AFM: 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.
AFM
Largest movements
- Receivables within one year +€21,306
up €21,306 (+299.3%), from €7,119 to €28,425
of which Other amounts receivable: +€10,981
- Cash -€3,313
down €3,313 (-94.7%), from €3,500 to €187
mainly Receivables within one year (-€21,306) and Tax, wage and social debts (-€933)
- Financial fixed assets -€2,610
down €2,610 (-59.2%), from €4,410 to €1,800
- Tangible fixed assets -€1,192
no longer reported in 2024 (was €1,192)
of which Furniture and vehicles: -€820
- Profit (loss) carried forward +€7,781
up €7,781, from -€6,605 to €1,176
- Advances received +€6,923
up €6,923, from €0 to €6,923
- Tax, wage and social debts -€933
down €933 (-12.9%), from €7,253 to €6,320
- Trade debts +€928
up €928, from €0 to €928
- Current portion of long-term debt -€508
down €508 (-74.6%), from €681 to €173
- Turnover +€20,228
up €20,228 (+75.7%), from €26,735 to €46,963
- Purchases and services +€17,611
up €17,611 (+94.6%), from €18,613 to €36,224
- Gross operating margin +€2,618
up €2,618 (+32.2%), from €8,122 to €10,740
- Depreciation +€1,192
new in 2024: €1,192
- Staff costs +€1,067
new in 2024: €1,067
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,221 | €30,412 | +€14,191 | +87.5% |
| Fixed assets | 21/28 | €5,602 | €1,800 | -€3,802 | -67.9% |
| Tangible fixed assets | 22/27 | €1,192 | - | -€1,192 | |
| Plant, machinery and equipment | 23 | €372 | - | -€372 | |
| Furniture and vehicles | 24 | €820 | - | -€820 | |
| Financial fixed assets | 28 | €4,410 | €1,800 | -€2,610 | -59.2% |
| Current assets | 29/58 | €10,619 | €28,612 | +€17,993 | +169.4% |
| Amounts receivable within one year | 40/41 | €7,119 | €28,425 | +€21,306 | +299.3% |
| Trade receivables | 40 | €7,119 | €17,444 | +€10,325 | +145.0% |
| Other amounts receivable | 41 | - | €10,981 | +€10,981 | |
| Cash at bank and in hand | 54/58 | €3,500 | €187 | -€3,313 | -94.7% |
| Total equity and liabilities | 10/49 | €16,221 | €30,412 | +€14,191 | +87.5% |
| Equity | 10/15 | €8,287 | €16,068 | +€7,781 | +93.9% |
| Contributions | 10/11 | €14,850 | €14,850 | = | 0.0% |
| Capital | 10 | €14,850 | - | -€14,850 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €3,750 | - | -€3,750 | |
| Reserves | 13 | €42 | €42 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42 | €42 | = | 0.0% |
| Legal reserve | 130 | €42 | - | -€42 | |
| Reserves not available under the articles | 1311 | - | €42 | +€42 | |
| Profit (loss) carried forward | 14 | -€6,605 | €1,176 | +€7,781 | |
| Amounts payable | 17/49 | €7,934 | €14,344 | +€6,410 | +80.8% |
| Amounts payable within one year | 42/48 | €7,934 | €14,344 | +€6,410 | +80.8% |
| Current portion of amounts payable after more than one year | 42 | €681 | €173 | -€508 | -74.6% |
| Trade debts | 44 | €0 | €928 | +€928 | |
| Suppliers | 440/4 | €0 | €928 | +€928 | |
| Advances received on contracts in progress | 46 | €0 | €6,923 | +€6,923 | |
| Taxes, remuneration and social security | 45 | €7,253 | €6,320 | -€933 | -12.9% |
| Taxes | 450/3 | €7,253 | €6,320 | -€933 | -12.9% |
| Turnover | 70 | €26,735 | €46,963 | +€20,228 | +75.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,613 | €36,224 | +€17,611 | +94.6% |
| Remuneration, social security and pensions | 62 | - | €1,067 | +€1,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,192 | +€1,192 | |
| Other operating charges | 640/8 | - | €459 | +€459 | |
| Gross operating margin | 9900 | €8,122 | €10,740 | +€2,618 | +32.2% |
| Operating profit (loss) | 9901 | €8,122 | €8,022 | -€100 | -1.2% |
| Financial charges | 65/66B | - | €241 | +€241 | |
| Recurring financial charges | 65 | - | €241 | +€241 | |
| Profit (loss) for the period before taxes | 9903 | €8,122 | €7,781 | -€341 | -4.2% |
| Profit (loss) for the period | 9904 | €8,122 | €7,781 | -€341 | -4.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €8,122 | €7,781 | -€341 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.