AFTC: 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.
AFTC
Largest movements
- Receivables within one year +€19,867
up €19,867 (+6.0%), from €333,120 to €352,987
- Cash -€8,437
down €8,437 (-99.4%), from €8,490 to €53
mainly Net result for the year (-€33,841) and Receivables within one year (-€19,867)
- Other debts +€35,715
up €35,715 (+5.8%), from €620,000 to €655,715
- Profit (loss) carried forward -€33,841
down €33,841 (-4.9%), from -€686,488 to -€720,328
- Trade debts +€17,895
up €17,895 (+2,469%), from €725 to €18,620
- Tax, wage and social debts -€8,355
down €8,355 (-98.0%), from €8,529 to €174
- Gross operating margin -€74,759
down €74,759, from €39,134 to -€35,625
- Financial income -€16,411
down €16,411 (-87.1%), from €18,851 to €2,440
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 | €341,736 | €353,151 | +€11,415 | +3.3% |
| Current assets | 29/58 | €341,736 | €353,151 | +€11,415 | +3.3% |
| Amounts receivable within one year | 40/41 | €333,120 | €352,987 | +€19,867 | +6.0% |
| Other amounts receivable | 41 | €333,120 | €352,987 | +€19,867 | +6.0% |
| Current investments | 50/53 | €126 | €111 | -€15 | -12.0% |
| Cash at bank and in hand | 54/58 | €8,490 | €53 | -€8,437 | -99.4% |
| Total equity and liabilities | 10/49 | €341,736 | €353,151 | +€11,415 | +3.3% |
| Equity | 10/15 | -€287,518 | -€321,358 | -€33,841 | -11.8% |
| Contributions | 10/11 | €362,700 | €362,700 | = | 0.0% |
| Capital | 10 | €362,700 | €362,700 | = | 0.0% |
| Issued capital | 100 | €362,700 | €362,700 | = | 0.0% |
| Reserves | 13 | €36,270 | €36,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,270 | €36,270 | = | 0.0% |
| Legal reserve | 130 | €36,270 | €36,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€686,488 | -€720,328 | -€33,841 | -4.9% |
| Amounts payable | 17/49 | €629,254 | €674,509 | +€45,256 | +7.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €629,254 | €674,509 | +€45,256 | +7.2% |
| Trade debts | 44 | €725 | €18,620 | +€17,895 | +2,469% |
| Suppliers | 440/4 | €725 | €18,620 | +€17,895 | +2,469% |
| Taxes, remuneration and social security | 45 | €8,529 | €174 | -€8,355 | -98.0% |
| Taxes | 450/3 | €8,529 | €174 | -€8,355 | -98.0% |
| Other amounts payable | 47/48 | €620,000 | €655,715 | +€35,715 | +5.8% |
| Other operating charges | 640/8 | €401 | €400 | -€1 | -0.3% |
| Gross operating margin | 9900 | €39,134 | -€35,625 | -€74,759 | |
| Operating profit (loss) | 9901 | €38,733 | -€36,024 | -€74,757 | |
| Financial income | 75/76B | €18,851 | €2,440 | -€16,411 | -87.1% |
| Recurring financial income | 75 | €18,851 | €2,440 | -€16,411 | -87.1% |
| Financial charges | 65/66B | €207 | €256 | +€49 | +23.5% |
| Recurring financial charges | 65 | €207 | €256 | +€49 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €57,377 | -€33,841 | -€91,217 | |
| Profit (loss) for the period | 9904 | €57,377 | -€33,841 | -€91,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,377 | -€33,841 | -€91,217 |
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 24 October 2026 via checked.be.