AFC MORTSEL: 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 MORTSEL
Largest movements
- Tangible fixed assets -€5,574
down €5,574 (-25.0%), from €22,256 to €16,681
of which Plant, machinery and equipment: -€3,135
- Receivables within one year -€3,364
down €3,364 (-68.1%), from €4,941 to €1,577
of which Other amounts receivable: -€3,307
- Cash +€3,192
up €3,192 (+36.6%), from €8,730 to €11,922
mainly Net result for the year (+€19,667) and Depreciation (+€7,196)
- Stocks and contracts -€653
down €653 (-26.1%), from €2,497 to €1,844
- Other debts -€20,150
down €20,150 (-34.7%), from €58,045 to €37,894
- Profit (loss) carried forward +€19,667
up €19,667 (+33.4%), from -€58,840 to -€39,173
- Trade debts -€3,276
down €3,276 (-29.9%), from €10,942 to €7,666
- Tax, wage and social debts -€2,639
down €2,639 (-31.9%), from €8,276 to €5,637
of which Remuneration and social security: -€2,236
- Gross operating margin +€26,699
up €26,699 (+88.3%), from €30,253 to €56,952
- Staff costs -€5,807
down €5,807 (-17.8%), from €32,646 to €26,839
- Depreciation +€2,005
up €2,005 (+38.6%), from €5,191 to €7,196
- Financial charges +€927
up €927 (+475%), from €195 to €1,123
- Other operating charges -€897
down €897 (-29.7%), from €3,024 to €2,127
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.
Derived cash bridge
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 | €38,423 | €32,025 | -€6,398 | -16.7% |
| Fixed assets | 21/28 | €22,256 | €16,681 | -€5,574 | -25.0% |
| Tangible fixed assets | 22/27 | €22,256 | €16,681 | -€5,574 | -25.0% |
| Plant, machinery and equipment | 23 | €9,063 | €5,928 | -€3,135 | -34.6% |
| Furniture and vehicles | 24 | €3,725 | €4,190 | +€465 | +12.5% |
| Other tangible fixed assets | 26 | €9,468 | €6,564 | -€2,904 | -30.7% |
| Current assets | 29/58 | €16,167 | €15,343 | -€824 | -5.1% |
| Stocks and contracts in progress | 3 | €2,497 | €1,844 | -€653 | -26.1% |
| Stocks | 30/36 | €2,497 | €1,844 | -€653 | -26.1% |
| Amounts receivable within one year | 40/41 | €4,941 | €1,577 | -€3,364 | -68.1% |
| Trade receivables | 40 | €56 | - | -€56 | |
| Other amounts receivable | 41 | €4,884 | €1,577 | -€3,307 | -67.7% |
| Cash at bank and in hand | 54/58 | €8,730 | €11,922 | +€3,192 | +36.6% |
| Total equity and liabilities | 10/49 | €38,423 | €32,025 | -€6,398 | -16.7% |
| Equity | 10/15 | -€38,840 | -€19,173 | +€19,667 | +50.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,840 | -€39,173 | +€19,667 | +33.4% |
| Amounts payable | 17/49 | €77,263 | €51,198 | -€26,065 | -33.7% |
| Amounts payable within one year | 42/48 | €77,263 | €51,198 | -€26,065 | -33.7% |
| Trade debts | 44 | €10,942 | €7,666 | -€3,276 | -29.9% |
| Suppliers | 440/4 | €10,942 | €7,666 | -€3,276 | -29.9% |
| Taxes, remuneration and social security | 45 | €8,276 | €5,637 | -€2,639 | -31.9% |
| Taxes | 450/3 | €402 | - | -€402 | |
| Remuneration and social security | 454/9 | €7,874 | €5,637 | -€2,236 | -28.4% |
| Other amounts payable | 47/48 | €58,045 | €37,894 | -€20,150 | -34.7% |
| Remuneration, social security and pensions | 62 | €32,646 | €26,839 | -€5,807 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,191 | €7,196 | +€2,005 | +38.6% |
| Other operating charges | 640/8 | €3,024 | €2,127 | -€897 | -29.7% |
| Gross operating margin | 9900 | €30,253 | €56,952 | +€26,699 | +88.3% |
| Operating profit (loss) | 9901 | -€10,608 | €20,790 | +€31,398 | |
| Financial charges | 65/66B | €195 | €1,123 | +€927 | +475% |
| Recurring financial charges | 65 | €195 | €1,123 | +€927 | +475% |
| Profit (loss) for the period before taxes | 9903 | -€10,804 | €19,667 | +€30,471 | |
| Profit (loss) for the period | 9904 | -€10,804 | €19,667 | +€30,471 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,804 | €19,667 | +€30,471 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.