AFIDIX: what changed
Two fiscal 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.
AFIDIX
Largest movements
- Current investments +€762,144
up €762,144 (+76.2%), from €1.0m to €1.8m
- Receivables within one year +€434,284
up €434,284 (+1124.2%), from €38,629 to €472,913
of which Trade receivables: +€434,836
- Cash +€212,201
up €212,201 (+105.6%), from €200,872 to €413,074
mainly Net result for the year (+€1.2m) and Other debts (+€361,466)
- Reserves +€826,629
up €826,629 (+64.6%), from €1.3m to €2.1m
of which Distributable reserves: +€826,629
- Other debts +€361,466
up €361,466 (+277.6%), from €130,234 to €491,700
- Tax, wage and social debts +€194,683
up €194,683 (+1043.3%), from €18,661 to €213,345
of which Taxes: +€194,668
- Gross operating margin +€1.5m
up €1.5m (+413.0%), from €353,338 to €1.8m
- Taxes +€471,634
up €471,634 (+446.1%), from €105,723 to €577,357
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 | €2,238,804 | €3,622,319 | +€1.4m | +61.8% |
| Fixed assets | 21/28 | €989,981 | €970,646 | -€19,335 | -2.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €523,071 | €503,736 | -€19,335 | -3.7% |
| Land and buildings | 22 | €523,071 | €503,736 | -€19,335 | -3.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €466,910 | €466,910 | = | 0.0% |
| Current assets | 29/58 | €1,248,823 | €2,651,672 | +€1.4m | +112.3% |
| Amounts receivable within one year | 40/41 | €38,629 | €472,913 | +€434,284 | +1124.2% |
| Trade receivables | 40 | €23,293 | €458,128 | +€434,836 | +1866.8% |
| Other amounts receivable | 41 | €15,337 | €14,785 | -€552 | -3.6% |
| Current investments | 50/53 | €1,000,000 | €1,762,144 | +€762,144 | +76.2% |
| Cash at bank and in hand | 54/58 | €200,872 | €413,074 | +€212,201 | +105.6% |
| Deferred charges and accrued income | 490/1 | €9,321 | €3,542 | -€5,779 | -62.0% |
| Total equity and liabilities | 10/49 | €2,238,804 | €3,622,319 | +€1.4m | +61.8% |
| Equity | 10/15 | €2,087,168 | €2,913,797 | +€826,629 | +39.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,278,957 | €2,105,586 | +€826,629 | +64.6% |
| Non-distributable reserves | 130/1 | €23,463 | €23,463 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,463 | €23,463 | = | 0.0% |
| Distributable reserves | 133 | €1,255,495 | €2,082,124 | +€826,629 | +65.8% |
| Profit (loss) carried forward | 14 | €795,810 | €795,810 | = | 0.0% |
| Amounts payable | 17/49 | €151,636 | €708,522 | +€556,886 | +367.3% |
| Amounts payable within one year | 42/48 | €151,636 | €708,522 | +€556,886 | +367.3% |
| Trade debts | 44 | €2,742 | €3,478 | +€736 | +26.9% |
| Suppliers | 440/4 | €2,742 | €3,478 | +€736 | +26.9% |
| Taxes, remuneration and social security | 45 | €18,661 | €213,345 | +€194,683 | +1043.3% |
| Taxes | 450/3 | €15,633 | €210,302 | +€194,668 | +1245.2% |
| Remuneration and social security | 454/9 | €3,028 | €3,043 | +€15 | +0.5% |
| Other amounts payable | 47/48 | €130,234 | €491,700 | +€361,466 | +277.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,944 | €20,846 | -€98 | -0.5% |
| Other operating charges | 640/8 | €2,687 | €5,701 | +€3,013 | +112.1% |
| Gross operating margin | 9900 | €353,338 | €1,812,788 | +€1.5m | +413.0% |
| Operating profit (loss) | 9901 | €329,707 | €1,786,241 | +€1.5m | +441.8% |
| Financial income | 75/76B | €14,544 | €29,658 | +€15,115 | +103.9% |
| Recurring financial income | 75 | €14,544 | €29,658 | +€15,115 | +103.9% |
| Financial charges | 65/66B | €499 | €448 | -€51 | -10.2% |
| Recurring financial charges | 65 | €499 | €448 | -€51 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €343,752 | €1,815,452 | +€1.5m | +428.1% |
| Income taxes | 67/77 | €105,723 | €577,357 | +€471,634 | +446.1% |
| Profit (loss) for the period | 9904 | €238,029 | €1,238,095 | +€1.0m | +420.1% |
| Profit (loss) for the period to be appropriated | 9905 | €238,029 | €1,238,095 | +€1.0m | +420.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.