AFFINDENT: 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.
AFFINDENT
Largest movements
- Current investments +€100,843
up €100,843 (+21.7%), from €465,378 to €566,220
- Tangible fixed assets +€48,466
up €48,466 (+25.1%), from €193,109 to €241,575
of which Plant, machinery and equipment: +€50,178
- Deferred charges and accrued income -€14,931
down €14,931 (-68.5%), from €21,786 to €6,855
- Cash +€12,717
up €12,717 (+4.1%), from €310,398 to €323,115
mainly Net result for the year (+€233,723) and Other debts (+€132,332)
- Other debts +€132,332
new in 2025: €132,332
- Tax, wage and social debts +€24,796
up €24,796 (+129.5%), from €19,152 to €43,948
- Debts after one year -€18,333
down €18,333 (-30.0%), from €61,112 to €42,778
- Gross operating margin +€6,773
up €6,773 (+1.9%), from €350,642 to €357,415
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 | €991,136 | €1,138,229 | +€147,093 | +14.8% |
| Fixed assets | 21/28 | €193,572 | €242,038 | +€48,466 | +25.0% |
| Tangible fixed assets | 22/27 | €193,109 | €241,575 | +€48,466 | +25.1% |
| Land and buildings | 22 | €162,948 | €151,053 | -€11,895 | -7.3% |
| Plant, machinery and equipment | 23 | €10,765 | €60,943 | +€50,178 | +466.1% |
| Furniture and vehicles | 24 | - | €14,160 | +€14,160 | |
| Other tangible fixed assets | 26 | €19,396 | €15,419 | -€3,977 | -20.5% |
| Financial fixed assets | 28 | €463 | €463 | = | 0.0% |
| Current assets | 29/58 | €797,564 | €896,191 | +€98,627 | +12.4% |
| Amounts receivable within one year | 40/41 | €2 | €0 | -€2 | -100.0% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100.0% |
| Current investments | 50/53 | €465,378 | €566,220 | +€100,843 | +21.7% |
| Cash at bank and in hand | 54/58 | €310,398 | €323,115 | +€12,717 | +4.1% |
| Deferred charges and accrued income | 490/1 | €21,786 | €6,855 | -€14,931 | -68.5% |
| Total equity and liabilities | 10/49 | €991,136 | €1,138,229 | +€147,093 | +14.8% |
| Equity | 10/15 | €879,521 | €877,046 | -€2,475 | -0.3% |
| Reserves | 13 | €879,521 | €877,046 | -€2,475 | -0.3% |
| Tax-exempt reserves | 132 | €1,633 | €1,633 | = | 0.0% |
| Distributable reserves | 133 | €877,889 | €875,413 | -€2,475 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €111,614 | €261,183 | +€149,568 | +134.0% |
| Amounts payable after more than one year | 17 | €61,112 | €42,778 | -€18,333 | -30.0% |
| Financial debts | 170/4 | €61,112 | €42,778 | -€18,333 | -30.0% |
| Amounts payable within one year | 42/48 | €50,093 | €216,991 | +€166,898 | +333.2% |
| Current portion of amounts payable after more than one year | 42 | €18,333 | €18,333 | = | 0.0% |
| Trade debts | 44 | €12,608 | €22,377 | +€9,770 | +77.5% |
| Suppliers | 440/4 | €12,608 | €22,377 | +€9,770 | +77.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,152 | €43,948 | +€24,796 | +129.5% |
| Taxes | 450/3 | €19,152 | €43,948 | +€24,796 | +129.5% |
| Other amounts payable | 47/48 | - | €132,332 | +€132,332 | |
| Accrued charges and deferred income | 492/3 | €410 | €1,414 | +€1,004 | +245.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,288 | €23,908 | +€620 | +2.7% |
| Other operating charges | 640/8 | €1,189 | €1,352 | +€163 | +13.7% |
| Gross operating margin | 9900 | €350,642 | €357,415 | +€6,773 | +1.9% |
| Operating profit (loss) | 9901 | €326,165 | €332,155 | +€5,991 | +1.8% |
| Financial income | 75/76B | €6,154 | €7,964 | +€1,811 | +29.4% |
| Recurring financial income | 75 | €6,154 | €7,964 | +€1,811 | +29.4% |
| Financial charges | 65/66B | €4,999 | €4,530 | -€469 | -9.4% |
| Recurring financial charges | 65 | €4,999 | €4,530 | -€469 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €327,320 | €335,590 | +€8,270 | +2.5% |
| Income taxes | 67/77 | €100,540 | €101,867 | +€1,327 | +1.3% |
| Profit (loss) for the period | 9904 | €226,780 | €233,723 | +€6,943 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €226,780 | €233,723 | +€6,943 | +3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.