AFC Belgique: 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.
AFC Belgique
Largest movements
- Receivables within one year +€45,746
up €45,746 (+82.9%), from €55,153 to €100,899
of which Trade receivables: +€45,823
- Cash -€18,515
down €18,515 (-31.4%), from €59,045 to €40,530
mainly Receivables within one year (-€45,746) and Deferred charges and accrued income (-€1,516)
- Deferred charges and accrued income +€1,516
up €1,516 (+177%), from €856 to €2,372
- Trade debts +€13,729
up €13,729 (+1,464%), from €938 to €14,666
- Profit (loss) carried forward +€10,848
up €10,848 (+13.1%), from €82,798 to €93,646
- Tax, wage and social debts +€2,845
up €2,845 (+11.2%), from €25,383 to €28,228
- Write-downs -€4,590
down €4,590, from €1,620 to -€2,970
- Gross operating margin -€3,435
down €3,435 (-12.8%), from €26,923 to €23,487
- Financial income -€829
down €829 (-69.1%), from €1,200 to €371
- Other operating charges -€771
down €771 (-7.1%), from €10,885 to €10,114
- Taxes +€405
up €405 (+11.6%), from €3,490 to €3,895
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 | €120,678 | €148,100 | +€27,422 | +22.7% |
| Fixed assets | 21/28 | €5,624 | €4,299 | -€1,325 | -23.6% |
| Intangible fixed assets | 21 | €4,624 | €3,299 | -€1,325 | -28.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €115,054 | €143,801 | +€28,747 | +25.0% |
| Amounts receivable within one year | 40/41 | €55,153 | €100,899 | +€45,746 | +82.9% |
| Trade receivables | 40 | €55,077 | €100,899 | +€45,823 | +83.2% |
| Other amounts receivable | 41 | €77 | €0 | -€77 | -100% |
| Cash at bank and in hand | 54/58 | €59,045 | €40,530 | -€18,515 | -31.4% |
| Deferred charges and accrued income | 490/1 | €856 | €2,372 | +€1,516 | +177% |
| Total equity and liabilities | 10/49 | €120,678 | €148,100 | +€27,422 | +22.7% |
| Equity | 10/15 | €93,958 | €104,806 | +€10,848 | +11.5% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,798 | €93,646 | +€10,848 | +13.1% |
| Amounts payable | 17/49 | €26,720 | €43,294 | +€16,574 | +62.0% |
| Amounts payable within one year | 42/48 | €26,720 | €43,294 | +€16,574 | +62.0% |
| Trade debts | 44 | €938 | €14,666 | +€13,729 | +1,464% |
| Suppliers | 440/4 | €938 | €14,666 | +€13,729 | +1,464% |
| Taxes, remuneration and social security | 45 | €25,383 | €28,228 | +€2,845 | +11.2% |
| Taxes | 450/3 | €25,383 | €28,228 | +€2,845 | +11.2% |
| Other amounts payable | 47/48 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €1,325 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,620 | -€2,970 | -€4,590 | |
| Other operating charges | 640/8 | €10,885 | €10,114 | -€771 | -7.1% |
| Gross operating margin | 9900 | €26,923 | €23,487 | -€3,435 | -12.8% |
| Operating profit (loss) | 9901 | €13,093 | €15,018 | +€1,925 | +14.7% |
| Financial income | 75/76B | €1,200 | €371 | -€829 | -69.1% |
| Recurring financial income | 75 | €1,200 | €371 | -€829 | -69.1% |
| Financial charges | 65/66B | €600 | €646 | +€46 | +7.6% |
| Recurring financial charges | 65 | €600 | €646 | +€46 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €13,693 | €14,743 | +€1,050 | +7.7% |
| Income taxes | 67/77 | €3,490 | €3,895 | +€405 | +11.6% |
| Profit (loss) for the period | 9904 | €10,203 | €10,848 | +€645 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,203 | €10,848 | +€645 | +6.3% |
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 26 October 2026 via checked.be.