AFS-CARE: 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.
AFS-CARE
Largest movements
- Cash -€111,369
down €111,369 (-58.9%), from €189,094 to €77,725
mainly Trade debts (-€103,775) and Debts after one year (-€45,531)
- Tangible fixed assets -€37,542
down €37,542 (-6.1%), from €620,018 to €582,477
of which Land and buildings: -€31,861
- Trade debts -€103,775
down €103,775 (-34.7%), from €298,938 to €195,163
- Debts after one year -€45,531
down €45,531 (-12.9%), from €353,298 to €307,767
- Profit (loss) carried forward +€38,279
up €38,279 (+20.0%), from €190,931 to €229,210
- Tax, wage and social debts -€28,367
down €28,367 (-43.1%), from €65,807 to €37,440
of which Remuneration and social security: -€19,284
- Staff costs -€28,152
down €28,152 (-10.7%), from €261,898 to €233,747
- Gross operating margin -€22,261
down €22,261 (-5.8%), from €382,181 to €359,920
- Depreciation +€18,058
up €18,058 (+63.0%), from €28,684 to €46,742
- Financial income +€6,147
up €6,147 (+70.9%), from €8,673 to €14,819
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 | €1,090,665 | €948,141 | -€142,524 | -13.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €622,018 | €584,477 | -€37,542 | -6.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €620,018 | €582,477 | -€37,542 | -6.1% |
| Land and buildings | 22 | €571,271 | €539,410 | -€31,861 | -5.6% |
| Furniture and vehicles | 24 | €48,747 | €43,067 | -€5,680 | -11.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €468,646 | €363,664 | -€104,982 | -22.4% |
| Amounts receivable within one year | 40/41 | €260,291 | €260,925 | +€634 | +0.2% |
| Trade receivables | 40 | €260,291 | €259,736 | -€555 | -0.2% |
| Other amounts receivable | 41 | - | €1,189 | +€1,189 | |
| Cash at bank and in hand | 54/58 | €189,094 | €77,725 | -€111,369 | -58.9% |
| Deferred charges and accrued income | 490/1 | €19,261 | €25,014 | +€5,753 | +29.9% |
| Total equity and liabilities | 10/49 | €1,090,665 | €948,141 | -€142,524 | -13.1% |
| Equity | 10/15 | €260,931 | €299,210 | +€38,279 | +14.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,931 | €229,210 | +€38,279 | +20.0% |
| Amounts payable | 17/49 | €829,734 | €648,931 | -€180,802 | -21.8% |
| Amounts payable after more than one year | 17 | €353,298 | €307,767 | -€45,531 | -12.9% |
| Financial debts | 170/4 | €353,298 | €307,767 | -€45,531 | -12.9% |
| Amounts payable within one year | 42/48 | €412,078 | €287,707 | -€124,371 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €47,333 | €48,365 | +€1,032 | +2.2% |
| Financial debts | 43 | - | €6,739 | +€6,739 | |
| Credit institutions | 430/8 | - | €6,739 | +€6,739 | |
| Trade debts | 44 | €298,938 | €195,163 | -€103,775 | -34.7% |
| Suppliers | 440/4 | €298,938 | €195,163 | -€103,775 | -34.7% |
| Taxes, remuneration and social security | 45 | €65,807 | €37,440 | -€28,367 | -43.1% |
| Taxes | 450/3 | €15,840 | €6,757 | -€9,083 | -57.3% |
| Remuneration and social security | 454/9 | €49,967 | €30,683 | -€19,284 | -38.6% |
| Accrued charges and deferred income | 492/3 | €64,357 | €53,457 | -€10,900 | -16.9% |
| Non-recurring operating income | 76A | €2,277 | - | -€2,277 | |
| Remuneration, social security and pensions | 62 | €261,898 | €233,747 | -€28,152 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,684 | €46,742 | +€18,058 | +63.0% |
| Other operating charges | 640/8 | €4,494 | €5,033 | +€540 | +12.0% |
| Non-recurring operating charges | 66A | €2,580 | €4,748 | +€2,168 | +84.0% |
| Gross operating margin | 9900 | €382,181 | €359,920 | -€22,261 | -5.8% |
| Operating profit (loss) | 9901 | €84,524 | €69,650 | -€14,874 | -17.6% |
| Financial income | 75/76B | €8,673 | €14,819 | +€6,147 | +70.9% |
| Recurring financial income | 75 | €8,673 | €14,819 | +€6,147 | +70.9% |
| Financial charges | 65/66B | €18,694 | €22,088 | +€3,394 | +18.2% |
| Recurring financial charges | 65 | €18,694 | €22,088 | +€3,394 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €74,503 | €62,382 | -€12,121 | -16.3% |
| Income taxes | 67/77 | €22,781 | €24,103 | +€1,322 | +5.8% |
| Profit (loss) for the period | 9904 | €51,722 | €38,279 | -€13,443 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,722 | €38,279 | -€13,443 | -26.0% |
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 18 October 2026 via checked.be.