AFFINCURA: 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.
AFFINCURA
Largest movements
- Intangible fixed assets -€15,000
down €15,000 (-28.8%), from €52,042 to €37,042
- Receivables within one year -€7,713
down €7,713 (-32.0%), from €24,082 to €16,369
of which Trade receivables: -€5,931
- Current portion of long-term debt -€20,189
down €20,189 (-91.6%), from €22,035 to €1,846
- Profit (loss) carried forward +€7,190
up €7,190 (+20.2%), from -€35,506 to -€28,316
- Other debts -€7,008
down €7,008 (-92.9%), from €7,545 to €538
- Trade debts -€1,883
down €1,883 (-71.6%), from €2,629 to €746
- Debts after one year -€1,846
down €1,846 (-100%), from €1,846 to €0
- Staff costs -€7,113
down €7,113 (-100%), from €7,113 to €0
- Gross operating margin -€4,937
down €4,937 (-15.8%), from €31,241 to €26,304
- Financial charges -€797
down €797 (-17.9%), from €4,465 to €3,668
- Depreciation -€604
down €604 (-3.9%), from €15,604 to €15,000
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 | €77,369 | €54,857 | -€22,511 | -29.1% |
| Fixed assets | 21/28 | €53,129 | €38,129 | -€15,000 | -28.2% |
| Intangible fixed assets | 21 | €52,042 | €37,042 | -€15,000 | -28.8% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,087 | €1,087 | = | 0.0% |
| Current assets | 29/58 | €24,240 | €16,729 | -€7,511 | -31.0% |
| Amounts receivable within one year | 40/41 | €24,082 | €16,369 | -€7,713 | -32.0% |
| Trade receivables | 40 | €20,805 | €14,875 | -€5,931 | -28.5% |
| Other amounts receivable | 41 | €3,276 | €1,495 | -€1,782 | -54.4% |
| Cash at bank and in hand | 54/58 | €158 | €360 | +€201 | +127% |
| Total equity and liabilities | 10/49 | €77,369 | €54,857 | -€22,511 | -29.1% |
| Equity | 10/15 | €7,692 | €14,882 | +€7,190 | +93.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,998 | €36,998 | = | 0.0% |
| Distributable reserves | 133 | €36,998 | €36,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,506 | -€28,316 | +€7,190 | +20.2% |
| Amounts payable | 17/49 | €69,676 | €39,975 | -€29,701 | -42.6% |
| Amounts payable after more than one year | 17 | €1,846 | €0 | -€1,846 | -100% |
| Financial debts | 170/4 | €1,846 | €0 | -€1,846 | -100% |
| Amounts payable within one year | 42/48 | €67,830 | €39,975 | -€27,855 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €22,035 | €1,846 | -€20,189 | -91.6% |
| Financial debts | 43 | €34,875 | €34,769 | -€107 | -0.3% |
| Credit institutions | 430/8 | €34,875 | €34,769 | -€107 | -0.3% |
| Trade debts | 44 | €2,629 | €746 | -€1,883 | -71.6% |
| Suppliers | 440/4 | €2,629 | €746 | -€1,883 | -71.6% |
| Taxes, remuneration and social security | 45 | €746 | €2,077 | +€1,332 | +179% |
| Taxes | 450/3 | €746 | €2,077 | +€1,332 | +179% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,545 | €538 | -€7,008 | -92.9% |
| Remuneration, social security and pensions | 62 | €7,113 | €0 | -€7,113 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,604 | €15,000 | -€604 | -3.9% |
| Other operating charges | 640/8 | €442 | €446 | +€4 | +0.8% |
| Gross operating margin | 9900 | €31,241 | €26,304 | -€4,937 | -15.8% |
| Operating profit (loss) | 9901 | €8,082 | €10,858 | +€2,776 | +34.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,465 | €3,668 | -€797 | -17.9% |
| Recurring financial charges | 65 | €4,465 | €3,668 | -€797 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €3,617 | €7,190 | +€3,573 | +98.8% |
| Profit (loss) for the period | 9904 | €3,617 | €7,190 | +€3,573 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,617 | €7,190 | +€3,573 | +98.8% |
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 21 October 2026 via checked.be.