AFA: 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.
AFA
Largest movements
- Receivables within one year -€15,223
down €15,223 (-10.0%), from €151,621 to €136,398
of which Other amounts receivable: -€17,038
- Cash -€6,714
down €6,714 (-26.0%), from €25,851 to €19,137
mainly Other debts (-€50,000) and Short-term financial debts (-€140)
- Other debts -€50,000
down €50,000 (-55.6%), from €90,000 to €40,000
- Trade debts +€11,050
up €11,050 (+276.5%), from €3,996 to €15,046
- Profit (loss) carried forward +€9,931
up €9,931 (+17.7%), from €56,063 to €65,994
- Tax, wage and social debts +€5,580
up €5,580 (+57.6%), from €9,679 to €15,259
- Staff costs +€48,179
up €48,179 (+242.9%), from €19,834 to €68,013
- Gross operating margin +€33,212
up €33,212 (+61.7%), from €53,805 to €87,017
- Financial income +€3,383
up €3,383 (+6388.4%), from €53 to €3,436
- Other operating charges +€1,144
up €1,144 (+93.9%), from €1,219 to €2,363
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.
Cash bridge derived
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 | €181,925 | €158,887 | -€23,038 | -12.7% |
| Fixed assets | 21/28 | €1,558 | €725 | -€833 | -53.5% |
| Tangible fixed assets | 22/27 | €1,558 | €725 | -€833 | -53.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €1,558 | €725 | -€833 | -53.5% |
| Current assets | 29/58 | €180,367 | €158,162 | -€22,205 | -12.3% |
| Stocks and contracts in progress | 3 | €2,894 | €2,627 | -€267 | -9.2% |
| Stocks | 30/36 | €2,894 | €2,627 | -€267 | -9.2% |
| Amounts receivable within one year | 40/41 | €151,621 | €136,398 | -€15,223 | -10.0% |
| Trade receivables | 40 | - | €1,815 | +€1,815 | |
| Other amounts receivable | 41 | €151,621 | €134,583 | -€17,038 | -11.2% |
| Cash at bank and in hand | 54/58 | €25,851 | €19,137 | -€6,714 | -26.0% |
| Total equity and liabilities | 10/49 | €181,925 | €158,887 | -€23,038 | -12.7% |
| Equity | 10/15 | €77,772 | €87,703 | +€9,931 | +12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,710 | €1,710 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,710 | €1,710 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,710 | €1,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,063 | €65,994 | +€9,931 | +17.7% |
| Amounts payable | 17/49 | €104,152 | €71,183 | -€32,969 | -31.7% |
| Amounts payable within one year | 42/48 | €103,816 | €70,305 | -€33,511 | -32.3% |
| Financial debts | 43 | €140 | - | -€140 | |
| Credit institutions | 430/8 | €140 | - | -€140 | |
| Trade debts | 44 | €3,996 | €15,046 | +€11,050 | +276.5% |
| Suppliers | 440/4 | €3,996 | €15,046 | +€11,050 | +276.5% |
| Taxes, remuneration and social security | 45 | €9,679 | €15,259 | +€5,580 | +57.6% |
| Taxes | 450/3 | €9,679 | €15,259 | +€5,580 | +57.6% |
| Other amounts payable | 47/48 | €90,000 | €40,000 | -€50,000 | -55.6% |
| Accrued charges and deferred income | 492/3 | €336 | €878 | +€542 | +161.1% |
| Remuneration, social security and pensions | 62 | €19,834 | €68,013 | +€48,179 | +242.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244 | €833 | +€589 | +241.5% |
| Other operating charges | 640/8 | €1,219 | €2,363 | +€1,144 | +93.9% |
| Gross operating margin | 9900 | €53,805 | €87,017 | +€33,212 | +61.7% |
| Operating profit (loss) | 9901 | €32,508 | €15,807 | -€16,701 | -51.4% |
| Financial income | 75/76B | €53 | €3,436 | +€3,383 | +6388.4% |
| Recurring financial income | 75 | €53 | €3,436 | +€3,383 | +6388.4% |
| Financial charges | 65/66B | €319 | €271 | -€49 | -15.3% |
| Recurring financial charges | 65 | €319 | €271 | -€49 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €32,241 | €18,973 | -€13,268 | -41.2% |
| Income taxes | 67/77 | €9,193 | €9,042 | -€151 | -1.6% |
| Profit (loss) for the period | 9904 | €23,049 | €9,931 | -€13,118 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,049 | €9,931 | -€13,118 | -56.9% |
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 9 October 2026 via checked.be.