Afrit 10: 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.
Afrit 10
Largest movements
- Tangible fixed assets +€245,112
up €245,112 (+38.5%), from €636,305 to €881,417
of which Assets under construction and advance payments: +€163,713
- Cash +€35,400
up €35,400 (+2,117%), from €1,672 to €37,072
mainly Other debts (+€293,771) and Depreciation (+€33,061)
- Other debts +€293,771
up €293,771 (+212%), from €138,680 to €432,451
- Current portion of long-term debt -€13,167
down €13,167 (-42.2%), from €31,167 to €18,000
- Debts after one year +€10,818
up €10,818 (+6.0%), from €180,500 to €191,318
- Depreciation +€15,280
up €15,280 (+85.9%), from €17,781 to €33,061
- Gross operating margin -€5,676
down €5,676 (-12.7%), from €44,541 to €38,865
- Taxes -€5,519
down €5,519 (-80.1%), from €6,893 to €1,374
- Financial charges -€2,041
down €2,041 (-36.5%), from €5,587 to €3,546
- Other operating charges +€746
up €746 (+19.4%), from €3,848 to €4,593
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 | €638,437 | €920,736 | +€282,299 | +44.2% |
| Fixed assets | 21/28 | €636,305 | €881,417 | +€245,112 | +38.5% |
| Tangible fixed assets | 22/27 | €636,305 | €881,417 | +€245,112 | +38.5% |
| Land and buildings | 22 | €636,305 | €717,703 | +€81,399 | +12.8% |
| Assets under construction and advance payments | 27 | - | €163,713 | +€163,713 | |
| Current assets | 29/58 | €2,132 | €39,319 | +€37,187 | +1,744% |
| Amounts receivable within one year | 40/41 | €416 | €2,201 | +€1,785 | +429% |
| Trade receivables | 40 | €75 | €75 | = | 0.0% |
| Other amounts receivable | 41 | €341 | €2,126 | +€1,785 | +524% |
| Cash at bank and in hand | 54/58 | €1,672 | €37,072 | +€35,400 | +2,117% |
| Deferred charges and accrued income | 490/1 | €44 | €46 | +€2 | +4.6% |
| Total equity and liabilities | 10/49 | €638,437 | €920,736 | +€282,299 | +44.2% |
| Equity | 10/15 | €278,668 | €274,960 | -€3,708 | -1.3% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €18,668 | €18,668 | = | 0.0% |
| Distributable reserves | 133 | €18,668 | €18,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,708 | -€3,708 | |
| Amounts payable | 17/49 | €359,768 | €645,776 | +€286,008 | +79.5% |
| Amounts payable after more than one year | 17 | €180,500 | €191,318 | +€10,818 | +6.0% |
| Financial debts | 170/4 | €180,500 | €191,318 | +€10,818 | +6.0% |
| Amounts payable within one year | 42/48 | €179,268 | €454,458 | +€275,190 | +154% |
| Current portion of amounts payable after more than one year | 42 | €31,167 | €18,000 | -€13,167 | -42.2% |
| Trade debts | 44 | €294 | €139 | -€155 | -52.8% |
| Suppliers | 440/4 | €294 | €139 | -€155 | -52.8% |
| Advances received on contracts in progress | 46 | €200 | €200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,927 | €3,668 | -€5,259 | -58.9% |
| Taxes | 450/3 | €8,927 | €3,668 | -€5,259 | -58.9% |
| Other amounts payable | 47/48 | €138,680 | €432,451 | +€293,771 | +212% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,781 | €33,061 | +€15,280 | +85.9% |
| Other operating charges | 640/8 | €3,848 | €4,593 | +€746 | +19.4% |
| Gross operating margin | 9900 | €44,541 | €38,865 | -€5,676 | -12.7% |
| Operating profit (loss) | 9901 | €22,913 | €1,211 | -€21,702 | -94.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €5,587 | €3,546 | -€2,041 | -36.5% |
| Recurring financial charges | 65 | €5,587 | €3,546 | -€2,041 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €17,329 | -€2,335 | -€19,663 | |
| Income taxes | 67/77 | €6,893 | €1,374 | -€5,519 | -80.1% |
| Profit (loss) for the period | 9904 | €10,436 | -€3,708 | -€14,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,436 | -€3,708 | -€14,144 |
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 14 October 2026 via checked.be.