AFILO: 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.
What changed
AFILO
NACE 47.551, Retail sale of household furniture
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€88,330
2023 · €7,981-€96,311
Equity
€96,863
2023 · €188,951-€92,088
Cash
€597
2023 · €3,962-€3,365
Balance sheet total
€1.3m
2023 · €1.6m-€307,530
Largest movements
Assets
- Receivables within one year -€208,789
down €208,789 (-35.6%), from €587,183 to €378,394
of which Trade receivables: -€222,428
- Tangible fixed assets -€82,387
down €82,387 (-8.6%), from €959,963 to €877,576
of which Land and buildings: -€46,694
Equity and liabilities
- Trade debts -€252,542
down €252,542 (-63.8%), from €395,561 to €143,019
- Debts after one year -€136,727
down €136,727 (-23.3%), from €585,872 to €449,145
- Profit (loss) carried forward -€88,330
down €88,330 (-91.6%), from €96,422 to €8,092
- Short-term financial debts +€63,603
up €63,603 (+106.6%), from €59,660 to €123,263
- Advances received +€44,901
up €44,901 (+251.0%), from €17,888 to €62,789
Income statement
- Gross operating margin -€151,408
down €151,408 (-41.8%), from €362,025 to €210,617
- Staff costs -€26,840
down €26,840 (-14.3%), from €188,327 to €161,487
- Depreciation -€24,740
down €24,740 (-22.7%), from €109,227 to €84,487
- Taxes -€8,097
down €8,097, from €6,681 to -€1,416
From the 2023 result to the 2024 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.
Result 2023
€7,981
Gross operating margin
-€151,408
Staff costs
+€26,840
Depreciation
+€24,740
Other operating charges
-€3,048
Other operating items
-€3,296
Financial income
-€2,348
Financial charges
+€3,467
Taxes
+€8,097
Deferred taxes and other
+€645
Result 2024
-€88,330
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€50,645
Investment
-€2,100
Financing
-€51,910
Cash 2023
€3,962
From operations (derived)
+€50,645
Net result for the year
-€88,330
Depreciation
+€84,487
Receivables within one year
+€208,789
Deferred charges and accrued income
+€12,989
Provisions
-€1,935
Trade debts
-€252,542
Tax, wage and social debts
+€26,279
Advances received
+€44,901
Other debts
+€16,007
Investment (derived)
-€2,100
Investment in fixed assets (net)
-€2,100
Financing
-€51,910
Debts after one year
-€136,727
Current portion of long-term debt
+€24,972
Short-term financial debts
+€63,603
Contributions, distributions and other
-€3,758
Cash 2024
€597
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,602,944 | €1,295,414 | -€307,530 | -19.2% |
| Fixed assets | 21/28 | €967,267 | €884,880 | -€82,387 | -8.5% |
| Tangible fixed assets | 22/27 | €959,963 | €877,576 | -€82,387 | -8.6% |
| Land and buildings | 22 | €819,494 | €772,800 | -€46,694 | -5.7% |
| Plant, machinery and equipment | 23 | €128,639 | €100,062 | -€28,577 | -22.2% |
| Furniture and vehicles | 24 | €9,017 | €2,839 | -€6,178 | -68.5% |
| Other tangible fixed assets | 26 | €2,813 | €1,875 | -€938 | -33.3% |
| Financial fixed assets | 28 | €7,304 | €7,304 | = | 0.0% |
| Current assets | 29/58 | €635,677 | €410,534 | -€225,143 | -35.4% |
| Amounts receivable within one year | 40/41 | €587,183 | €378,394 | -€208,789 | -35.6% |
| Trade receivables | 40 | €574,409 | €351,981 | -€222,428 | -38.7% |
| Other amounts receivable | 41 | €12,774 | €26,413 | +€13,639 | +106.8% |
| Cash at bank and in hand | 54/58 | €3,962 | €597 | -€3,365 | -84.9% |
| Deferred charges and accrued income | 490/1 | €44,532 | €31,543 | -€12,989 | -29.2% |
| Total equity and liabilities | 10/49 | €1,602,944 | €1,295,414 | -€307,530 | -19.2% |
| Equity | 10/15 | €188,951 | €96,863 | -€92,088 | -48.7% |
| Contributions | 10/11 | €18,645 | €18,645 | = | 0.0% |
| Reserves | 13 | €13,875 | €13,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,422 | €8,092 | -€88,330 | -91.6% |
| Investment grants | 15 | €60,009 | €56,251 | -€3,758 | -6.3% |
| Provisions and deferred taxes | 16 | €30,899 | €28,964 | -€1,935 | -6.3% |
| Deferred taxes | 168 | €30,899 | €28,964 | -€1,935 | -6.3% |
| Amounts payable | 17/49 | €1,383,094 | €1,169,587 | -€213,507 | -15.4% |
| Amounts payable after more than one year | 17 | €585,872 | €449,145 | -€136,727 | -23.3% |
| Financial debts | 170/4 | €585,872 | €449,145 | -€136,727 | -23.3% |
| Amounts payable within one year | 42/48 | €797,222 | €720,442 | -€76,780 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €148,152 | €173,124 | +€24,972 | +16.9% |
| Financial debts | 43 | €59,660 | €123,263 | +€63,603 | +106.6% |
| Credit institutions | 430/8 | €59,660 | €123,263 | +€63,603 | +106.6% |
| Trade debts | 44 | €395,561 | €143,019 | -€252,542 | -63.8% |
| Suppliers | 440/4 | €395,561 | €143,019 | -€252,542 | -63.8% |
| Advances received on contracts in progress | 46 | €17,888 | €62,789 | +€44,901 | +251.0% |
| Taxes, remuneration and social security | 45 | €82,595 | €108,874 | +€26,279 | +31.8% |
| Taxes | 450/3 | €16,369 | €21,182 | +€4,813 | +29.4% |
| Remuneration and social security | 454/9 | €66,226 | €87,692 | +€21,466 | +32.4% |
| Other amounts payable | 47/48 | €93,366 | €109,373 | +€16,007 | +17.1% |
| Remuneration, social security and pensions | 62 | €188,327 | €161,487 | -€26,840 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,227 | €84,487 | -€24,740 | -22.7% |
| Other operating charges | 640/8 | €12,150 | €15,198 | +€3,048 | +25.1% |
| Non-recurring operating charges | 66A | €150 | €3,446 | +€3,296 | +2197.3% |
| Gross operating margin | 9900 | €362,025 | €210,617 | -€151,408 | -41.8% |
| Operating profit (loss) | 9901 | €52,171 | -€54,001 | -€106,172 | |
| Financial income | 75/76B | €6,712 | €4,364 | -€2,348 | -35.0% |
| Recurring financial income | 75 | €6,712 | €4,364 | -€2,348 | -35.0% |
| Financial charges | 65/66B | €45,511 | €42,044 | -€3,467 | -7.6% |
| Recurring financial charges | 65 | €45,511 | €42,044 | -€3,467 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €13,372 | -€91,681 | -€105,053 | |
| Transfer from deferred taxes | 780 | €1,290 | €1,935 | +€645 | +50.0% |
| Income taxes | 67/77 | €6,681 | -€1,416 | -€8,097 | |
| Profit (loss) for the period | 9904 | €7,981 | -€88,330 | -€96,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,981 | -€88,330 | -€96,311 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.