AFRIDI EXPRESS: 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.
AFRIDI EXPRESS
Largest movements
- Receivables within one year +€22,693
up €22,693 (+42.4%), from €53,459 to €76,152
of which Other amounts receivable: +€29,077
- Tangible fixed assets -€6,126
down €6,126 (-34.2%), from €17,913 to €11,787
of which Other tangible fixed assets: -€4,202
- Deferred charges and accrued income -€5,260
no longer reported in 2025 (was €5,260)
- Cash +€4,809
up €4,809 (+4.1%), from €117,093 to €121,902
mainly Trade debts (+€65,836) and Depreciation (+€6,126)
- Trade debts +€65,836
up €65,836 (+15.0%), from €440,183 to €506,020
- Profit (loss) carried forward -€54,462
down €54,462 (-26.5%), from -€205,437 to -€259,898
- Tax, wage and social debts +€5,181
up €5,181 (+30.3%), from €17,074 to €22,255
of which Remuneration and social security: +€5,124
- Turnover -€1.4m
no longer reported in 2025 (was €1.4m)
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Gross operating margin -€18,469
down €18,469 (-11.6%), from €159,311 to €140,842
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 | €282,260 | €298,376 | +€16,116 | +5.7% |
| Fixed assets | 21/28 | €17,913 | €11,787 | -€6,126 | -34.2% |
| Tangible fixed assets | 22/27 | €17,913 | €11,787 | -€6,126 | -34.2% |
| Plant, machinery and equipment | 23 | €1,105 | €726 | -€378 | -34.3% |
| Furniture and vehicles | 24 | €4,542 | €2,996 | -€1,546 | -34.0% |
| Other tangible fixed assets | 26 | €12,266 | €8,065 | -€4,202 | -34.3% |
| Current assets | 29/58 | €264,347 | €286,589 | +€22,242 | +8.4% |
| Amounts receivable after more than one year | 29 | €12,500 | €12,500 | = | 0.0% |
| Trade receivables | 290 | €12,500 | €12,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €76,035 | €76,035 | = | 0.0% |
| Stocks | 30/36 | €76,035 | €76,035 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,459 | €76,152 | +€22,693 | +42.4% |
| Trade receivables | 40 | €12,650 | €6,266 | -€6,384 | -50.5% |
| Other amounts receivable | 41 | €40,809 | €69,886 | +€29,077 | +71.3% |
| Cash at bank and in hand | 54/58 | €117,093 | €121,902 | +€4,809 | +4.1% |
| Deferred charges and accrued income | 490/1 | €5,260 | - | -€5,260 | |
| Total equity and liabilities | 10/49 | €282,260 | €298,376 | +€16,116 | +5.7% |
| Equity | 10/15 | -€175,437 | -€229,898 | -€54,462 | -31.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,437 | -€259,898 | -€54,462 | -26.5% |
| Amounts payable | 17/49 | €457,696 | €528,274 | +€70,578 | +15.4% |
| Amounts payable within one year | 42/48 | €457,696 | €528,274 | +€70,578 | +15.4% |
| Trade debts | 44 | €440,183 | €506,020 | +€65,836 | +15.0% |
| Suppliers | 440/4 | €440,183 | €506,020 | +€65,836 | +15.0% |
| Taxes, remuneration and social security | 45 | €17,074 | €22,255 | +€5,181 | +30.3% |
| Taxes | 450/3 | €0 | €57 | +€57 | +283,000% |
| Remuneration and social security | 454/9 | €17,074 | €22,198 | +€5,124 | +30.0% |
| Other amounts payable | 47/48 | €439 | - | -€439 | |
| Turnover | 70 | €1,375,638 | - | -€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,220,062 | - | -€1.2m | |
| Remuneration, social security and pensions | 62 | €163,449 | €157,622 | -€5,828 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,405 | €6,126 | -€279 | -4.4% |
| Other operating charges | 640/8 | €873 | €9,812 | +€8,939 | +1,023% |
| Gross operating margin | 9900 | €159,311 | €140,842 | -€18,469 | -11.6% |
| Operating profit (loss) | 9901 | -€11,417 | -€32,718 | -€21,301 | -187% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €18,857 | €21,744 | +€2,887 | +15.3% |
| Recurring financial charges | 65 | €18,857 | €21,744 | +€2,887 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€30,274 | -€54,462 | -€24,187 | -79.9% |
| Profit (loss) for the period | 9904 | -€30,274 | -€54,462 | -€24,187 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,274 | -€54,462 | -€24,187 | -79.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.