AFTENI GROUP: 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.
AFTENI GROUP
Largest movements
- Receivables within one year +€90,385
up €90,385 (+49.6%), from €182,307 to €272,692
of which Trade receivables: +€72,041
- Cash +€60,144
up €60,144 (+66.4%), from €90,557 to €150,701
mainly Accrued charges and deferred income (+€150,000) and Depreciation (+€7,491)
- Tangible fixed assets -€6,310
down €6,310 (-17.7%), from €35,618 to €29,308
- Accrued charges and deferred income +€150,000
new in 2025: €150,000
- Current portion of long-term debt -€12,798
down €12,798 (-25.6%), from €50,045 to €37,247
- Profit (loss) carried forward +€6,786
up €6,786 (+4.8%), from €141,223 to €148,009
- Gross operating margin -€18,793
down €18,793 (-41.6%), from €45,222 to €26,429
- Financial charges -€1,995
down €1,995 (-53.3%), from €3,742 to €1,747
- Taxes +€1,799
up €1,799 (+26.2%), from €6,868 to €8,667
- Other operating charges -€1,625
down €1,625 (-48.3%), from €3,363 to €1,738
- Staff costs -€858
no longer reported in 2025 (was €858)
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 | €308,482 | €455,938 | +€147,457 | +47.8% |
| Fixed assets | 21/28 | €35,618 | €31,021 | -€4,597 | -12.9% |
| Tangible fixed assets | 22/27 | €35,618 | €29,308 | -€6,310 | -17.7% |
| Furniture and vehicles | 24 | €35,618 | €29,308 | -€6,310 | -17.7% |
| Financial fixed assets | 28 | - | €1,713 | +€1,713 | |
| Current assets | 29/58 | €272,864 | €424,918 | +€152,054 | +55.7% |
| Stocks and contracts in progress | 3 | - | €575 | +€575 | |
| Stocks | 30/36 | - | €575 | +€575 | |
| Amounts receivable within one year | 40/41 | €182,307 | €272,692 | +€90,385 | +49.6% |
| Trade receivables | 40 | €135,503 | €207,545 | +€72,041 | +53.2% |
| Other amounts receivable | 41 | €46,803 | €65,147 | +€18,344 | +39.2% |
| Cash at bank and in hand | 54/58 | €90,557 | €150,701 | +€60,144 | +66.4% |
| Deferred charges and accrued income | 490/1 | - | €950 | +€950 | |
| Total equity and liabilities | 10/49 | €308,482 | €455,938 | +€147,457 | +47.8% |
| Equity | 10/15 | €159,823 | €166,609 | +€6,786 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,223 | €148,009 | +€6,786 | +4.8% |
| Amounts payable | 17/49 | €148,658 | €289,330 | +€140,671 | +94.6% |
| Amounts payable within one year | 42/48 | €148,658 | €139,330 | -€9,329 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €50,045 | €37,247 | -€12,798 | -25.6% |
| Trade debts | 44 | €335 | €3,649 | +€3,314 | +989% |
| Suppliers | 440/4 | €335 | €3,649 | +€3,314 | +989% |
| Other amounts payable | 47/48 | €98,279 | €98,434 | +€155 | +0.2% |
| Accrued charges and deferred income | 492/3 | - | €150,000 | +€150,000 | |
| Remuneration, social security and pensions | 62 | €858 | - | -€858 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,097 | €7,491 | +€393 | +5.5% |
| Other operating charges | 640/8 | €3,363 | €1,738 | -€1,625 | -48.3% |
| Gross operating margin | 9900 | €45,222 | €26,429 | -€18,793 | -41.6% |
| Operating profit (loss) | 9901 | €33,904 | €17,200 | -€16,705 | -49.3% |
| Financial charges | 65/66B | €3,742 | €1,747 | -€1,995 | -53.3% |
| Recurring financial charges | 65 | €3,742 | €1,747 | -€1,995 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €30,163 | €15,453 | -€14,710 | -48.8% |
| Income taxes | 67/77 | €6,868 | €8,667 | +€1,799 | +26.2% |
| Profit (loss) for the period | 9904 | €23,294 | €6,786 | -€16,509 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,294 | €6,786 | -€16,509 | -70.9% |
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 20 October 2026 via checked.be.