AFRO MULTI SERVICES: 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 MULTI SERVICES
Largest movements
- Receivables within one year -€231,782
down €231,782 (-37.6%), from €616,706 to €384,924
of which Other amounts receivable: -€240,807
- Tangible fixed assets -€9,308
down €9,308 (-34.8%), from €26,728 to €17,420
- Debts after one year -€255,400
down €255,400 (-92.5%), from €276,122 to €20,722
- Profit (loss) carried forward +€37,677
up €37,677 (+11.5%), from €328,331 to €366,008
- Tax, wage and social debts -€16,756
no longer reported in 2022 (was €16,756)
- Current portion of long-term debt -€7,578
down €7,578 (-61.5%), from €12,331 to €4,752
- Other operating charges -€106,970
down €106,970 (-99.0%), from €108,088 to €1,117
- Gross operating margin -€95,294
down €95,294 (-57.7%), from €165,240 to €69,946
- Staff costs -€16,501
down €16,501 (-66.7%), from €24,756 to €8,255
- Financial charges +€11,822
up €11,822 (+668.7%), from €1,768 to €13,590
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €648,620 | €410,121 | -€238,499 | -36.8% |
| Fixed assets | 21/28 | €29,728 | €20,420 | -€9,308 | -31.3% |
| Tangible fixed assets | 22/27 | €26,728 | €17,420 | -€9,308 | -34.8% |
| Furniture and vehicles | 24 | €26,728 | €17,420 | -€9,308 | -34.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €618,893 | €389,701 | -€229,192 | -37.0% |
| Amounts receivable within one year | 40/41 | €616,706 | €384,924 | -€231,782 | -37.6% |
| Trade receivables | 40 | €363,627 | €372,652 | +€9,025 | +2.5% |
| Other amounts receivable | 41 | €253,079 | €12,272 | -€240,807 | -95.2% |
| Cash at bank and in hand | 54/58 | €1,864 | €4,455 | +€2,590 | +138.9% |
| Deferred charges and accrued income | 490/1 | €322 | €322 | = | 0.0% |
| Total equity and liabilities | 10/49 | €648,620 | €410,121 | -€238,499 | -36.8% |
| Equity | 10/15 | €343,391 | €381,068 | +€37,677 | +11.0% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Contributions outside capital | 11 | €13,200 | €13,200 | = | 0.0% |
| Other | 1109/19 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €328,331 | €366,008 | +€37,677 | +11.5% |
| Amounts payable | 17/49 | €305,229 | €29,053 | -€276,177 | -90.5% |
| Amounts payable after more than one year | 17 | €276,122 | €20,722 | -€255,400 | -92.5% |
| Financial debts | 170/4 | €276,122 | €20,722 | -€255,400 | -92.5% |
| Amounts payable within one year | 42/48 | €29,107 | €8,330 | -€20,777 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €12,331 | €4,752 | -€7,578 | -61.5% |
| Financial debts | 43 | €21 | €2,588 | +€2,567 | +12246.4% |
| Credit institutions | 430/8 | €21 | €2,588 | +€2,567 | +12246.4% |
| Taxes, remuneration and social security | 45 | €16,756 | - | -€16,756 | |
| Taxes | 450/3 | €16,756 | - | -€16,756 | |
| Other amounts payable | 47/48 | - | €990 | +€990 | |
| Non-recurring operating income | 76A | €11,075 | - | -€11,075 | |
| Remuneration, social security and pensions | 62 | €24,756 | €8,255 | -€16,501 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,580 | €9,308 | +€728 | +8.5% |
| Other operating charges | 640/8 | €108,088 | €1,117 | -€106,970 | -99.0% |
| Non-recurring operating charges | 66A | €5,850 | - | -€5,850 | |
| Gross operating margin | 9900 | €165,240 | €69,946 | -€95,294 | -57.7% |
| Operating profit (loss) | 9901 | €17,966 | €51,266 | +€33,300 | +185.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,768 | €13,590 | +€11,822 | +668.7% |
| Recurring financial charges | 65 | €1,768 | €13,590 | +€11,822 | +668.7% |
| Profit (loss) for the period before taxes | 9903 | €16,198 | €37,677 | +€21,479 | +132.6% |
| Profit (loss) for the period | 9904 | €16,198 | €37,677 | +€21,479 | +132.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,198 | €37,677 | +€21,479 | +132.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.