AFANG: 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.
AFANG
Largest movements
- Cash +€64,074
up €64,074 (+56.1%), from €114,148 to €178,222
mainly Net result for the year (+€49,468) and Tax, wage and social debts (+€15,264)
- Receivables within one year -€3,946
down €3,946 (-48.0%), from €8,216 to €4,270
of which Trade receivables: -€7,176
- Tangible fixed assets +€3,608
up €3,608 (+185%), from €1,948 to €5,556
- Reserves +€49,468
up €49,468 (+43.7%), from €113,169 to €162,638
- Tax, wage and social debts +€15,264
up €15,264 (+694%), from €2,198 to €17,462
- Gross operating margin +€17,411
up €17,411 (+27.7%), from €62,803 to €80,214
- Taxes +€8,767
up €8,767 (+45.3%), from €19,336 to €28,103
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 | €124,312 | €188,048 | +€63,736 | +51.3% |
| Fixed assets | 21/28 | €1,948 | €5,556 | +€3,608 | +185% |
| Tangible fixed assets | 22/27 | €1,948 | €5,556 | +€3,608 | +185% |
| Furniture and vehicles | 24 | €1,948 | €5,556 | +€3,608 | +185% |
| Current assets | 29/58 | €122,364 | €182,493 | +€60,128 | +49.1% |
| Amounts receivable within one year | 40/41 | €8,216 | €4,270 | -€3,946 | -48.0% |
| Trade receivables | 40 | €7,176 | - | -€7,176 | |
| Other amounts receivable | 41 | €1,040 | €4,270 | +€3,230 | +310% |
| Cash at bank and in hand | 54/58 | €114,148 | €178,222 | +€64,074 | +56.1% |
| Total equity and liabilities | 10/49 | €124,312 | €188,048 | +€63,736 | +51.3% |
| Equity | 10/15 | €119,369 | €168,838 | +€49,468 | +41.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,169 | €162,638 | +€49,468 | +43.7% |
| Distributable reserves | 133 | €113,169 | €162,638 | +€49,468 | +43.7% |
| Amounts payable | 17/49 | €4,943 | €19,211 | +€14,268 | +289% |
| Amounts payable within one year | 42/48 | €4,943 | €19,211 | +€14,268 | +289% |
| Financial debts | 43 | €799 | €1,533 | +€733 | +91.7% |
| Credit institutions | 430/8 | €799 | €1,533 | +€733 | +91.7% |
| Trade debts | 44 | €1,945 | €215 | -€1,730 | -88.9% |
| Suppliers | 440/4 | €1,945 | €215 | -€1,730 | -88.9% |
| Taxes, remuneration and social security | 45 | €2,198 | €17,462 | +€15,264 | +694% |
| Taxes | 450/3 | €2,198 | €17,462 | +€15,264 | +694% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,327 | €2,208 | -€119 | -5.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €62,803 | €80,214 | +€17,411 | +27.7% |
| Operating profit (loss) | 9901 | €60,089 | €77,606 | +€17,518 | +29.2% |
| Financial income | 75/76B | €278 | €28 | -€250 | -90.1% |
| Recurring financial income | 75 | €278 | €28 | -€250 | -90.1% |
| Financial charges | 65/66B | €93 | €63 | -€30 | -32.2% |
| Recurring financial charges | 65 | €93 | €63 | -€30 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €60,274 | €77,571 | +€17,297 | +28.7% |
| Income taxes | 67/77 | €19,336 | €28,103 | +€8,767 | +45.3% |
| Profit (loss) for the period | 9904 | €40,938 | €49,468 | +€8,530 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,938 | €49,468 | +€8,530 | +20.8% |
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 19 October 2026 via checked.be.