AFINICON: 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.
AFINICON
Largest movements
- Receivables within one year -€12,320
down €12,320 (-17.6%), from €70,090 to €57,771
- Current investments +€7,026
up €7,026 (+32.1%), from €21,907 to €28,934
- Cash +€5,940
up €5,940 (+20.2%), from €29,420 to €35,360
mainly Receivables within one year (+€12,320) and Other debts (+€3,967)
- Deferred charges and accrued income +€2,233
up €2,233 (+196.5%), from €1,136 to €3,369
- Other debts +€3,967
new in 2025: €3,967
- Gross operating margin +€13,077
up €13,077 (+83.8%), from -€15,609 to -€2,532
- Financial charges -€3,101
down €3,101, from €1,974 to -€1,127
of which Financial charges: -€3,101
- Other operating charges -€531
down €531 (-54.5%), from €974 to €443
- Depreciation -€252
down €252 (-26.8%), from €939 to €687
- Financial income -€223
down €223 (-11.3%), from €1,975 to €1,752
of which Financial income: -€223
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 | €123,326 | €127,254 | +€3,927 | +3.2% |
| Fixed assets | 21/28 | €772 | €1,821 | +€1,048 | +135.8% |
| Tangible fixed assets | 22/27 | €772 | €1,821 | +€1,048 | +135.8% |
| Plant, machinery and equipment | 23 | - | €1,616 | +€1,616 | |
| Furniture and vehicles | 24 | €772 | €205 | -€567 | -73.5% |
| Current assets | 29/58 | €122,554 | €125,433 | +€2,879 | +2.3% |
| Amounts receivable within one year | 40/41 | €70,090 | €57,771 | -€12,320 | -17.6% |
| Other amounts receivable | 41 | €70,090 | €57,771 | -€12,320 | -17.6% |
| Current investments | 50/53 | €21,907 | €28,934 | +€7,026 | +32.1% |
| Cash at bank and in hand | 54/58 | €29,420 | €35,360 | +€5,940 | +20.2% |
| Deferred charges and accrued income | 490/1 | €1,136 | €3,369 | +€2,233 | +196.5% |
| Total equity and liabilities | 10/49 | €123,326 | €127,254 | +€3,927 | +3.2% |
| Equity | 10/15 | €121,947 | €120,839 | -€1,109 | -0.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €113,947 | €112,839 | -€1,109 | -1.0% |
| Distributable reserves | 133 | €113,947 | €112,839 | -€1,109 | -1.0% |
| Amounts payable | 17/49 | €1,379 | €6,415 | +€5,036 | +365.2% |
| Amounts payable within one year | 42/48 | €1,379 | €6,415 | +€5,036 | +365.2% |
| Trade debts | 44 | €1,040 | €2,122 | +€1,081 | +104.0% |
| Suppliers | 440/4 | €1,040 | €2,122 | +€1,081 | +104.0% |
| Taxes, remuneration and social security | 45 | €339 | €326 | -€13 | -3.7% |
| Taxes | 450/3 | €339 | €326 | -€13 | -3.7% |
| Other amounts payable | 47/48 | - | €3,967 | +€3,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €939 | €687 | -€252 | -26.8% |
| Other operating charges | 640/8 | €974 | €443 | -€531 | -54.5% |
| Gross operating margin | 9900 | -€15,609 | -€2,532 | +€13,077 | +83.8% |
| Operating profit (loss) | 9901 | -€17,523 | -€3,662 | +€13,861 | +79.1% |
| Financial income | 75/76B | €1,975 | €1,752 | -€223 | -11.3% |
| Recurring financial income | 75 | €1,975 | €1,752 | -€223 | -11.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,974 | -€1,127 | -€3,101 | |
| Recurring financial charges | 65 | €1,974 | -€1,127 | -€3,101 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€17,522 | -€783 | +€16,739 | +95.5% |
| Income taxes | 67/77 | €174 | €326 | +€152 | +87.0% |
| Profit (loss) for the period | 9904 | -€17,696 | -€1,109 | +€16,587 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,696 | -€1,109 | +€16,587 | +93.7% |
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 10 October 2026 via checked.be.