AFONDO: 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.
AFONDO
Largest movements
- Tangible fixed assets +€31,209
up €31,209 (+9353.3%), from €334 to €31,543
of which Furniture and vehicles: +€29,485
- Cash +€20,706
up €20,706 (+34.1%), from €60,761 to €81,467
mainly Net result for the year (+€59,731) and Tax, wage and social debts (+€11,857)
- Receivables within one year +€19,017
up €19,017 (+66.3%), from €28,695 to €47,712
of which Trade receivables: +€25,198
- Reserves +€58,621
up €58,621 (+73.2%), from €80,084 to €138,705
- Tax, wage and social debts +€11,857
up €11,857 (+513.5%), from €2,309 to €14,166
- Trade debts +€2,097
up €2,097 (+111.1%), from €1,888 to €3,984
- Turnover -€98,600
no longer reported in 2025 (was €98,600)
- Purchases and services -€74,806
no longer reported in 2025 (was €74,806)
- Gross operating margin +€58,807
up €58,807 (+246.3%), from €23,878 to €82,685
- Taxes +€10,635
up €10,635 (+216.6%), from €4,911 to €15,546
- Depreciation +€6,349
up €6,349 (+2262.7%), from €281 to €6,630
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 | €89,790 | €162,283 | +€72,493 | +80.7% |
| Fixed assets | 21/28 | €334 | €31,543 | +€31,209 | +9353.3% |
| Tangible fixed assets | 22/27 | €334 | €31,543 | +€31,209 | +9353.3% |
| Plant, machinery and equipment | 23 | €334 | €2,058 | +€1,724 | +516.8% |
| Furniture and vehicles | 24 | - | €29,485 | +€29,485 | |
| Current assets | 29/58 | €89,456 | €130,740 | +€41,284 | +46.2% |
| Amounts receivable within one year | 40/41 | €28,695 | €47,712 | +€19,017 | +66.3% |
| Trade receivables | 40 | €16,970 | €42,169 | +€25,198 | +148.5% |
| Other amounts receivable | 41 | €11,724 | €5,543 | -€6,181 | -52.7% |
| Cash at bank and in hand | 54/58 | €60,761 | €81,467 | +€20,706 | +34.1% |
| Deferred charges and accrued income | 490/1 | - | €1,561 | +€1,561 | |
| Total equity and liabilities | 10/49 | €89,790 | €162,283 | +€72,493 | +80.7% |
| Equity | 10/15 | €84,584 | €143,205 | +€58,621 | +69.3% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €80,084 | €138,705 | +€58,621 | +73.2% |
| Distributable reserves | 133 | €80,084 | €138,705 | +€58,621 | +73.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,206 | €19,078 | +€13,872 | +266.5% |
| Amounts payable within one year | 42/48 | €5,206 | €19,078 | +€13,872 | +266.5% |
| Trade debts | 44 | €1,888 | €3,984 | +€2,097 | +111.1% |
| Suppliers | 440/4 | €1,888 | €3,984 | +€2,097 | +111.1% |
| Taxes, remuneration and social security | 45 | €2,309 | €14,166 | +€11,857 | +513.5% |
| Taxes | 450/3 | €2,309 | €14,166 | +€11,857 | +513.5% |
| Other amounts payable | 47/48 | €1,009 | €927 | -€82 | -8.1% |
| Turnover | 70 | €98,600 | - | -€98,600 | |
| Goods, raw materials, services and sundry goods | 60/61 | €74,806 | - | -€74,806 | |
| Remuneration, social security and pensions | 62 | - | €207 | +€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €6,630 | +€6,349 | +2262.7% |
| Other operating charges | 640/8 | €451 | €527 | +€75 | +16.7% |
| Gross operating margin | 9900 | €23,878 | €82,685 | +€58,807 | +246.3% |
| Operating profit (loss) | 9901 | €23,146 | €75,321 | +€52,175 | +225.4% |
| Financial charges | 65/66B | - | €44 | +€44 | |
| Recurring financial charges | 65 | - | €44 | +€44 | |
| Profit (loss) for the period before taxes | 9903 | €23,146 | €75,277 | +€52,131 | +225.2% |
| Income taxes | 67/77 | €4,911 | €15,546 | +€10,635 | +216.6% |
| Profit (loss) for the period | 9904 | €18,235 | €59,731 | +€41,496 | +227.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,235 | €59,731 | +€41,496 | +227.6% |
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.