AFP CONSTRUCT: 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 CONSTRUCT
Largest movements
- Cash +€15,988
new in 2025: €15,988
mainly Trade debts (+€17,107) and Net result for the year (+€14,527)
- Current investments -€14,003
no longer reported in 2025 (was €14,003)
- Stocks and contracts +€4,525
new in 2025: €4,525
- Tangible fixed assets -€1,784
down €1,784 (-34.5%), from €5,164 to €3,380
of which Furniture and vehicles: -€2,435
- Deferred charges and accrued income -€1,600
no longer reported in 2025 (was €1,600)
- Trade debts +€17,107
up €17,107 (+47.3%), from €36,188 to €53,295
- Other debts -€16,138
down €16,138 (-86.9%), from €18,572 to €2,434
- Profit (loss) carried forward +€14,527
no longer reported in 2025 (was -€14,527)
- Tax, wage and social debts -€7,965
down €7,965 (-86.1%), from €9,254 to €1,289
of which Remuneration and social security: -€6,713
- Debts after one year -€2,181
no longer reported in 2025 (was €2,181)
- Staff costs -€17,406
down €17,406 (-34.2%), from €50,861 to €33,454
- Other operating charges +€4,787
up €4,787 (+1782.3%), from €269 to €5,055
- Gross operating margin +€2,062
up €2,062 (+3.6%), from €57,639 to €59,701
- Taxes +€1,792
up €1,792 (+4480725.0%), from €0 to €1,792
- Financial charges -€1,202
down €1,202 (-49.0%), from €2,454 to €1,252
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 | €57,088 | €61,257 | +€4,169 | +7.3% |
| Fixed assets | 21/28 | €6,164 | €4,380 | -€1,784 | -28.9% |
| Tangible fixed assets | 22/27 | €5,164 | €3,380 | -€1,784 | -34.5% |
| Plant, machinery and equipment | 23 | €1,191 | €1,842 | +€651 | +54.7% |
| Furniture and vehicles | 24 | €3,973 | €1,538 | -€2,435 | -61.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €50,924 | €56,877 | +€5,953 | +11.7% |
| Stocks and contracts in progress | 3 | - | €4,525 | +€4,525 | |
| Stocks | 30/36 | - | €4,525 | +€4,525 | |
| Amounts receivable within one year | 40/41 | €35,321 | €36,364 | +€1,043 | +3.0% |
| Trade receivables | 40 | €26,106 | €25,026 | -€1,080 | -4.1% |
| Other amounts receivable | 41 | €9,215 | €11,339 | +€2,124 | +23.0% |
| Current investments | 50/53 | €14,003 | - | -€14,003 | |
| Cash at bank and in hand | 54/58 | - | €15,988 | +€15,988 | |
| Deferred charges and accrued income | 490/1 | €1,600 | - | -€1,600 | |
| Total equity and liabilities | 10/49 | €57,088 | €61,257 | +€4,169 | +7.3% |
| Equity | 10/15 | -€13,127 | €1,400 | +€14,527 | |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,527 | - | +€14,527 | |
| Amounts payable | 17/49 | €70,215 | €59,857 | -€10,358 | -14.8% |
| Amounts payable after more than one year | 17 | €2,181 | - | -€2,181 | |
| Financial debts | 170/4 | €2,181 | - | -€2,181 | |
| Amounts payable within one year | 42/48 | €67,314 | €59,199 | -€8,115 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €3,300 | €2,181 | -€1,119 | -33.9% |
| Trade debts | 44 | €36,188 | €53,295 | +€17,107 | +47.3% |
| Suppliers | 440/4 | €36,188 | €53,295 | +€17,107 | +47.3% |
| Taxes, remuneration and social security | 45 | €9,254 | €1,289 | -€7,965 | -86.1% |
| Taxes | 450/3 | €1,252 | - | -€1,252 | |
| Remuneration and social security | 454/9 | €8,002 | €1,289 | -€6,713 | -83.9% |
| Other amounts payable | 47/48 | €18,572 | €2,434 | -€16,138 | -86.9% |
| Accrued charges and deferred income | 492/3 | €720 | €658 | -€62 | -8.6% |
| Remuneration, social security and pensions | 62 | €50,861 | €33,454 | -€17,406 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,984 | €3,620 | -€363 | -9.1% |
| Other operating charges | 640/8 | €269 | €5,055 | +€4,787 | +1782.3% |
| Gross operating margin | 9900 | €57,639 | €59,701 | +€2,062 | +3.6% |
| Operating profit (loss) | 9901 | €2,526 | €17,571 | +€15,044 | +595.5% |
| Financial income | 75/76B | €19 | €0 | -€19 | -98.1% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -98.1% |
| Financial charges | 65/66B | €2,454 | €1,252 | -€1,202 | -49.0% |
| Recurring financial charges | 65 | €2,454 | €1,252 | -€1,202 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €91 | €16,319 | +€16,228 | +17793.9% |
| Income taxes | 67/77 | €0 | €1,792 | +€1,792 | +4480725.0% |
| Profit (loss) for the period | 9904 | €91 | €14,527 | +€14,436 | +15835.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91 | €14,527 | +€14,436 | +15835.6% |
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 10 October 2026 via checked.be.