AFRAH: 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.
AFRAH
Largest movements
- Cash +€21,391
up €21,391 (+1,488%), from €1,438 to €22,828
mainly Tax, wage and social debts (+€19,256) and Depreciation (+€5,115)
- Tangible fixed assets -€5,115
down €5,115 (-43.6%), from €11,739 to €6,624
of which Furniture and vehicles: -€2,983
- Tax, wage and social debts +€19,256
up €19,256 (+258%), from €7,466 to €26,722
of which Taxes: +€11,950
- Other debts -€6,884
down €6,884 (-55.6%), from €12,381 to €5,497
- Profit (loss) carried forward +€4,009
up €4,009 (+31.4%), from -€12,754 to -€8,744
- Gross operating margin +€9,999
up €9,999 (+33.1%), from €30,173 to €40,172
- Other operating charges +€9,074
up €9,074 (+3,084%), from €294 to €9,368
- Staff costs -€2,953
down €2,953 (-12.1%), from €24,475 to €21,522
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,477 | €31,753 | +€16,276 | +105% |
| Fixed assets | 21/28 | €11,739 | €6,624 | -€5,115 | -43.6% |
| Tangible fixed assets | 22/27 | €11,739 | €6,624 | -€5,115 | -43.6% |
| Plant, machinery and equipment | 23 | €6,270 | €4,137 | -€2,132 | -34.0% |
| Furniture and vehicles | 24 | €5,469 | €2,487 | -€2,983 | -54.5% |
| Current assets | 29/58 | €3,738 | €25,128 | +€21,391 | +572% |
| Stocks and contracts in progress | 3 | €2,300 | €2,300 | = | 0.0% |
| Stocks | 30/36 | €2,300 | €2,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,438 | €22,828 | +€21,391 | +1,488% |
| Total equity and liabilities | 10/49 | €15,477 | €31,753 | +€16,276 | +105% |
| Equity | 10/15 | -€6,554 | -€2,544 | +€4,009 | +61.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,754 | -€8,744 | +€4,009 | +31.4% |
| Amounts payable | 17/49 | €22,030 | €34,297 | +€12,266 | +55.7% |
| Amounts payable within one year | 42/48 | €22,030 | €34,297 | +€12,266 | +55.7% |
| Trade debts | 44 | €2,184 | €2,078 | -€106 | -4.8% |
| Suppliers | 440/4 | €2,184 | €2,078 | -€106 | -4.8% |
| Taxes, remuneration and social security | 45 | €7,466 | €26,722 | +€19,256 | +258% |
| Taxes | 450/3 | €3,891 | €15,841 | +€11,950 | +307% |
| Remuneration and social security | 454/9 | €3,575 | €10,881 | +€7,306 | +204% |
| Other amounts payable | 47/48 | €12,381 | €5,497 | -€6,884 | -55.6% |
| Non-recurring operating income | 76A | €17,572 | - | -€17,572 | |
| Remuneration, social security and pensions | 62 | €24,475 | €21,522 | -€2,953 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,245 | €5,115 | -€129 | -2.5% |
| Other operating charges | 640/8 | €294 | €9,368 | +€9,074 | +3,084% |
| Gross operating margin | 9900 | €30,173 | €40,172 | +€9,999 | +33.1% |
| Operating profit (loss) | 9901 | €160 | €4,167 | +€4,008 | +2,512% |
| Financial charges | 65/66B | €160 | €158 | -€2 | -1.1% |
| Recurring financial charges | 65 | €160 | €158 | -€2 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | - | €4,009 | +€4,009 | |
| Profit (loss) for the period | 9904 | - | €4,009 | +€4,009 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €4,009 | +€4,009 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.