AFS MEDICAL: what changed
AFS MEDICAL
Largest movements
- Cash +€29,611
up €29,611 (+155%), from €19,061 to €48,672
mainly Net result for the year (+€37,541) and Depreciation (+€9,926)
- Tangible fixed assets -€9,926
down €9,926 (-47.2%), from €21,042 to €11,116
of which Furniture and vehicles: -€9,332
- Receivables within one year +€7,083
up €7,083 (+31.7%), from €22,328 to €29,411
of which Trade receivables: +€4,645
- Reserves +€37,541
up €37,541 (+95.3%), from €39,394 to €76,935
- Other debts -€11,926
down €11,926 (-88.3%), from €13,499 to €1,573
- Gross operating margin -€11,477
down €11,477 (-16.1%), from €71,093 to €59,616
- Taxes -€5,438
down €5,438 (-33.4%), from €16,306 to €10,868
- Depreciation -€2,752
down €2,752 (-21.7%), from €12,678 to €9,926
- Other operating charges -€1,432
down €1,432 (-53.9%), from €2,658 to €1,226
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,876 | €90,762 | +€25,887 | +39.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €21,042 | €11,116 | -€9,926 | -47.2% |
| Tangible fixed assets | 22/27 | €21,042 | €11,116 | -€9,926 | -47.2% |
| Furniture and vehicles | 24 | €18,668 | €9,335 | -€9,332 | -50.0% |
| Other tangible fixed assets | 26 | €2,374 | €1,781 | -€594 | -25.0% |
| Current assets | 29/58 | €43,834 | €79,646 | +€35,813 | +81.7% |
| Amounts receivable within one year | 40/41 | €22,328 | €29,411 | +€7,083 | +31.7% |
| Trade receivables | 40 | €21,633 | €26,279 | +€4,645 | +21.5% |
| Other amounts receivable | 41 | €694 | €3,132 | +€2,438 | +351% |
| Cash at bank and in hand | 54/58 | €19,061 | €48,672 | +€29,611 | +155% |
| Deferred charges and accrued income | 490/1 | €2,445 | €1,564 | -€881 | -36.0% |
| Total equity and liabilities | 10/49 | €64,876 | €90,762 | +€25,887 | +39.9% |
| Equity | 10/15 | €41,394 | €78,935 | +€37,541 | +90.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €39,394 | €76,935 | +€37,541 | +95.3% |
| Distributable reserves | 133 | €39,394 | €76,935 | +€37,541 | +95.3% |
| Amounts payable | 17/49 | €23,482 | €11,827 | -€11,654 | -49.6% |
| Amounts payable within one year | 42/48 | €23,178 | €11,514 | -€11,664 | -50.3% |
| Trade debts | 44 | €1,129 | €1,841 | +€712 | +63.1% |
| Suppliers | 440/4 | €1,129 | €1,841 | +€712 | +63.1% |
| Taxes, remuneration and social security | 45 | €8,550 | €8,100 | -€450 | -5.3% |
| Taxes | 450/3 | €8,550 | €8,100 | -€450 | -5.3% |
| Other amounts payable | 47/48 | €13,499 | €1,573 | -€11,926 | -88.3% |
| Accrued charges and deferred income | 492/3 | €303 | €313 | +€10 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,678 | €9,926 | -€2,752 | -21.7% |
| Other operating charges | 640/8 | €2,658 | €1,226 | -€1,432 | -53.9% |
| Gross operating margin | 9900 | €71,093 | €59,616 | -€11,477 | -16.1% |
| Operating profit (loss) | 9901 | €55,757 | €48,464 | -€7,293 | -13.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €58 | €56 | -€2 | -4.2% |
| Recurring financial charges | 65 | €58 | €56 | -€2 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €55,700 | €48,409 | -€7,291 | -13.1% |
| Income taxes | 67/77 | €16,306 | €10,868 | -€5,438 | -33.4% |
| Profit (loss) for the period | 9904 | €39,394 | €37,541 | -€1,853 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,394 | €37,541 | -€1,853 | -4.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.