AFINAT SPRL: 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.
AFINAT SPRL
Largest movements
- Tangible fixed assets +€121,153
up €121,153 (+7.4%), from €1.6m to €1.8m
of which Plant, machinery and equipment: +€103,139
- Deferred charges and accrued income +€48,379
up €48,379 (+184%), from €26,296 to €74,676
- Receivables within one year -€38,852
down €38,852 (-30.8%), from €126,107 to €87,255
of which Trade receivables: -€23,305
- Cash -€31,353
down €31,353 (-33.9%), from €92,379 to €61,026
mainly Investment in fixed assets (net) (-€210,842) and Contributions, distributions and other (-€82,852)
- Other debts +€84,930
new in 2025: €84,930
- Tax, wage and social debts +€55,055
up €55,055 (+113%), from €48,900 to €103,954
of which Taxes: +€42,259
- Debts after one year -€54,459
down €54,459 (-5.7%), from €952,034 to €897,575
- Trade debts -€50,216
down €50,216 (-78.7%), from €63,792 to €13,576
- Reserves +€37,760
up €37,760 (+5.8%), from €646,785 to €684,545
of which Distributable reserves: +€67,981
- Gross operating margin +€118,011
up €118,011 (+28.0%), from €421,670 to €539,680
- Other operating charges -€77,806
down €77,806 (-93.6%), from €83,156 to €5,350
- Taxes +€48,852
up €48,852 (+132%), from €37,066 to €85,918
- Staff costs +€32,359
up €32,359 (+18.7%), from €173,304 to €205,662
- Depreciation +€30,179
up €30,179 (+50.7%), from €59,510 to €89,689
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 | €1,882,195 | €1,981,521 | +€99,327 | +5.3% |
| Fixed assets | 21/28 | €1,637,412 | €1,758,565 | +€121,153 | +7.4% |
| Tangible fixed assets | 22/27 | €1,636,610 | €1,757,763 | +€121,153 | +7.4% |
| Land and buildings | 22 | €1,325,806 | €1,289,027 | -€36,779 | -2.8% |
| Plant, machinery and equipment | 23 | €216,909 | €320,049 | +€103,139 | +47.5% |
| Furniture and vehicles | 24 | €29,081 | €32,869 | +€3,788 | +13.0% |
| Other tangible fixed assets | 26 | €64,814 | €115,818 | +€51,005 | +78.7% |
| Financial fixed assets | 28 | €802 | €802 | = | 0.0% |
| Current assets | 29/58 | €244,782 | €222,956 | -€21,826 | -8.9% |
| Amounts receivable within one year | 40/41 | €126,107 | €87,255 | -€38,852 | -30.8% |
| Trade receivables | 40 | €110,560 | €87,255 | -€23,305 | -21.1% |
| Other amounts receivable | 41 | €15,547 | - | -€15,547 | |
| Cash at bank and in hand | 54/58 | €92,379 | €61,026 | -€31,353 | -33.9% |
| Deferred charges and accrued income | 490/1 | €26,296 | €74,676 | +€48,379 | +184% |
| Total equity and liabilities | 10/49 | €1,882,195 | €1,981,521 | +€99,327 | +5.3% |
| Equity | 10/15 | €652,985 | €690,745 | +€37,760 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €646,785 | €684,545 | +€37,760 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €286,369 | €256,148 | -€30,221 | -10.6% |
| Distributable reserves | 133 | €358,556 | €426,537 | +€67,981 | +19.0% |
| Provisions and deferred taxes | 16 | €71,388 | €63,833 | -€7,555 | -10.6% |
| Deferred taxes | 168 | €71,388 | €63,833 | -€7,555 | -10.6% |
| Amounts payable | 17/49 | €1,157,822 | €1,226,944 | +€69,122 | +6.0% |
| Amounts payable after more than one year | 17 | €952,034 | €897,575 | -€54,459 | -5.7% |
| Financial debts | 170/4 | €952,034 | €897,575 | -€54,459 | -5.7% |
| Amounts payable within one year | 42/48 | €205,788 | €329,369 | +€123,581 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €93,096 | €126,908 | +€33,812 | +36.3% |
| Trade debts | 44 | €63,792 | €13,576 | -€50,216 | -78.7% |
| Suppliers | 440/4 | €63,792 | €13,576 | -€50,216 | -78.7% |
| Taxes, remuneration and social security | 45 | €48,900 | €103,954 | +€55,055 | +113% |
| Taxes | 450/3 | €26,778 | €69,037 | +€42,259 | +158% |
| Remuneration and social security | 454/9 | €22,121 | €34,917 | +€12,796 | +57.8% |
| Other amounts payable | 47/48 | - | €84,930 | +€84,930 | |
| Remuneration, social security and pensions | 62 | €173,304 | €205,662 | +€32,359 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,510 | €89,689 | +€30,179 | +50.7% |
| Other operating charges | 640/8 | €83,156 | €5,350 | -€77,806 | -93.6% |
| Non-recurring operating charges | 66A | - | €4,237 | +€4,237 | |
| Gross operating margin | 9900 | €421,670 | €539,680 | +€118,011 | +28.0% |
| Operating profit (loss) | 9901 | €105,700 | €234,742 | +€129,042 | +122% |
| Financial income | 75/76B | €1,353 | €280 | -€1,073 | -79.3% |
| Recurring financial income | 75 | €1,353 | €280 | -€1,073 | -79.3% |
| Financial charges | 65/66B | €22,654 | €36,047 | +€13,393 | +59.1% |
| Recurring financial charges | 65 | €22,654 | €36,041 | +€13,387 | +59.1% |
| Non-recurring financial charges | 66B | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €84,400 | €198,975 | +€114,575 | +136% |
| Transfer from deferred taxes | 780 | €5,401 | €7,555 | +€2,154 | +39.9% |
| Income taxes | 67/77 | €37,066 | €85,918 | +€48,852 | +132% |
| Profit (loss) for the period | 9904 | €52,735 | €120,612 | +€67,877 | +129% |
| Transfer from tax-exempt reserves | 789 | €21,605 | €30,221 | +€8,616 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,340 | €150,833 | +€76,493 | +103% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.