AFC Project: 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 Project
Largest movements
- Receivables within one year +€55,840
new in 2025: €55,840
- Cash -€6,418
down €6,418 (-54.0%), from €11,878 to €5,460
mainly Receivables within one year (-€55,840) and Tax, wage and social debts (-€1,858)
- Stocks and contracts +€702
up €702 (+34.3%), from €2,045 to €2,747
- Trade debts +€52,099
up €52,099 (+3160.5%), from €1,648 to €53,747
- Tax, wage and social debts -€1,858
down €1,858 (-25.4%), from €7,314 to €5,456
of which Remuneration and social security: -€4,212
- Taxes +€1,132
new in 2025: €1,132
- Gross operating margin -€774
down €774 (-33.5%), from €2,309 to €1,535
- Financial charges -€217
down €217 (-38.7%), from €561 to €344
- Other operating charges +€26
up €26 (+17.6%), from €149 to €175
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 | €13,923 | €64,047 | +€50,124 | +360.0% |
| Current assets | 29/58 | €13,923 | €64,047 | +€50,124 | +360.0% |
| Stocks and contracts in progress | 3 | €2,045 | €2,747 | +€702 | +34.3% |
| Stocks | 30/36 | €2,045 | €2,747 | +€702 | +34.3% |
| Amounts receivable within one year | 40/41 | - | €55,840 | +€55,840 | |
| Trade receivables | 40 | - | €55,840 | +€55,840 | |
| Cash at bank and in hand | 54/58 | €11,878 | €5,460 | -€6,418 | -54.0% |
| Total equity and liabilities | 10/49 | €13,923 | €64,047 | +€50,124 | +360.0% |
| Equity | 10/15 | €4,960 | €4,844 | -€116 | -2.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40 | -€156 | -€116 | -294.0% |
| Amounts payable | 17/49 | €8,963 | €59,203 | +€50,240 | +560.6% |
| Amounts payable within one year | 42/48 | €8,963 | €59,203 | +€50,240 | +560.6% |
| Trade debts | 44 | €1,648 | €53,747 | +€52,099 | +3160.5% |
| Suppliers | 440/4 | €1,648 | €53,747 | +€52,099 | +3160.5% |
| Taxes, remuneration and social security | 45 | €7,314 | €5,456 | -€1,858 | -25.4% |
| Taxes | 450/3 | €2,653 | €5,006 | +€2,353 | +88.7% |
| Remuneration and social security | 454/9 | €4,662 | €450 | -€4,212 | -90.3% |
| Other operating charges | 640/8 | €149 | €175 | +€26 | +17.6% |
| Gross operating margin | 9900 | €2,309 | €1,535 | -€774 | -33.5% |
| Operating profit (loss) | 9901 | €2,160 | €1,360 | -€800 | -37.0% |
| Financial charges | 65/66B | €561 | €344 | -€217 | -38.7% |
| Recurring financial charges | 65 | €561 | €344 | -€217 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €1,599 | €1,016 | -€583 | -36.5% |
| Income taxes | 67/77 | - | €1,132 | +€1,132 | |
| Profit (loss) for the period | 9904 | €1,599 | -€116 | -€1,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,599 | -€116 | -€1,715 |
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 10 October 2026 via checked.be.