AFRIT 25: 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 25
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€33,034
down €33,034 (-19.5%), from -€169,051 to -€202,086
- Other debts +€30,114
up €30,114 (+11.0%), from €273,709 to €303,823
- Other operating charges +€5,124
up €5,124 (+53.4%), from €9,597 to €14,721
- Depreciation -€1,180
no longer reported in 2025 (was €1,180)
- Gross operating margin +€1,020
up €1,020 (+27.5%), from -€3,711 to -€2,692
- Financial charges -€683
down €683 (-4.2%), from €16,304 to €15,621
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 | €1,812,979 | €1,808,850 | -€4,128 | -0.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,811,500 | €1,804,274 | -€7,227 | -0.4% |
| Tangible fixed assets | 22/27 | €1,811,500 | €1,804,274 | -€7,227 | -0.4% |
| Land and buildings | 22 | €1,697,000 | €1,697,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €114,500 | €107,274 | -€7,227 | -6.3% |
| Current assets | 29/58 | €1,478 | €4,577 | +€3,099 | +210% |
| Amounts receivable within one year | 40/41 | €303 | €267 | -€37 | -12.1% |
| Other amounts receivable | 41 | €303 | €267 | -€37 | -12.1% |
| Cash at bank and in hand | 54/58 | €1,175 | €4,310 | +€3,135 | +267% |
| Total equity and liabilities | 10/49 | €1,812,979 | €1,808,850 | -€4,128 | -0.2% |
| Equity | 10/15 | €1,530,949 | €1,497,914 | -€33,034 | -2.2% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Capital | 10 | €1,700,000 | €1,700,000 | = | 0.0% |
| Issued capital | 100 | €1,700,000 | €1,700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,051 | -€202,086 | -€33,034 | -19.5% |
| Amounts payable | 17/49 | €282,030 | €310,936 | +€28,906 | +10.2% |
| Amounts payable within one year | 42/48 | €273,709 | €303,823 | +€30,114 | +11.0% |
| Other amounts payable | 47/48 | €273,709 | €303,823 | +€30,114 | +11.0% |
| Accrued charges and deferred income | 492/3 | €8,321 | €7,112 | -€1,208 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,180 | - | -€1,180 | |
| Other operating charges | 640/8 | €9,597 | €14,721 | +€5,124 | +53.4% |
| Gross operating margin | 9900 | -€3,711 | -€2,692 | +€1,020 | +27.5% |
| Operating profit (loss) | 9901 | -€14,488 | -€17,413 | -€2,924 | -20.2% |
| Financial charges | 65/66B | €16,304 | €15,621 | -€683 | -4.2% |
| Recurring financial charges | 65 | €16,304 | €15,621 | -€683 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,792 | -€33,034 | -€2,242 | -7.3% |
| Profit (loss) for the period | 9904 | -€30,792 | -€33,034 | -€2,242 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,792 | -€33,034 | -€2,242 | -7.3% |
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 15 October 2026 via checked.be.