AFINIMMO: 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.
AFINIMMO
Largest movements
- Cash +€10,406
up €10,406 (+98.9%), from €10,522 to €20,928
mainly Net result for the year (+€23,972) and Other debts (+€7,800)
- Receivables within one year +€2,396
up €2,396 (+23.3%), from €10,288 to €12,684
of which Other amounts receivable: +€2,501
- Other debts +€7,800
up €7,800 (+65.0%), from €12,000 to €19,800
- Reserves +€5,000
up €5,000 (+14.3%), from €34,873 to €39,873
of which Distributable reserves: +€5,000
- Tax, wage and social debts +€2,854
up €2,854 (+56.2%), from €5,073 to €7,927
of which Remuneration and social security: +€1,489
- Purchases and services -€17,205
down €17,205 (-11.4%), from €151,473 to €134,267
- Turnover -€14,210
down €14,210 (-6.3%), from €226,728 to €212,518
- Staff costs +€9,921
up €9,921 (+25.6%), from €38,812 to €48,733
- Taxes -€3,492
down €3,492 (-33.9%), from €10,302 to €6,809
- Gross operating margin +€3,207
up €3,207 (+4.3%), from €75,393 to €78,600
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 | €147,285 | €161,590 | +€14,305 | +9.7% |
| Fixed assets | 21/28 | €280 | €159 | -€121 | -43.2% |
| Tangible fixed assets | 22/27 | €280 | €159 | -€121 | -43.2% |
| Furniture and vehicles | 24 | €280 | €159 | -€121 | -43.2% |
| Current assets | 29/58 | €147,005 | €161,431 | +€14,426 | +9.8% |
| Amounts receivable within one year | 40/41 | €10,288 | €12,684 | +€2,396 | +23.3% |
| Trade receivables | 40 | €4,590 | €4,485 | -€105 | -2.3% |
| Other amounts receivable | 41 | €5,698 | €8,199 | +€2,501 | +43.9% |
| Current investments | 50/53 | €124,274 | €125,765 | +€1,491 | +1.2% |
| Cash at bank and in hand | 54/58 | €10,522 | €20,928 | +€10,406 | +98.9% |
| Deferred charges and accrued income | 490/1 | €1,920 | €2,054 | +€134 | +7.0% |
| Total equity and liabilities | 10/49 | €147,285 | €161,590 | +€14,305 | +9.7% |
| Equity | 10/15 | €129,891 | €133,863 | +€3,972 | +3.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €90,000 | +€90,000 | |
| Share premium | 1100/10 | - | €90,000 | +€90,000 | |
| Reserves | 13 | €34,873 | €39,873 | +€5,000 | +14.3% |
| Non-distributable reserves | 130/1 | €5,648 | €5,648 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,648 | €5,648 | = | 0.0% |
| Distributable reserves | 133 | €29,225 | €34,225 | +€5,000 | +17.1% |
| Profit (loss) carried forward | 14 | €5,018 | €3,990 | -€1,028 | -20.5% |
| Amounts payable | 17/49 | €17,394 | €27,727 | +€10,333 | +59.4% |
| Amounts payable within one year | 42/48 | €17,394 | €27,727 | +€10,333 | +59.4% |
| Trade debts | 44 | €321 | €0 | -€321 | -100% |
| Suppliers | 440/4 | €321 | €0 | -€321 | -100% |
| Taxes, remuneration and social security | 45 | €5,073 | €7,927 | +€2,854 | +56.2% |
| Taxes | 450/3 | €0 | €1,364 | +€1,364 | |
| Remuneration and social security | 454/9 | €5,073 | €6,562 | +€1,489 | +29.4% |
| Other amounts payable | 47/48 | €12,000 | €19,800 | +€7,800 | +65.0% |
| Turnover | 70 | €226,728 | €212,518 | -€14,210 | -6.3% |
| Non-recurring operating income | 76A | €138 | €349 | +€211 | +153% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,473 | €134,267 | -€17,205 | -11.4% |
| Remuneration, social security and pensions | 62 | €38,812 | €48,733 | +€9,921 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121 | €121 | = | 0.0% |
| Other operating charges | 640/8 | €602 | €251 | -€351 | -58.2% |
| Gross operating margin | 9900 | €75,393 | €78,600 | +€3,207 | +4.3% |
| Operating profit (loss) | 9901 | €35,858 | €29,494 | -€6,364 | -17.7% |
| Financial income | 75/76B | €1,210 | €1,491 | +€280 | +23.2% |
| Recurring financial income | 75 | €1,210 | €1,491 | +€280 | +23.2% |
| Financial charges | 65/66B | €184 | €203 | +€19 | +10.5% |
| Recurring financial charges | 65 | €184 | €203 | +€19 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €36,884 | €30,781 | -€6,103 | -16.5% |
| Income taxes | 67/77 | €10,302 | €6,809 | -€3,492 | -33.9% |
| Profit (loss) for the period | 9904 | €26,582 | €23,972 | -€2,611 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,582 | €23,972 | -€2,611 | -9.8% |
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 27 October 2026 via checked.be.