AFD EUPEN: what changed
Two fiscal 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.
What changed
AFD EUPEN
NACE 93.121, Football clubs
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5.4m
2024 · -€7.1m+€1.7m
Equity
€9.0m
2024 · -€3.1m+€12.1m
Cash
€2.6m
2024 · €143,959+€2.5m
Balance sheet total
€15.9m
2024 · €9.6m+€6.3m
Largest movements
Assets
- Receivables within one year +€5.0m
up €5.0m (+70.0%), from €7.2m to €12.2m
of which Trade receivables: +€5.0m
- Cash +€2.5m
up €2.5m (+1739.6%), from €143,959 to €2.6m
mainly Contributions, distributions and other (+€17.5m) and Investment in fixed assets (net) (+€764,594)
- Intangible fixed assets -€1.1m
down €1.1m (-89.2%), from €1.2m to €131,435
Equity and liabilities
- Contributions +€17.5m
up €17.5m (+24.0%), from €72.8m to €90.3m
- Profit (loss) carried forward -€5.4m
down €5.4m (-7.1%), from -€75.9m to -€81.3m
- Other debts -€4.3m
down €4.3m (-93.8%), from €4.6m to €286,926
- Tax, wage and social debts -€1.2m
down €1.2m (-35.8%), from €3.4m to €2.2m
of which Remuneration and social security: -€1.3m
- Trade debts -€233,961
down €233,961 (-5.1%), from €4.6m to €4.3m
Income statement
- Staff costs -€7.8m
down €7.8m (-38.5%), from €20.2m to €12.4m
- Other operating income -€5.0m
down €5.0m (-75.7%), from €6.5m to €1.6m
- Turnover -€3.0m
down €3.0m (-18.3%), from €16.2m to €13.2m
- Services and other goods -€1.6m
down €1.6m (-23.4%), from €7.0m to €5.4m
- Other operating charges +€1.1m
up €1.1m (+123.5%), from €850,328 to €1.9m
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.
Result 2024
-€7.1m
Turnover
-€3.0m
Other operating income
-€5.0m
Goods and materials
-€51,425
Services and other goods
+€1.6m
Staff costs
+€7.8m
Depreciation
+€556,971
Write-downs
+€486,627
Other operating charges
-€1.1m
Other operating items
+€238,757
Financial income
+€2,494
Financial charges
+€7,893
Taxes
+€56,122
Result 2025
-€5.4m
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.
From operations
-€15.7m
Investment
+€764,594
Financing
+€17.5m
Cash 2024
€143,959
From operations (derived)
-€15.7m
Net result for the year
-€5.4m
Depreciation
+€455,279
Smaller working-capital items
+€16,013
Receivables within one year
-€5.0m
Trade debts
-€233,961
Tax, wage and social debts
-€1.2m
Other debts
-€4.3m
Accrued charges and deferred income
-€44,117
Investment (derived)
+€764,594
Investment in fixed assets (net)
+€764,594
Financing
+€17.5m
Debts after one year
-€16,902
Current portion of long-term debt
+€1,470
Contributions, distributions and other
+€17.5m
Cash 2025
€2.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,615,565 | €15,910,301 | +€6.3m | +65.5% |
| Fixed assets | 21/28 | €2,175,771 | €955,899 | -€1.2m | -56.1% |
| Intangible fixed assets | 21 | €1,219,018 | €131,435 | -€1.1m | -89.2% |
| Tangible fixed assets | 22/27 | €778,681 | €674,842 | -€103,839 | -13.3% |
| Plant, machinery and equipment | 23 | €81,108 | €69,837 | -€11,271 | -13.9% |
| Furniture and vehicles | 24 | €143,097 | €103,023 | -€40,074 | -28.0% |
| Other tangible fixed assets | 26 | €554,476 | €501,982 | -€52,494 | -9.5% |
| Financial fixed assets | 28 | €178,072 | €149,621 | -€28,451 | -16.0% |
| Other financial fixed assets | 284/8 | €178,072 | €149,621 | -€28,451 | -16.0% |
| Amounts receivable and cash guarantees | 285/8 | €178,072 | €149,621 | -€28,451 | -16.0% |
| Current assets | 29/58 | €7,439,793 | €14,954,402 | +€7.5m | +101.0% |
| Stocks and contracts in progress | 3 | €15,800 | €7,650 | -€8,149 | -51.6% |
| Stocks | 30/36 | €15,800 | €7,650 | -€8,149 | -51.6% |
| Raw materials and consumables | 30/31 | €15,800 | €7,650 | -€8,149 | -51.6% |
| Amounts receivable within one year | 40/41 | €7,179,994 | €12,205,173 | +€5.0m | +70.0% |
| Trade receivables | 40 | €7,057,128 | €12,084,474 | +€5.0m | +71.2% |
| Other amounts receivable | 41 | €122,866 | €120,700 | -€2,167 | -1.8% |
| Cash at bank and in hand | 54/58 | €143,959 | €2,648,192 | +€2.5m | +1739.6% |
| Deferred charges and accrued income | 490/1 | €100,041 | €93,387 | -€6,654 | -6.7% |
| Total equity and liabilities | 10/49 | €9,615,565 | €15,910,301 | +€6.3m | +65.5% |
| Equity | 10/15 | -€3,073,189 | €9,047,205 | +€12.1m | |
| Contributions | 10/11 | €72,804,463 | €90,300,476 | +€17.5m | +24.0% |
| Capital | 10 | €72,804,463 | €90,300,476 | +€17.5m | +24.0% |
| Issued capital | 100 | €72,804,463 | €90,300,476 | +€17.5m | +24.0% |
| Profit (loss) carried forward | 14 | -€75,877,651 | -€81,253,271 | -€5.4m | -7.1% |
| Amounts payable | 17/49 | €12,688,753 | €6,863,096 | -€5.8m | -45.9% |
| Amounts payable after more than one year | 17 | €58,195 | €41,292 | -€16,902 | -29.0% |
| Financial debts | 170/4 | €58,195 | €41,292 | -€16,902 | -29.0% |
| Other loans | 174 | €58,195 | €41,292 | -€16,902 | -29.0% |
| Amounts payable within one year | 42/48 | €12,576,620 | €6,811,983 | -€5.8m | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €15,432 | €16,902 | +€1,470 | +9.5% |
| Trade debts | 44 | €4,581,116 | €4,347,154 | -€233,961 | -5.1% |
| Suppliers | 440/4 | €4,581,116 | €4,347,154 | -€233,961 | -5.1% |
| Advances received on contracts in progress | 46 | - | €1,210 | +€1,210 | |
| Taxes, remuneration and social security | 45 | €3,364,790 | €2,159,790 | -€1.2m | -35.8% |
| Taxes | 450/3 | €257,688 | €337,219 | +€79,531 | +30.9% |
| Remuneration and social security | 454/9 | €3,107,102 | €1,822,572 | -€1.3m | -41.3% |
| Other amounts payable | 47/48 | €4,615,283 | €286,926 | -€4.3m | -93.8% |
| Accrued charges and deferred income | 492/3 | €53,938 | €9,821 | -€44,117 | -81.8% |
| Operating income | 70/76A | €22,723,637 | €14,808,376 | -€7.9m | -34.8% |
| Turnover | 70 | €16,180,760 | €13,219,316 | -€3.0m | -18.3% |
| Other operating income | 74 | €6,542,877 | €1,589,060 | -€5.0m | -75.7% |
| Operating charges | 60/66A | €29,648,134 | €20,057,881 | -€9.6m | -32.3% |
| Goods for resale, raw materials and consumables | 60 | €144,167 | €195,592 | +€51,425 | +35.7% |
| Purchases | 600/8 | €147,713 | €187,443 | +€39,730 | +26.9% |
| Change in stocks: decrease (increase) | 609 | -€3,546 | €8,149 | +€11,695 | |
| Services and other goods | 61 | €7,011,869 | €5,368,294 | -€1.6m | -23.4% |
| Remuneration, social security and pensions | 62 | €20,184,690 | €12,418,825 | -€7.8m | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012,250 | €455,279 | -€556,971 | -55.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €201,626 | -€285,002 | -€486,627 | |
| Other operating charges | 640/8 | €850,328 | €1,900,445 | +€1.1m | +123.5% |
| Non-recurring operating charges | 66A | €243,205 | €4,447 | -€238,757 | -98.2% |
| Operating profit (loss) | 9901 | -€6,924,497 | -€5,249,505 | +€1.7m | +24.2% |
| Financial income | 75/76B | €55 | €2,549 | +€2,494 | +4555.7% |
| Recurring financial income | 75 | €55 | €2,549 | +€2,494 | +4555.7% |
| Other financial income | 752/9 | €55 | €2,549 | +€2,494 | +4555.7% |
| Financial charges | 65/66B | €23,412 | €15,519 | -€7,893 | -33.7% |
| Recurring financial charges | 65 | €23,412 | €15,519 | -€7,893 | -33.7% |
| Debt charges | 650 | €2,563 | €2,156 | -€407 | -15.9% |
| Other financial charges | 652/9 | €20,850 | €13,364 | -€7,486 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,947,855 | -€5,262,475 | +€1.7m | +24.3% |
| Income taxes | 67/77 | €169,266 | €113,145 | -€56,122 | -33.2% |
| Taxes | 670/3 | €169,266 | €113,145 | -€56,122 | -33.2% |
| Profit (loss) for the period | 9904 | -€7,117,121 | -€5,375,620 | +€1.7m | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,117,121 | -€5,375,620 | +€1.7m | +24.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.