AFRIT 18 E40: 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.
AFRIT 18 E40
Largest movements
- Cash +€12,313
up €12,313 (+63.6%), from €19,357 to €31,670
mainly Other debts (+€19,241) and Advances received (+€8,829)
- Stocks and contracts -€5,803
down €5,803 (-15.3%), from €37,956 to €32,154
- Tangible fixed assets -€4,368
down €4,368 (-10.6%), from €41,077 to €36,710
of which Furniture and vehicles: -€2,645
- Other debts +€19,241
up €19,241 (+76.5%), from €25,160 to €44,401
- Trade debts -€11,001
down €11,001 (-18.2%), from €60,412 to €49,411
- Advances received +€8,829
new in 2025: €8,829
- Profit (loss) carried forward -€8,776
new in 2025: -€8,776
- Debts after one year -€3,309
down €3,309 (-8.5%), from €39,115 to €35,805
- Gross operating margin +€13,761
up €13,761, from -€10,892 to €2,869
- Financial charges -€3,730
down €3,730 (-34.2%), from €10,893 to €7,163
- Other operating charges +€179
up €179 (+8.0%), from €2,240 to €2,419
- Staff costs -€139
down €139 (-100.0%), from €139 to €0
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 | €229,977 | €232,741 | +€2,764 | +1.2% |
| Fixed assets | 21/28 | €41,227 | €36,860 | -€4,368 | -10.6% |
| Tangible fixed assets | 22/27 | €41,077 | €36,710 | -€4,368 | -10.6% |
| Land and buildings | 22 | €32,412 | €30,689 | -€1,723 | -5.3% |
| Furniture and vehicles | 24 | €8,666 | €6,021 | -€2,645 | -30.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €188,750 | €195,882 | +€7,132 | +3.8% |
| Amounts receivable after more than one year | 29 | €122,512 | €120,480 | -€2,032 | -1.7% |
| Other amounts receivable | 291 | €122,512 | €120,480 | -€2,032 | -1.7% |
| Stocks and contracts in progress | 3 | €37,956 | €32,154 | -€5,803 | -15.3% |
| Stocks | 30/36 | €37,956 | €32,154 | -€5,803 | -15.3% |
| Amounts receivable within one year | 40/41 | €7,292 | €9,567 | +€2,276 | +31.2% |
| Trade receivables | 40 | €367 | €2,986 | +€2,619 | +712.7% |
| Other amounts receivable | 41 | €6,924 | €6,581 | -€343 | -5.0% |
| Cash at bank and in hand | 54/58 | €19,357 | €31,670 | +€12,313 | +63.6% |
| Deferred charges and accrued income | 490/1 | €1,632 | €2,010 | +€378 | +23.1% |
| Total equity and liabilities | 10/49 | €229,977 | €232,741 | +€2,764 | +1.2% |
| Equity | 10/15 | €21,456 | €9,824 | -€11,631 | -54.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,856 | €0 | -€2,856 | -100.0% |
| Distributable reserves | 133 | €2,856 | €0 | -€2,856 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€8,776 | -€8,776 | |
| Amounts payable | 17/49 | €208,522 | €222,917 | +€14,395 | +6.9% |
| Amounts payable after more than one year | 17 | €39,115 | €35,805 | -€3,309 | -8.5% |
| Financial debts | 170/4 | €39,115 | €35,805 | -€3,309 | -8.5% |
| Amounts payable within one year | 42/48 | €169,295 | €187,112 | +€17,817 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €3,132 | €3,309 | +€177 | +5.6% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Credit institutions | 430/8 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €60,412 | €49,411 | -€11,001 | -18.2% |
| Suppliers | 440/4 | €60,412 | €49,411 | -€11,001 | -18.2% |
| Advances received on contracts in progress | 46 | - | €8,829 | +€8,829 | |
| Taxes, remuneration and social security | 45 | €590 | €1,161 | +€571 | +96.9% |
| Taxes | 450/3 | €590 | €1,161 | +€571 | +96.9% |
| Other amounts payable | 47/48 | €25,160 | €44,401 | +€19,241 | +76.5% |
| Accrued charges and deferred income | 492/3 | €112 | €0 | -€112 | -100.0% |
| Remuneration, social security and pensions | 62 | €139 | €0 | -€139 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,368 | €4,368 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,240 | €2,419 | +€179 | +8.0% |
| Gross operating margin | 9900 | -€10,892 | €2,869 | +€13,761 | |
| Operating profit (loss) | 9901 | -€17,638 | -€3,917 | +€13,721 | +77.8% |
| Financial income | 75/76B | €1 | €20 | +€19 | +1941.0% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +1941.0% |
| Financial charges | 65/66B | €10,893 | €7,163 | -€3,730 | -34.2% |
| Recurring financial charges | 65 | €10,893 | €7,163 | -€3,730 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,530 | -€11,060 | +€17,470 | +61.2% |
| Income taxes | 67/77 | €556 | €571 | +€16 | +2.8% |
| Profit (loss) for the period | 9904 | -€29,086 | -€11,631 | +€17,455 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,086 | -€11,631 | +€17,455 | +60.0% |
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 4 October 2026 via checked.be.