AFISCON: 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.
AFISCON
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€4,738
up €4,738 (+4.1%), from €116,241 to €120,978
mainly Net result for the year (+€80,578) and Current investments (+€50,000)
- Tangible fixed assets +€3,109
new in 2025: €3,109
- Other debts -€50,000
down €50,000 (-70.4%), from €71,000 to €21,000
- Reserves +€10,578
up €10,578 (+60.9%), from €17,365 to €27,944
- Gross operating margin -€3,860
down €3,860 (-3.3%), from €115,680 to €111,820
- Depreciation +€3,109
new in 2025: €3,109
- Taxes -€2,541
down €2,541 (-9.6%), from €26,469 to €23,928
- Financial income -€1,512
down €1,512 (-88.2%), from €1,714 to €202
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 | €189,261 | €147,903 | -€41,358 | -21.9% |
| Fixed assets | 21/28 | - | €3,109 | +€3,109 | |
| Tangible fixed assets | 22/27 | - | €3,109 | +€3,109 | |
| Furniture and vehicles | 24 | - | €3,109 | +€3,109 | |
| Current assets | 29/58 | €189,261 | €144,794 | -€44,466 | -23.5% |
| Amounts receivable after more than one year | 29 | €22,583 | €23,816 | +€1,233 | +5.5% |
| Trade receivables | 290 | €22,583 | €23,637 | +€1,055 | +4.7% |
| Other amounts receivable | 291 | - | €179 | +€179 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €116,241 | €120,978 | +€4,738 | +4.1% |
| Deferred charges and accrued income | 490/1 | €437 | - | -€437 | |
| Total equity and liabilities | 10/49 | €189,261 | €147,903 | -€41,358 | -21.9% |
| Equity | 10/15 | €96,111 | €106,689 | +€10,578 | +11.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €17,365 | €27,944 | +€10,578 | +60.9% |
| Distributable reserves | 133 | €17,365 | €27,944 | +€10,578 | +60.9% |
| Profit (loss) carried forward | 14 | €59,745 | €59,745 | = | 0.0% |
| Amounts payable | 17/49 | €93,150 | €41,214 | -€51,936 | -55.8% |
| Amounts payable within one year | 42/48 | €92,142 | €41,214 | -€50,928 | -55.3% |
| Trade debts | 44 | €3,489 | €3,491 | +€2 | +0.1% |
| Suppliers | 440/4 | €3,489 | €3,491 | +€2 | +0.1% |
| Taxes, remuneration and social security | 45 | €17,653 | €16,723 | -€930 | -5.3% |
| Taxes | 450/3 | €17,653 | €16,723 | -€930 | -5.3% |
| Other amounts payable | 47/48 | €71,000 | €21,000 | -€50,000 | -70.4% |
| Accrued charges and deferred income | 492/3 | €1,008 | - | -€1,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,109 | +€3,109 | |
| Other operating charges | 640/8 | €1,332 | €1,296 | -€36 | -2.7% |
| Gross operating margin | 9900 | €115,680 | €111,820 | -€3,860 | -3.3% |
| Operating profit (loss) | 9901 | €114,348 | €107,416 | -€6,932 | -6.1% |
| Financial income | 75/76B | €1,714 | €202 | -€1,512 | -88.2% |
| Recurring financial income | 75 | €1,714 | €202 | -€1,512 | -88.2% |
| Financial charges | 65/66B | €4,228 | €3,113 | -€1,116 | -26.4% |
| Recurring financial charges | 65 | €4,228 | €3,113 | -€1,116 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €111,834 | €104,506 | -€7,328 | -6.6% |
| Income taxes | 67/77 | €26,469 | €23,928 | -€2,541 | -9.6% |
| Profit (loss) for the period | 9904 | €85,365 | €80,578 | -€4,787 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,365 | €80,578 | -€4,787 | -5.6% |
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 9 October 2026 via checked.be.