AFR-Services: 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.
AFR-Services
Largest movements
- Receivables within one year -€30,291
down €30,291 (-25.2%), from €120,408 to €90,118
of which Trade receivables: -€29,817
- Cash -€21,318
down €21,318 (-44.1%), from €48,356 to €27,038
mainly Trade debts (-€53,176) and Tax, wage and social debts (-€1,548)
- Trade debts -€53,176
no longer reported in 2025 (was €53,176)
- Profit (loss) carried forward +€4,255
up €4,255 (+4.6%), from €91,684 to €95,940
- Write-downs -€24,663
no longer reported in 2025 (was €24,663)
- Gross operating margin -€20,480
down €20,480 (-51.7%), from €39,628 to €19,149
- Other operating charges +€4,470
up €4,470 (+1033.9%), from €432 to €4,902
- Financial charges +€2,781
up €2,781 (+58.8%), from €4,728 to €7,508
- Taxes +€699
up €699 (+30.7%), from €2,275 to €2,974
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 | €168,764 | €117,155 | -€51,609 | -30.6% |
| Current assets | 29/58 | €168,764 | €117,155 | -€51,609 | -30.6% |
| Amounts receivable within one year | 40/41 | €120,408 | €90,118 | -€30,291 | -25.2% |
| Trade receivables | 40 | €108,866 | €79,049 | -€29,817 | -27.4% |
| Other amounts receivable | 41 | €11,542 | €11,069 | -€474 | -4.1% |
| Cash at bank and in hand | 54/58 | €48,356 | €27,038 | -€21,318 | -44.1% |
| Total equity and liabilities | 10/49 | €168,764 | €117,155 | -€51,609 | -30.6% |
| Equity | 10/15 | €112,132 | €116,388 | +€4,255 | +3.8% |
| Contributions | 10/11 | €20,448 | €20,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,684 | €95,940 | +€4,255 | +4.6% |
| Amounts payable | 17/49 | €56,632 | €768 | -€55,864 | -98.6% |
| Amounts payable within one year | 42/48 | €56,632 | €768 | -€55,864 | -98.6% |
| Current portion of amounts payable after more than one year | 42 | €579 | - | -€579 | |
| Financial debts | 43 | €561 | - | -€561 | |
| Credit institutions | 430/8 | €561 | - | -€561 | |
| Trade debts | 44 | €53,176 | - | -€53,176 | |
| Suppliers | 440/4 | €53,176 | - | -€53,176 | |
| Taxes, remuneration and social security | 45 | €2,316 | €768 | -€1,548 | -66.8% |
| Taxes | 450/3 | €2,284 | €768 | -€1,516 | -66.4% |
| Remuneration and social security | 454/9 | €32 | - | -€32 | |
| Non-recurring operating income | 76A | €4,309 | €31 | -€4,278 | -99.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,663 | - | -€24,663 | |
| Other operating charges | 640/8 | €432 | €4,902 | +€4,470 | +1033.9% |
| Gross operating margin | 9900 | €39,628 | €19,149 | -€20,480 | -51.7% |
| Operating profit (loss) | 9901 | €14,534 | €14,246 | -€287 | -2.0% |
| Financial income | 75/76B | €231 | €491 | +€261 | +112.9% |
| Recurring financial income | 75 | €231 | €491 | +€261 | +112.9% |
| Financial charges | 65/66B | €4,728 | €7,508 | +€2,781 | +58.8% |
| Recurring financial charges | 65 | €4,728 | €7,508 | +€2,781 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €10,037 | €7,229 | -€2,807 | -28.0% |
| Income taxes | 67/77 | €2,275 | €2,974 | +€699 | +30.7% |
| Profit (loss) for the period | 9904 | €7,761 | €4,255 | -€3,506 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,761 | €4,255 | -€3,506 | -45.2% |
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.