AFTIA: 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.
AFTIA
Largest movements
- Cash -€41,748
down €41,748 (-75.4%), from €55,395 to €13,647
mainly Net result for the year (-€51,025) and Receivables within one year (-€16,308)
- Tangible fixed assets -€31,339
down €31,339 (-4.1%), from €761,677 to €730,338
of which Land and buildings: -€28,187
- Receivables within one year +€16,308
up €16,308 (+1,510%), from €1,080 to €17,388
of which Trade receivables: +€15,406
- Profit (loss) carried forward -€51,025
down €51,025 (-19.8%), from -€257,436 to -€308,461
- Staff costs +€3,023
up €3,023 (+4.0%), from €74,661 to €77,684
- Gross operating margin +€2,181
up €2,181 (+3.1%), from €69,276 to €71,457
- Other operating charges -€919
down €919 (-7.6%), from €12,021 to €11,102
- Depreciation -€770
down €770 (-2.4%), from €32,109 to €31,339
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 | €818,152 | €761,373 | -€56,779 | -6.9% |
| Fixed assets | 21/28 | €761,677 | €730,338 | -€31,339 | -4.1% |
| Tangible fixed assets | 22/27 | €761,677 | €730,338 | -€31,339 | -4.1% |
| Land and buildings | 22 | €757,347 | €729,160 | -€28,187 | -3.7% |
| Furniture and vehicles | 24 | €4,330 | €1,178 | -€3,152 | -72.8% |
| Current assets | 29/58 | €56,475 | €31,035 | -€25,440 | -45.0% |
| Amounts receivable within one year | 40/41 | €1,080 | €17,388 | +€16,308 | +1,510% |
| Trade receivables | 40 | €620 | €16,026 | +€15,406 | +2,485% |
| Other amounts receivable | 41 | €460 | €1,362 | +€902 | +196% |
| Cash at bank and in hand | 54/58 | €55,395 | €13,647 | -€41,748 | -75.4% |
| Total equity and liabilities | 10/49 | €818,152 | €761,373 | -€56,779 | -6.9% |
| Equity | 10/15 | -€23,878 | -€74,903 | -€51,025 | -214% |
| Contributions | 10/11 | €228,558 | €228,558 | = | 0.0% |
| Capital | 10 | €228,558 | €228,558 | = | 0.0% |
| Issued capital | 100 | €228,558 | €228,558 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,436 | -€308,461 | -€51,025 | -19.8% |
| Amounts payable | 17/49 | €842,030 | €836,276 | -€5,754 | -0.7% |
| Amounts payable after more than one year | 17 | €795,978 | €789,659 | -€6,319 | -0.8% |
| Financial debts | 170/4 | €106,978 | €91,659 | -€15,319 | -14.3% |
| Other amounts payable | 178/9 | €689,000 | €698,000 | +€9,000 | +1.3% |
| Amounts payable within one year | 42/48 | €46,052 | €46,617 | +€565 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €15,003 | €15,319 | +€316 | +2.1% |
| Trade debts | 44 | €7,790 | €6,865 | -€925 | -11.9% |
| Suppliers | 440/4 | €7,790 | €6,865 | -€925 | -11.9% |
| Taxes, remuneration and social security | 45 | €6,123 | €6,434 | +€311 | +5.1% |
| Remuneration and social security | 454/9 | €6,123 | €6,434 | +€311 | +5.1% |
| Other amounts payable | 47/48 | €17,136 | €17,999 | +€863 | +5.0% |
| Remuneration, social security and pensions | 62 | €74,661 | €77,684 | +€3,023 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,109 | €31,339 | -€770 | -2.4% |
| Other operating charges | 640/8 | €12,021 | €11,102 | -€919 | -7.6% |
| Non-recurring operating charges | 66A | €23,445 | - | -€23,445 | |
| Gross operating margin | 9900 | €69,276 | €71,457 | +€2,181 | +3.1% |
| Operating profit (loss) | 9901 | -€72,960 | -€48,668 | +€24,292 | +33.3% |
| Financial income | 75/76B | €27 | €295 | +€268 | +993% |
| Recurring financial income | 75 | €27 | €295 | +€268 | +993% |
| Financial charges | 65/66B | €2,914 | €2,652 | -€262 | -9.0% |
| Recurring financial charges | 65 | €2,914 | €2,652 | -€262 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€75,847 | -€51,025 | +€24,822 | +32.7% |
| Profit (loss) for the period | 9904 | -€75,847 | -€51,025 | +€24,822 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,847 | -€51,025 | +€24,822 | +32.7% |
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 15 October 2026 via checked.be.