AFO TECHNICAL SOLUTIONS: 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.
AFO TECHNICAL SOLUTIONS
Largest movements
- Receivables within one year +€65,949
up €65,949 (+8.3%), from €795,151 to €861,100
of which Trade receivables: +€53,647
- Cash -€41,538
down €41,538 (-10.3%), from €404,625 to €363,087
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€65,949)
- Tangible fixed assets -€28,000
down €28,000 (-20.0%), from €139,886 to €111,886
of which Furniture and vehicles: -€27,691
- Deferred charges and accrued income +€16,867
up €16,867 (+70.7%), from €23,874 to €40,741
- Other debts +€90,000
up €90,000 (+164.3%), from €54,780 to €144,780
- Reserves -€68,000
down €68,000 (-13.9%), from €490,800 to €422,800
of which Distributable reserves: -€68,000
- Debts after one year -€28,023
down €28,023 (-41.4%), from €67,663 to €39,640
- Accrued charges and deferred income +€24,806
new in 2024: €24,806
- Gross operating margin -€55,626
down €55,626 (-9.3%), from €600,546 to €544,921
- Taxes -€24,478
down €24,478 (-60.6%), from €40,387 to €15,908
- Staff costs +€18,325
up €18,325 (+4.2%), from €433,934 to €452,259
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 | €1,381,216 | €1,393,213 | +€11,997 | +0.9% |
| Fixed assets | 21/28 | €152,336 | €122,495 | -€29,841 | -19.6% |
| Tangible fixed assets | 22/27 | €139,886 | €111,886 | -€28,000 | -20.0% |
| Plant, machinery and equipment | 23 | €1,516 | €1,207 | -€309 | -20.4% |
| Furniture and vehicles | 24 | €138,370 | €110,679 | -€27,691 | -20.0% |
| Financial fixed assets | 28 | €12,450 | €10,608 | -€1,841 | -14.8% |
| Current assets | 29/58 | €1,228,880 | €1,270,718 | +€41,838 | +3.4% |
| Stocks and contracts in progress | 3 | €5,229 | €5,789 | +€560 | +10.7% |
| Stocks | 30/36 | €5,229 | €5,789 | +€560 | +10.7% |
| Amounts receivable within one year | 40/41 | €795,151 | €861,100 | +€65,949 | +8.3% |
| Trade receivables | 40 | €731,668 | €785,315 | +€53,647 | +7.3% |
| Other amounts receivable | 41 | €63,483 | €75,785 | +€12,302 | +19.4% |
| Cash at bank and in hand | 54/58 | €404,625 | €363,087 | -€41,538 | -10.3% |
| Deferred charges and accrued income | 490/1 | €23,874 | €40,741 | +€16,867 | +70.7% |
| Total equity and liabilities | 10/49 | €1,381,216 | €1,393,213 | +€11,997 | +0.9% |
| Equity | 10/15 | €907,353 | €839,715 | -€67,637 | -7.5% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €490,800 | €422,800 | -€68,000 | -13.9% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €488,700 | €420,700 | -€68,000 | -13.9% |
| Profit (loss) carried forward | 14 | €395,553 | €395,915 | +€363 | +0.1% |
| Amounts payable | 17/49 | €473,863 | €553,497 | +€79,634 | +16.8% |
| Amounts payable after more than one year | 17 | €67,663 | €39,640 | -€28,023 | -41.4% |
| Financial debts | 170/4 | €67,663 | €39,640 | -€28,023 | -41.4% |
| Amounts payable within one year | 42/48 | €406,200 | €489,052 | +€82,852 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €60,137 | €69,016 | +€8,879 | +14.8% |
| Trade debts | 44 | €247,076 | €240,047 | -€7,030 | -2.8% |
| Suppliers | 440/4 | €247,076 | €240,047 | -€7,030 | -2.8% |
| Taxes, remuneration and social security | 45 | €44,207 | €35,209 | -€8,998 | -20.4% |
| Taxes | 450/3 | €11,513 | €44 | -€11,469 | -99.6% |
| Remuneration and social security | 454/9 | €32,694 | €35,165 | +€2,471 | +7.6% |
| Other amounts payable | 47/48 | €54,780 | €144,780 | +€90,000 | +164.3% |
| Accrued charges and deferred income | 492/3 | - | €24,806 | +€24,806 | |
| Remuneration, social security and pensions | 62 | €433,934 | €452,259 | +€18,325 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,642 | €44,378 | -€1,264 | -2.8% |
| Other operating charges | 640/8 | €362 | €5,791 | +€5,429 | +1499.4% |
| Gross operating margin | 9900 | €600,546 | €544,921 | -€55,626 | -9.3% |
| Operating profit (loss) | 9901 | €120,608 | €42,493 | -€78,115 | -64.8% |
| Financial income | 75/76B | €2,025 | €15 | -€2,009 | -99.3% |
| Recurring financial income | 75 | €2,025 | €15 | -€2,009 | -99.3% |
| Financial charges | 65/66B | €4,473 | €4,237 | -€236 | -5.3% |
| Recurring financial charges | 65 | €4,473 | €4,237 | -€236 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €118,160 | €38,271 | -€79,889 | -67.6% |
| Income taxes | 67/77 | €40,387 | €15,908 | -€24,478 | -60.6% |
| Profit (loss) for the period | 9904 | €77,773 | €22,363 | -€55,410 | -71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,773 | €22,363 | -€55,410 | -71.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.