Afinko: 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.
Afinko
Largest movements
- Receivables within one year +€68,521
up €68,521 (+58.7%), from €116,758 to €185,278
of which Trade receivables: +€51,232
- Intangible fixed assets -€36,975
down €36,975 (-16.9%), from €219,409 to €182,434
- Cash -€28,020
down €28,020 (-51.4%), from €54,487 to €26,468
mainly Receivables within one year (-€68,521) and Debts after one year (-€66,282)
- Tangible fixed assets -€8,309
down €8,309 (-17.2%), from €48,207 to €39,898
- Debts after one year -€66,282
down €66,282 (-40.0%), from €165,776 to €99,494
- Trade debts +€60,902
up €60,902 (+39.0%), from €155,991 to €216,893
- Reserves +€29,083
up €29,083 (+77.9%), from €37,343 to €66,427
- Other debts -€28,837
down €28,837 (-100.0%), from €28,837 to €0
- Gross operating margin +€63,646
up €63,646 (+29.6%), from €214,889 to €278,535
- Staff costs +€56,658
up €56,658 (+48.5%), from €116,752 to €173,410
- Taxes +€6,847
up €6,847 (+38.0%), from €18,017 to €24,864
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €476,953 | €471,173 | -€5,780 | -1.2% |
| Fixed assets | 21/28 | €273,241 | €227,990 | -€45,250 | -16.6% |
| Intangible fixed assets | 21 | €219,409 | €182,434 | -€36,975 | -16.9% |
| Tangible fixed assets | 22/27 | €48,207 | €39,898 | -€8,309 | -17.2% |
| Furniture and vehicles | 24 | €48,207 | €39,898 | -€8,309 | -17.2% |
| Financial fixed assets | 28 | €5,624 | €5,658 | +€34 | +0.6% |
| Current assets | 29/58 | €203,712 | €243,183 | +€39,471 | +19.4% |
| Amounts receivable within one year | 40/41 | €116,758 | €185,278 | +€68,521 | +58.7% |
| Trade receivables | 40 | €113,872 | €165,104 | +€51,232 | +45.0% |
| Other amounts receivable | 41 | €2,886 | €20,175 | +€17,289 | +599.1% |
| Cash at bank and in hand | 54/58 | €54,487 | €26,468 | -€28,020 | -51.4% |
| Deferred charges and accrued income | 490/1 | €32,467 | €31,437 | -€1,031 | -3.2% |
| Total equity and liabilities | 10/49 | €476,953 | €471,173 | -€5,780 | -1.2% |
| Equity | 10/15 | €39,343 | €68,427 | +€29,083 | +73.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,343 | €66,427 | +€29,083 | +77.9% |
| Distributable reserves | 133 | €37,343 | €66,427 | +€29,083 | +77.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €437,609 | €402,746 | -€34,863 | -8.0% |
| Amounts payable after more than one year | 17 | €165,776 | €99,494 | -€66,282 | -40.0% |
| Financial debts | 170/4 | €165,776 | €99,494 | -€66,282 | -40.0% |
| Amounts payable within one year | 42/48 | €271,833 | €303,252 | +€31,419 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €70,142 | €66,282 | -€3,860 | -5.5% |
| Trade debts | 44 | €155,991 | €216,893 | +€60,902 | +39.0% |
| Suppliers | 440/4 | €155,991 | €216,893 | +€60,902 | +39.0% |
| Taxes, remuneration and social security | 45 | €16,862 | €20,076 | +€3,214 | +19.1% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €16,862 | €20,076 | +€3,214 | +19.1% |
| Other amounts payable | 47/48 | €28,837 | €0 | -€28,837 | -100.0% |
| Remuneration, social security and pensions | 62 | €116,752 | €173,410 | +€56,658 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,064 | €46,311 | -€753 | -1.6% |
| Other operating charges | 640/8 | €1,431 | €2,480 | +€1,049 | +73.3% |
| Gross operating margin | 9900 | €214,889 | €278,535 | +€63,646 | +29.6% |
| Operating profit (loss) | 9901 | €49,642 | €56,333 | +€6,691 | +13.5% |
| Financial income | 75/76B | €528 | €50 | -€477 | -90.4% |
| Recurring financial income | 75 | €528 | €50 | -€477 | -90.4% |
| Financial charges | 65/66B | €3,513 | €2,436 | -€1,077 | -30.7% |
| Recurring financial charges | 65 | €3,513 | €2,436 | -€1,077 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €46,657 | €53,947 | +€7,290 | +15.6% |
| Income taxes | 67/77 | €18,017 | €24,864 | +€6,847 | +38.0% |
| Profit (loss) for the period | 9904 | €28,640 | €29,083 | +€443 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,640 | €29,083 | +€443 | +1.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.