Afimo: 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.
Afimo
Largest movements
- Tangible fixed assets -€51,013
down €51,013 (-9.8%), from €520,118 to €469,105
of which Furniture and vehicles: -€39,657
- Receivables within one year +€24,289
up €24,289 (+8.9%), from €272,779 to €297,068
of which Other amounts receivable: +€18,000
- Cash -€20,720
down €20,720 (-88.6%), from €23,384 to €2,664
mainly Debts after one year (-€65,631) and Receivables within one year (-€24,289)
- Debts after one year -€65,631
down €65,631 (-36.7%), from €178,796 to €113,165
- Profit (loss) carried forward +€26,681
up €26,681 (+25.7%), from €103,967 to €130,649
- Trade debts +€10,166
up €10,166 (+104%), from €9,742 to €19,908
- Tax, wage and social debts -€8,732
down €8,732 (-14.4%), from €60,651 to €51,920
of which Taxes: -€10,796
- Reserves -€8,367
down €8,367 (-3.2%), from €264,353 to €255,986
of which Tax-exempt reserves: -€8,367
- Gross operating margin -€27,149
down €27,149 (-12.9%), from €209,802 to €182,653
- Taxes -€8,253
down €8,253 (-32.7%), from €25,249 to €16,996
- Staff costs +€5,629
up €5,629 (+7.1%), from €79,165 to €84,794
- Financial charges -€2,514
down €2,514 (-26.6%), from €9,452 to €6,938
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 | €836,091 | €788,647 | -€47,444 | -5.7% |
| Fixed assets | 21/28 | €520,118 | €469,105 | -€51,013 | -9.8% |
| Tangible fixed assets | 22/27 | €520,118 | €469,105 | -€51,013 | -9.8% |
| Land and buildings | 22 | €368,452 | €357,097 | -€11,356 | -3.1% |
| Furniture and vehicles | 24 | €151,665 | €112,008 | -€39,657 | -26.1% |
| Current assets | 29/58 | €315,973 | €319,542 | +€3,569 | +1.1% |
| Amounts receivable after more than one year | 29 | €19,811 | €19,811 | = | 0.0% |
| Other amounts receivable | 291 | €19,811 | €19,811 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €272,779 | €297,068 | +€24,289 | +8.9% |
| Trade receivables | 40 | €36,885 | €43,175 | +€6,289 | +17.1% |
| Other amounts receivable | 41 | €235,893 | €253,893 | +€18,000 | +7.6% |
| Cash at bank and in hand | 54/58 | €23,384 | €2,664 | -€20,720 | -88.6% |
| Total equity and liabilities | 10/49 | €836,091 | €788,647 | -€47,444 | -5.7% |
| Equity | 10/15 | €430,320 | €448,635 | +€18,315 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €264,353 | €255,986 | -€8,367 | -3.2% |
| Non-distributable reserves | 130/1 | €30,111 | €30,111 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €23,911 | €23,911 | = | 0.0% |
| Tax-exempt reserves | 132 | €234,242 | €225,875 | -€8,367 | -3.6% |
| Profit (loss) carried forward | 14 | €103,967 | €130,649 | +€26,681 | +25.7% |
| Provisions and deferred taxes | 16 | €78,081 | €75,292 | -€2,789 | -3.6% |
| Deferred taxes | 168 | €78,081 | €75,292 | -€2,789 | -3.6% |
| Amounts payable | 17/49 | €327,690 | €264,720 | -€62,970 | -19.2% |
| Amounts payable after more than one year | 17 | €178,796 | €113,165 | -€65,631 | -36.7% |
| Financial debts | 170/4 | €178,796 | €113,165 | -€65,631 | -36.7% |
| Amounts payable within one year | 42/48 | €141,527 | €137,678 | -€3,849 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €61,514 | €56,031 | -€5,484 | -8.9% |
| Trade debts | 44 | €9,742 | €19,908 | +€10,166 | +104% |
| Suppliers | 440/4 | €9,742 | €19,908 | +€10,166 | +104% |
| Taxes, remuneration and social security | 45 | €60,651 | €51,920 | -€8,732 | -14.4% |
| Taxes | 450/3 | €53,041 | €42,246 | -€10,796 | -20.4% |
| Remuneration and social security | 454/9 | €7,610 | €9,674 | +€2,064 | +27.1% |
| Other amounts payable | 47/48 | €9,619 | €9,819 | +€200 | +2.1% |
| Accrued charges and deferred income | 492/3 | €7,367 | €13,877 | +€6,510 | +88.4% |
| Non-recurring operating income | 76A | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €79,165 | €84,794 | +€5,629 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,688 | €58,010 | -€1,678 | -2.8% |
| Other operating charges | 640/8 | €1,215 | €1,248 | +€33 | +2.8% |
| Gross operating margin | 9900 | €209,802 | €182,653 | -€27,149 | -12.9% |
| Operating profit (loss) | 9901 | €69,734 | €38,601 | -€31,133 | -44.6% |
| Financial income | 75/76B | €1,921 | €859 | -€1,062 | -55.3% |
| Recurring financial income | 75 | €1,921 | €859 | -€1,062 | -55.3% |
| Financial charges | 65/66B | €9,452 | €6,938 | -€2,514 | -26.6% |
| Recurring financial charges | 65 | €9,452 | €6,938 | -€2,514 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €62,204 | €32,522 | -€29,681 | -47.7% |
| Transfer from deferred taxes | 780 | €2,789 | €2,789 | = | 0.0% |
| Income taxes | 67/77 | €25,249 | €16,996 | -€8,253 | -32.7% |
| Profit (loss) for the period | 9904 | €39,743 | €18,315 | -€21,428 | -53.9% |
| Transfer from tax-exempt reserves | 789 | €8,367 | €8,367 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,110 | €26,681 | -€21,428 | -44.5% |
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 16 October 2026 via checked.be.