AFDISE: 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.
AFDISE
Largest movements
- Tangible fixed assets +€66,101
up €66,101 (+677.8%), from €9,752 to €75,853
of which Furniture and vehicles: +€67,437
- Cash -€33,291
down €33,291 (-54.8%), from €60,797 to €27,507
mainly Investment in fixed assets (net) (-€79,754) and Net result for the year (-€22,400)
- Receivables within one year -€14,459
down €14,459 (-45.7%), from €31,668 to €17,208
of which Trade receivables: -€8,948
- Debts after one year +€41,009
new in 2025: €41,009
- Profit (loss) carried forward -€22,400
down €22,400 (-29.8%), from €75,209 to €52,808
- Current portion of long-term debt +€7,830
up €7,830 (+187.3%), from €4,182 to €12,012
- Tax, wage and social debts -€6,536
down €6,536 (-41.2%), from €15,874 to €9,339
of which Taxes: -€6,536
- Gross operating margin -€55,329
down €55,329, from €51,561 to -€3,767
- Taxes -€13,909
down €13,909 (-96.7%), from €14,376 to €467
- Depreciation +€11,970
up €11,970 (+710.8%), from €1,684 to €13,654
- Financial charges +€1,557
up €1,557 (+853.5%), from €182 to €1,740
- Other operating charges +€1,192
up €1,192 (+75.4%), from €1,580 to €2,773
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 | €102,217 | €120,568 | +€18,351 | +18.0% |
| Fixed assets | 21/28 | €9,752 | €75,853 | +€66,101 | +677.8% |
| Tangible fixed assets | 22/27 | €9,752 | €75,853 | +€66,101 | +677.8% |
| Plant, machinery and equipment | 23 | €6,461 | €5,124 | -€1,337 | -20.7% |
| Furniture and vehicles | 24 | €3,291 | €70,728 | +€67,437 | +2049.0% |
| Current assets | 29/58 | €92,465 | €44,715 | -€47,750 | -51.6% |
| Amounts receivable within one year | 40/41 | €31,668 | €17,208 | -€14,459 | -45.7% |
| Trade receivables | 40 | €13,788 | €4,840 | -€8,948 | -64.9% |
| Other amounts receivable | 41 | €17,880 | €12,368 | -€5,511 | -30.8% |
| Cash at bank and in hand | 54/58 | €60,797 | €27,507 | -€33,291 | -54.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €102,217 | €120,568 | +€18,351 | +18.0% |
| Equity | 10/15 | €80,209 | €57,808 | -€22,400 | -27.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €75,209 | €52,808 | -€22,400 | -29.8% |
| Amounts payable | 17/49 | €22,008 | €62,759 | +€40,751 | +185.2% |
| Amounts payable after more than one year | 17 | - | €41,009 | +€41,009 | |
| Financial debts | 170/4 | - | €41,009 | +€41,009 | |
| Amounts payable within one year | 42/48 | €21,516 | €21,751 | +€234 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €4,182 | €12,012 | +€7,830 | +187.3% |
| Trade debts | 44 | €422 | €400 | -€22 | -5.2% |
| Suppliers | 440/4 | €422 | €400 | -€22 | -5.2% |
| Taxes, remuneration and social security | 45 | €15,874 | €9,339 | -€6,536 | -41.2% |
| Taxes | 450/3 | €15,874 | €9,339 | -€6,536 | -41.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,039 | - | -€1,039 | |
| Accrued charges and deferred income | 492/3 | €492 | - | -€492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,684 | €13,654 | +€11,970 | +710.8% |
| Other operating charges | 640/8 | €1,580 | €2,773 | +€1,192 | +75.4% |
| Gross operating margin | 9900 | €51,561 | -€3,767 | -€55,329 | |
| Operating profit (loss) | 9901 | €48,297 | -€20,193 | -€68,490 | |
| Financial charges | 65/66B | €182 | €1,740 | +€1,557 | +853.5% |
| Recurring financial charges | 65 | €182 | €1,740 | +€1,557 | +853.5% |
| Profit (loss) for the period before taxes | 9903 | €48,115 | -€21,933 | -€70,048 | |
| Income taxes | 67/77 | €14,376 | €467 | -€13,909 | -96.7% |
| Profit (loss) for the period | 9904 | €33,739 | -€22,400 | -€56,139 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,739 | -€22,400 | -€56,139 |
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.