AFP Usinage: 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 Usinage
Largest movements
- Tangible fixed assets +€170,131
up €170,131 (+40.5%), from €419,940 to €590,071
of which Plant, machinery and equipment: +€185,014
- Receivables within one year +€23,358
up €23,358 (+2,153%), from €1,085 to €24,443
of which Trade receivables: +€24,371
- Intangible fixed assets +€12,636
up €12,636 (+1,051%), from €1,202 to €13,838
- Trade debts +€160,526
up €160,526 (+536%), from €29,931 to €190,458
- Profit (loss) carried forward +€26,061
up €26,061 (+141%), from €18,432 to €44,493
- Debts after one year -€21,743
down €21,743 (-6.5%), from €333,064 to €311,321
- Other debts +€21,487
up €21,487 (+49,396%), from €44 to €21,531
- Tax, wage and social debts +€8,391
up €8,391 (+301%), from €2,784 to €11,176
- Gross operating margin +€36,066
up €36,066 (+50.1%), from €71,942 to €108,008
- Financial charges +€17,335
up €17,335 (+128%), from €13,493 to €30,828
- Depreciation -€13,572
down €13,572 (-24.4%), from €55,576 to €42,004
- Taxes +€8,745
new in 2025: €8,745
- Other operating charges -€2,640
down €2,640 (-94.3%), from €2,800 to €159
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 | €446,109 | €649,730 | +€203,620 | +45.6% |
| Fixed assets | 21/28 | €421,142 | €603,909 | +€182,767 | +43.4% |
| Intangible fixed assets | 21 | €1,202 | €13,838 | +€12,636 | +1,051% |
| Tangible fixed assets | 22/27 | €419,940 | €590,071 | +€170,131 | +40.5% |
| Land and buildings | 22 | €307,625 | €292,743 | -€14,883 | -4.8% |
| Plant, machinery and equipment | 23 | €112,314 | €297,328 | +€185,014 | +165% |
| Current assets | 29/58 | €24,967 | €45,820 | +€20,853 | +83.5% |
| Stocks and contracts in progress | 3 | €6,500 | €11,800 | +€5,300 | +81.5% |
| Stocks | 30/36 | €6,500 | €11,800 | +€5,300 | +81.5% |
| Amounts receivable within one year | 40/41 | €1,085 | €24,443 | +€23,358 | +2,153% |
| Trade receivables | 40 | - | €24,371 | +€24,371 | |
| Other amounts receivable | 41 | €1,085 | €71 | -€1,014 | -93.4% |
| Cash at bank and in hand | 54/58 | €5,749 | €58 | -€5,691 | -99.0% |
| Deferred charges and accrued income | 490/1 | €11,633 | €9,519 | -€2,114 | -18.2% |
| Total equity and liabilities | 10/49 | €446,109 | €649,730 | +€203,620 | +45.6% |
| Equity | 10/15 | €21,732 | €47,793 | +€26,061 | +120% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,432 | €44,493 | +€26,061 | +141% |
| Amounts payable | 17/49 | €424,377 | €601,936 | +€177,559 | +41.8% |
| Amounts payable after more than one year | 17 | €333,064 | €311,321 | -€21,743 | -6.5% |
| Financial debts | 170/4 | €333,064 | €311,321 | -€21,743 | -6.5% |
| Amounts payable within one year | 42/48 | €89,607 | €289,661 | +€200,054 | +223% |
| Current portion of amounts payable after more than one year | 42 | €56,848 | €59,778 | +€2,930 | +5.2% |
| Financial debts | 43 | - | €6,719 | +€6,719 | |
| Credit institutions | 430/8 | - | €6,719 | +€6,719 | |
| Trade debts | 44 | €29,931 | €190,458 | +€160,526 | +536% |
| Suppliers | 440/4 | €29,931 | €190,458 | +€160,526 | +536% |
| Taxes, remuneration and social security | 45 | €2,784 | €11,176 | +€8,391 | +301% |
| Taxes | 450/3 | €2,784 | €11,176 | +€8,391 | +301% |
| Other amounts payable | 47/48 | €44 | €21,531 | +€21,487 | +49,396% |
| Accrued charges and deferred income | 492/3 | €1,706 | €955 | -€752 | -44.0% |
| Remuneration, social security and pensions | 62 | €902 | €243 | -€658 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,576 | €42,004 | -€13,572 | -24.4% |
| Other operating charges | 640/8 | €2,800 | €159 | -€2,640 | -94.3% |
| Gross operating margin | 9900 | €71,942 | €108,008 | +€36,066 | +50.1% |
| Operating profit (loss) | 9901 | €12,665 | €65,601 | +€52,936 | +418% |
| Financial income | 75/76B | €345 | €33 | -€312 | -90.5% |
| Recurring financial income | 75 | €345 | €33 | -€312 | -90.5% |
| Financial charges | 65/66B | €13,493 | €30,828 | +€17,335 | +128% |
| Recurring financial charges | 65 | €13,493 | €30,828 | +€17,335 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€484 | €34,806 | +€35,290 | |
| Income taxes | 67/77 | - | €8,745 | +€8,745 | |
| Profit (loss) for the period | 9904 | -€484 | €26,061 | +€26,545 | |
| Profit (loss) for the period to be appropriated | 9905 | -€484 | €26,061 | +€26,545 |
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 29 October 2026 via checked.be.