AFL Holding: 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 Holding
Largest movements
- Receivables within one year +€19,140
up €19,140 (+89.7%), from €21,336 to €40,476
of which Other amounts receivable: +€12,721
- Debts after one year -€135,000
no longer reported in 2025 (was €135,000)
- Profit (loss) carried forward +€96,865
up €96,865 (+193%), from €50,313 to €147,178
- Other debts +€52,880
up €52,880 (+42.3%), from €125,000 to €177,880
- Turnover -€96,000
no longer reported in 2025 (was €96,000)
- Gross operating margin +€63,328
up €63,328 (+93.1%), from €68,031 to €131,359
- Purchases and services -€27,969
no longer reported in 2025 (was €27,969)
- Taxes +€8,851
up €8,851 (+52.8%), from €16,771 to €25,622
- Financial charges +€8,392
up €8,392 (+9,009%), from €93 to €8,486
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 | €454,700 | €474,124 | +€19,425 | +4.3% |
| Fixed assets | 21/28 | €430,000 | €432,045 | +€2,045 | +0.5% |
| Financial fixed assets | 28 | €430,000 | €432,045 | +€2,045 | +0.5% |
| Current assets | 29/58 | €24,700 | €42,079 | +€17,380 | +70.4% |
| Amounts receivable within one year | 40/41 | €21,336 | €40,476 | +€19,140 | +89.7% |
| Trade receivables | 40 | €20,786 | €27,205 | +€6,419 | +30.9% |
| Other amounts receivable | 41 | €550 | €13,271 | +€12,721 | +2,313% |
| Cash at bank and in hand | 54/58 | €3,364 | €1,024 | -€2,340 | -69.6% |
| Deferred charges and accrued income | 490/1 | - | €580 | +€580 | |
| Total equity and liabilities | 10/49 | €454,700 | €474,124 | +€19,425 | +4.3% |
| Equity | 10/15 | €170,313 | €267,178 | +€96,865 | +56.9% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,313 | €147,178 | +€96,865 | +193% |
| Amounts payable | 17/49 | €284,386 | €206,947 | -€77,440 | -27.2% |
| Amounts payable after more than one year | 17 | €135,000 | - | -€135,000 | |
| Financial debts | 170/4 | €135,000 | - | -€135,000 | |
| Amounts payable within one year | 42/48 | €149,386 | €206,947 | +€57,560 | +38.5% |
| Trade debts | 44 | - | €3,445 | +€3,445 | |
| Suppliers | 440/4 | - | €3,445 | +€3,445 | |
| Taxes, remuneration and social security | 45 | €24,386 | €25,622 | +€1,235 | +5.1% |
| Taxes | 450/3 | €24,362 | €25,622 | +€1,260 | +5.2% |
| Remuneration and social security | 454/9 | €24 | - | -€24 | |
| Other amounts payable | 47/48 | €125,000 | €177,880 | +€52,880 | +42.3% |
| Turnover | 70 | €96,000 | - | -€96,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €27,969 | - | -€27,969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €854 | - | -€854 | |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €68,031 | €131,359 | +€63,328 | +93.1% |
| Operating profit (loss) | 9901 | €67,177 | €130,972 | +€63,794 | +95.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €93 | €8,486 | +€8,392 | +9,009% |
| Recurring financial charges | 65 | €93 | €8,486 | +€8,392 | +9,009% |
| Profit (loss) for the period before taxes | 9903 | €67,084 | €122,486 | +€55,402 | +82.6% |
| Income taxes | 67/77 | €16,771 | €25,622 | +€8,851 | +52.8% |
| Profit (loss) for the period | 9904 | €50,313 | €96,865 | +€46,552 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,313 | €96,865 | +€46,552 | +92.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.