AFKIR HAFIDA: 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.
AFKIR HAFIDA
Largest movements
- Cash -€55,496
down €55,496 (-94.5%), from €58,746 to €3,250
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€30,738)
- Financial fixed assets +€30,078
up €30,078 (+42.6%), from €70,557 to €100,635
- Tangible fixed assets -€19,867
down €19,867 (-4.1%), from €485,691 to €465,824
of which Land and buildings: -€17,027
- Receivables within one year -€8,559
down €8,559 (-45.6%), from €18,777 to €10,218
of which Trade receivables: -€8,243
- Reserves -€98,856
down €98,856 (-19.7%), from €501,264 to €402,407
- Other debts +€62,501
up €62,501 (+257%), from €24,362 to €86,863
- Tax, wage and social debts -€15,762
down €15,762 (-63.9%), from €24,682 to €8,919
- Gross operating margin -€113,003
down €113,003 (-81.3%), from €138,912 to €25,909
- Taxes -€36,368
down €36,368 (-97.4%), from €37,352 to €984
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 | €641,206 | €586,672 | -€54,534 | -8.5% |
| Fixed assets | 21/28 | €556,248 | €566,459 | +€10,211 | +1.8% |
| Tangible fixed assets | 22/27 | €485,691 | €465,824 | -€19,867 | -4.1% |
| Land and buildings | 22 | €479,038 | €462,010 | -€17,027 | -3.6% |
| Furniture and vehicles | 24 | €535 | €752 | +€217 | +40.5% |
| Other tangible fixed assets | 26 | €6,119 | €3,062 | -€3,057 | -50.0% |
| Financial fixed assets | 28 | €70,557 | €100,635 | +€30,078 | +42.6% |
| Current assets | 29/58 | €84,958 | €20,213 | -€64,745 | -76.2% |
| Amounts receivable within one year | 40/41 | €18,777 | €10,218 | -€8,559 | -45.6% |
| Trade receivables | 40 | €18,461 | €10,218 | -€8,243 | -44.7% |
| Other amounts receivable | 41 | €316 | - | -€316 | |
| Cash at bank and in hand | 54/58 | €58,746 | €3,250 | -€55,496 | -94.5% |
| Deferred charges and accrued income | 490/1 | €7,435 | €6,746 | -€689 | -9.3% |
| Total equity and liabilities | 10/49 | €641,206 | €586,672 | -€54,534 | -8.5% |
| Equity | 10/15 | €587,664 | €488,807 | -€98,856 | -16.8% |
| Contributions | 10/11 | €86,400 | €86,400 | = | 0.0% |
| Reserves | 13 | €501,264 | €402,407 | -€98,856 | -19.7% |
| Distributable reserves | 133 | €501,264 | €402,407 | -€98,856 | -19.7% |
| Amounts payable | 17/49 | €53,543 | €97,865 | +€44,322 | +82.8% |
| Amounts payable within one year | 42/48 | €53,543 | €97,865 | +€44,322 | +82.8% |
| Trade debts | 44 | €4,499 | €2,083 | -€2,416 | -53.7% |
| Suppliers | 440/4 | €4,499 | €2,083 | -€2,416 | -53.7% |
| Taxes, remuneration and social security | 45 | €24,682 | €8,919 | -€15,762 | -63.9% |
| Taxes | 450/3 | €24,682 | €8,919 | -€15,762 | -63.9% |
| Other amounts payable | 47/48 | €24,362 | €86,863 | +€62,501 | +257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,353 | €20,528 | +€174 | +0.9% |
| Other operating charges | 640/8 | €3,165 | €3,206 | +€42 | +1.3% |
| Gross operating margin | 9900 | €138,912 | €25,909 | -€113,003 | -81.3% |
| Operating profit (loss) | 9901 | €115,394 | €2,175 | -€113,219 | -98.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €47 | €48 | +€2 | +3.2% |
| Recurring financial charges | 65 | €47 | €48 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €115,348 | €2,127 | -€113,221 | -98.2% |
| Income taxes | 67/77 | €37,352 | €984 | -€36,368 | -97.4% |
| Profit (loss) for the period | 9904 | €77,996 | €1,144 | -€76,852 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,996 | €1,144 | -€76,852 | -98.5% |
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 26 October 2026 via checked.be.