AFPLAKA: what changed
Two fiscal 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.
AFPLAKA
Largest movements
- Receivables after one year +€60,000
new in 2025: €60,000
- Cash -€33,107
down €33,107 (-52.3%), from €63,320 to €30,213
mainly Receivables after one year (-€60,000) and Investment in fixed assets (net) (-€35,475)
- Receivables within one year -€30,776
down €30,776 (-34.9%), from €88,117 to €57,341
of which Other amounts receivable: -€52,149
- Tangible fixed assets +€20,449
up €20,449 (+49.8%), from €41,073 to €61,522
of which Furniture and vehicles: +€18,755
- Intangible fixed assets -€12,448
down €12,448 (-12.9%), from €96,470 to €84,022
- Reserves +€30,668
up €30,668 (+10.6%), from €288,118 to €318,786
of which Distributable reserves: +€30,668
- Trade debts -€21,102
down €21,102 (-64.6%), from €32,678 to €11,576
- Debts after one year -€4,377
down €4,377 (-32.7%), from €13,393 to €9,016
- Gross operating margin -€3,484
down €3,484 (-4.0%), from €86,727 to €83,243
- Depreciation +€2,755
up €2,755 (+11.1%), from €24,720 to €27,474
- Write-downs +€2,470
new in 2025: €2,470
- Taxes -€2,183
down €2,183 (-12.6%), from €17,383 to €15,200
- Financial charges -€1,770
down €1,770 (-32.8%), from €5,403 to €3,633
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 | €422,919 | €433,443 | +€10,524 | +2.5% |
| Fixed assets | 21/28 | €137,543 | €145,544 | +€8,001 | +5.8% |
| Intangible fixed assets | 21 | €96,470 | €84,022 | -€12,448 | -12.9% |
| Tangible fixed assets | 22/27 | €41,073 | €61,522 | +€20,449 | +49.8% |
| Plant, machinery and equipment | 23 | €74 | €1,768 | +€1,694 | +2288.8% |
| Furniture and vehicles | 24 | €40,999 | €59,754 | +€18,755 | +45.7% |
| Current assets | 29/58 | €285,376 | €287,899 | +€2,523 | +0.9% |
| Amounts receivable after more than one year | 29 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Stocks and contracts in progress | 3 | €131,432 | €137,448 | +€6,016 | +4.6% |
| Stocks | 30/36 | €131,432 | €137,448 | +€6,016 | +4.6% |
| Amounts receivable within one year | 40/41 | €88,117 | €57,341 | -€30,776 | -34.9% |
| Trade receivables | 40 | €35,968 | €57,341 | +€21,374 | +59.4% |
| Other amounts receivable | 41 | €52,149 | €0 | -€52,149 | -100.0% |
| Cash at bank and in hand | 54/58 | €63,320 | €30,213 | -€33,107 | -52.3% |
| Deferred charges and accrued income | 490/1 | €2,507 | €2,897 | +€390 | +15.6% |
| Total equity and liabilities | 10/49 | €422,919 | €433,443 | +€10,524 | +2.5% |
| Equity | 10/15 | €350,118 | €380,786 | +€30,668 | +8.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €288,118 | €318,786 | +€30,668 | +10.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €288,118 | €318,786 | +€30,668 | +10.6% |
| Amounts payable | 17/49 | €72,801 | €52,658 | -€20,144 | -27.7% |
| Amounts payable after more than one year | 17 | €13,393 | €9,016 | -€4,377 | -32.7% |
| Financial debts | 170/4 | €13,393 | €9,016 | -€4,377 | -32.7% |
| Amounts payable within one year | 42/48 | €59,145 | €42,964 | -€16,182 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €16,301 | €16,321 | +€19 | +0.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €32,678 | €11,576 | -€21,102 | -64.6% |
| Suppliers | 440/4 | €32,678 | €11,576 | -€21,102 | -64.6% |
| Advances received on contracts in progress | 46 | - | €580 | +€580 | |
| Taxes, remuneration and social security | 45 | €10,166 | €11,237 | +€1,071 | +10.5% |
| Taxes | 450/3 | €10,166 | €11,237 | +€1,071 | +10.5% |
| Other amounts payable | 47/48 | - | €3,249 | +€3,249 | |
| Accrued charges and deferred income | 492/3 | €263 | €678 | +€415 | +157.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,720 | €27,474 | +€2,755 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,470 | +€2,470 | |
| Other operating charges | 640/8 | €5,122 | €4,998 | -€124 | -2.4% |
| Gross operating margin | 9900 | €86,727 | €83,243 | -€3,484 | -4.0% |
| Operating profit (loss) | 9901 | €56,885 | €48,300 | -€8,585 | -15.1% |
| Financial income | 75/76B | €2,740 | €1,200 | -€1,540 | -56.2% |
| Recurring financial income | 75 | €2,740 | €1,200 | -€1,540 | -56.2% |
| Financial charges | 65/66B | €5,403 | €3,633 | -€1,770 | -32.8% |
| Recurring financial charges | 65 | €5,403 | €3,633 | -€1,770 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €54,222 | €45,868 | -€8,355 | -15.4% |
| Income taxes | 67/77 | €17,383 | €15,200 | -€2,183 | -12.6% |
| Profit (loss) for the period | 9904 | €36,839 | €30,668 | -€6,172 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,839 | €30,668 | -€6,172 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.