AFISAM: what changed
Two fiscal 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.
AFISAM
Largest movements
- Cash +€16,407
up €16,407 (+363.1%), from €4,519 to €20,927
mainly Net result for the year (+€13,004) and Receivables within one year (+€7,821)
- Receivables within one year -€7,821
no longer reported in 2025 (was €7,821)
- Stocks and contracts +€4,012
up €4,012 (+13.1%), from €30,720 to €34,732
- Tangible fixed assets -€3,535
down €3,535 (-39.8%), from €8,880 to €5,345
of which Furniture and vehicles: -€2,599
- Profit (loss) carried forward +€13,004
up €13,004 (+15.7%), from -€82,765 to -€69,762
- Tax, wage and social debts -€2,650
down €2,650 (-19.5%), from €13,609 to €10,959
- Advances received -€2,055
no longer reported in 2025 (was €2,055)
- Other debts +€953
up €953 (+1.0%), from €98,863 to €99,816
- Gross operating margin +€7,031
up €7,031 (+61.6%), from €11,406 to €18,437
- Other operating charges -€5,096
down €5,096 (-80.6%), from €6,323 to €1,227
- Financial charges +€422
up €422 (+390.6%), from €108 to €530
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 | €52,333 | €61,315 | +€8,982 | +17.2% |
| Fixed assets | 21/28 | €8,880 | €5,345 | -€3,535 | -39.8% |
| Tangible fixed assets | 22/27 | €8,880 | €5,345 | -€3,535 | -39.8% |
| Plant, machinery and equipment | 23 | €3,636 | €2,700 | -€936 | -25.7% |
| Furniture and vehicles | 24 | €5,244 | €2,645 | -€2,599 | -49.6% |
| Current assets | 29/58 | €43,453 | €55,970 | +€12,517 | +28.8% |
| Stocks and contracts in progress | 3 | €30,720 | €34,732 | +€4,012 | +13.1% |
| Stocks | 30/36 | €30,720 | €34,732 | +€4,012 | +13.1% |
| Amounts receivable within one year | 40/41 | €7,821 | - | -€7,821 | |
| Trade receivables | 40 | €7,821 | - | -€7,821 | |
| Cash at bank and in hand | 54/58 | €4,519 | €20,927 | +€16,407 | +363.1% |
| Deferred charges and accrued income | 490/1 | €393 | €312 | -€81 | -20.7% |
| Total equity and liabilities | 10/49 | €52,333 | €61,315 | +€8,982 | +17.2% |
| Equity | 10/15 | -€63,338 | -€50,334 | +€13,004 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €828 | €828 | = | 0.0% |
| Distributable reserves | 133 | €828 | €828 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,765 | -€69,762 | +€13,004 | +15.7% |
| Amounts payable | 17/49 | €115,671 | €111,649 | -€4,022 | -3.5% |
| Amounts payable within one year | 42/48 | €115,671 | €111,453 | -€4,218 | -3.6% |
| Trade debts | 44 | €1,144 | €677 | -€467 | -40.8% |
| Suppliers | 440/4 | €1,144 | €677 | -€467 | -40.8% |
| Advances received on contracts in progress | 46 | €2,055 | - | -€2,055 | |
| Taxes, remuneration and social security | 45 | €13,609 | €10,959 | -€2,650 | -19.5% |
| Taxes | 450/3 | €13,609 | €10,959 | -€2,650 | -19.5% |
| Other amounts payable | 47/48 | €98,863 | €99,816 | +€953 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €196 | +€196 | |
| Non-recurring operating income | 76A | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,535 | €3,535 | = | 0.0% |
| Other operating charges | 640/8 | €6,323 | €1,227 | -€5,096 | -80.6% |
| Gross operating margin | 9900 | €11,406 | €18,437 | +€7,031 | +61.6% |
| Operating profit (loss) | 9901 | €1,548 | €13,675 | +€12,127 | +783.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €108 | €530 | +€422 | +390.6% |
| Recurring financial charges | 65 | €108 | €530 | +€422 | +390.6% |
| Profit (loss) for the period before taxes | 9903 | €1,440 | €13,145 | +€11,705 | +812.6% |
| Income taxes | 67/77 | €132 | €142 | +€10 | +7.7% |
| Profit (loss) for the period | 9904 | €1,309 | €13,004 | +€11,695 | +893.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,309 | €13,004 | +€11,695 | +893.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.