AFBOUWCENTER: 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.
AFBOUWCENTER
Largest movements
- Receivables within one year +€10,380
up €10,380 (+50.5%), from €20,574 to €30,955
of which Trade receivables: +€10,413
- Cash +€5,946
up €5,946 (+256%), from €2,319 to €8,265
mainly Net result for the year (+€13,156) and Trade debts (+€10,406)
- Tangible fixed assets +€5,777
up €5,777 (+46.4%), from €12,461 to €18,238
of which Plant, machinery and equipment: +€3,951
- Stocks and contracts +€4,709
up €4,709 (+231%), from €2,040 to €6,749
- Deferred charges and accrued income +€1,294
up €1,294 (+354%), from €366 to €1,661
- Reserves +€13,156
up €13,156 (+69.3%), from €18,997 to €32,153
- Trade debts +€10,406
up €10,406 (+797%), from €1,305 to €11,711
- Other debts +€4,011
up €4,011 (+2,151%), from €186 to €4,197
- Write-downs -€12,081
down €12,081 (-100%), from €12,081 to €0
- Gross operating margin +€7,312
up €7,312 (+31.3%), from €23,377 to €30,689
- Taxes +€5,620
up €5,620 (+242%), from €2,319 to €7,939
- Financial charges +€1,295
up €1,295 (+548%), from €236 to €1,532
of which Non-recurring financial charges: +€693
- Financial income -€529
down €529 (-93.9%), from €564 to €34
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 | €37,760 | €65,867 | +€28,106 | +74.4% |
| Fixed assets | 21/28 | €12,461 | €18,238 | +€5,777 | +46.4% |
| Tangible fixed assets | 22/27 | €12,461 | €18,238 | +€5,777 | +46.4% |
| Plant, machinery and equipment | 23 | €11,345 | €15,296 | +€3,951 | +34.8% |
| Furniture and vehicles | 24 | €1,116 | €2,942 | +€1,826 | +164% |
| Current assets | 29/58 | €25,300 | €47,629 | +€22,329 | +88.3% |
| Stocks and contracts in progress | 3 | €2,040 | €6,749 | +€4,709 | +231% |
| Stocks | 30/36 | €2,040 | €6,749 | +€4,709 | +231% |
| Amounts receivable within one year | 40/41 | €20,574 | €30,955 | +€10,380 | +50.5% |
| Trade receivables | 40 | €17,720 | €28,132 | +€10,413 | +58.8% |
| Other amounts receivable | 41 | €2,855 | €2,822 | -€32 | -1.1% |
| Cash at bank and in hand | 54/58 | €2,319 | €8,265 | +€5,946 | +256% |
| Deferred charges and accrued income | 490/1 | €366 | €1,661 | +€1,294 | +354% |
| Total equity and liabilities | 10/49 | €37,760 | €65,867 | +€28,106 | +74.4% |
| Equity | 10/15 | €25,197 | €38,353 | +€13,156 | +52.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,997 | €32,153 | +€13,156 | +69.3% |
| Distributable reserves | 133 | €18,997 | €32,153 | +€13,156 | +69.3% |
| Amounts payable | 17/49 | €12,564 | €27,514 | +€14,951 | +119% |
| Amounts payable within one year | 42/48 | €12,564 | €27,514 | +€14,951 | +119% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,305 | €11,711 | +€10,406 | +797% |
| Suppliers | 440/4 | €1,305 | €11,711 | +€10,406 | +797% |
| Taxes, remuneration and social security | 45 | €11,072 | €11,605 | +€533 | +4.8% |
| Taxes | 450/3 | €11,072 | €11,605 | +€533 | +4.8% |
| Other amounts payable | 47/48 | €186 | €4,197 | +€4,011 | +2,151% |
| Non-recurring operating income | 76A | €4,000 | €0 | -€4,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,885 | €6,702 | -€182 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,081 | €0 | -€12,081 | -100% |
| Other operating charges | 640/8 | €1,347 | €1,394 | +€48 | +3.6% |
| Gross operating margin | 9900 | €23,377 | €30,689 | +€7,312 | +31.3% |
| Operating profit (loss) | 9901 | €3,065 | €22,592 | +€19,527 | +637% |
| Financial income | 75/76B | €564 | €34 | -€529 | -93.9% |
| Recurring financial income | 75 | €564 | €34 | -€529 | -93.9% |
| Financial charges | 65/66B | €236 | €1,532 | +€1,295 | +548% |
| Recurring financial charges | 65 | €236 | €838 | +€602 | +255% |
| Non-recurring financial charges | 66B | - | €693 | +€693 | |
| Profit (loss) for the period before taxes | 9903 | €3,393 | €21,095 | +€17,702 | +522% |
| Income taxes | 67/77 | €2,319 | €7,939 | +€5,620 | +242% |
| Profit (loss) for the period | 9904 | €1,074 | €13,156 | +€12,082 | +1,125% |
| Profit (loss) for the period to be appropriated | 9905 | €1,074 | €13,156 | +€12,082 | +1,125% |
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 24 October 2026 via checked.be.