AFFORD: 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.
AFFORD
Largest movements
- Tangible fixed assets -€69,901
down €69,901 (-8.3%), from €844,006 to €774,105
of which Land and buildings: -€62,314
- Deferred charges and accrued income -€62,733
down €62,733 (-81.7%), from €76,799 to €14,066
- Cash +€25,936
new in 2025: €25,936
mainly Depreciation (+€121,327) and Net result for the year (+€65,098)
- Receivables within one year -€14,881
down €14,881 (-32.0%), from €46,439 to €31,559
of which Trade receivables: -€9,635
- Debts after one year -€128,100
down €128,100 (-39.1%), from €327,651 to €199,551
- Trade debts -€116,253
down €116,253 (-93.7%), from €124,004 to €7,751
- Profit (loss) carried forward +€70,819
up €70,819 (+30.2%), from €234,373 to €305,192
- Tax, wage and social debts +€38,487
up €38,487 (+109.6%), from €35,127 to €73,614
of which Taxes: +€44,463
- Short-term financial debts +€14,259
up €14,259 (+74.5%), from €19,142 to €33,401
- Gross operating margin +€64,913
up €64,913 (+24.8%), from €262,138 to €327,051
- Staff costs -€25,252
down €25,252 (-26.0%), from €96,980 to €71,727
- Taxes +€15,292
up €15,292 (+127.8%), from €11,964 to €27,256
- Other operating charges +€11,265
up €11,265 (+34.5%), from €32,658 to €43,923
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 | €967,291 | €845,713 | -€121,579 | -12.6% |
| Fixed assets | 21/28 | €844,053 | €774,152 | -€69,901 | -8.3% |
| Tangible fixed assets | 22/27 | €844,006 | €774,105 | -€69,901 | -8.3% |
| Land and buildings | 22 | €457,608 | €395,294 | -€62,314 | -13.6% |
| Plant, machinery and equipment | 23 | €386,397 | €329,099 | -€57,298 | -14.8% |
| Assets under construction and advance payments | 27 | - | €49,712 | +€49,712 | |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €123,239 | €71,560 | -€51,678 | -41.9% |
| Amounts receivable within one year | 40/41 | €46,439 | €31,559 | -€14,881 | -32.0% |
| Trade receivables | 40 | €36,410 | €26,775 | -€9,635 | -26.5% |
| Other amounts receivable | 41 | €10,030 | €4,784 | -€5,246 | -52.3% |
| Cash at bank and in hand | 54/58 | - | €25,936 | +€25,936 | |
| Deferred charges and accrued income | 490/1 | €76,799 | €14,066 | -€62,733 | -81.7% |
| Total equity and liabilities | 10/49 | €967,291 | €845,713 | -€121,579 | -12.6% |
| Equity | 10/15 | €410,815 | €475,913 | +€65,098 | +15.8% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €52,442 | €46,722 | -€5,720 | -10.9% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,042 | €34,322 | -€5,720 | -14.3% |
| Profit (loss) carried forward | 14 | €234,373 | €305,192 | +€70,819 | +30.2% |
| Provisions and deferred taxes | 16 | €13,347 | €11,441 | -€1,907 | -14.3% |
| Deferred taxes | 168 | €13,347 | €11,441 | -€1,907 | -14.3% |
| Amounts payable | 17/49 | €543,129 | €358,359 | -€184,770 | -34.0% |
| Amounts payable after more than one year | 17 | €327,651 | €199,551 | -€128,100 | -39.1% |
| Financial debts | 170/4 | €327,651 | €199,551 | -€128,100 | -39.1% |
| Amounts payable within one year | 42/48 | €178,273 | €114,766 | -€63,507 | -35.6% |
| Financial debts | 43 | €19,142 | €33,401 | +€14,259 | +74.5% |
| Credit institutions | 430/8 | €19,142 | €33,401 | +€14,259 | +74.5% |
| Trade debts | 44 | €124,004 | €7,751 | -€116,253 | -93.7% |
| Suppliers | 440/4 | €124,004 | €7,751 | -€116,253 | -93.7% |
| Taxes, remuneration and social security | 45 | €35,127 | €73,614 | +€38,487 | +109.6% |
| Taxes | 450/3 | €20,876 | €65,338 | +€44,463 | +213.0% |
| Remuneration and social security | 454/9 | €14,251 | €8,276 | -€5,975 | -41.9% |
| Accrued charges and deferred income | 492/3 | €37,205 | €44,042 | +€6,837 | +18.4% |
| Remuneration, social security and pensions | 62 | €96,980 | €71,727 | -€25,252 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,372 | €121,327 | +€954 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,700 | -€3,626 | +€2,074 | +36.4% |
| Other operating charges | 640/8 | €32,658 | €43,923 | +€11,265 | +34.5% |
| Gross operating margin | 9900 | €262,138 | €327,051 | +€64,913 | +24.8% |
| Operating profit (loss) | 9901 | €17,828 | €93,700 | +€75,872 | +425.6% |
| Financial income | 75/76B | €13 | €0 | -€13 | -97.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -97.0% |
| Financial charges | 65/66B | €2,175 | €3,253 | +€1,079 | +49.6% |
| Recurring financial charges | 65 | €2,175 | €3,253 | +€1,079 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €15,667 | €90,447 | +€74,781 | +477.3% |
| Transfer from deferred taxes | 780 | €1,907 | €1,907 | = | 0.0% |
| Income taxes | 67/77 | €11,964 | €27,256 | +€15,292 | +127.8% |
| Profit (loss) for the period | 9904 | €5,610 | €65,098 | +€59,489 | +1060.5% |
| Transfer from tax-exempt reserves | 789 | €5,720 | €5,720 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,330 | €70,819 | +€59,489 | +525.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.