AFIBO: 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.
AFIBO
Largest movements
- Tangible fixed assets -€35,941
down €35,941 (-4.9%), from €733,971 to €698,030
of which Land and buildings: -€23,415
- Receivables within one year +€12,153
up €12,153 (+63.0%), from €19,284 to €31,437
of which Other amounts receivable: +€10,563
- Reserves -€113,188
down €113,188 (-17.5%), from €645,900 to €532,712
of which Distributable reserves: -€104,325
- Other debts +€101,873
up €101,873 (+154%), from €66,085 to €167,958
- Debts after one year -€14,400
down €14,400 (-80.0%), from €18,000 to €3,600
- Financial income -€89,575
down €89,575 (-100.0%), from €89,575 to €0
- Taxes +€11,500
up €11,500 (+230%), from €5,000 to €16,500
- Gross operating margin +€8,659
up €8,659 (+17.9%), from €48,457 to €57,116
- Other operating charges -€2,094
down €2,094 (-24.7%), from €8,485 to €6,391
- Depreciation +€1,196
up €1,196 (+3.4%), from €34,745 to €35,941
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 | €1,201,285 | €1,175,997 | -€25,288 | -2.1% |
| Fixed assets | 21/28 | €1,163,745 | €1,127,804 | -€35,941 | -3.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €733,971 | €698,030 | -€35,941 | -4.9% |
| Land and buildings | 22 | €679,639 | €656,224 | -€23,415 | -3.4% |
| Plant, machinery and equipment | 23 | €269 | €22 | -€247 | -91.7% |
| Furniture and vehicles | 24 | €54,062 | €41,783 | -€12,279 | -22.7% |
| Financial fixed assets | 28 | €429,774 | €429,774 | = | 0.0% |
| Current assets | 29/58 | €37,540 | €48,193 | +€10,653 | +28.4% |
| Amounts receivable within one year | 40/41 | €19,284 | €31,437 | +€12,153 | +63.0% |
| Trade receivables | 40 | €10,284 | €11,874 | +€1,590 | +15.5% |
| Other amounts receivable | 41 | €9,000 | €19,563 | +€10,563 | +117% |
| Cash at bank and in hand | 54/58 | €18,256 | €16,756 | -€1,499 | -8.2% |
| Total equity and liabilities | 10/49 | €1,201,285 | €1,175,997 | -€25,288 | -2.1% |
| Equity | 10/15 | €882,048 | €768,860 | -€113,188 | -12.8% |
| Contributions | 10/11 | €236,148 | €236,148 | = | 0.0% |
| Reserves | 13 | €645,900 | €532,712 | -€113,188 | -17.5% |
| Tax-exempt reserves | 132 | €212,051 | €203,189 | -€8,862 | -4.2% |
| Distributable reserves | 133 | €433,849 | €329,523 | -€104,325 | -24.0% |
| Provisions and deferred taxes | 16 | €211,401 | €208,863 | -€2,538 | -1.2% |
| Provisions for liabilities and charges | 160/5 | €162,884 | €162,884 | = | 0.0% |
| Pensions and similar obligations | 160 | €162,884 | €162,884 | = | 0.0% |
| Deferred taxes | 168 | €48,517 | €45,979 | -€2,538 | -5.2% |
| Amounts payable | 17/49 | €107,835 | €198,274 | +€90,438 | +83.9% |
| Amounts payable after more than one year | 17 | €18,000 | €3,600 | -€14,400 | -80.0% |
| Financial debts | 170/4 | €18,000 | €3,600 | -€14,400 | -80.0% |
| Amounts payable within one year | 42/48 | €89,835 | €194,674 | +€104,838 | +117% |
| Current portion of amounts payable after more than one year | 42 | €14,400 | €14,400 | = | 0.0% |
| Trade debts | 44 | €5,205 | €1,029 | -€4,177 | -80.2% |
| Suppliers | 440/4 | €5,205 | €1,029 | -€4,177 | -80.2% |
| Taxes, remuneration and social security | 45 | €4,145 | €11,287 | +€7,142 | +172% |
| Taxes | 450/3 | €4,145 | €11,287 | +€7,142 | +172% |
| Other amounts payable | 47/48 | €66,085 | €167,958 | +€101,873 | +154% |
| Remuneration, social security and pensions | 62 | €2,048 | €1,800 | -€248 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,745 | €35,941 | +€1,196 | +3.4% |
| Other operating charges | 640/8 | €8,485 | €6,391 | -€2,094 | -24.7% |
| Non-recurring operating charges | 66A | €500 | €1,016 | +€516 | +103% |
| Gross operating margin | 9900 | €48,457 | €57,116 | +€8,659 | +17.9% |
| Operating profit (loss) | 9901 | €2,679 | €11,968 | +€9,289 | +347% |
| Financial income | 75/76B | €89,575 | €0 | -€89,575 | -100.0% |
| Recurring financial income | 75 | €89,575 | €0 | -€89,575 | -100.0% |
| Financial charges | 65/66B | €1,460 | €1,195 | -€264 | -18.1% |
| Recurring financial charges | 65 | €1,460 | €1,195 | -€264 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €90,794 | €10,774 | -€80,021 | -88.1% |
| Transfer from deferred taxes | 780 | €2,473 | €2,538 | +€66 | +2.7% |
| Income taxes | 67/77 | €5,000 | €16,500 | +€11,500 | +230% |
| Profit (loss) for the period | 9904 | €88,267 | -€3,188 | -€91,455 | |
| Transfer from tax-exempt reserves | 789 | €8,665 | €8,862 | +€197 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,932 | €5,675 | -€91,258 | -94.1% |
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 13 October 2026 via checked.be.