AFZIEN: 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.
AFZIEN
Largest movements
- Tangible fixed assets -€4,454
down €4,454 (-18.4%), from €24,206 to €19,752
of which Land and buildings: -€2,261
- Receivables within one year -€2,721
down €2,721 (-89.7%), from €3,031 to €311
of which Trade receivables: -€1,581
- Cash +€1,684
up €1,684 (+22.9%), from €7,353 to €9,038
mainly Depreciation (+€7,997) and Receivables within one year (+€2,721)
- Profit (loss) carried forward -€2,731
down €2,731 (-118%), from -€2,314 to -€5,045
- Other debts -€2,400
down €2,400 (-42.1%), from €5,695 to €3,295
- Trade debts -€394
down €394 (-80.2%), from €491 to €97
- Depreciation +€810
up €810 (+11.3%), from €7,187 to €7,997
- Other operating charges +€400
new in 2025: €400
- Gross operating margin -€229
down €229 (-3.8%), from €5,984 to €5,755
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 | €34,590 | €29,100 | -€5,490 | -15.9% |
| Fixed assets | 21/28 | €24,206 | €19,752 | -€4,454 | -18.4% |
| Tangible fixed assets | 22/27 | €24,206 | €19,752 | -€4,454 | -18.4% |
| Land and buildings | 22 | €11,262 | €9,001 | -€2,261 | -20.1% |
| Plant, machinery and equipment | 23 | €12,703 | €10,751 | -€1,951 | -15.4% |
| Furniture and vehicles | 24 | €241 | - | -€241 | |
| Current assets | 29/58 | €10,385 | €9,348 | -€1,036 | -10.0% |
| Amounts receivable within one year | 40/41 | €3,031 | €311 | -€2,721 | -89.7% |
| Trade receivables | 40 | €1,892 | €311 | -€1,581 | -83.6% |
| Other amounts receivable | 41 | €1,139 | - | -€1,139 | |
| Cash at bank and in hand | 54/58 | €7,353 | €9,038 | +€1,684 | +22.9% |
| Total equity and liabilities | 10/49 | €34,590 | €29,100 | -€5,490 | -15.9% |
| Equity | 10/15 | -€1,314 | -€4,045 | -€2,731 | -208% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,314 | -€5,045 | -€2,731 | -118% |
| Amounts payable | 17/49 | €35,905 | €33,146 | -€2,759 | -7.7% |
| Amounts payable after more than one year | 17 | €29,000 | €29,000 | = | 0.0% |
| Financial debts | 170/4 | €29,000 | €29,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,839 | €4,079 | -€2,760 | -40.4% |
| Trade debts | 44 | €491 | €97 | -€394 | -80.2% |
| Suppliers | 440/4 | €491 | €97 | -€394 | -80.2% |
| Taxes, remuneration and social security | 45 | €653 | €686 | +€34 | +5.2% |
| Taxes | 450/3 | €653 | €686 | +€34 | +5.2% |
| Other amounts payable | 47/48 | €5,695 | €3,295 | -€2,400 | -42.1% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,187 | €7,997 | +€810 | +11.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Non-recurring operating charges | 66A | €1,238 | - | -€1,238 | |
| Gross operating margin | 9900 | €5,984 | €5,755 | -€229 | -3.8% |
| Operating profit (loss) | 9901 | -€2,441 | -€2,642 | -€201 | -8.2% |
| Financial charges | 65/66B | €74 | €89 | +€15 | +20.0% |
| Recurring financial charges | 65 | €74 | €89 | +€15 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,515 | -€2,731 | -€216 | -8.6% |
| Income taxes | 67/77 | -€40 | - | +€40 | |
| Profit (loss) for the period | 9904 | -€2,475 | -€2,731 | -€256 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,475 | -€2,731 | -€256 | -10.3% |
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 18 October 2026 via checked.be.