AFLS: 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.
AFLS
Largest movements
- Cash +€73,312
up €73,312 (+114.8%), from €63,841 to €137,153
mainly Net result for the year (+€93,423) and Depreciation (+€14,167)
- Current investments +€14,999
up €14,999 (+150.0%), from €9,999 to €24,999
- Receivables within one year +€13,472
up €13,472 (+74.2%), from €18,150 to €31,622
- Tangible fixed assets -€12,989
down €12,989 (-22.2%), from €58,396 to €45,407
- Profit (loss) carried forward +€93,423
up €93,423 (+154.3%), from €60,557 to €153,980
- Debts after one year -€12,952
down €12,952 (-28.8%), from €44,998 to €32,046
- Tax, wage and social debts +€9,692
up €9,692 (+33.2%), from €29,225 to €38,917
of which Taxes: +€10,292
- Gross operating margin +€46,449
up €46,449 (+52.7%), from €88,063 to €134,512
- Taxes +€9,784
up €9,784 (+63.1%), from €15,511 to €25,295
- Depreciation +€4,152
up €4,152 (+41.5%), from €10,015 to €14,167
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 | €150,386 | €239,182 | +€88,795 | +59.0% |
| Fixed assets | 21/28 | €58,396 | €45,407 | -€12,989 | -22.2% |
| Tangible fixed assets | 22/27 | €58,396 | €45,407 | -€12,989 | -22.2% |
| Furniture and vehicles | 24 | €58,396 | €45,407 | -€12,989 | -22.2% |
| Current assets | 29/58 | €91,991 | €193,774 | +€101,784 | +110.6% |
| Amounts receivable within one year | 40/41 | €18,150 | €31,622 | +€13,472 | +74.2% |
| Trade receivables | 40 | €18,150 | €31,622 | +€13,472 | +74.2% |
| Current investments | 50/53 | €9,999 | €24,999 | +€14,999 | +150.0% |
| Cash at bank and in hand | 54/58 | €63,841 | €137,153 | +€73,312 | +114.8% |
| Total equity and liabilities | 10/49 | €150,386 | €239,182 | +€88,795 | +59.0% |
| Equity | 10/15 | €62,557 | €153,980 | +€91,423 | +146.1% |
| Contributions | 10/11 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €60,557 | €153,980 | +€93,423 | +154.3% |
| Amounts payable | 17/49 | €87,830 | €85,202 | -€2,628 | -3.0% |
| Amounts payable after more than one year | 17 | €44,998 | €32,046 | -€12,952 | -28.8% |
| Financial debts | 170/4 | €44,998 | €32,046 | -€12,952 | -28.8% |
| Amounts payable within one year | 42/48 | €42,832 | €53,156 | +€10,324 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €12,506 | €12,952 | +€446 | +3.6% |
| Trade debts | 44 | €650 | €1,286 | +€636 | +97.9% |
| Suppliers | 440/4 | €650 | €1,286 | +€636 | +97.9% |
| Taxes, remuneration and social security | 45 | €29,225 | €38,917 | +€9,692 | +33.2% |
| Taxes | 450/3 | €28,625 | €38,917 | +€10,292 | +36.0% |
| Remuneration and social security | 454/9 | €600 | €0 | -€600 | -100.0% |
| Other amounts payable | 47/48 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,015 | €14,167 | +€4,152 | +41.5% |
| Other operating charges | 640/8 | €348 | €101 | -€247 | -71.0% |
| Gross operating margin | 9900 | €88,063 | €134,512 | +€46,449 | +52.7% |
| Operating profit (loss) | 9901 | €77,699 | €120,244 | +€42,545 | +54.8% |
| Financial income | 75/76B | €1 | €442 | +€441 | +77366.7% |
| Recurring financial income | 75 | €1 | €442 | +€441 | +77366.7% |
| Financial charges | 65/66B | €1,632 | €1,967 | +€335 | +20.6% |
| Recurring financial charges | 65 | €1,632 | €1,967 | +€335 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €76,068 | €118,718 | +€42,650 | +56.1% |
| Income taxes | 67/77 | €15,511 | €25,295 | +€9,784 | +63.1% |
| Profit (loss) for the period | 9904 | €60,557 | €93,423 | +€32,867 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,557 | €93,423 | +€32,867 | +54.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.