AFABO: 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.
AFABO
Largest movements
- Cash -€63,398
down €63,398 (-29.9%), from €212,277 to €148,878
mainly Net result for the year (-€58,319) and Investment in fixed assets (net) (-€18,926)
- Profit (loss) carried forward -€54,102
down €54,102 (-38.4%), from -€140,798 to -€194,900
- Accrued charges and deferred income -€14,370
down €14,370 (-98.0%), from €14,659 to €289
- Gross operating margin +€16,748
up €16,748 (+180.6%), from €9,273 to €26,021
- Financial charges -€12,601
down €12,601 (-99.7%), from €12,643 to €42
- Staff costs +€8,293
up €8,293 (+17.4%), from €47,583 to €55,877
- Depreciation +€670
up €670 (+2.7%), from €24,580 to €25,250
- Other operating charges -€344
down €344 (-8.3%), from €4,149 to €3,805
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 | €1,367,703 | €1,302,592 | -€65,111 | -4.8% |
| Fixed assets | 21/28 | €1,143,316 | €1,136,992 | -€6,324 | -0.6% |
| Tangible fixed assets | 22/27 | €786,940 | €780,616 | -€6,324 | -0.8% |
| Land and buildings | 22 | €786,922 | €779,279 | -€7,643 | -1.0% |
| Furniture and vehicles | 24 | €18 | €1,337 | +€1,319 | +7198.4% |
| Financial fixed assets | 28 | €356,376 | €356,376 | = | 0.0% |
| Current assets | 29/58 | €224,387 | €165,600 | -€58,787 | -26.2% |
| Amounts receivable within one year | 40/41 | €9,395 | €8,705 | -€689 | -7.3% |
| Trade receivables | 40 | €9,202 | €8,267 | -€935 | -10.2% |
| Other amounts receivable | 41 | €193 | €439 | +€246 | +127.7% |
| Cash at bank and in hand | 54/58 | €212,277 | €148,878 | -€63,398 | -29.9% |
| Deferred charges and accrued income | 490/1 | €2,716 | €8,016 | +€5,300 | +195.2% |
| Total equity and liabilities | 10/49 | €1,367,703 | €1,302,592 | -€65,111 | -4.8% |
| Equity | 10/15 | €1,052,216 | €993,897 | -€58,319 | -5.5% |
| Contributions | 10/11 | €439,000 | €439,000 | = | 0.0% |
| Reserves | 13 | €754,014 | €749,797 | -€4,217 | -0.6% |
| Tax-exempt reserves | 132 | €24,330 | €22,613 | -€1,717 | -7.1% |
| Distributable reserves | 133 | €729,684 | €727,184 | -€2,500 | -0.3% |
| Profit (loss) carried forward | 14 | -€140,798 | -€194,900 | -€54,102 | -38.4% |
| Provisions and deferred taxes | 16 | €122,764 | €122,134 | -€630 | -0.5% |
| Provisions for liabilities and charges | 160/5 | €114,980 | €114,980 | = | 0.0% |
| Pensions and similar obligations | 160 | €114,980 | €114,980 | = | 0.0% |
| Deferred taxes | 168 | €7,784 | €7,155 | -€630 | -8.1% |
| Amounts payable | 17/49 | €192,723 | €186,561 | -€6,163 | -3.2% |
| Amounts payable within one year | 42/48 | €178,064 | €186,271 | +€8,207 | +4.6% |
| Trade debts | 44 | €4,601 | €6,027 | +€1,425 | +31.0% |
| Suppliers | 440/4 | €4,601 | €6,027 | +€1,425 | +31.0% |
| Taxes, remuneration and social security | 45 | €770 | €3,288 | +€2,518 | +326.9% |
| Taxes | 450/3 | €770 | €3,288 | +€2,518 | +326.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €172,693 | €176,957 | +€4,264 | +2.5% |
| Accrued charges and deferred income | 492/3 | €14,659 | €289 | -€14,370 | -98.0% |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Remuneration, social security and pensions | 62 | €47,583 | €55,877 | +€8,293 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,580 | €25,250 | +€670 | +2.7% |
| Other operating charges | 640/8 | €4,149 | €3,805 | -€344 | -8.3% |
| Gross operating margin | 9900 | €9,273 | €26,021 | +€16,748 | +180.6% |
| Operating profit (loss) | 9901 | -€67,039 | -€58,910 | +€8,128 | +12.1% |
| Financial income | 75/76B | €1 | €4 | +€3 | +245.9% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +245.9% |
| Financial charges | 65/66B | €12,643 | €42 | -€12,601 | -99.7% |
| Recurring financial charges | 65 | €12,643 | €42 | -€12,601 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€79,681 | -€58,949 | +€20,732 | +26.0% |
| Transfer from deferred taxes | 780 | €630 | €630 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€79,051 | -€58,319 | +€20,732 | +26.2% |
| Transfer from tax-exempt reserves | 789 | €1,717 | €1,717 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,334 | -€56,602 | +€20,732 | +26.8% |
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 4 October 2026 via checked.be.