AFRIMA: 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.
What changed
AFRIMA
NACE 95.314, Bodywork repair (including spraying and painting)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €622,549+€2.2m
Equity
€279,279
2024 · -€2.5m+€2.8m
Cash
€4.4m
2024 · €1.8m+€2.6m
Balance sheet total
€21.0m
2024 · €20.4m+€545,764
Largest movements
Assets
- Cash +€2.6m
up €2.6m (+147.0%), from €1.8m to €4.4m
mainly Net result for the year (+€2.8m) and Receivables within one year (+€1.6m)
- Receivables within one year -€1.6m
down €1.6m (-19.3%), from €8.2m to €6.6m
of which Trade receivables: -€3.1m
- Stocks and contracts -€1.1m
down €1.1m (-26.0%), from €4.4m to €3.3m
of which Contracts in progress: -€1.2m
- Tangible fixed assets +€372,948
up €372,948 (+10.0%), from €3.7m to €4.1m
of which Other tangible fixed assets: +€592,015
Equity and liabilities
- Profit (loss) carried forward +€2.8m
up €2.8m (+60.9%), from -€4.6m to -€1.8m
- Short-term financial debts -€2.4m
down €2.4m (-60.1%), from €3.9m to €1.6m
- Debts after one year -€2.2m
down €2.2m (-33.7%), from €6.5m to €4.3m
- Current portion of long-term debt +€1.5m
new in 2025: €1.5m
- Accrued charges and deferred income +€451,629
up €451,629 (+60.4%), from €747,218 to €1.2m
Income statement
- Turnover +€7.0m
up €7.0m (+16.3%), from €43.3m to €50.3m
- Services and other goods +€2.3m
up €2.3m (+17.2%), from €13.5m to €15.9m
- Goods and materials +€1.1m
up €1.1m (+7.1%), from €15.3m to €16.3m
of which Purchases: +€1.1m
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.
Result 2024
€622,549
Turnover
+€7.0m
Other operating income
+€396,907
Goods and materials
-€1.1m
Services and other goods
-€2.3m
Staff costs
-€468,914
Depreciation
-€58,308
Write-downs
+€148,029
Other operating charges
-€147,540
Other operating items
-€1.3m
Financial income
+€38,675
Financial charges
+€121,639
Taxes
-€194,074
Result 2025
€2.8m
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.
From operations
+€6.9m
Investment
-€1.2m
Financing
-€3.0m
Cash 2024
€1.8m
From operations (derived)
+€6.9m
Net result for the year
+€2.8m
Depreciation
+€709,443
Receivables after one year
-€134,603
Stocks and contracts
+€1.1m
Receivables within one year
+€1.6m
Deferred charges and accrued income
-€10,368
Trade debts
+€402,171
Tax, wage and social debts
+€945
Other debts
-€70,700
Accrued charges and deferred income
+€451,629
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€3.0m
Debts after one year
-€2.2m
Current portion of long-term debt
+€1.5m
Short-term financial debts
-€2.4m
Cash 2025
€4.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,442,277 | €20,988,041 | +€545,764 | +2.7% |
| Fixed assets | 21/28 | €3,763,076 | €4,249,260 | +€486,184 | +12.9% |
| Intangible fixed assets | 21 | €1,060 | €86,436 | +€85,376 | +8053.3% |
| Tangible fixed assets | 22/27 | €3,729,697 | €4,102,645 | +€372,948 | +10.0% |
| Land and buildings | 22 | €86,762 | €86,762 | = | 0.0% |
| Plant, machinery and equipment | 23 | €507,635 | €457,762 | -€49,872 | -9.8% |
| Furniture and vehicles | 24 | €73,033 | €41,632 | -€31,401 | -43.0% |
| Other tangible fixed assets | 26 | €2,785,858 | €3,377,873 | +€592,015 | +21.3% |
| Assets under construction and advance payments | 27 | €276,409 | €138,615 | -€137,795 | -49.9% |
| Financial fixed assets | 28 | €32,318 | €60,178 | +€27,860 | +86.2% |
| Other financial fixed assets | 284/8 | €32,318 | €60,178 | +€27,860 | +86.2% |
| Amounts receivable and cash guarantees | 285/8 | €32,318 | €60,178 | +€27,860 | +86.2% |
| Current assets | 29/58 | €16,679,201 | €16,738,782 | +€59,580 | +0.4% |
| Amounts receivable after more than one year | 29 | €2,243,388 | €2,377,992 | +€134,603 | +6.0% |
| Other amounts receivable | 291 | €2,243,388 | €2,377,992 | +€134,603 | +6.0% |
| Stocks and contracts in progress | 3 | €4,422,126 | €3,273,732 | -€1.1m | -26.0% |
| Stocks | 30/36 | €466,011 | €497,361 | +€31,350 | +6.7% |
| Raw materials and consumables | 30/31 | €466,011 | €497,361 | +€31,350 | +6.7% |
| Contracts in progress | 37 | €3,956,116 | €2,776,371 | -€1.2m | -29.8% |
| Amounts receivable within one year | 40/41 | €8,162,112 | €6,585,778 | -€1.6m | -19.3% |
| Trade receivables | 40 | €4,795,779 | €1,690,097 | -€3.1m | -64.8% |
| Other amounts receivable | 41 | €3,366,333 | €4,895,680 | +€1.5m | +45.4% |
| Cash at bank and in hand | 54/58 | €1,795,909 | €4,435,246 | +€2.6m | +147.0% |
| Deferred charges and accrued income | 490/1 | €55,666 | €66,035 | +€10,368 | +18.6% |
| Total equity and liabilities | 10/49 | €20,442,277 | €20,988,041 | +€545,764 | +2.7% |
| Equity | 10/15 | -€2,525,435 | €279,279 | +€2.8m | |
| Contributions | 10/11 | €1,884,079 | €1,884,079 | = | 0.0% |
| Reserves | 13 | €194,457 | €194,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,049 | €6,049 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,049 | €6,049 | = | 0.0% |
| Distributable reserves | 133 | €188,408 | €188,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,603,972 | -€1,799,257 | +€2.8m | +60.9% |
| Amounts payable | 17/49 | €22,967,712 | €20,708,762 | -€2.3m | -9.8% |
| Amounts payable after more than one year | 17 | €6,537,212 | €4,336,130 | -€2.2m | -33.7% |
| Other amounts payable | 178/9 | €6,537,212 | €4,336,130 | -€2.2m | -33.7% |
| Amounts payable within one year | 42/48 | €15,683,282 | €15,173,785 | -€509,497 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,530,247 | +€1.5m | |
| Financial debts | 43 | €3,948,544 | €1,576,383 | -€2.4m | -60.1% |
| Credit institutions | 430/8 | €3,948,544 | €1,576,383 | -€2.4m | -60.1% |
| Trade debts | 44 | €9,398,866 | €9,801,037 | +€402,171 | +4.3% |
| Suppliers | 440/4 | €9,398,866 | €9,801,037 | +€402,171 | +4.3% |
| Taxes, remuneration and social security | 45 | €2,265,173 | €2,266,118 | +€945 | 0.0% |
| Taxes | 450/3 | €691,421 | €654,987 | -€36,434 | -5.3% |
| Remuneration and social security | 454/9 | €1,573,752 | €1,611,131 | +€37,380 | +2.4% |
| Other amounts payable | 47/48 | €70,700 | - | -€70,700 | |
| Accrued charges and deferred income | 492/3 | €747,218 | €1,198,847 | +€451,629 | +60.4% |
| Operating income | 70/76A | €44,901,831 | €51,113,186 | +€6.2m | +13.8% |
| Turnover | 70 | €43,304,527 | €50,347,964 | +€7.0m | +16.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €49,244 | -€1,179,745 | -€1.2m | |
| Other operating income | 74 | €1,548,060 | €1,944,967 | +€396,907 | +25.6% |
| Operating charges | 60/66A | €43,757,506 | €47,752,935 | +€4.0m | +9.1% |
| Goods for resale, raw materials and consumables | 60 | €15,260,548 | €16,339,665 | +€1.1m | +7.1% |
| Purchases | 600/8 | €15,268,162 | €16,371,015 | +€1.1m | +7.2% |
| Change in stocks: decrease (increase) | 609 | -€7,614 | -€31,350 | -€23,736 | -311.7% |
| Services and other goods | 61 | €13,532,639 | €15,865,312 | +€2.3m | +17.2% |
| Remuneration, social security and pensions | 62 | €13,200,163 | €13,669,078 | +€468,914 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651,135 | €709,443 | +€58,308 | +9.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €183,463 | €35,434 | -€148,029 | -80.7% |
| Other operating charges | 640/8 | €929,558 | €1,077,098 | +€147,540 | +15.9% |
| Non-recurring operating charges | 66A | - | €56,906 | +€56,906 | |
| Operating profit (loss) | 9901 | €1,144,325 | €3,360,251 | +€2.2m | +193.6% |
| Financial income | 75/76B | €143,875 | €182,550 | +€38,675 | +26.9% |
| Recurring financial income | 75 | €143,875 | €182,550 | +€38,675 | +26.9% |
| Income from current assets | 751 | €141,772 | €180,312 | +€38,540 | +27.2% |
| Other financial income | 752/9 | €2,103 | €2,237 | +€135 | +6.4% |
| Financial charges | 65/66B | €647,751 | €526,112 | -€121,639 | -18.8% |
| Recurring financial charges | 65 | €617,651 | €526,112 | -€91,539 | -14.8% |
| Debt charges | 650 | €538,407 | €447,008 | -€91,399 | -17.0% |
| Other financial charges | 652/9 | €79,243 | €79,104 | -€140 | -0.2% |
| Non-recurring financial charges | 66B | €30,100 | - | -€30,100 | |
| Profit (loss) for the period before taxes | 9903 | €640,449 | €3,016,688 | +€2.4m | +371.0% |
| Income taxes | 67/77 | €17,900 | €211,974 | +€194,074 | +1084.2% |
| Taxes | 670/3 | €17,900 | €211,974 | +€194,074 | +1084.2% |
| Profit (loss) for the period | 9904 | €622,549 | €2,804,715 | +€2.2m | +350.5% |
| Profit (loss) for the period to be appropriated | 9905 | €622,549 | €2,804,715 | +€2.2m | +350.5% |
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 1 October 2026 via checked.be.