AFIBA: 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.
AFIBA
Largest movements
- Receivables within one year -€8,875
down €8,875 (-15.9%), from €55,809 to €46,934
of which Trade receivables: -€10,055
- Cash -€7,605
down €7,605 (-100%), from €7,605 to €0
mainly Net result for the year (-€19,574) and Tax, wage and social debts (-€5,991)
- Tangible fixed assets -€1,931
down €1,931 (-27.5%), from €7,032 to €5,101
- Receivables after one year +€1,560
up €1,560 (+2.4%), from €64,680 to €66,240
- Profit (loss) carried forward -€19,574
down €19,574 (-20.9%), from €93,438 to €73,864
- Trade debts +€10,628
up €10,628 (+198%), from €5,375 to €16,004
- Tax, wage and social debts -€5,991
down €5,991 (-69.1%), from €8,673 to €2,682
of which Taxes: -€4,391
- Debts after one year -€4,908
down €4,908 (-28.3%), from €17,333 to €12,425
- Short-term financial debts +€2,062
new in 2025: €2,062
- Other operating charges +€7,959
up €7,959 (+496%), from €1,603 to €9,562
- Gross operating margin -€3,122
down €3,122 (-81.3%), from -€3,839 to -€6,961
- Financial charges +€1,547
up €1,547 (+53.8%), from €2,877 to €4,424
- Financial income -€233
down €233 (-6.2%), from €3,726 to €3,493
- Depreciation -€122
down €122 (-5.9%), from €2,053 to €1,931
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 | €137,553 | €120,004 | -€17,549 | -12.8% |
| Fixed assets | 21/28 | €7,212 | €5,281 | -€1,931 | -26.8% |
| Tangible fixed assets | 22/27 | €7,032 | €5,101 | -€1,931 | -27.5% |
| Plant, machinery and equipment | 23 | €2,312 | €1,989 | -€323 | -14.0% |
| Furniture and vehicles | 24 | €1,722 | €827 | -€895 | -52.0% |
| Other tangible fixed assets | 26 | €2,997 | €2,284 | -€714 | -23.8% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €130,341 | €114,723 | -€15,618 | -12.0% |
| Amounts receivable after more than one year | 29 | €64,680 | €66,240 | +€1,560 | +2.4% |
| Other amounts receivable | 291 | €64,680 | €66,240 | +€1,560 | +2.4% |
| Amounts receivable within one year | 40/41 | €55,809 | €46,934 | -€8,875 | -15.9% |
| Trade receivables | 40 | €19,366 | €9,311 | -€10,055 | -51.9% |
| Other amounts receivable | 41 | €36,443 | €37,623 | +€1,180 | +3.2% |
| Cash at bank and in hand | 54/58 | €7,605 | €0 | -€7,605 | -100% |
| Deferred charges and accrued income | 490/1 | €2,247 | €1,549 | -€698 | -31.1% |
| Total equity and liabilities | 10/49 | €137,553 | €120,004 | -€17,549 | -12.8% |
| Equity | 10/15 | €101,497 | €81,923 | -€19,574 | -19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,438 | €73,864 | -€19,574 | -20.9% |
| Amounts payable | 17/49 | €36,056 | €38,081 | +€2,024 | +5.6% |
| Amounts payable after more than one year | 17 | €17,333 | €12,425 | -€4,908 | -28.3% |
| Financial debts | 170/4 | €17,333 | €12,425 | -€4,908 | -28.3% |
| Amounts payable within one year | 42/48 | €18,723 | €25,656 | +€6,932 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €4,675 | €4,908 | +€233 | +5.0% |
| Financial debts | 43 | - | €2,062 | +€2,062 | |
| Credit institutions | 430/8 | - | €2,062 | +€2,062 | |
| Trade debts | 44 | €5,375 | €16,004 | +€10,628 | +198% |
| Suppliers | 440/4 | €5,375 | €16,004 | +€10,628 | +198% |
| Taxes, remuneration and social security | 45 | €8,673 | €2,682 | -€5,991 | -69.1% |
| Taxes | 450/3 | €7,073 | €2,682 | -€4,391 | -62.1% |
| Remuneration and social security | 454/9 | €1,600 | €0 | -€1,600 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €11,570 | €0 | -€11,570 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,053 | €1,931 | -€122 | -5.9% |
| Other operating charges | 640/8 | €1,603 | €9,562 | +€7,959 | +496% |
| Gross operating margin | 9900 | -€3,839 | -€6,961 | -€3,122 | -81.3% |
| Operating profit (loss) | 9901 | -€7,495 | -€18,454 | -€10,959 | -146% |
| Financial income | 75/76B | €3,726 | €3,493 | -€233 | -6.2% |
| Recurring financial income | 75 | €3,726 | €3,493 | -€233 | -6.2% |
| Financial charges | 65/66B | €2,877 | €4,424 | +€1,547 | +53.8% |
| Recurring financial charges | 65 | €2,877 | €4,424 | +€1,547 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,646 | -€19,384 | -€12,738 | -192% |
| Income taxes | 67/77 | €209 | €190 | -€19 | -9.3% |
| Profit (loss) for the period | 9904 | -€6,855 | -€19,574 | -€12,719 | -186% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,855 | -€19,574 | -€12,719 | -186% |
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 28 October 2026 via checked.be.