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AIAF: 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.

What changed

AIAF

BE 0474.314.261
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,286
2024 · €9,745-€2,459
Equity
€94,969
2024 · €87,683+€7,286
Cash
€94,422
2024 · €18,952+€75,471
Balance sheet total
€95,322
2024 · €88,952+€6,371

Largest movements

2024 to 2025
Assets
  • Cash +€75,471

    up €75,471 (+398.2%), from €18,952 to €94,422

    mainly Current investments (+€70,000) and Net result for the year (+€7,286)

  • Current investments -€70,000

    no longer reported in 2025 (was €70,000)

Equity and liabilities
  • Profit (loss) carried forward +€7,286

    up €7,286 (+8.3%), from €87,683 to €94,969

Income statement
  • Gross operating margin -€2,151

    down €2,151 (-24.9%), from €8,638 to €6,488

  • Taxes +€263

    new in 2025: €263

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €9,745
Gross operating margin -€2,151
Financial income +€13
Financial charges -€59
Taxes -€263
Result 2025 €7,286

Cash bridge derived

cash 2024 to 2025

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.

From operations +€5,471
Investment +€70,000
Financing €0
Cash 2024 €18,952
Net result for the year +€7,286
Deferred charges and accrued income -€900
Trade debts -€916
Current investments +€70,000
Cash 2025 €94,422
Every line side by side 22 lines
Line Code 2024 2025 Change %
Total assets 20/58 €88,952 €95,322 +€6,371 +7.2%
Current assets 29/58 €88,952 €95,322 +€6,371 +7.2%
Current investments 50/53 €70,000 - -€70,000
Cash at bank and in hand 54/58 €18,952 €94,422 +€75,471 +398.2%
Deferred charges and accrued income 490/1 - €900 +€900
Total equity and liabilities 10/49 €88,952 €95,322 +€6,371 +7.2%
Equity 10/15 €87,683 €94,969 +€7,286 +8.3%
Profit (loss) carried forward 14 €87,683 €94,969 +€7,286 +8.3%
Amounts payable 17/49 €1,269 €353 -€916 -72.2%
Amounts payable within one year 42/48 €1,269 €353 -€916 -72.2%
Trade debts 44 €1,269 €353 -€916 -72.2%
Suppliers 440/4 €1,269 €353 -€916 -72.2%
Gross operating margin 9900 €8,638 €6,488 -€2,151 -24.9%
Operating profit (loss) 9901 €8,638 €6,488 -€2,151 -24.9%
Financial income 75/76B €1,260 €1,274 +€13 +1.1%
Recurring financial income 75 €1,260 €1,274 +€13 +1.1%
Financial charges 65/66B €153 €213 +€59 +38.8%
Recurring financial charges 65 €153 €213 +€59 +38.8%
Profit (loss) for the period before taxes 9903 €9,745 €7,549 -€2,197 -22.5%
Income taxes 67/77 - €263 +€263
Profit (loss) for the period 9904 €9,745 €7,286 -€2,459 -25.2%
Profit (loss) for the period to be appropriated 9905 €9,745 €7,286 -€2,459 -25.2%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.