AFBRACO: 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.
AFBRACO
Largest movements
- Receivables within one year -€45,691
down €45,691 (-69.6%), from €65,656 to €19,966
of which Other amounts receivable: -€32,724
- Tangible fixed assets +€19,865
up €19,865 (+69.1%), from €28,729 to €48,594
of which Plant, machinery and equipment: +€24,841
- Cash +€14,464
up €14,464 (+57.4%), from €25,182 to €39,646
mainly Receivables within one year (+€45,691) and Depreciation (+€11,193)
- Deferred charges and accrued income -€8,890
down €8,890 (-14.5%), from €61,290 to €52,400
- Tax, wage and social debts -€23,333
down €23,333 (-96.0%), from €24,314 to €982
- Other debts +€7,384
up €7,384 (+18.5%), from €39,965 to €47,349
- Trade debts -€4,802
down €4,802 (-91.3%), from €5,257 to €455
- Reserves +€3,134
up €3,134 (+3.0%), from €105,072 to €108,206
- Debts after one year -€2,614
no longer reported in 2024 (was €2,614)
- Gross operating margin -€34,223
down €34,223 (-63.6%), from €53,783 to €19,560
- Taxes -€7,510
down €7,510 (-88.8%), from €8,461 to €951
- Depreciation +€3,500
up €3,500 (+45.5%), from €7,694 to €11,193
- Financial charges -€902
down €902 (-24.9%), from €3,617 to €2,715
of which Non-recurring financial charges: -€1,729
- Financial income -€656
no longer reported in 2024 (was €656)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,858 | €160,606 | -€20,252 | -11.2% |
| Fixed assets | 21/28 | €28,729 | €48,594 | +€19,865 | +69.1% |
| Tangible fixed assets | 22/27 | €28,729 | €48,594 | +€19,865 | +69.1% |
| Plant, machinery and equipment | 23 | €12,259 | €37,100 | +€24,841 | +202.6% |
| Furniture and vehicles | 24 | €8,370 | €6,087 | -€2,283 | -27.3% |
| Leasing and similar rights | 25 | €8,100 | €5,408 | -€2,693 | -33.2% |
| Current assets | 29/58 | €152,129 | €112,012 | -€40,117 | -26.4% |
| Amounts receivable within one year | 40/41 | €65,656 | €19,966 | -€45,691 | -69.6% |
| Trade receivables | 40 | €22,932 | €9,966 | -€12,967 | -56.5% |
| Other amounts receivable | 41 | €42,724 | €10,000 | -€32,724 | -76.6% |
| Cash at bank and in hand | 54/58 | €25,182 | €39,646 | +€14,464 | +57.4% |
| Deferred charges and accrued income | 490/1 | €61,290 | €52,400 | -€8,890 | -14.5% |
| Total equity and liabilities | 10/49 | €180,858 | €160,606 | -€20,252 | -11.2% |
| Equity | 10/15 | €106,072 | €109,206 | +€3,134 | +3.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €105,072 | €108,206 | +€3,134 | +3.0% |
| Distributable reserves | 133 | €105,072 | €108,206 | +€3,134 | +3.0% |
| Amounts payable | 17/49 | €74,786 | €51,400 | -€23,386 | -31.3% |
| Amounts payable after more than one year | 17 | €2,614 | - | -€2,614 | |
| Financial debts | 170/4 | €2,614 | - | -€2,614 | |
| Amounts payable within one year | 42/48 | €72,172 | €51,400 | -€20,772 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €2,636 | €2,614 | -€22 | -0.8% |
| Trade debts | 44 | €5,257 | €455 | -€4,802 | -91.3% |
| Suppliers | 440/4 | €5,257 | €455 | -€4,802 | -91.3% |
| Taxes, remuneration and social security | 45 | €24,314 | €982 | -€23,333 | -96.0% |
| Taxes | 450/3 | €24,314 | €982 | -€23,333 | -96.0% |
| Other amounts payable | 47/48 | €39,965 | €47,349 | +€7,384 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,694 | €11,193 | +€3,500 | +45.5% |
| Other operating charges | 640/8 | €949 | €1,567 | +€618 | +65.1% |
| Gross operating margin | 9900 | €53,783 | €19,560 | -€34,223 | -63.6% |
| Operating profit (loss) | 9901 | €45,140 | €6,800 | -€38,340 | -84.9% |
| Financial income | 75/76B | €656 | - | -€656 | |
| Recurring financial income | 75 | €656 | - | -€656 | |
| Financial charges | 65/66B | €3,617 | €2,715 | -€902 | -24.9% |
| Recurring financial charges | 65 | €1,889 | €2,715 | +€827 | +43.8% |
| Non-recurring financial charges | 66B | €1,729 | - | -€1,729 | |
| Profit (loss) for the period before taxes | 9903 | €42,179 | €4,085 | -€38,094 | -90.3% |
| Income taxes | 67/77 | €8,461 | €951 | -€7,510 | -88.8% |
| Profit (loss) for the period | 9904 | €33,719 | €3,134 | -€30,585 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,719 | €3,134 | -€30,585 | -90.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.