AFTECH: what changed
Two fiscal 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.
AFTECH
Largest movements
- Receivables within one year +€104,483
up €104,483 (+222.8%), from €46,889 to €151,372
- Tangible fixed assets -€15,065
down €15,065 (-6.8%), from €220,080 to €205,016
of which Land and buildings: -€10,760
- Cash +€5,421
up €5,421 (+94.1%), from €5,761 to €11,182
mainly Advances received (+€31,593) and Trade debts (+€30,993)
- Advances received +€31,593
up €31,593 (+154.4%), from €20,468 to €52,061
- Trade debts +€30,993
up €30,993 (+424.4%), from €7,303 to €38,295
- Current portion of long-term debt +€16,338
up €16,338 (+117.9%), from €13,860 to €30,198
- Other debts +€12,206
up €12,206 (+96.3%), from €12,678 to €24,884
- Debts after one year -€12,075
down €12,075 (-5.4%), from €225,494 to €213,419
- Purchases and services -€140,747
no longer reported in 2024 (was €140,747)
- Gross operating margin +€35,760
up €35,760 (+1541.5%), from €2,320 to €38,080
- Depreciation +€9,521
up €9,521 (+132.2%), from €7,204 to €16,726
- Financial charges +€8,689
up €8,689 (+428.3%), from €2,029 to €10,718
- Taxes +€1,011
new in 2024: €1,011
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,963 | €410,142 | +€93,178 | +29.4% |
| Formation expenses | 20 | €31,565 | €29,904 | -€1,661 | -5.3% |
| Fixed assets | 21/28 | €223,100 | €208,036 | -€15,065 | -6.8% |
| Tangible fixed assets | 22/27 | €220,080 | €205,016 | -€15,065 | -6.8% |
| Land and buildings | 22 | €213,952 | €203,192 | -€10,760 | -5.0% |
| Furniture and vehicles | 24 | €6,128 | €1,823 | -€4,305 | -70.2% |
| Financial fixed assets | 28 | €3,020 | €3,020 | = | 0.0% |
| Current assets | 29/58 | €62,298 | €172,202 | +€109,904 | +176.4% |
| Stocks and contracts in progress | 3 | €9,648 | €9,648 | = | 0.0% |
| Stocks | 30/36 | €9,648 | €9,648 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,889 | €151,372 | +€104,483 | +222.8% |
| Trade receivables | 40 | €46,889 | €151,372 | +€104,483 | +222.8% |
| Cash at bank and in hand | 54/58 | €5,761 | €11,182 | +€5,421 | +94.1% |
| Total equity and liabilities | 10/49 | €316,963 | €410,142 | +€93,178 | +29.4% |
| Equity | 10/15 | €33,744 | €42,733 | +€8,989 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €2,370 | €2,370 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,370 | €2,370 | = | 0.0% |
| Legal reserve | 130 | €2,370 | - | -€2,370 | |
| Reserves not available under the articles | 1311 | - | €2,370 | +€2,370 | |
| Profit (loss) carried forward | 14 | €12,774 | €21,763 | +€8,989 | +70.4% |
| Amounts payable | 17/49 | €283,219 | €367,408 | +€84,189 | +29.7% |
| Amounts payable after more than one year | 17 | €225,494 | €213,419 | -€12,075 | -5.4% |
| Financial debts | 170/4 | €225,494 | €213,419 | -€12,075 | -5.4% |
| Amounts payable within one year | 42/48 | €57,725 | €153,990 | +€96,264 | +166.8% |
| Current portion of amounts payable after more than one year | 42 | €13,860 | €30,198 | +€16,338 | +117.9% |
| Financial debts | 43 | €730 | €730 | = | 0.0% |
| Credit institutions | 430/8 | €730 | €730 | = | 0.0% |
| Trade debts | 44 | €7,303 | €38,295 | +€30,993 | +424.4% |
| Suppliers | 440/4 | €7,303 | €38,295 | +€30,993 | +424.4% |
| Advances received on contracts in progress | 46 | €20,468 | €52,061 | +€31,593 | +154.4% |
| Taxes, remuneration and social security | 45 | €2,687 | €7,821 | +€5,135 | +191.1% |
| Taxes | 450/3 | €2,687 | €7,821 | +€5,135 | +191.1% |
| Other amounts payable | 47/48 | €12,678 | €24,884 | +€12,206 | +96.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €140,747 | - | -€140,747 | |
| Remuneration, social security and pensions | 62 | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,204 | €16,726 | +€9,521 | +132.2% |
| Other operating charges | 640/8 | €348 | €670 | +€321 | +92.4% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €2,320 | €38,080 | +€35,760 | +1541.5% |
| Operating profit (loss) | 9901 | -€5,296 | €20,675 | +€25,971 | |
| Financial income | 75/76B | €16 | €43 | +€27 | +166.8% |
| Recurring financial income | 75 | €16 | €43 | +€27 | +166.8% |
| Financial charges | 65/66B | €2,029 | €10,718 | +€8,689 | +428.3% |
| Recurring financial charges | 65 | €2,029 | €10,718 | +€8,689 | +428.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,308 | €10,001 | +€17,309 | |
| Income taxes | 67/77 | - | €1,011 | +€1,011 | |
| Profit (loss) for the period | 9904 | -€7,308 | €8,989 | +€16,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,308 | €8,989 | +€16,298 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.