AFG-NH: 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.
AFG-NH
Largest movements
- Receivables within one year +€10,806
up €10,806 (+138%), from €7,809 to €18,615
of which Other amounts receivable: +€8,996
- Tangible fixed assets -€10,029
down €10,029 (-26.1%), from €38,359 to €28,330
of which Furniture and vehicles: -€10,029
- Reserves +€12,261
up €12,261 (+337%), from €3,639 to €15,900
- Trade debts -€10,095
down €10,095 (-56.5%), from €17,852 to €7,757
- Other debts -€1,400
down €1,400 (-100%), from €1,400 to €0
- Gross operating margin +€11,589
up €11,589 (+79.5%), from €14,577 to €26,167
- Depreciation +€3,519
up €3,519 (+54.1%), from €6,510 to €10,029
- Other operating charges +€3,187
up €3,187 (+562%), from €567 to €3,754
- Financial income +€623
up €623 (+683%), from €91 to €714
- Taxes +€406
new in 2025: €406
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 | €50,234 | €51,388 | +€1,154 | +2.3% |
| Fixed assets | 21/28 | €39,359 | €29,330 | -€10,029 | -25.5% |
| Tangible fixed assets | 22/27 | €38,359 | €28,330 | -€10,029 | -26.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €38,359 | €28,330 | -€10,029 | -26.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €10,875 | €22,058 | +€11,183 | +103% |
| Amounts receivable within one year | 40/41 | €7,809 | €18,615 | +€10,806 | +138% |
| Trade receivables | 40 | - | €1,810 | +€1,810 | |
| Other amounts receivable | 41 | €7,809 | €16,805 | +€8,996 | +115% |
| Cash at bank and in hand | 54/58 | €3,066 | €3,443 | +€377 | +12.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €50,234 | €51,388 | +€1,154 | +2.3% |
| Equity | 10/15 | €30,698 | €42,959 | +€12,261 | +39.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,639 | €15,900 | +€12,261 | +337% |
| Distributable reserves | 133 | €3,639 | €15,900 | +€12,261 | +337% |
| Profit (loss) carried forward | 14 | €8,459 | €8,459 | +€0 | 0.0% |
| Amounts payable | 17/49 | €19,536 | €8,428 | -€11,107 | -56.9% |
| Amounts payable within one year | 42/48 | €19,536 | €8,029 | -€11,507 | -58.9% |
| Trade debts | 44 | €17,852 | €7,757 | -€10,095 | -56.5% |
| Suppliers | 440/4 | €17,852 | €7,757 | -€10,095 | -56.5% |
| Taxes, remuneration and social security | 45 | €284 | €272 | -€12 | -4.3% |
| Taxes | 450/3 | €284 | €272 | -€12 | -4.3% |
| Other amounts payable | 47/48 | €1,400 | €0 | -€1,400 | -100% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,510 | €10,029 | +€3,519 | +54.1% |
| Other operating charges | 640/8 | €567 | €3,754 | +€3,187 | +562% |
| Gross operating margin | 9900 | €14,577 | €26,167 | +€11,589 | +79.5% |
| Operating profit (loss) | 9901 | €7,500 | €12,383 | +€4,884 | +65.1% |
| Financial income | 75/76B | €91 | €714 | +€623 | +683% |
| Recurring financial income | 75 | €91 | €714 | +€623 | +683% |
| Financial charges | 65/66B | €609 | €430 | -€179 | -29.4% |
| Recurring financial charges | 65 | €609 | €430 | -€179 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €6,982 | €12,667 | +€5,685 | +81.4% |
| Income taxes | 67/77 | - | €406 | +€406 | |
| Profit (loss) for the period | 9904 | €6,982 | €12,261 | +€5,279 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,982 | €12,261 | +€5,279 | +75.6% |
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 26 October 2026 via checked.be.