AFSIN: 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.
AFSIN
Largest movements
- Receivables within one year +€6,725
up €6,725 (+422%), from €1,595 to €8,320
of which Other amounts receivable: +€3,517
- Stocks and contracts -€5,055
down €5,055 (-5.2%), from €97,721 to €92,666
- Cash -€1,924
down €1,924 (-60.6%), from €3,176 to €1,252
mainly Net result for the year (-€27,512) and Receivables within one year (-€6,725)
- Profit (loss) carried forward -€27,512
down €27,512, from €2,788 to -€24,724
- Trade debts +€18,900
up €18,900 (+34.5%), from €54,792 to €73,692
- Tax, wage and social debts +€8,358
up €8,358 (+82.1%), from €10,184 to €18,542
- Turnover -€326,805
no longer reported in 2021 (was €326,805)
- Gross operating margin -€59,147
down €59,147, from €33,301 to -€25,846
- Staff costs -€24,060
down €24,060 (-99.0%), from €24,300 to €241
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,792 | €104,538 | -€254 | -0.2% |
| Fixed assets | 21/28 | €2,300 | €2,300 | = | 0.0% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €102,492 | €102,238 | -€254 | -0.2% |
| Stocks and contracts in progress | 3 | €97,721 | €92,666 | -€5,055 | -5.2% |
| Stocks | 30/36 | €97,721 | €92,666 | -€5,055 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,595 | €8,320 | +€6,725 | +422% |
| Trade receivables | 40 | - | €3,208 | +€3,208 | |
| Other amounts receivable | 41 | €1,595 | €5,111 | +€3,517 | +221% |
| Cash at bank and in hand | 54/58 | €3,176 | €1,252 | -€1,924 | -60.6% |
| Total equity and liabilities | 10/49 | €104,792 | €104,538 | -€254 | -0.2% |
| Equity | 10/15 | €34,166 | €6,654 | -€27,512 | -80.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,778 | €12,778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €778 | €778 | = | 0.0% |
| Reserves not available under the articles | 1311 | €778 | €778 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,788 | -€24,724 | -€27,512 | |
| Amounts payable | 17/49 | €70,625 | €97,883 | +€27,258 | +38.6% |
| Amounts payable within one year | 42/48 | €64,975 | €92,233 | +€27,258 | +42.0% |
| Trade debts | 44 | €54,792 | €73,692 | +€18,900 | +34.5% |
| Suppliers | 440/4 | €54,792 | €73,692 | +€18,900 | +34.5% |
| Taxes, remuneration and social security | 45 | €10,184 | €18,542 | +€8,358 | +82.1% |
| Taxes | 450/3 | €10,184 | €18,542 | +€8,358 | +82.1% |
| Accrued charges and deferred income | 492/3 | €5,650 | €5,650 | = | 0.0% |
| Turnover | 70 | €326,805 | - | -€326,805 | |
| Remuneration, social security and pensions | 62 | €24,300 | €241 | -€24,060 | -99.0% |
| Other operating charges | 640/8 | - | €578 | +€578 | |
| Non-recurring operating charges | 66A | €58 | €402 | +€344 | +593% |
| Gross operating margin | 9900 | €33,301 | -€25,846 | -€59,147 | |
| Operating profit (loss) | 9901 | €8,943 | -€27,067 | -€36,010 | |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €297 | €474 | +€178 | +59.9% |
| Recurring financial charges | 65 | €297 | €474 | +€178 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €8,646 | -€27,512 | -€36,159 | |
| Income taxes | 67/77 | €2,248 | - | -€2,248 | |
| Profit (loss) for the period | 9904 | €6,398 | -€27,512 | -€33,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,398 | -€27,512 | -€33,910 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.