AFA pro3: what changed
Two fiscal 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 pro3
Largest movements
- Receivables within one year -€29,979
down €29,979 (-88.2%), from €33,989 to €4,010
of which Trade receivables: -€33,989
- Cash +€20,135
up €20,135 (+214.7%), from €9,378 to €29,513
mainly Receivables within one year (+€29,979) and Investment in fixed assets (net) (+€10,208)
- Tangible fixed assets -€14,167
down €14,167 (-31.7%), from €44,651 to €30,484
- Deferred charges and accrued income -€3,820
down €3,820 (-96.4%), from €3,961 to €141
- Other debts -€17,692
down €17,692 (-96.9%), from €18,262 to €570
- Profit (loss) carried forward -€5,657
down €5,657 (-202.4%), from -€2,795 to -€8,452
- Short-term financial debts -€2,489
no longer reported in 2025 (was €2,489)
- Tax, wage and social debts -€1,994
no longer reported in 2025 (was €1,994)
- Gross operating margin -€45,191
down €45,191 (-80.1%), from €56,427 to €11,236
- Other operating charges -€4,050
down €4,050 (-81.1%), from €4,994 to €943
- Depreciation -€1,861
down €1,861 (-32.0%), from €5,820 to €3,959
- Taxes -€1,834
down €1,834 (-92.3%), from €1,987 to €153
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 | €91,979 | €64,149 | -€27,830 | -30.3% |
| Fixed assets | 21/28 | €44,651 | €30,484 | -€14,167 | -31.7% |
| Tangible fixed assets | 22/27 | €44,651 | €30,484 | -€14,167 | -31.7% |
| Land and buildings | 22 | €29,892 | €29,164 | -€728 | -2.4% |
| Plant, machinery and equipment | 23 | €7,019 | - | -€7,019 | |
| Furniture and vehicles | 24 | €7,739 | €1,320 | -€6,419 | -82.9% |
| Current assets | 29/58 | €47,328 | €33,665 | -€13,664 | -28.9% |
| Amounts receivable within one year | 40/41 | €33,989 | €4,010 | -€29,979 | -88.2% |
| Trade receivables | 40 | €33,989 | - | -€33,989 | |
| Other amounts receivable | 41 | - | €4,010 | +€4,010 | |
| Cash at bank and in hand | 54/58 | €9,378 | €29,513 | +€20,135 | +214.7% |
| Deferred charges and accrued income | 490/1 | €3,961 | €141 | -€3,820 | -96.4% |
| Total equity and liabilities | 10/49 | €91,979 | €64,149 | -€27,830 | -30.3% |
| Equity | 10/15 | €56,838 | €51,181 | -€5,657 | -10.0% |
| Reserves | 13 | €59,633 | €59,633 | = | 0.0% |
| Distributable reserves | 133 | €59,633 | €59,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,795 | -€8,452 | -€5,657 | -202.4% |
| Amounts payable | 17/49 | €35,141 | €12,968 | -€22,173 | -63.1% |
| Amounts payable after more than one year | 17 | €12,000 | €12,000 | = | 0.0% |
| Financial debts | 170/4 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,141 | €968 | -€22,173 | -95.8% |
| Financial debts | 43 | €2,489 | - | -€2,489 | |
| Credit institutions | 430/8 | €2,489 | - | -€2,489 | |
| Trade debts | 44 | €396 | €399 | +€2 | +0.6% |
| Suppliers | 440/4 | €396 | €399 | +€2 | +0.6% |
| Taxes, remuneration and social security | 45 | €1,994 | - | -€1,994 | |
| Taxes | 450/3 | €1,994 | - | -€1,994 | |
| Other amounts payable | 47/48 | €18,262 | €570 | -€17,692 | -96.9% |
| Non-recurring operating income | 76A | - | €13,203 | +€13,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,820 | €3,959 | -€1,861 | -32.0% |
| Other operating charges | 640/8 | €4,994 | €943 | -€4,050 | -81.1% |
| Non-recurring operating charges | 66A | - | €11,671 | +€11,671 | |
| Gross operating margin | 9900 | €56,427 | €11,236 | -€45,191 | -80.1% |
| Operating profit (loss) | 9901 | €45,613 | -€5,338 | -€50,951 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €166 | €167 | +€0 | +0.2% |
| Recurring financial charges | 65 | €166 | €167 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €45,447 | -€5,504 | -€50,951 | |
| Income taxes | 67/77 | €1,987 | €153 | -€1,834 | -92.3% |
| Profit (loss) for the period | 9904 | €43,460 | -€5,657 | -€49,117 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,460 | -€5,657 | -€49,117 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.