AFORE CONSULTING: 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.
AFORE CONSULTING
Largest movements
- Cash +€2.0m
up €2.0m (+22.0%), from €9.1m to €11.1m
mainly Net result for the year (+€5.1m) and Tax, wage and social debts (+€1.1m)
- Tangible fixed assets +€466,038
up €466,038 (+34.9%), from €1.3m to €1.8m
of which Other tangible fixed assets: +€407,202
- Current investments -€276,612
no longer reported in 2025 (was €276,612)
- Deferred charges and accrued income +€212,481
up €212,481 (+165%), from €128,612 to €341,093
- Receivables within one year -€167,367
down €167,367 (-7.4%), from €2.3m to €2.1m
of which Other amounts receivable: -€196,092
- Reserves +€5.1m
up €5.1m (+57.0%), from €8.9m to €14.0m
- Debts after one year -€3.0m
no longer reported in 2025 (was €3.0m)
- Tax, wage and social debts +€1.1m
up €1.1m (+338%), from €317,049 to €1.4m
of which Taxes: +€1.1m
- Other debts -€863,719
no longer reported in 2025 (was €863,719)
- Gross operating margin +€2.8m
up €2.8m (+49.6%), from €5.7m to €8.5m
- Taxes +€1.6m
up €1.6m (+188%), from €846,000 to €2.4m
- Write-downs +€139,574
new in 2025: €139,574
- Financial income +€95,299
up €95,299 (+396%), from €24,039 to €119,337
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.
Derived cash bridge
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 | €13,346,329 | €15,592,658 | +€2.2m | +16.8% |
| Fixed assets | 21/28 | €1,425,295 | €1,891,333 | +€466,038 | +32.7% |
| Tangible fixed assets | 22/27 | €1,335,415 | €1,801,453 | +€466,038 | +34.9% |
| Land and buildings | 22 | €875,423 | €856,473 | -€18,950 | -2.2% |
| Plant, machinery and equipment | 23 | €14,048 | €4,803 | -€9,244 | -65.8% |
| Furniture and vehicles | 24 | €78,101 | €165,130 | +€87,029 | +111% |
| Other tangible fixed assets | 26 | €367,844 | €775,046 | +€407,202 | +111% |
| Financial fixed assets | 28 | €89,880 | €89,880 | = | 0.0% |
| Current assets | 29/58 | €11,921,033 | €13,701,325 | +€1.8m | +14.9% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,273,343 | €2,105,976 | -€167,367 | -7.4% |
| Trade receivables | 40 | €1,555,491 | €1,584,216 | +€28,725 | +1.8% |
| Other amounts receivable | 41 | €717,852 | €521,760 | -€196,092 | -27.3% |
| Current investments | 50/53 | €276,612 | - | -€276,612 | |
| Cash at bank and in hand | 54/58 | €9,132,467 | €11,144,256 | +€2.0m | +22.0% |
| Deferred charges and accrued income | 490/1 | €128,612 | €341,093 | +€212,481 | +165% |
| Total equity and liabilities | 10/49 | €13,346,329 | €15,592,658 | +€2.2m | +16.8% |
| Equity | 10/15 | €8,965,530 | €14,048,901 | +€5.1m | +56.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,916,992 | €14,000,363 | +€5.1m | +57.0% |
| Distributable reserves | 133 | €8,916,992 | €14,000,363 | +€5.1m | +57.0% |
| Profit (loss) carried forward | 14 | €42,338 | €42,338 | = | 0.0% |
| Amounts payable | 17/49 | €4,380,798 | €1,543,758 | -€2.8m | -64.8% |
| Amounts payable after more than one year | 17 | €3,000,000 | - | -€3.0m | |
| Other amounts payable | 178/9 | €3,000,000 | - | -€3.0m | |
| Amounts payable within one year | 42/48 | €1,289,372 | €1,543,758 | +€254,385 | +19.7% |
| Financial debts | 43 | €20,974 | €37,061 | +€16,087 | +76.7% |
| Credit institutions | 430/8 | €20,974 | €37,061 | +€16,087 | +76.7% |
| Trade debts | 44 | €87,631 | €117,107 | +€29,476 | +33.6% |
| Suppliers | 440/4 | €87,631 | €117,107 | +€29,476 | +33.6% |
| Taxes, remuneration and social security | 45 | €317,049 | €1,389,590 | +€1.1m | +338% |
| Taxes | 450/3 | €261,970 | €1,319,537 | +€1.1m | +404% |
| Remuneration and social security | 454/9 | €55,078 | €70,053 | +€14,974 | +27.2% |
| Other amounts payable | 47/48 | €863,719 | - | -€863,719 | |
| Accrued charges and deferred income | 492/3 | €91,426 | - | -€91,426 | |
| Non-recurring operating income | 76A | €4,072 | €3,000,000 | +€3.0m | +73,567% |
| Remuneration, social security and pensions | 62 | €756,410 | €723,396 | -€33,014 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,677 | €168,382 | +€30,705 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €139,574 | +€139,574 | |
| Other operating charges | 640/8 | €4,065 | €13,596 | +€9,531 | +234% |
| Non-recurring operating charges | 66A | €152 | - | -€152 | |
| Gross operating margin | 9900 | €5,652,061 | €8,452,825 | +€2.8m | +49.6% |
| Operating profit (loss) | 9901 | €4,753,757 | €7,407,877 | +€2.7m | +55.8% |
| Financial income | 75/76B | €24,039 | €119,337 | +€95,299 | +396% |
| Recurring financial income | 75 | €24,039 | €119,337 | +€95,299 | +396% |
| Financial charges | 65/66B | €3,029 | €3,972 | +€943 | +31.1% |
| Recurring financial charges | 65 | €3,029 | €3,972 | +€943 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €4,774,767 | €7,523,243 | +€2.7m | +57.6% |
| Income taxes | 67/77 | €846,000 | €2,439,873 | +€1.6m | +188% |
| Profit (loss) for the period | 9904 | €3,928,767 | €5,083,370 | +€1.2m | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,928,767 | €5,083,370 | +€1.2m | +29.4% |
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 20 October 2026 via checked.be.