AFC DESIGN: 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 DESIGN
Largest movements
- Receivables after one year +€12,000
up €12,000 (+33.8%), from €35,500 to €47,500
of which Trade receivables: +€6,000
- Tangible fixed assets -€8,805
down €8,805 (-19.9%), from €44,279 to €35,474
- Receivables within one year +€7,666
up €7,666 (+14.6%), from €52,623 to €60,289
of which Trade receivables: +€6,774
- Cash +€6,217
up €6,217 (+257.8%), from €2,412 to €8,629
mainly Net result for the year (+€15,673) and Depreciation (+€8,805)
- Reserves +€13,587
up €13,587 (+23.6%), from €57,598 to €71,185
of which Distributable reserves: +€13,587
- Debts after one year -€8,231
down €8,231 (-24.9%), from €33,058 to €24,828
- Tax, wage and social debts +€6,007
up €6,007 (+318.9%), from €1,883 to €7,890
- Trade debts +€3,006
up €3,006 (+9.1%), from €32,886 to €35,892
- Profit (loss) carried forward +€2,086
no longer reported in 2025 (was -€2,086)
- Gross operating margin +€15,650
up €15,650 (+81.3%), from €19,241 to €34,891
- Taxes +€6,728
up €6,728 (+425.4%), from €1,581 to €8,309
- Depreciation +€3,745
up €3,745 (+74.0%), from €5,060 to €8,805
- Financial income +€941
up €941 (+124.0%), from €759 to €1,700
- Financial charges +€544
up €544 (+34.8%), from €1,563 to €2,107
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 | €142,360 | €158,436 | +€16,076 | +11.3% |
| Fixed assets | 21/28 | €44,279 | €35,474 | -€8,805 | -19.9% |
| Tangible fixed assets | 22/27 | €44,279 | €35,474 | -€8,805 | -19.9% |
| Furniture and vehicles | 24 | €44,279 | €35,474 | -€8,805 | -19.9% |
| Current assets | 29/58 | €98,081 | €122,962 | +€24,881 | +25.4% |
| Amounts receivable after more than one year | 29 | €35,500 | €47,500 | +€12,000 | +33.8% |
| Trade receivables | 290 | €13,500 | €19,500 | +€6,000 | +44.4% |
| Other amounts receivable | 291 | €22,000 | €28,000 | +€6,000 | +27.3% |
| Stocks and contracts in progress | 3 | €6,244 | €4,912 | -€1,332 | -21.3% |
| Stocks | 30/36 | €6,244 | €4,912 | -€1,332 | -21.3% |
| Amounts receivable within one year | 40/41 | €52,623 | €60,289 | +€7,666 | +14.6% |
| Trade receivables | 40 | €50,729 | €57,502 | +€6,774 | +13.4% |
| Other amounts receivable | 41 | €1,894 | €2,787 | +€893 | +47.1% |
| Cash at bank and in hand | 54/58 | €2,412 | €8,629 | +€6,217 | +257.8% |
| Deferred charges and accrued income | 490/1 | €1,302 | €1,632 | +€330 | +25.3% |
| Total equity and liabilities | 10/49 | €142,360 | €158,436 | +€16,076 | +11.3% |
| Equity | 10/15 | €61,712 | €77,385 | +€15,673 | +25.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,598 | €71,185 | +€13,587 | +23.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,738 | €69,325 | +€13,587 | +24.4% |
| Profit (loss) carried forward | 14 | -€2,086 | - | +€2,086 | |
| Amounts payable | 17/49 | €80,648 | €81,052 | +€403 | +0.5% |
| Amounts payable after more than one year | 17 | €33,058 | €24,828 | -€8,231 | -24.9% |
| Financial debts | 170/4 | €33,058 | €24,828 | -€8,231 | -24.9% |
| Amounts payable within one year | 42/48 | €47,590 | €56,224 | +€8,634 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €7,804 | €8,231 | +€426 | +5.5% |
| Trade debts | 44 | €32,886 | €35,892 | +€3,006 | +9.1% |
| Suppliers | 440/4 | €32,886 | €35,892 | +€3,006 | +9.1% |
| Taxes, remuneration and social security | 45 | €1,883 | €7,890 | +€6,007 | +318.9% |
| Taxes | 450/3 | €1,883 | €7,890 | +€6,007 | +318.9% |
| Other amounts payable | 47/48 | €5,016 | €4,212 | -€805 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,060 | €8,805 | +€3,745 | +74.0% |
| Other operating charges | 640/8 | €2,170 | €1,697 | -€473 | -21.8% |
| Gross operating margin | 9900 | €19,241 | €34,891 | +€15,650 | +81.3% |
| Operating profit (loss) | 9901 | €12,011 | €24,389 | +€12,378 | +103.1% |
| Financial income | 75/76B | €759 | €1,700 | +€941 | +124.0% |
| Recurring financial income | 75 | €759 | €1,700 | +€941 | +124.0% |
| Financial charges | 65/66B | €1,563 | €2,107 | +€544 | +34.8% |
| Recurring financial charges | 65 | €1,563 | €2,107 | +€544 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €11,207 | €23,982 | +€12,775 | +114.0% |
| Income taxes | 67/77 | €1,581 | €8,309 | +€6,728 | +425.4% |
| Profit (loss) for the period | 9904 | €9,626 | €15,673 | +€6,048 | +62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,626 | €15,673 | +€6,048 | +62.8% |
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 12 October 2026 via checked.be.