AFIMA: 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.
AFIMA
Largest movements
- Receivables within one year +€95,213
up €95,213 (+38.7%), from €246,097 to €341,310
of which Trade receivables: +€71,978
- Tangible fixed assets +€83,814
up €83,814 (+10.3%), from €810,170 to €893,984
of which Land and buildings: +€77,336
- Other debts +€784,621
up €784,621 (+932.4%), from €84,149 to €868,770
- Debts after one year -€599,307
down €599,307 (-43.5%), from €1.4m to €779,944
- Gross operating margin +€44,089
up €44,089 (+29.5%), from €149,225 to €193,314
- Financial charges +€43,565
up €43,565 (+139.9%), from €31,136 to €74,702
- Other operating charges +€5,632
up €5,632 (+60.3%), from €9,339 to €14,971
- Taxes -€3,254
down €3,254 (-18.3%), from €17,815 to €14,560
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 | €2,205,030 | €2,402,344 | +€197,314 | +8.9% |
| Fixed assets | 21/28 | €1,160,170 | €1,243,984 | +€83,814 | +7.2% |
| Tangible fixed assets | 22/27 | €810,170 | €893,984 | +€83,814 | +10.3% |
| Land and buildings | 22 | €780,241 | €857,576 | +€77,336 | +9.9% |
| Plant, machinery and equipment | 23 | €5,321 | €4,583 | -€738 | -13.9% |
| Furniture and vehicles | 24 | €13,001 | €20,542 | +€7,541 | +58.0% |
| Other tangible fixed assets | 26 | €11,607 | €11,284 | -€324 | -2.8% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €1,044,860 | €1,158,360 | +€113,500 | +10.9% |
| Amounts receivable after more than one year | 29 | €750,000 | €750,000 | = | 0.0% |
| Other amounts receivable | 291 | €750,000 | €750,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €40,000 | €40,000 | = | 0.0% |
| Stocks | 30/36 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €246,097 | €341,310 | +€95,213 | +38.7% |
| Trade receivables | 40 | €165,567 | €237,545 | +€71,978 | +43.5% |
| Other amounts receivable | 41 | €80,531 | €103,765 | +€23,234 | +28.9% |
| Cash at bank and in hand | 54/58 | €8,763 | €27,051 | +€18,288 | +208.7% |
| Total equity and liabilities | 10/49 | €2,205,030 | €2,402,344 | +€197,314 | +8.9% |
| Equity | 10/15 | €579,939 | €597,040 | +€17,100 | +2.9% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €114,500 | €114,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,500 | €14,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,439 | €337,540 | +€17,100 | +5.3% |
| Amounts payable | 17/49 | €1,625,090 | €1,805,305 | +€180,214 | +11.1% |
| Amounts payable after more than one year | 17 | €1,379,251 | €779,944 | -€599,307 | -43.5% |
| Financial debts | 170/4 | €1,379,251 | €779,944 | -€599,307 | -43.5% |
| Amounts payable within one year | 42/48 | €245,840 | €1,025,361 | +€779,521 | +317.1% |
| Current portion of amounts payable after more than one year | 42 | €111,765 | €121,078 | +€9,313 | +8.3% |
| Trade debts | 44 | €21,960 | €13,276 | -€8,684 | -39.5% |
| Suppliers | 440/4 | €21,960 | €13,276 | -€8,684 | -39.5% |
| Advances received on contracts in progress | 46 | - | €605 | +€605 | |
| Taxes, remuneration and social security | 45 | €27,965 | €21,632 | -€6,333 | -22.6% |
| Taxes | 450/3 | €27,965 | €21,632 | -€6,333 | -22.6% |
| Other amounts payable | 47/48 | €84,149 | €868,770 | +€784,621 | +932.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,907 | €71,982 | -€1,926 | -2.6% |
| Other operating charges | 640/8 | €9,339 | €14,971 | +€5,632 | +60.3% |
| Gross operating margin | 9900 | €149,225 | €193,314 | +€44,089 | +29.5% |
| Operating profit (loss) | 9901 | €65,979 | €106,362 | +€40,383 | +61.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €31,136 | €74,702 | +€43,565 | +139.9% |
| Recurring financial charges | 65 | €31,136 | €74,702 | +€43,565 | +139.9% |
| Profit (loss) for the period before taxes | 9903 | €34,843 | €31,660 | -€3,182 | -9.1% |
| Income taxes | 67/77 | €17,815 | €14,560 | -€3,254 | -18.3% |
| Profit (loss) for the period | 9904 | €17,028 | €17,100 | +€72 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,028 | €17,100 | +€72 | +0.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.