AFDECO: 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.
AFDECO
Largest movements
- Receivables within one year +€9,500
up €9,500 (+462%), from €2,056 to €11,556
of which Trade receivables: +€5,395
- Tangible fixed assets -€4,353
down €4,353 (-65.9%), from €6,602 to €2,249
- Contributions +€2,900
up €2,900 (+580%), from €500 to €3,400
- Trade debts +€1,402
up €1,402 (+431%), from €326 to €1,728
- Profit (loss) carried forward +€1,153
up €1,153 (+14.3%), from €8,042 to €9,195
- Other debts -€532
no longer reported in 2025 (was €532)
- Tax, wage and social debts +€238
new in 2025: €238
- Gross operating margin +€1,600
up €1,600 (+36.3%), from €4,407 to €6,008
- Other operating charges -€1,587
no longer reported in 2025 (was €1,587)
- Depreciation -€645
down €645 (-12.9%), from €4,997 to €4,353
- Taxes +€238
new in 2025: €238
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 | €9,411 | €14,561 | +€5,150 | +54.7% |
| Fixed assets | 21/28 | €6,920 | €2,567 | -€4,353 | -62.9% |
| Tangible fixed assets | 22/27 | €6,602 | €2,249 | -€4,353 | -65.9% |
| Furniture and vehicles | 24 | €6,602 | €2,249 | -€4,353 | -65.9% |
| Financial fixed assets | 28 | €318 | €318 | = | 0.0% |
| Current assets | 29/58 | €2,491 | €11,994 | +€9,503 | +381% |
| Amounts receivable within one year | 40/41 | €2,056 | €11,556 | +€9,500 | +462% |
| Trade receivables | 40 | €454 | €5,849 | +€5,395 | +1,189% |
| Other amounts receivable | 41 | €1,602 | €5,708 | +€4,106 | +256% |
| Cash at bank and in hand | 54/58 | - | €3 | +€3 | |
| Deferred charges and accrued income | 490/1 | €435 | €435 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,411 | €14,561 | +€5,150 | +54.7% |
| Equity | 10/15 | €8,542 | €12,595 | +€4,053 | +47.5% |
| Contributions | 10/11 | €500 | €3,400 | +€2,900 | +580% |
| Profit (loss) carried forward | 14 | €8,042 | €9,195 | +€1,153 | +14.3% |
| Amounts payable | 17/49 | €869 | €1,966 | +€1,097 | +126% |
| Amounts payable within one year | 42/48 | €869 | €1,966 | +€1,097 | +126% |
| Financial debts | 43 | €11 | - | -€11 | |
| Credit institutions | 430/8 | €11 | - | -€11 | |
| Trade debts | 44 | €326 | €1,728 | +€1,402 | +431% |
| Suppliers | 440/4 | €326 | €1,728 | +€1,402 | +431% |
| Taxes, remuneration and social security | 45 | - | €238 | +€238 | |
| Taxes | 450/3 | - | €238 | +€238 | |
| Other amounts payable | 47/48 | €532 | - | -€532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,997 | €4,353 | -€645 | -12.9% |
| Other operating charges | 640/8 | €1,587 | - | -€1,587 | |
| Gross operating margin | 9900 | €4,407 | €6,008 | +€1,600 | +36.3% |
| Operating profit (loss) | 9901 | -€2,177 | €1,655 | +€3,832 | |
| Financial charges | 65/66B | €273 | €264 | -€9 | -3.3% |
| Recurring financial charges | 65 | €273 | €264 | -€9 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,450 | €1,392 | +€3,841 | |
| Income taxes | 67/77 | - | €238 | +€238 | |
| Profit (loss) for the period | 9904 | -€2,450 | €1,153 | +€3,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,450 | €1,153 | +€3,603 |
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 13 October 2026 via checked.be.