AFORA: 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.
AFORA
Largest movements
- Receivables within one year -€8,916
down €8,916 (-37.5%), from €23,778 to €14,862
- Stocks and contracts +€5,431
up €5,431 (+7.5%), from €72,705 to €78,136
- Trade debts -€7,085
down €7,085 (-14.7%), from €48,058 to €40,973
- Reserves +€3,814
up €3,814 (+15.5%), from €24,607 to €28,421
- Other debts -€2,589
down €2,589 (-96.8%), from €2,676 to €87
- Tax, wage and social debts +€1,726
up €1,726 (+5.9%), from €29,490 to €31,216
of which Remuneration and social security: +€2,696
- Gross operating margin +€3,889
up €3,889 (+7.5%), from €51,754 to €55,642
- Staff costs +€3,084
up €3,084 (+6.5%), from €47,347 to €50,431
- Financial income -€798
down €798 (-99.8%), from €800 to €2
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 | €123,431 | €119,297 | -€4,134 | -3.3% |
| Fixed assets | 21/28 | €2,630 | €2,630 | = | 0.0% |
| Financial fixed assets | 28 | €2,630 | €2,630 | = | 0.0% |
| Current assets | 29/58 | €120,801 | €116,667 | -€4,134 | -3.4% |
| Stocks and contracts in progress | 3 | €72,705 | €78,136 | +€5,431 | +7.5% |
| Stocks | 30/36 | €72,705 | €78,136 | +€5,431 | +7.5% |
| Amounts receivable within one year | 40/41 | €23,778 | €14,862 | -€8,916 | -37.5% |
| Trade receivables | 40 | €23,778 | €14,862 | -€8,916 | -37.5% |
| Cash at bank and in hand | 54/58 | €24,318 | €23,669 | -€649 | -2.7% |
| Total equity and liabilities | 10/49 | €123,431 | €119,297 | -€4,134 | -3.3% |
| Equity | 10/15 | €43,207 | €47,021 | +€3,814 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,607 | €28,421 | +€3,814 | +15.5% |
| Distributable reserves | 133 | €24,607 | €28,421 | +€3,814 | +15.5% |
| Amounts payable | 17/49 | €80,225 | €72,277 | -€7,948 | -9.9% |
| Amounts payable within one year | 42/48 | €80,225 | €72,277 | -€7,948 | -9.9% |
| Trade debts | 44 | €48,058 | €40,973 | -€7,085 | -14.7% |
| Suppliers | 440/4 | €48,058 | €40,973 | -€7,085 | -14.7% |
| Taxes, remuneration and social security | 45 | €29,490 | €31,216 | +€1,726 | +5.9% |
| Taxes | 450/3 | €16,546 | €15,577 | -€969 | -5.9% |
| Remuneration and social security | 454/9 | €12,944 | €15,640 | +€2,696 | +20.8% |
| Other amounts payable | 47/48 | €2,676 | €87 | -€2,589 | -96.8% |
| Remuneration, social security and pensions | 62 | €47,347 | €50,431 | +€3,084 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | - | -€104 | |
| Other operating charges | 640/8 | €400 | €403 | +€3 | +0.8% |
| Gross operating margin | 9900 | €51,754 | €55,642 | +€3,889 | +7.5% |
| Operating profit (loss) | 9901 | €3,903 | €4,809 | +€906 | +23.2% |
| Financial income | 75/76B | €800 | €2 | -€798 | -99.8% |
| Recurring financial income | 75 | €800 | €2 | -€798 | -99.8% |
| Financial charges | 65/66B | €524 | €856 | +€331 | +63.2% |
| Recurring financial charges | 65 | €524 | €856 | +€331 | +63.2% |
| Profit (loss) for the period before taxes | 9903 | €4,178 | €3,955 | -€224 | -5.3% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €4,039 | €3,814 | -€225 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,039 | €3,814 | -€225 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.