AFFISCO: 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.
AFFISCO
Largest movements
- Cash +€25,350
up €25,350 (+39.6%), from €63,966 to €89,316
mainly Other debts (+€21,142) and Deferred charges and accrued income (+€11,329)
- Receivables within one year +€16,534
up €16,534 (+139.7%), from €11,839 to €28,373
of which Trade receivables: +€14,866
- Deferred charges and accrued income -€11,329
down €11,329 (-76.6%), from €14,795 to €3,466
- Tangible fixed assets -€3,139
down €3,139 (-18.0%), from €17,407 to €14,268
- Other debts +€21,142
up €21,142 (+54.1%), from €39,081 to €60,223
- Reserves +€4,979
up €4,979 (+17.0%), from €29,245 to €34,224
- Tax, wage and social debts +€1,878
up €1,878 (+21.0%), from €8,929 to €10,806
of which Taxes: +€2,588
- Depreciation +€2,211
up €2,211 (+51.5%), from €4,296 to €6,507
- Write-downs -€1,800
no longer reported in 2025 (was €1,800)
- Gross operating margin +€1,638
up €1,638 (+4.3%), from €37,740 to €39,378
- Staff costs +€843
up €843 (+3.9%), from €21,431 to €22,274
- Financial charges -€525
down €525 (-25.9%), from €2,028 to €1,503
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 | €108,045 | €135,461 | +€27,416 | +25.4% |
| Fixed assets | 21/28 | €17,444 | €14,306 | -€3,139 | -18.0% |
| Tangible fixed assets | 22/27 | €17,407 | €14,268 | -€3,139 | -18.0% |
| Furniture and vehicles | 24 | €17,407 | €14,268 | -€3,139 | -18.0% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €90,601 | €121,155 | +€30,555 | +33.7% |
| Amounts receivable within one year | 40/41 | €11,839 | €28,373 | +€16,534 | +139.7% |
| Trade receivables | 40 | €11,461 | €26,327 | +€14,866 | +129.7% |
| Other amounts receivable | 41 | €378 | €2,046 | +€1,668 | +441.3% |
| Cash at bank and in hand | 54/58 | €63,966 | €89,316 | +€25,350 | +39.6% |
| Deferred charges and accrued income | 490/1 | €14,795 | €3,466 | -€11,329 | -76.6% |
| Total equity and liabilities | 10/49 | €108,045 | €135,461 | +€27,416 | +25.4% |
| Equity | 10/15 | €57,905 | €62,884 | +€4,979 | +8.6% |
| Reserves | 13 | €29,245 | €34,224 | +€4,979 | +17.0% |
| Distributable reserves | 133 | €29,245 | €34,224 | +€4,979 | +17.0% |
| Profit (loss) carried forward | 14 | €28,660 | €28,660 | = | 0.0% |
| Amounts payable | 17/49 | €50,140 | €72,577 | +€22,437 | +44.7% |
| Amounts payable within one year | 42/48 | €50,140 | €72,577 | +€22,437 | +44.7% |
| Trade debts | 44 | €2,130 | €1,547 | -€583 | -27.4% |
| Suppliers | 440/4 | €2,130 | €1,547 | -€583 | -27.4% |
| Taxes, remuneration and social security | 45 | €8,929 | €10,806 | +€1,878 | +21.0% |
| Taxes | 450/3 | €3,974 | €6,562 | +€2,588 | +65.1% |
| Remuneration and social security | 454/9 | €4,955 | €4,244 | -€711 | -14.3% |
| Other amounts payable | 47/48 | €39,081 | €60,223 | +€21,142 | +54.1% |
| Remuneration, social security and pensions | 62 | €21,431 | €22,274 | +€843 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,296 | €6,507 | +€2,211 | +51.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,800 | - | -€1,800 | |
| Other operating charges | 640/8 | €648 | €724 | +€76 | +11.8% |
| Non-recurring operating charges | 66A | €491 | €63 | -€428 | -87.1% |
| Gross operating margin | 9900 | €37,740 | €39,378 | +€1,638 | +4.3% |
| Operating profit (loss) | 9901 | €9,073 | €9,809 | +€736 | +8.1% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €2,028 | €1,503 | -€525 | -25.9% |
| Recurring financial charges | 65 | €2,028 | €1,503 | -€525 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €7,046 | €8,311 | +€1,265 | +18.0% |
| Income taxes | 67/77 | €2,888 | €3,332 | +€444 | +15.4% |
| Profit (loss) for the period | 9904 | €4,158 | €4,979 | +€821 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,158 | €4,979 | +€821 | +19.8% |
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 10 October 2026 via checked.be.