AFP: 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.
AFP
Largest movements
- Cash -€110,688
down €110,688 (-36.9%), from €300,309 to €189,621
mainly Contributions, distributions and other (-€100,000) and Net result for the year (-€20,570)
- Contributions -€79,117
down €79,117 (-25.6%), from €308,600 to €229,483
- Reserves -€20,883
down €20,883 (-54.7%), from €38,150 to €17,267
of which Non-distributable reserves: -€38,150
- Profit (loss) carried forward -€20,570
down €20,570 (-47.5%), from €43,306 to €22,736
- Tax, wage and social debts +€6,285
up €6,285 (+1,873%), from €336 to €6,621
- Taxes -€21,772
down €21,772 (-98.4%), from €22,128 to €356
- Depreciation -€3,778
down €3,778 (-67.7%), from €5,583 to €1,805
- Gross operating margin -€1,074
down €1,074 (-6.9%), from -€15,618 to -€16,692
- Other operating charges -€275
down €275 (-15.7%), from €1,746 to €1,471
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 | €396,067 | €282,338 | -€113,729 | -28.7% |
| Fixed assets | 21/28 | €91,595 | €89,790 | -€1,805 | -2.0% |
| Tangible fixed assets | 22/27 | €1,805 | €0 | -€1,805 | -100% |
| Furniture and vehicles | 24 | €1,805 | €0 | -€1,805 | -100% |
| Financial fixed assets | 28 | €89,790 | €89,790 | = | 0.0% |
| Current assets | 29/58 | €304,472 | €192,548 | -€111,924 | -36.8% |
| Amounts receivable within one year | 40/41 | €3,933 | €1,982 | -€1,952 | -49.6% |
| Trade receivables | 40 | €3,839 | €795 | -€3,044 | -79.3% |
| Other amounts receivable | 41 | €95 | €1,187 | +€1,092 | +1,153% |
| Cash at bank and in hand | 54/58 | €300,309 | €189,621 | -€110,688 | -36.9% |
| Deferred charges and accrued income | 490/1 | €229 | €945 | +€716 | +312% |
| Total equity and liabilities | 10/49 | €396,067 | €282,338 | -€113,729 | -28.7% |
| Equity | 10/15 | €390,056 | €269,486 | -€120,570 | -30.9% |
| Contributions | 10/11 | €308,600 | €229,483 | -€79,117 | -25.6% |
| Reserves | 13 | €38,150 | €17,267 | -€20,883 | -54.7% |
| Non-distributable reserves | 130/1 | €38,150 | €0 | -€38,150 | -100% |
| Reserves not available under the articles | 1311 | €38,150 | €0 | -€38,150 | -100% |
| Distributable reserves | 133 | - | €17,267 | +€17,267 | |
| Profit (loss) carried forward | 14 | €43,306 | €22,736 | -€20,570 | -47.5% |
| Amounts payable | 17/49 | €6,011 | €12,852 | +€6,841 | +114% |
| Amounts payable within one year | 42/48 | €6,011 | €12,852 | +€6,841 | +114% |
| Trade debts | 44 | €3,325 | €712 | -€2,613 | -78.6% |
| Suppliers | 440/4 | €3,325 | €712 | -€2,613 | -78.6% |
| Taxes, remuneration and social security | 45 | €336 | €6,621 | +€6,285 | +1,873% |
| Taxes | 450/3 | €336 | €6,621 | +€6,285 | +1,873% |
| Other amounts payable | 47/48 | €2,350 | €5,519 | +€3,170 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,583 | €1,805 | -€3,778 | -67.7% |
| Other operating charges | 640/8 | €1,746 | €1,471 | -€275 | -15.7% |
| Gross operating margin | 9900 | -€15,618 | -€16,692 | -€1,074 | -6.9% |
| Operating profit (loss) | 9901 | -€22,947 | -€19,968 | +€2,979 | +13.0% |
| Financial charges | 65/66B | €185 | €247 | +€62 | +33.4% |
| Recurring financial charges | 65 | €185 | €247 | +€62 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,132 | -€20,214 | +€2,917 | +12.6% |
| Income taxes | 67/77 | €22,128 | €356 | -€21,772 | -98.4% |
| Profit (loss) for the period | 9904 | -€45,259 | -€20,570 | +€24,689 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,259 | -€20,570 | +€24,689 | +54.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.