AFC-Collection: 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-Collection
Largest movements
- Cash +€222,177
up €222,177 (+1,707%), from €13,017 to €235,194
mainly Contributions, distributions and other (+€470,000) and Other debts (+€246,922)
- Stocks and contracts +€63,284
up €63,284 (+41.8%), from €151,506 to €214,790
- Tangible fixed assets -€39,461
down €39,461 (-16.4%), from €241,237 to €201,776
of which Other tangible fixed assets: -€28,029
- Intangible fixed assets -€27,069
down €27,069 (-23.1%), from €117,250 to €90,180
- Contributions +€470,000
up €470,000 (+156%), from €301,500 to €771,500
- Other debts +€246,922
up €246,922 (+2,942%), from €8,394 to €255,316
- Trade debts -€202,484
down €202,484 (-31.4%), from €645,096 to €442,612
- Debts after one year -€151,779
down €151,779 (-20.8%), from €731,057 to €579,279
of which Financial debts: -€173,424
- Accrued charges and deferred income -€100,484
down €100,484 (-97.1%), from €103,517 to €3,033
- Gross operating margin +€187,954
up €187,954 (+112%), from €168,161 to €356,115
- Staff costs -€116,104
down €116,104 (-31.4%), from €369,503 to €253,399
- Financial charges +€33,534
up €33,534 (+96.1%), from €34,910 to €68,444
- Depreciation +€29,183
up €29,183 (+67.4%), from €43,320 to €72,503
- Other operating charges -€7,130
down €7,130 (-42.9%), from €16,620 to €9,490
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 | €1,614,197 | €1,848,995 | +€234,798 | +14.5% |
| Fixed assets | 21/28 | €358,487 | €291,956 | -€66,531 | -18.6% |
| Intangible fixed assets | 21 | €117,250 | €90,180 | -€27,069 | -23.1% |
| Tangible fixed assets | 22/27 | €241,237 | €201,776 | -€39,461 | -16.4% |
| Plant, machinery and equipment | 23 | €984 | €2,029 | +€1,045 | +106% |
| Furniture and vehicles | 24 | €28,119 | €15,642 | -€12,477 | -44.4% |
| Other tangible fixed assets | 26 | €212,134 | €184,105 | -€28,029 | -13.2% |
| Current assets | 29/58 | €1,255,710 | €1,557,039 | +€301,329 | +24.0% |
| Stocks and contracts in progress | 3 | €151,506 | €214,790 | +€63,284 | +41.8% |
| Stocks | 30/36 | €151,506 | €214,790 | +€63,284 | +41.8% |
| Amounts receivable within one year | 40/41 | €1,089,834 | €1,105,094 | +€15,260 | +1.4% |
| Trade receivables | 40 | €1,046,509 | €1,104,923 | +€58,414 | +5.6% |
| Other amounts receivable | 41 | €43,324 | €171 | -€43,154 | -99.6% |
| Cash at bank and in hand | 54/58 | €13,017 | €235,194 | +€222,177 | +1,707% |
| Deferred charges and accrued income | 490/1 | €1,353 | €1,960 | +€608 | +44.9% |
| Total equity and liabilities | 10/49 | €1,614,197 | €1,848,995 | +€234,798 | +14.5% |
| Equity | 10/15 | -€280,981 | €141,298 | +€422,279 | |
| Contributions | 10/11 | €301,500 | €771,500 | +€470,000 | +156% |
| Profit (loss) carried forward | 14 | -€582,481 | -€630,202 | -€47,721 | -8.2% |
| Amounts payable | 17/49 | €1,895,178 | €1,707,696 | -€187,481 | -9.9% |
| Amounts payable after more than one year | 17 | €731,057 | €579,279 | -€151,779 | -20.8% |
| Financial debts | 170/4 | €542,557 | €369,134 | -€173,424 | -32.0% |
| Other amounts payable | 178/9 | €188,500 | €210,145 | +€21,645 | +11.5% |
| Amounts payable within one year | 42/48 | €1,060,604 | €1,125,385 | +€64,782 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €104,511 | €160,198 | +€55,687 | +53.3% |
| Financial debts | 43 | €229,063 | €157,123 | -€71,941 | -31.4% |
| Credit institutions | 430/8 | €179,381 | €157,123 | -€22,259 | -12.4% |
| Other loans | 439 | €49,682 | - | -€49,682 | |
| Trade debts | 44 | €645,096 | €442,612 | -€202,484 | -31.4% |
| Suppliers | 440/4 | €645,096 | €442,612 | -€202,484 | -31.4% |
| Taxes, remuneration and social security | 45 | €73,540 | €110,138 | +€36,598 | +49.8% |
| Taxes | 450/3 | €43,124 | €91,264 | +€48,140 | +112% |
| Remuneration and social security | 454/9 | €30,415 | €18,873 | -€11,542 | -37.9% |
| Other amounts payable | 47/48 | €8,394 | €255,316 | +€246,922 | +2,942% |
| Accrued charges and deferred income | 492/3 | €103,517 | €3,033 | -€100,484 | -97.1% |
| Remuneration, social security and pensions | 62 | €369,503 | €253,399 | -€116,104 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,320 | €72,503 | +€29,183 | +67.4% |
| Other operating charges | 640/8 | €16,620 | €9,490 | -€7,130 | -42.9% |
| Gross operating margin | 9900 | €168,161 | €356,115 | +€187,954 | +112% |
| Operating profit (loss) | 9901 | -€261,281 | €20,723 | +€282,004 | |
| Financial income | 75/76B | €5,629 | €0 | -€5,629 | -100% |
| Recurring financial income | 75 | €5,629 | €0 | -€5,629 | -100% |
| Financial charges | 65/66B | €34,910 | €68,444 | +€33,534 | +96.1% |
| Recurring financial charges | 65 | €34,910 | €68,444 | +€33,534 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | -€290,562 | -€47,721 | +€242,841 | +83.6% |
| Profit (loss) for the period | 9904 | -€290,562 | -€47,721 | +€242,841 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€290,562 | -€47,721 | +€242,841 | +83.6% |
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 15 October 2026 via checked.be.