BS AFWERKING: 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.
BS AFWERKING
Largest movements
- Tangible fixed assets +€225,040
up €225,040 (+48.7%), from €462,097 to €687,137
- Receivables within one year +€44,616
up €44,616 (+105%), from €42,534 to €87,150
of which Trade receivables: +€31,947
- Revaluation surpluses +€250,000
new in 2025: €250,000
- Profit (loss) carried forward +€68,569
up €68,569 (+98.6%), from -€69,563 to -€994
- Short-term financial debts -€24,544
no longer reported in 2025 (was €24,544)
- Trade debts -€16,499
down €16,499 (-51.9%), from €31,817 to €15,318
- Gross operating margin +€87,104
up €87,104 (+685%), from €12,716 to €99,821
- Other operating charges -€8,820
down €8,820 (-60.6%), from €14,556 to €5,736
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 | €504,631 | €776,780 | +€272,149 | +53.9% |
| Fixed assets | 21/28 | €462,097 | €687,137 | +€225,040 | +48.7% |
| Tangible fixed assets | 22/27 | €462,097 | €687,137 | +€225,040 | +48.7% |
| Land and buildings | 22 | €462,097 | €687,137 | +€225,040 | +48.7% |
| Current assets | 29/58 | €42,534 | €89,643 | +€47,109 | +111% |
| Amounts receivable within one year | 40/41 | €42,534 | €87,150 | +€44,616 | +105% |
| Trade receivables | 40 | €12,681 | €44,628 | +€31,947 | +252% |
| Other amounts receivable | 41 | €29,853 | €42,522 | +€12,669 | +42.4% |
| Cash at bank and in hand | 54/58 | - | €2,494 | +€2,494 | |
| Total equity and liabilities | 10/49 | €504,631 | €776,780 | +€272,149 | +53.9% |
| Equity | 10/15 | -€64,563 | €254,006 | +€318,569 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €250,000 | +€250,000 | |
| Profit (loss) carried forward | 14 | -€69,563 | -€994 | +€68,569 | +98.6% |
| Amounts payable | 17/49 | €569,194 | €522,774 | -€46,420 | -8.2% |
| Amounts payable within one year | 42/48 | €569,194 | €522,774 | -€46,420 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €450,000 | €450,000 | = | 0.0% |
| Financial debts | 43 | €24,544 | - | -€24,544 | |
| Credit institutions | 430/8 | €24,544 | - | -€24,544 | |
| Trade debts | 44 | €31,817 | €15,318 | -€16,499 | -51.9% |
| Suppliers | 440/4 | €31,817 | €15,318 | -€16,499 | -51.9% |
| Taxes, remuneration and social security | 45 | €5,834 | €5,456 | -€377 | -6.5% |
| Taxes | 450/3 | €5,834 | €5,456 | -€377 | -6.5% |
| Other amounts payable | 47/48 | €57,000 | €52,000 | -€5,000 | -8.8% |
| Non-recurring operating income | 76A | - | €19,922 | +€19,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,960 | €24,960 | = | 0.0% |
| Other operating charges | 640/8 | €14,556 | €5,736 | -€8,820 | -60.6% |
| Gross operating margin | 9900 | €12,716 | €99,821 | +€87,104 | +685% |
| Operating profit (loss) | 9901 | -€26,800 | €69,125 | +€95,925 | |
| Financial charges | 65/66B | €60 | €556 | +€496 | +827% |
| Recurring financial charges | 65 | €60 | €556 | +€496 | +827% |
| Profit (loss) for the period before taxes | 9903 | -€26,860 | €68,569 | +€95,429 | |
| Profit (loss) for the period | 9904 | -€26,860 | €68,569 | +€95,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,860 | €68,569 | +€95,429 |
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 22 October 2026 via checked.be.