AFGHAN BELG: 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.
AFGHAN BELG
Largest movements
- Receivables within one year -€10,573
down €10,573 (-66.5%), from €15,907 to €5,334
of which Other amounts receivable: -€11,373
- Cash -€8,768
down €8,768 (-98.1%), from €8,940 to €173
mainly Other debts (-€28,757) and Debts after one year (-€6,980)
- Tangible fixed assets -€5,216
down €5,216 (-30.4%), from €17,162 to €11,946
of which Leasing and similar rights: -€3,703
- Other debts -€28,757
no longer reported in 2025 (was €28,757)
- Debts after one year -€6,980
down €6,980 (-54.9%), from €12,726 to €5,745
- Short-term financial debts +€4,868
new in 2025: €4,868
- Tax, wage and social debts +€3,395
up €3,395 (+69.0%), from €4,923 to €8,317
of which Remuneration and social security: +€5,516
- Trade debts +€1,977
up €1,977 (+28.6%), from €6,903 to €8,880
- Gross operating margin +€1,717
up €1,717 (+6.0%), from €28,462 to €30,179
- Depreciation -€967
down €967 (-15.6%), from €6,183 to €5,216
- Taxes -€475
no longer reported in 2025 (was €475)
- Other operating charges -€312
down €312 (-29.3%), from €1,064 to €752
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 | €59,974 | €35,418 | -€24,556 | -40.9% |
| Fixed assets | 21/28 | €17,162 | €11,946 | -€5,216 | -30.4% |
| Tangible fixed assets | 22/27 | €17,162 | €11,946 | -€5,216 | -30.4% |
| Plant, machinery and equipment | 23 | - | €1,852 | +€1,852 | |
| Furniture and vehicles | 24 | €13,459 | €10,094 | -€3,365 | -25.0% |
| Leasing and similar rights | 25 | €3,703 | - | -€3,703 | |
| Current assets | 29/58 | €42,812 | €23,472 | -€19,340 | -45.2% |
| Stocks and contracts in progress | 3 | €17,964 | €17,964 | = | 0.0% |
| Stocks | 30/36 | €17,964 | €17,964 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,907 | €5,334 | -€10,573 | -66.5% |
| Trade receivables | 40 | - | €800 | +€800 | |
| Other amounts receivable | 41 | €15,907 | €4,534 | -€11,373 | -71.5% |
| Cash at bank and in hand | 54/58 | €8,940 | €173 | -€8,768 | -98.1% |
| Total equity and liabilities | 10/49 | €59,974 | €35,418 | -€24,556 | -40.9% |
| Equity | 10/15 | €45 | €1,213 | +€1,168 | +2,618% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | - | -€1,000 | |
| Other | 1109/19 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | -€955 | €213 | +€1,168 | |
| Amounts payable | 17/49 | €59,929 | €34,205 | -€25,725 | -42.9% |
| Amounts payable after more than one year | 17 | €12,726 | €5,745 | -€6,980 | -54.9% |
| Financial debts | 170/4 | €12,726 | €5,745 | -€6,980 | -54.9% |
| Amounts payable within one year | 42/48 | €47,204 | €28,459 | -€18,744 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €6,621 | €6,394 | -€227 | -3.4% |
| Financial debts | 43 | - | €4,868 | +€4,868 | |
| Credit institutions | 430/8 | - | €4,868 | +€4,868 | |
| Trade debts | 44 | €6,903 | €8,880 | +€1,977 | +28.6% |
| Suppliers | 440/4 | €6,903 | €8,880 | +€1,977 | +28.6% |
| Taxes, remuneration and social security | 45 | €4,923 | €8,317 | +€3,395 | +69.0% |
| Taxes | 450/3 | €4,525 | €2,404 | -€2,121 | -46.9% |
| Remuneration and social security | 454/9 | €398 | €5,914 | +€5,516 | +1,387% |
| Other amounts payable | 47/48 | €28,757 | - | -€28,757 | |
| Remuneration, social security and pensions | 62 | €16,687 | €16,979 | +€292 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,183 | €5,216 | -€967 | -15.6% |
| Other operating charges | 640/8 | €1,064 | €752 | -€312 | -29.3% |
| Non-recurring operating charges | 66A | - | €3,407 | +€3,407 | |
| Gross operating margin | 9900 | €28,462 | €30,179 | +€1,717 | +6.0% |
| Operating profit (loss) | 9901 | €4,528 | €3,825 | -€703 | -15.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,902 | €2,656 | -€246 | -8.5% |
| Recurring financial charges | 65 | €2,902 | €2,656 | -€246 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,626 | €1,168 | -€457 | -28.1% |
| Income taxes | 67/77 | €475 | - | -€475 | |
| Profit (loss) for the period | 9904 | €1,151 | €1,168 | +€18 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,151 | €1,168 | +€18 | +1.5% |
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 31 October 2026 via checked.be.