AFRO International: 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.
AFRO International
Largest movements
- Stocks and contracts -€272,198
down €272,198 (-43.9%), from €620,351 to €348,153
- Receivables within one year +€93,974
up €93,974 (+56.4%), from €166,502 to €260,476
of which Trade receivables: +€93,503
- Trade debts -€325,973
down €325,973 (-40.0%), from €814,419 to €488,447
- Tax, wage and social debts +€137,484
up €137,484 (+142%), from €96,708 to €234,192
of which Taxes: +€75,713
- Profit (loss) carried forward +€11,585
up €11,585 (+4.5%), from -€259,931 to -€248,346
- Other debts -€9,025
down €9,025 (-7.0%), from €128,141 to €119,117
- Gross operating margin -€252,285
down €252,285 (-44.8%), from €563,044 to €310,759
- Financial charges -€93,351
down €93,351 (-71.7%), from €130,128 to €36,777
- Other operating charges -€33,092
down €33,092 (-65.3%), from €50,678 to €17,586
- Staff costs -€19,898
down €19,898 (-7.2%), from €276,763 to €256,865
- Financial income +€13,605
up €13,605 (+2,467%), from €551 to €14,156
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 | €814,852 | €633,444 | -€181,408 | -22.3% |
| Fixed assets | 21/28 | €15,666 | €13,563 | -€2,103 | -13.4% |
| Tangible fixed assets | 22/27 | €15,666 | €13,563 | -€2,103 | -13.4% |
| Plant, machinery and equipment | 23 | €11,254 | €11,254 | = | 0.0% |
| Other tangible fixed assets | 26 | €4,412 | €2,309 | -€2,103 | -47.7% |
| Current assets | 29/58 | €799,186 | €619,881 | -€179,305 | -22.4% |
| Stocks and contracts in progress | 3 | €620,351 | €348,153 | -€272,198 | -43.9% |
| Stocks | 30/36 | €620,351 | €348,153 | -€272,198 | -43.9% |
| Amounts receivable within one year | 40/41 | €166,502 | €260,476 | +€93,974 | +56.4% |
| Trade receivables | 40 | €163,583 | €257,086 | +€93,503 | +57.2% |
| Other amounts receivable | 41 | €2,919 | €3,390 | +€471 | +16.1% |
| Current investments | 50/53 | - | €1,321 | +€1,321 | |
| Cash at bank and in hand | 54/58 | €12,332 | €9,931 | -€2,401 | -19.5% |
| Total equity and liabilities | 10/49 | €814,852 | €633,444 | -€181,408 | -22.3% |
| Equity | 10/15 | -€224,416 | -€212,831 | +€11,585 | +5.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €5,515 | €5,515 | = | 0.0% |
| Distributable reserves | 133 | €5,515 | €5,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,931 | -€248,346 | +€11,585 | +4.5% |
| Amounts payable | 17/49 | €1,039,268 | €846,275 | -€192,993 | -18.6% |
| Amounts payable within one year | 42/48 | €1,039,268 | €846,275 | -€192,993 | -18.6% |
| Trade debts | 44 | €814,419 | €488,447 | -€325,973 | -40.0% |
| Suppliers | 440/4 | €814,419 | €488,447 | -€325,973 | -40.0% |
| Advances received on contracts in progress | 46 | - | €4,520 | +€4,520 | |
| Taxes, remuneration and social security | 45 | €96,708 | €234,192 | +€137,484 | +142% |
| Taxes | 450/3 | €37,091 | €112,804 | +€75,713 | +204% |
| Remuneration and social security | 454/9 | €59,616 | €121,388 | +€61,771 | +104% |
| Other amounts payable | 47/48 | €128,141 | €119,117 | -€9,025 | -7.0% |
| Remuneration, social security and pensions | 62 | €276,763 | €256,865 | -€19,898 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €815 | €815 | = | 0.0% |
| Other operating charges | 640/8 | €50,678 | €17,586 | -€33,092 | -65.3% |
| Gross operating margin | 9900 | €563,044 | €310,759 | -€252,285 | -44.8% |
| Operating profit (loss) | 9901 | €234,788 | €35,494 | -€199,295 | -84.9% |
| Financial income | 75/76B | €551 | €14,156 | +€13,605 | +2,467% |
| Recurring financial income | 75 | €551 | €14,156 | +€13,605 | +2,467% |
| Financial charges | 65/66B | €130,128 | €36,777 | -€93,351 | -71.7% |
| Recurring financial charges | 65 | €130,128 | €36,777 | -€93,351 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €105,212 | €12,873 | -€92,338 | -87.8% |
| Income taxes | 67/77 | €301 | - | -€301 | |
| Profit (loss) for the period | 9904 | €104,911 | €12,873 | -€92,037 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,911 | €12,873 | -€92,037 | -87.7% |
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 31 October 2026 via checked.be.