AFA BEHEER: what changed
AFA BEHEER
Largest movements
- Tangible fixed assets +€771,199
up €771,199 (+1,582%), from €48,734 to €819,933
of which Assets under construction and advance payments: +€558,668
- Current investments -€95,901
no longer reported in 2025 (was €95,901)
- Cash +€26,567
up €26,567 (+644%), from €4,127 to €30,694
mainly Debts after one year (+€734,761) and Current investments (+€95,901)
- Receivables within one year +€15,662
up €15,662 (+554%), from €2,825 to €18,487
of which Other amounts receivable: +€13,146
- Debts after one year +€734,761
up €734,761 (+1,470%), from €50,000 to €784,761
- Profit (loss) carried forward -€15,068
down €15,068 (-48.6%), from €30,985 to €15,917
- Financial charges +€10,289
up €10,289 (+3,429,603%), from €0 to €10,289
- Financial income -€9,535
down €9,535 (-91.2%), from €10,461 to €926
- Gross operating margin -€7,115
down €7,115, from €2,978 to -€4,137
- Taxes -€1,281
down €1,281 (-55.0%), from €2,329 to €1,048
- Other operating charges +€362
up €362 (+229%), from €158 to €520
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 | €151,587 | €869,145 | +€717,557 | +473% |
| Fixed assets | 21/28 | €48,734 | €819,933 | +€771,199 | +1,582% |
| Tangible fixed assets | 22/27 | €48,734 | €819,933 | +€771,199 | +1,582% |
| Land and buildings | 22 | - | €212,531 | +€212,531 | |
| Assets under construction and advance payments | 27 | €48,734 | €607,402 | +€558,668 | +1,146% |
| Current assets | 29/58 | €102,853 | €49,212 | -€53,642 | -52.2% |
| Amounts receivable within one year | 40/41 | €2,825 | €18,487 | +€15,662 | +554% |
| Trade receivables | 40 | €2,108 | €4,624 | +€2,516 | +119% |
| Other amounts receivable | 41 | €717 | €13,864 | +€13,146 | +1,833% |
| Current investments | 50/53 | €95,901 | - | -€95,901 | |
| Cash at bank and in hand | 54/58 | €4,127 | €30,694 | +€26,567 | +644% |
| Deferred charges and accrued income | 490/1 | - | €30 | +€30 | |
| Total equity and liabilities | 10/49 | €151,587 | €869,145 | +€717,557 | +473% |
| Equity | 10/15 | €97,265 | €82,197 | -€15,068 | -15.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,280 | €4,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,280 | €4,280 | = | 0.0% |
| Legal reserve | 130 | €4,280 | €4,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,985 | €15,917 | -€15,068 | -48.6% |
| Amounts payable | 17/49 | €54,322 | €786,948 | +€732,626 | +1,349% |
| Amounts payable after more than one year | 17 | €50,000 | €784,761 | +€734,761 | +1,470% |
| Financial debts | 170/4 | €50,000 | €784,761 | +€734,761 | +1,470% |
| Amounts payable within one year | 42/48 | €4,322 | €2,187 | -€2,135 | -49.4% |
| Trade debts | 44 | - | €227 | +€227 | |
| Suppliers | 440/4 | - | €227 | +€227 | |
| Taxes, remuneration and social security | 45 | €3,575 | €1,875 | -€1,700 | -47.6% |
| Taxes | 450/3 | €3,575 | €1,875 | -€1,700 | -47.6% |
| Other amounts payable | 47/48 | €747 | €85 | -€663 | -88.7% |
| Other operating charges | 640/8 | €158 | €520 | +€362 | +229% |
| Gross operating margin | 9900 | €2,978 | -€4,137 | -€7,115 | |
| Operating profit (loss) | 9901 | €2,821 | -€4,657 | -€7,477 | |
| Financial income | 75/76B | €10,461 | €926 | -€9,535 | -91.2% |
| Recurring financial income | 75 | €10,461 | €926 | -€9,535 | -91.2% |
| Financial charges | 65/66B | €0 | €10,289 | +€10,289 | +3,429,603% |
| Recurring financial charges | 65 | €0 | €10,289 | +€10,289 | +3,429,603% |
| Profit (loss) for the period before taxes | 9903 | €13,281 | -€14,020 | -€27,301 | |
| Income taxes | 67/77 | €2,329 | €1,048 | -€1,281 | -55.0% |
| Profit (loss) for the period | 9904 | €10,952 | -€15,068 | -€26,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,952 | -€15,068 | -€26,020 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.