265 | |
| Cash at bank and in hand | 54/58 | €7,692 | €2,586 | -€5,106 | -66.4% |
| Total equity and liabilities | 10/49 | €91,018 | €2,941 | -€88,077 | -96.8% |
| Equity | 10/15 | -€43,132 | -€128,784 | -€85,652 | -199% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | -€51,192 | -€136,844 | -€85,652 | -167% |
| Amounts payable | 17/49 | €134,151 | €131,726 | -€2,425 | -1.8% |
| Amounts payable within one year | 42/48 | €134,151 | €131,726 | -€2,425 | -1.8% |
| Trade debts | 44 | €14,862 | €14,862 | = | 0.0% |
| Suppliers | 440/4 | €14,862 | €14,862 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €48 | €48 | = | 0.0% |
| Remuneration and social security | 454/9 | €48 | €48 | = | 0.0% |
| Other amounts payable | 47/48 | €119,241 | €116,816 | -€2,425 | -2.0% |
| Remuneration, social security and pensions | 62 | €4,211 | €92 | -€4,119 | -97.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €82,972 | +€82,972 | |
| Other operating charges | 640/8 | €348 | €1,252 | +€905 | +260% |
| Gross operating margin | 9900 | -€1,944 | -€1,243 | +€701 | +36.1% |
| Operating profit (loss) | 9901 | -€6,503 | -€85,558 | -€79,055 | -1,216% |
| Financial charges | 65/66B | €61 | €94 | +€33 | +53.8% |
| Recurring financial charges | 65 | €61 | €94 | +€33 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,564 | -€85,652 | -€79,088 | -1,205% |
| Profit (loss) for the period | 9904 | -€6,564 | -€85,652 | -€79,088 | -1,205% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,564 | -€85,652 | -€79,088 | -1,205% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.