AFL: 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.
AFL
Largest movements
- Receivables within one year -€65,961
down €65,961 (-87.2%), from €75,635 to €9,674
of which Other amounts receivable: -€45,488
- Tangible fixed assets -€29,413
down €29,413 (-8.0%), from €365,560 to €336,148
of which Furniture and vehicles: -€18,511
- Cash -€26,590
down €26,590 (-93.4%), from €28,484 to €1,894
mainly Net result for the year (-€88,655) and Tax, wage and social debts (-€37,682)
- Financial fixed assets +€7,000
new in 2025: €7,000
- Profit (loss) carried forward -€88,655
down €88,655 (-39.7%), from €223,192 to €134,537
- Tax, wage and social debts -€37,682
down €37,682 (-95.6%), from €39,418 to €1,735
of which Taxes: -€35,082
- Other debts +€19,595
up €19,595 (+33,913%), from €58 to €19,653
- Debts after one year -€10,410
down €10,410 (-5.6%), from €185,970 to €175,560
- Gross operating margin -€210,764
down €210,764, from €161,967 to -€48,797
- Taxes -€36,169
down €36,169 (-99.6%), from €36,315 to €145
- Depreciation +€10,269
up €10,269 (+53.6%), from €19,144 to €29,413
- Financial charges +€2,820
up €2,820 (+47.3%), from €5,958 to €8,778
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 | €469,807 | €354,715 | -€115,092 | -24.5% |
| Fixed assets | 21/28 | €365,560 | €343,148 | -€22,413 | -6.1% |
| Tangible fixed assets | 22/27 | €365,560 | €336,148 | -€29,413 | -8.0% |
| Land and buildings | 22 | €321,596 | €310,694 | -€10,902 | -3.4% |
| Furniture and vehicles | 24 | €43,964 | €25,453 | -€18,511 | -42.1% |
| Financial fixed assets | 28 | - | €7,000 | +€7,000 | |
| Current assets | 29/58 | €104,247 | €11,568 | -€92,679 | -88.9% |
| Amounts receivable within one year | 40/41 | €75,635 | €9,674 | -€65,961 | -87.2% |
| Trade receivables | 40 | €29,943 | €9,470 | -€20,473 | -68.4% |
| Other amounts receivable | 41 | €45,692 | €204 | -€45,488 | -99.6% |
| Cash at bank and in hand | 54/58 | €28,484 | €1,894 | -€26,590 | -93.4% |
| Deferred charges and accrued income | 490/1 | €128 | - | -€128 | |
| Total equity and liabilities | 10/49 | €469,807 | €354,715 | -€115,092 | -24.5% |
| Equity | 10/15 | €226,192 | €137,537 | -€88,655 | -39.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €223,192 | €134,537 | -€88,655 | -39.7% |
| Amounts payable | 17/49 | €243,615 | €217,179 | -€26,436 | -10.9% |
| Amounts payable after more than one year | 17 | €185,970 | €175,560 | -€10,410 | -5.6% |
| Financial debts | 170/4 | €185,970 | €175,560 | -€10,410 | -5.6% |
| Amounts payable within one year | 42/48 | €57,645 | €41,619 | -€16,026 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €9,987 | €10,410 | +€423 | +4.2% |
| Trade debts | 44 | €8,182 | €9,820 | +€1,638 | +20.0% |
| Suppliers | 440/4 | €8,182 | €9,820 | +€1,638 | +20.0% |
| Taxes, remuneration and social security | 45 | €39,418 | €1,735 | -€37,682 | -95.6% |
| Taxes | 450/3 | €36,818 | €1,735 | -€35,082 | -95.3% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €58 | €19,653 | +€19,595 | +33,913% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,144 | €29,413 | +€10,269 | +53.6% |
| Other operating charges | 640/8 | €686 | €1,522 | +€836 | +122% |
| Gross operating margin | 9900 | €161,967 | -€48,797 | -€210,764 | |
| Operating profit (loss) | 9901 | €142,137 | -€79,732 | -€221,869 | |
| Financial income | 75/76B | €32 | €0 | -€32 | -99.6% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -99.6% |
| Financial charges | 65/66B | €5,958 | €8,778 | +€2,820 | +47.3% |
| Recurring financial charges | 65 | €5,958 | €8,778 | +€2,820 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €136,211 | -€88,510 | -€224,721 | |
| Income taxes | 67/77 | €36,315 | €145 | -€36,169 | -99.6% |
| Profit (loss) for the period | 9904 | €99,896 | -€88,655 | -€188,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,896 | -€88,655 | -€188,551 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.