AFJ & PARTNERS: 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.
AFJ & PARTNERS
Largest movements
- Current investments -€205,422
no longer reported in 2025 (was €205,422)
- Cash +€173,997
up €173,997 (+1190.3%), from €14,618 to €188,615
mainly Other debts (+€209,511) and Current investments (+€205,422)
- Receivables within one year +€9,822
up €9,822 (+19.4%), from €50,709 to €60,530
of which Other amounts receivable: +€15,124
- Reserves -€251,015
no longer reported in 2025 (was €251,015)
- Other debts +€209,511
new in 2025: €209,511
- Tax, wage and social debts +€19,066
up €19,066 (+106.5%), from €17,906 to €36,973
- Gross operating margin -€89,896
down €89,896, from €75,858 to -€14,038
- Taxes -€17,906
no longer reported in 2025 (was €17,906)
- Financial income +€1,856
up €1,856 (+19.6%), from €9,448 to €11,304
- Financial charges -€1,409
down €1,409 (-68.6%), from €2,053 to €645
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 | €272,737 | €250,239 | -€22,498 | -8.2% |
| Fixed assets | 21/28 | €1,454 | €701 | -€753 | -51.8% |
| Tangible fixed assets | 22/27 | €1,454 | €701 | -€753 | -51.8% |
| Furniture and vehicles | 24 | €1,454 | €701 | -€753 | -51.8% |
| Current assets | 29/58 | €271,283 | €249,538 | -€21,744 | -8.0% |
| Amounts receivable within one year | 40/41 | €50,709 | €60,530 | +€9,822 | +19.4% |
| Trade receivables | 40 | €5,302 | - | -€5,302 | |
| Other amounts receivable | 41 | €45,407 | €60,530 | +€15,124 | +33.3% |
| Current investments | 50/53 | €205,422 | - | -€205,422 | |
| Cash at bank and in hand | 54/58 | €14,618 | €188,615 | +€173,997 | +1190.3% |
| Deferred charges and accrued income | 490/1 | €534 | €393 | -€141 | -26.4% |
| Total equity and liabilities | 10/49 | €272,737 | €250,239 | -€22,498 | -8.2% |
| Equity | 10/15 | €254,015 | €3,000 | -€251,015 | -98.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €251,015 | - | -€251,015 | |
| Distributable reserves | 133 | €251,015 | - | -€251,015 | |
| Amounts payable | 17/49 | €18,721 | €247,239 | +€228,518 | +1220.6% |
| Amounts payable within one year | 42/48 | €17,937 | €246,839 | +€228,902 | +1276.1% |
| Trade debts | 44 | €31 | €356 | +€325 | +1050.2% |
| Suppliers | 440/4 | €31 | €356 | +€325 | +1050.2% |
| Taxes, remuneration and social security | 45 | €17,906 | €36,973 | +€19,066 | +106.5% |
| Taxes | 450/3 | €17,906 | €36,973 | +€19,066 | +106.5% |
| Other amounts payable | 47/48 | - | €209,511 | +€209,511 | |
| Accrued charges and deferred income | 492/3 | €784 | €400 | -€384 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080 | €753 | -€326 | -30.2% |
| Other operating charges | 640/8 | €473 | €400 | -€73 | -15.5% |
| Gross operating margin | 9900 | €75,858 | -€14,038 | -€89,896 | |
| Operating profit (loss) | 9901 | €74,306 | -€15,191 | -€89,497 | |
| Financial income | 75/76B | €9,448 | €11,304 | +€1,856 | +19.6% |
| Recurring financial income | 75 | €9,448 | €11,304 | +€1,856 | +19.6% |
| Financial charges | 65/66B | €2,053 | €645 | -€1,409 | -68.6% |
| Recurring financial charges | 65 | €2,053 | €645 | -€1,409 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €81,701 | -€4,532 | -€86,232 | |
| Income taxes | 67/77 | €17,906 | - | -€17,906 | |
| Profit (loss) for the period | 9904 | €63,794 | -€4,532 | -€68,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,794 | -€4,532 | -€68,326 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.