AFORTI: 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.
AFORTI
Largest movements
- Stocks and contracts -€9,826
down €9,826 (-60.1%), from €16,353 to €6,527
- Deferred charges and accrued income -€4,901
down €4,901 (-20.0%), from €24,500 to €19,599
- Receivables within one year +€1,809
up €1,809 (+38.3%), from €4,722 to €6,531
of which Trade receivables: +€2,250
- Trade debts -€5,664
down €5,664 (-85.2%), from €6,648 to €984
- Profit (loss) carried forward -€3,660
down €3,660 (-5.3%), from -€69,686 to -€73,346
- Debts after one year -€3,263
down €3,263 (-5.1%), from €64,566 to €61,303
- Depreciation -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Gross operating margin +€1,144
up €1,144 (+29.0%), from -€3,942 to -€2,798
- Other operating charges -€151
down €151 (-21.0%), from €717 to €567
- Financial charges -€45
down €45 (-13.2%), from €341 to €296
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 | €49,495 | €36,883 | -€12,612 | -25.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Current assets | 29/58 | €49,495 | €36,883 | -€12,612 | -25.5% |
| Stocks and contracts in progress | 3 | €16,353 | €6,527 | -€9,826 | -60.1% |
| Stocks | 30/36 | €16,353 | €6,527 | -€9,826 | -60.1% |
| Amounts receivable within one year | 40/41 | €4,722 | €6,531 | +€1,809 | +38.3% |
| Trade receivables | 40 | €3,255 | €5,505 | +€2,250 | +69.1% |
| Other amounts receivable | 41 | €1,467 | €1,026 | -€441 | -30.1% |
| Cash at bank and in hand | 54/58 | €3,920 | €4,226 | +€306 | +7.8% |
| Deferred charges and accrued income | 490/1 | €24,500 | €19,599 | -€4,901 | -20.0% |
| Total equity and liabilities | 10/49 | €49,495 | €36,883 | -€12,612 | -25.5% |
| Equity | 10/15 | -€51,386 | -€55,046 | -€3,660 | -7.1% |
| Contributions | 10/11 | €18,300 | €18,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,686 | -€73,346 | -€3,660 | -5.3% |
| Amounts payable | 17/49 | €100,881 | €91,929 | -€8,952 | -8.9% |
| Amounts payable after more than one year | 17 | €64,566 | €61,303 | -€3,263 | -5.1% |
| Financial debts | 170/4 | €64,566 | €61,303 | -€3,263 | -5.1% |
| Amounts payable within one year | 42/48 | €36,316 | €30,626 | -€5,689 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €2,525 | €2,525 | = | 0.0% |
| Trade debts | 44 | €6,648 | €984 | -€5,664 | -85.2% |
| Suppliers | 440/4 | €6,648 | €984 | -€5,664 | -85.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €27,142 | €27,117 | -€25 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €0 | -€3,000 | -100.0% |
| Other operating charges | 640/8 | €717 | €567 | -€151 | -21.0% |
| Gross operating margin | 9900 | -€3,942 | -€2,798 | +€1,144 | +29.0% |
| Operating profit (loss) | 9901 | -€7,659 | -€3,365 | +€4,294 | +56.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €341 | €296 | -€45 | -13.2% |
| Recurring financial charges | 65 | €341 | €296 | -€45 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,000 | -€3,660 | +€4,340 | +54.3% |
| Profit (loss) for the period | 9904 | -€8,000 | -€3,660 | +€4,340 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,000 | -€3,660 | +€4,340 | +54.3% |
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 9 October 2026 via checked.be.