AFB Consult: 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.
AFB Consult
Largest movements
- Receivables within one year +€13,017
up €13,017 (+15.5%), from €83,872 to €96,889
of which Trade receivables: +€12,432
- Cash +€11,662
up €11,662 (+58.2%), from €20,046 to €31,708
mainly Net result for the year (+€18,369) and Current investments (+€10,227)
- Current investments -€10,227
down €10,227 (-80.9%), from €12,634 to €2,407
- Reserves +€18,369
up €18,369 (+54.8%), from €33,548 to €51,917
- Debts after one year -€9,276
down €9,276 (-6.6%), from €141,066 to €131,790
- Tax, wage and social debts +€7,406
up €7,406 (+50.4%), from €14,688 to €22,093
of which Taxes: +€6,973
- Trade debts -€4,109
down €4,109 (-13.9%), from €29,641 to €25,532
- Gross operating margin +€14,142
up €14,142 (+10.3%), from €137,323 to €151,465
- Staff costs -€6,616
down €6,616 (-6.1%), from €109,254 to €102,638
- Write-downs +€6,563
up €6,563, from €0 to €6,563
- Taxes +€5,805
up €5,805 (+230.5%), from €2,519 to €8,324
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 | €329,152 | €342,342 | +€13,190 | +4.0% |
| Fixed assets | 21/28 | €197,704 | €195,580 | -€2,124 | -1.1% |
| Tangible fixed assets | 22/27 | €197,428 | €195,242 | -€2,186 | -1.1% |
| Land and buildings | 22 | €196,254 | €188,075 | -€8,179 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | €5,128 | +€5,128 | |
| Furniture and vehicles | 24 | €1,174 | €2,039 | +€865 | +73.7% |
| Financial fixed assets | 28 | €276 | €337 | +€61 | +22.2% |
| Current assets | 29/58 | €131,448 | €146,763 | +€15,315 | +11.7% |
| Amounts receivable within one year | 40/41 | €83,872 | €96,889 | +€13,017 | +15.5% |
| Trade receivables | 40 | €80,636 | €93,068 | +€12,432 | +15.4% |
| Other amounts receivable | 41 | €3,236 | €3,822 | +€586 | +18.1% |
| Current investments | 50/53 | €12,634 | €2,407 | -€10,227 | -80.9% |
| Cash at bank and in hand | 54/58 | €20,046 | €31,708 | +€11,662 | +58.2% |
| Deferred charges and accrued income | 490/1 | €14,896 | €15,758 | +€862 | +5.8% |
| Total equity and liabilities | 10/49 | €329,152 | €342,342 | +€13,190 | +4.0% |
| Equity | 10/15 | €133,548 | €151,917 | +€18,369 | +13.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €33,548 | €51,917 | +€18,369 | +54.8% |
| Distributable reserves | 133 | €33,548 | €51,917 | +€18,369 | +54.8% |
| Amounts payable | 17/49 | €195,604 | €190,425 | -€5,178 | -2.6% |
| Amounts payable after more than one year | 17 | €141,066 | €131,790 | -€9,276 | -6.6% |
| Financial debts | 170/4 | €141,066 | €131,790 | -€9,276 | -6.6% |
| Amounts payable within one year | 42/48 | €54,537 | €58,399 | +€3,862 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €9,124 | €9,276 | +€152 | +1.7% |
| Trade debts | 44 | €29,641 | €25,532 | -€4,109 | -13.9% |
| Suppliers | 440/4 | €29,641 | €25,532 | -€4,109 | -13.9% |
| Taxes, remuneration and social security | 45 | €14,688 | €22,093 | +€7,406 | +50.4% |
| Taxes | 450/3 | €2,609 | €9,582 | +€6,973 | +267.2% |
| Remuneration and social security | 454/9 | €12,079 | €12,511 | +€432 | +3.6% |
| Other amounts payable | 47/48 | €1,085 | €1,498 | +€413 | +38.1% |
| Accrued charges and deferred income | 492/3 | - | €236 | +€236 | |
| Remuneration, social security and pensions | 62 | €109,254 | €102,638 | -€6,616 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,154 | €9,687 | -€1,467 | -13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €6,563 | +€6,563 | |
| Other operating charges | 640/8 | €1,810 | €2,565 | +€756 | +41.8% |
| Non-recurring operating charges | 66A | - | €360 | +€360 | |
| Gross operating margin | 9900 | €137,323 | €151,465 | +€14,142 | +10.3% |
| Operating profit (loss) | 9901 | €15,105 | €29,651 | +€14,546 | +96.3% |
| Financial income | 75/76B | €558 | €332 | -€226 | -40.5% |
| Recurring financial income | 75 | €558 | €332 | -€226 | -40.5% |
| Financial charges | 65/66B | €3,199 | €3,290 | +€91 | +2.8% |
| Recurring financial charges | 65 | €3,199 | €3,290 | +€91 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €12,464 | €26,693 | +€14,229 | +114.2% |
| Income taxes | 67/77 | €2,519 | €8,324 | +€5,805 | +230.5% |
| Profit (loss) for the period | 9904 | €9,945 | €18,369 | +€8,424 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,945 | €18,369 | +€8,424 | +84.7% |
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 7 October 2026 via checked.be.