AFTERGLOW: 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.
AFTERGLOW
Largest movements
- Tangible fixed assets +€9,151
up €9,151 (+31.8%), from €28,731 to €37,882
of which Other tangible fixed assets: +€8,682
- Cash +€5,795
up €5,795, from €0 to €5,795
mainly Net result for the year (+€7,020) and Depreciation (+€4,777)
- Receivables after one year -€4,346
down €4,346 (-18.8%), from €23,121 to €18,775
- Reserves +€39,942
up €39,942 (+273%), from €14,620 to €54,562
- Profit (loss) carried forward -€32,922
down €32,922 (-100%), from €32,922 to €0
- Other debts +€1,986
up €1,986 (+50.8%), from €3,906 to €5,893
- Tax, wage and social debts +€1,756
up €1,756 (+44.9%), from €3,907 to €5,663
- Gross operating margin +€13,253
up €13,253, from -€189 to €13,064
- Depreciation +€1,104
up €1,104 (+30.1%), from €3,673 to €4,777
- Write-downs -€630
down €630 (-100%), from €630 to €0
- Taxes +€553
up €553 (+368%), from €150 to €704
- Financial charges +€338
up €338 (+90.0%), from €376 to €714
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 | €64,399 | €75,388 | +€10,989 | +17.1% |
| Fixed assets | 21/28 | €28,731 | €37,882 | +€9,151 | +31.8% |
| Tangible fixed assets | 22/27 | €28,731 | €37,882 | +€9,151 | +31.8% |
| Plant, machinery and equipment | 23 | €422 | €1,562 | +€1,140 | +270% |
| Furniture and vehicles | 24 | €1,851 | €1,180 | -€671 | -36.3% |
| Other tangible fixed assets | 26 | €26,458 | €35,139 | +€8,682 | +32.8% |
| Current assets | 29/58 | €35,668 | €37,506 | +€1,838 | +5.2% |
| Amounts receivable after more than one year | 29 | €23,121 | €18,775 | -€4,346 | -18.8% |
| Trade receivables | 290 | €23,121 | €18,775 | -€4,346 | -18.8% |
| Amounts receivable within one year | 40/41 | €12,068 | €12,200 | +€132 | +1.1% |
| Trade receivables | 40 | €6,629 | €7,854 | +€1,225 | +18.5% |
| Other amounts receivable | 41 | €5,439 | €4,346 | -€1,093 | -20.1% |
| Current investments | 50/53 | €1 | €4 | +€4 | +539% |
| Cash at bank and in hand | 54/58 | €0 | €5,795 | +€5,795 | |
| Deferred charges and accrued income | 490/1 | €478 | €732 | +€254 | +53.1% |
| Total equity and liabilities | 10/49 | €64,399 | €75,388 | +€10,989 | +17.1% |
| Equity | 10/15 | €55,542 | €62,562 | +€7,020 | +12.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €14,620 | €54,562 | +€39,942 | +273% |
| Distributable reserves | 133 | €14,620 | €54,562 | +€39,942 | +273% |
| Profit (loss) carried forward | 14 | €32,922 | €0 | -€32,922 | -100% |
| Amounts payable | 17/49 | €8,857 | €12,826 | +€3,969 | +44.8% |
| Amounts payable within one year | 42/48 | €8,857 | €12,826 | +€3,969 | +44.8% |
| Financial debts | 43 | €534 | €480 | -€55 | -10.3% |
| Credit institutions | 430/8 | €534 | €480 | -€55 | -10.3% |
| Trade debts | 44 | €509 | €791 | +€282 | +55.3% |
| Suppliers | 440/4 | €509 | €791 | +€282 | +55.3% |
| Taxes, remuneration and social security | 45 | €3,907 | €5,663 | +€1,756 | +44.9% |
| Taxes | 450/3 | €3,907 | €5,663 | +€1,756 | +44.9% |
| Other amounts payable | 47/48 | €3,906 | €5,893 | +€1,986 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,673 | €4,777 | +€1,104 | +30.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €630 | €0 | -€630 | -100% |
| Other operating charges | 640/8 | €596 | €673 | +€77 | +12.9% |
| Gross operating margin | 9900 | -€189 | €13,064 | +€13,253 | |
| Operating profit (loss) | 9901 | -€5,089 | €7,614 | +€12,703 | |
| Financial income | 75/76B | €907 | €824 | -€83 | -9.1% |
| Recurring financial income | 75 | €907 | €824 | -€83 | -9.1% |
| Financial charges | 65/66B | €376 | €714 | +€338 | +90.0% |
| Recurring financial charges | 65 | €376 | €714 | +€338 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,558 | €7,724 | +€12,282 | |
| Income taxes | 67/77 | €150 | €704 | +€553 | +368% |
| Profit (loss) for the period | 9904 | -€4,708 | €7,020 | +€11,728 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,708 | €7,020 | +€11,728 |
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 16 October 2026 via checked.be.