AFRIAD: 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.
AFRIAD
Largest movements
- Cash +€14,424
up €14,424 (+72.1%), from €20,004 to €34,428
mainly Net result for the year (+€9,884) and Other debts (+€5,815)
- Tangible fixed assets -€4,015
down €4,015 (-40.8%), from €9,851 to €5,836
of which Furniture and vehicles: -€3,306
- Receivables within one year +€670
up €670 (+4.4%), from €15,256 to €15,926
of which Other amounts receivable: +€3,485
- Profit (loss) carried forward +€9,884
up €9,884 (+246.8%), from €4,005 to €13,889
- Other debts +€5,815
up €5,815 (+30.3%), from €19,180 to €24,995
- Trade debts -€5,766
down €5,766 (-89.7%), from €6,425 to €659
- Tax, wage and social debts +€1,146
up €1,146 (+8.5%), from €13,502 to €14,648
of which Remuneration and social security: +€2,648
- Gross operating margin +€8,433
up €8,433 (+130.5%), from €6,463 to €14,896
- Depreciation +€1,821
up €1,821 (+83.0%), from €2,194 to €4,015
- Taxes +€854
new in 2025: €854
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 | €45,111 | €56,190 | +€11,079 | +24.6% |
| Fixed assets | 21/28 | €9,851 | €5,836 | -€4,015 | -40.8% |
| Tangible fixed assets | 22/27 | €9,851 | €5,836 | -€4,015 | -40.8% |
| Plant, machinery and equipment | 23 | €1,710 | €1,001 | -€709 | -41.5% |
| Furniture and vehicles | 24 | €8,141 | €4,835 | -€3,306 | -40.6% |
| Current assets | 29/58 | €35,260 | €50,354 | +€15,094 | +42.8% |
| Amounts receivable within one year | 40/41 | €15,256 | €15,926 | +€670 | +4.4% |
| Trade receivables | 40 | €15,256 | €12,441 | -€2,815 | -18.5% |
| Other amounts receivable | 41 | - | €3,485 | +€3,485 | |
| Cash at bank and in hand | 54/58 | €20,004 | €34,428 | +€14,424 | +72.1% |
| Total equity and liabilities | 10/49 | €45,111 | €56,190 | +€11,079 | +24.6% |
| Equity | 10/15 | €6,005 | €15,889 | +€9,884 | +164.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,005 | €13,889 | +€9,884 | +246.8% |
| Amounts payable | 17/49 | €39,106 | €40,302 | +€1,195 | +3.1% |
| Amounts payable within one year | 42/48 | €39,106 | €40,302 | +€1,195 | +3.1% |
| Trade debts | 44 | €6,425 | €659 | -€5,766 | -89.7% |
| Suppliers | 440/4 | €6,425 | €659 | -€5,766 | -89.7% |
| Taxes, remuneration and social security | 45 | €13,502 | €14,648 | +€1,146 | +8.5% |
| Taxes | 450/3 | €1,502 | - | -€1,502 | |
| Remuneration and social security | 454/9 | €12,000 | €14,648 | +€2,648 | +22.1% |
| Other amounts payable | 47/48 | €19,180 | €24,995 | +€5,815 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,194 | €4,015 | +€1,821 | +83.0% |
| Other operating charges | 640/8 | €194 | €63 | -€131 | -67.4% |
| Gross operating margin | 9900 | €6,463 | €14,896 | +€8,433 | +130.5% |
| Operating profit (loss) | 9901 | €4,075 | €10,818 | +€6,743 | +165.5% |
| Financial charges | 65/66B | €70 | €80 | +€10 | +13.7% |
| Recurring financial charges | 65 | €70 | €80 | +€10 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €4,005 | €10,738 | +€6,733 | +168.1% |
| Income taxes | 67/77 | - | €854 | +€854 | |
| Profit (loss) for the period | 9904 | €4,005 | €9,884 | +€5,879 | +146.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,005 | €9,884 | +€5,879 | +146.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.