AFAIR: 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.
AFAIR
Largest movements
- Tangible fixed assets +€8,520
new in 2025: €8,520
- Receivables within one year +€7,476
up €7,476 (+50.6%), from €14,774 to €22,250
- Cash +€3,875
up €3,875 (+51.8%), from €7,487 to €11,362
mainly Net result for the year (+€15,484) and Other debts (+€3,319)
- Deferred charges and accrued income +€1,044
new in 2025: €1,044
- Reserves +€16,000
up €16,000 (+200%), from €8,000 to €24,000
- Other debts +€3,319
up €3,319 (+66,372%), from €5 to €3,324
- Tax, wage and social debts +€2,710
up €2,710 (+37.9%), from €7,148 to €9,858
- Trade debts -€607
down €607 (-24.0%), from €2,526 to €1,919
- Profit (loss) carried forward -€516
down €516 (-62.0%), from €832 to €316
- Gross operating margin +€13,722
up €13,722 (+118%), from €11,639 to €25,361
- Taxes +€4,232
up €4,232 (+326%), from €1,300 to €5,532
- Financial charges +€1,631
up €1,631 (+597%), from €273 to €1,904
- Depreciation +€1,309
new in 2025: €1,309
- Other operating charges +€303
up €303 (+36.6%), from €828 to €1,131
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.
Derived cash bridge
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 | €22,261 | €43,175 | +€20,914 | +94.0% |
| Fixed assets | 21/28 | - | €8,520 | +€8,520 | |
| Tangible fixed assets | 22/27 | - | €8,520 | +€8,520 | |
| Furniture and vehicles | 24 | - | €8,520 | +€8,520 | |
| Current assets | 29/58 | €22,261 | €34,656 | +€12,395 | +55.7% |
| Amounts receivable within one year | 40/41 | €14,774 | €22,250 | +€7,476 | +50.6% |
| Trade receivables | 40 | €14,774 | €22,250 | +€7,476 | +50.6% |
| Cash at bank and in hand | 54/58 | €7,487 | €11,362 | +€3,875 | +51.8% |
| Deferred charges and accrued income | 490/1 | - | €1,044 | +€1,044 | |
| Total equity and liabilities | 10/49 | €22,261 | €43,175 | +€20,914 | +94.0% |
| Equity | 10/15 | €12,582 | €28,066 | +€15,484 | +123% |
| Contributions | 10/11 | €3,750 | €3,750 | = | 0.0% |
| Reserves | 13 | €8,000 | €24,000 | +€16,000 | +200% |
| Distributable reserves | 133 | €8,000 | €24,000 | +€16,000 | +200% |
| Profit (loss) carried forward | 14 | €832 | €316 | -€516 | -62.0% |
| Amounts payable | 17/49 | €9,679 | €15,109 | +€5,430 | +56.1% |
| Amounts payable within one year | 42/48 | €9,679 | €15,109 | +€5,430 | +56.1% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €2,526 | €1,919 | -€607 | -24.0% |
| Suppliers | 440/4 | €2,526 | €1,919 | -€607 | -24.0% |
| Taxes, remuneration and social security | 45 | €7,148 | €9,858 | +€2,710 | +37.9% |
| Taxes | 450/3 | €7,148 | €9,858 | +€2,710 | +37.9% |
| Other amounts payable | 47/48 | €5 | €3,324 | +€3,319 | +66,372% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,309 | +€1,309 | |
| Other operating charges | 640/8 | €828 | €1,131 | +€303 | +36.6% |
| Gross operating margin | 9900 | €11,639 | €25,361 | +€13,722 | +118% |
| Operating profit (loss) | 9901 | €10,811 | €22,920 | +€12,109 | +112% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €273 | €1,904 | +€1,631 | +597% |
| Recurring financial charges | 65 | €273 | €1,904 | +€1,631 | +597% |
| Profit (loss) for the period before taxes | 9903 | €10,538 | €21,017 | +€10,479 | +99.4% |
| Income taxes | 67/77 | €1,300 | €5,532 | +€4,232 | +326% |
| Profit (loss) for the period | 9904 | €9,238 | €15,484 | +€6,246 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,238 | €15,484 | +€6,246 | +67.6% |
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 15 October 2026 via checked.be.