AFIXCO GROUP: 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.
AFIXCO GROUP
Largest movements
- Receivables within one year -€14,675
down €14,675 (-22.5%), from €65,327 to €50,652
- Tangible fixed assets -€12,688
down €12,688 (-1.4%), from €894,329 to €881,641
of which Land and buildings: -€32,087
- Debts after one year -€22,319
down €22,319 (-3.2%), from €705,364 to €683,045
- Other debts -€21,548
down €21,548 (-14.4%), from €149,900 to €128,352
- Profit (loss) carried forward +€12,334
up €12,334 (+39.8%), from €31,009 to €43,344
- Depreciation +€14,285
up €14,285 (+30.5%), from €46,787 to €61,072
- Gross operating margin +€13,135
up €13,135 (+12.6%), from €104,618 to €117,753
- Turnover -€4,882
down €4,882 (-4.5%), from €107,430 to €102,548
- Purchases and services -€1,799
down €1,799 (-8.4%), from €21,383 to €19,585
- Financial charges -€1,243
down €1,243 (-7.2%), from €17,216 to €15,973
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 | €969,533 | €940,739 | -€28,794 | -3.0% |
| Fixed assets | 21/28 | €894,329 | €881,641 | -€12,688 | -1.4% |
| Tangible fixed assets | 22/27 | €894,329 | €881,641 | -€12,688 | -1.4% |
| Land and buildings | 22 | €885,488 | €853,401 | -€32,087 | -3.6% |
| Furniture and vehicles | 24 | €8,200 | €27,920 | +€19,720 | +240% |
| Leasing and similar rights | 25 | €640 | €320 | -€320 | -50.0% |
| Current assets | 29/58 | €75,204 | €59,098 | -€16,106 | -21.4% |
| Amounts receivable within one year | 40/41 | €65,327 | €50,652 | -€14,675 | -22.5% |
| Trade receivables | 40 | €65,327 | €50,652 | -€14,675 | -22.5% |
| Cash at bank and in hand | 54/58 | €786 | €8,446 | +€7,660 | +974% |
| Deferred charges and accrued income | 490/1 | €9,091 | - | -€9,091 | |
| Total equity and liabilities | 10/49 | €969,533 | €940,739 | -€28,794 | -3.0% |
| Equity | 10/15 | €40,009 | €52,344 | +€12,334 | +30.8% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Capital | 10 | €9,000 | €9,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €9,600 | €9,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,009 | €43,344 | +€12,334 | +39.8% |
| Amounts payable | 17/49 | €929,523 | €888,396 | -€41,128 | -4.4% |
| Amounts payable after more than one year | 17 | €705,364 | €683,045 | -€22,319 | -3.2% |
| Financial debts | 170/4 | €705,364 | €683,045 | -€22,319 | -3.2% |
| Amounts payable within one year | 42/48 | €213,359 | €203,647 | -€9,712 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €40,167 | €46,470 | +€6,302 | +15.7% |
| Trade debts | 44 | - | €6,406 | +€6,406 | |
| Suppliers | 440/4 | - | €6,406 | +€6,406 | |
| Taxes, remuneration and social security | 45 | €23,291 | €22,419 | -€872 | -3.7% |
| Taxes | 450/3 | €23,291 | €22,419 | -€872 | -3.7% |
| Other amounts payable | 47/48 | €149,900 | €128,352 | -€21,548 | -14.4% |
| Accrued charges and deferred income | 492/3 | €10,801 | €1,704 | -€9,097 | -84.2% |
| Turnover | 70 | €107,430 | €102,548 | -€4,882 | -4.5% |
| Non-recurring operating income | 76A | €3,063 | €7,301 | +€4,237 | +138% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,383 | €19,585 | -€1,799 | -8.4% |
| Remuneration, social security and pensions | 62 | €28,723 | €28,373 | -€349 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,787 | €61,072 | +€14,285 | +30.5% |
| Other operating charges | 640/8 | €0 | - | -€0 | |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €104,618 | €117,753 | +€13,135 | +12.6% |
| Operating profit (loss) | 9901 | €29,108 | €28,308 | -€801 | -2.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €17,216 | €15,973 | -€1,243 | -7.2% |
| Recurring financial charges | 65 | €17,216 | €15,973 | -€1,243 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €11,892 | €12,334 | +€442 | +3.7% |
| Profit (loss) for the period | 9904 | €11,892 | €12,334 | +€442 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,892 | €12,334 | +€442 | +3.7% |
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 19 October 2026 via checked.be.