AFADENT: 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.
AFADENT
Largest movements
- Receivables within one year -€48,747
down €48,747 (-54.9%), from €88,756 to €40,009
- Tangible fixed assets +€32,413
up €32,413 (+116.3%), from €27,873 to €60,287
of which Furniture and vehicles: +€34,986
- Cash -€5,426
down €5,426 (-49.2%), from €11,023 to €5,597
mainly Other debts (-€47,181) and Investment in fixed assets (net) (-€45,267)
- Other debts -€47,181
no longer reported in 2025 (was €47,181)
- Debts after one year +€16,713
new in 2025: €16,713
- Reserves +€3,974
up €3,974 (+5.6%), from €71,416 to €75,391
of which Distributable reserves: +€3,974
- Current portion of long-term debt +€3,831
up €3,831 (+104.7%), from €3,659 to €7,490
- Financial income +€16,494
up €16,494 (+371.9%), from €4,436 to €20,930
of which Non-recurring financial income: +€17,569
- Gross operating margin -€4,802
down €4,802 (-8.1%), from €59,260 to €54,458
- Financial charges +€659
up €659 (+58.5%), from €1,128 to €1,787
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 | €129,132 | €106,658 | -€22,474 | -17.4% |
| Fixed assets | 21/28 | €27,873 | €60,287 | +€32,413 | +116.3% |
| Tangible fixed assets | 22/27 | €27,873 | €60,287 | +€32,413 | +116.3% |
| Land and buildings | 22 | €151 | - | -€151 | |
| Plant, machinery and equipment | 23 | €1,763 | €979 | -€784 | -44.5% |
| Furniture and vehicles | 24 | €4,450 | €39,436 | +€34,986 | +786.1% |
| Other tangible fixed assets | 26 | €21,509 | €19,871 | -€1,637 | -7.6% |
| Current assets | 29/58 | €101,259 | €46,371 | -€54,888 | -54.2% |
| Amounts receivable within one year | 40/41 | €88,756 | €40,009 | -€48,747 | -54.9% |
| Other amounts receivable | 41 | €88,756 | €40,009 | -€48,747 | -54.9% |
| Cash at bank and in hand | 54/58 | €11,023 | €5,597 | -€5,426 | -49.2% |
| Deferred charges and accrued income | 490/1 | €1,480 | €765 | -€715 | -48.3% |
| Total equity and liabilities | 10/49 | €129,132 | €106,658 | -€22,474 | -17.4% |
| Equity | 10/15 | €71,916 | €75,891 | +€3,974 | +5.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €71,416 | €75,391 | +€3,974 | +5.6% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €71,366 | €75,341 | +€3,974 | +5.6% |
| Amounts payable | 17/49 | €57,216 | €30,767 | -€26,449 | -46.2% |
| Amounts payable after more than one year | 17 | - | €16,713 | +€16,713 | |
| Financial debts | 170/4 | - | €16,713 | +€16,713 | |
| Amounts payable within one year | 42/48 | €57,216 | €14,054 | -€43,161 | -75.4% |
| Current portion of amounts payable after more than one year | 42 | €3,659 | €7,490 | +€3,831 | +104.7% |
| Trade debts | 44 | €577 | €377 | -€199 | -34.6% |
| Suppliers | 440/4 | €577 | €377 | -€199 | -34.6% |
| Taxes, remuneration and social security | 45 | €5,799 | €6,187 | +€388 | +6.7% |
| Taxes | 450/3 | €748 | €1,200 | +€452 | +60.4% |
| Remuneration and social security | 454/9 | €5,051 | €4,987 | -€64 | -1.3% |
| Other amounts payable | 47/48 | €47,181 | - | -€47,181 | |
| Remuneration, social security and pensions | 62 | €27,198 | €27,396 | +€198 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,616 | €12,854 | +€238 | +1.9% |
| Other operating charges | 640/8 | €1,931 | €1,857 | -€74 | -3.8% |
| Gross operating margin | 9900 | €59,260 | €54,458 | -€4,802 | -8.1% |
| Operating profit (loss) | 9901 | €17,515 | €12,351 | -€5,165 | -29.5% |
| Financial income | 75/76B | €4,436 | €20,930 | +€16,494 | +371.9% |
| Recurring financial income | 75 | €4,436 | €3,360 | -€1,075 | -24.2% |
| Non-recurring financial income | 76B | - | €17,569 | +€17,569 | |
| Financial charges | 65/66B | €1,128 | €1,787 | +€659 | +58.5% |
| Recurring financial charges | 65 | €1,128 | €1,787 | +€659 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €20,823 | €31,493 | +€10,670 | +51.2% |
| Income taxes | 67/77 | €6,952 | €7,342 | +€390 | +5.6% |
| Profit (loss) for the period | 9904 | €13,871 | €24,151 | +€10,280 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,871 | €24,151 | +€10,280 | +74.1% |
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 6 October 2026 via checked.be.