DC-AFAM: 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
DC-AFAM
NACE 29.310, Manufacture of motor vehicles, trailers and semi-trailers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€139,688
2024 · €170,620-€310,308
Equity
€3.5m
2024 · €3.7m-€139,688
Cash
€1.4m
2024 · €1.7m-€317,577
Balance sheet total
€8.4m
2024 · €9.5m-€1.1m
Largest movements
Assets
- Stocks and contracts -€689,171
down €689,171 (-13.4%), from €5.2m to €4.5m
- Cash -€317,577
down €317,577 (-18.5%), from €1.7m to €1.4m
mainly Trade debts (-€752,221) and Accrued charges and deferred income (-€615,230)
- Intangible fixed assets -€208,703
down €208,703 (-53.3%), from €391,746 to €183,043
- Receivables within one year +€95,925
up €95,925 (+5.1%), from €1.9m to €2.0m
of which Other amounts receivable: +€376,193
Equity and liabilities
- Debts after one year +€820,398
up €820,398 (+30.2%), from €2.7m to €3.5m
- Trade debts -€752,221
down €752,221 (-44.3%), from €1.7m to €945,711
- Accrued charges and deferred income -€615,230
down €615,230 (-100.0%), from €615,230 to €0
- Other debts -€345,000
down €345,000 (-100.0%), from €345,000 to €0
- Provisions -€185,295
down €185,295 (-94.1%), from €196,856 to €11,560
Income statement
- Goods and materials -€572,883
down €572,883 (-7.4%), from €7.7m to €7.1m
of which Purchases: -€1.1m
- Turnover -€410,408
down €410,408 (-3.4%), from €12.2m to €11.8m
- Staff costs +€407,095
up €407,095 (+21.1%), from €1.9m to €2.3m
- Services and other goods +€283,982
up €283,982 (+14.4%), from €2.0m to €2.3m
- Provisions -€184,769
down €184,769 (-35126.6%), from -€526 to -€185,295
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.
Result 2024
€170,620
Turnover
-€410,408
Other operating income
+€52,677
Goods and materials
+€572,883
Services and other goods
-€283,982
Staff costs
-€407,095
Depreciation
+€35,283
Write-downs
-€76,744
Provisions
+€184,769
Other operating charges
+€8,542
Other operating items
+€74,034
Financial income
+€8,029
Financial charges
-€70,602
Taxes
+€2,305
Result 2025
-€139,688
Cash bridge derived
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
-€1.1m
Investment
-€76,897
Financing
+€820,398
Cash 2024
€1.7m
From operations (derived)
-€1.1m
Net result for the year
-€139,688
Depreciation
+€338,489
Stocks and contracts
+€689,171
Receivables within one year
-€95,925
Deferred charges and accrued income
-€32,724
Provisions
-€185,295
Trade debts
-€752,221
Tax, wage and social debts
+€77,346
Other debts
-€345,000
Accrued charges and deferred income
-€615,230
Investment (derived)
-€76,897
Investment in fixed assets (net)
-€76,897
Financing
+€820,398
Debts after one year
+€820,398
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,525,372 | €8,385,681 | -€1.1m | -12.0% |
| Fixed assets | 21/28 | €762,353 | €500,761 | -€261,592 | -34.3% |
| Intangible fixed assets | 21 | €391,746 | €183,043 | -€208,703 | -53.3% |
| Tangible fixed assets | 22/27 | €353,442 | €307,267 | -€46,175 | -13.1% |
| Plant, machinery and equipment | 23 | €25,139 | €95,942 | +€70,804 | +281.7% |
| Furniture and vehicles | 24 | €226,872 | €198,804 | -€28,068 | -12.4% |
| Other tangible fixed assets | 26 | €101,432 | €12,521 | -€88,911 | -87.7% |
| Financial fixed assets | 28 | €17,164 | €10,450 | -€6,714 | -39.1% |
| Other financial fixed assets | 284/8 | €17,164 | €10,450 | -€6,714 | -39.1% |
| Amounts receivable and cash guarantees | 285/8 | €17,164 | €10,450 | -€6,714 | -39.1% |
| Current assets | 29/58 | €8,763,019 | €7,884,921 | -€878,098 | -10.0% |
| Stocks and contracts in progress | 3 | €5,154,060 | €4,464,889 | -€689,171 | -13.4% |
| Stocks | 30/36 | €5,154,060 | €4,464,889 | -€689,171 | -13.4% |
| Goods purchased for resale | 34 | €5,127,289 | €4,446,110 | -€681,179 | -13.3% |
| Advance payments | 36 | €26,771 | €18,779 | -€7,992 | -29.9% |
| Amounts receivable within one year | 40/41 | €1,877,377 | €1,973,302 | +€95,925 | +5.1% |
| Trade receivables | 40 | €838,978 | €558,711 | -€280,267 | -33.4% |
| Other amounts receivable | 41 | €1,038,398 | €1,414,591 | +€376,193 | +36.2% |
| Cash at bank and in hand | 54/58 | €1,713,584 | €1,396,008 | -€317,577 | -18.5% |
| Deferred charges and accrued income | 490/1 | €17,998 | €50,722 | +€32,724 | +181.8% |
| Total equity and liabilities | 10/49 | €9,525,372 | €8,385,681 | -€1.1m | -12.0% |
| Equity | 10/15 | €3,668,983 | €3,529,295 | -€139,688 | -3.8% |
| Contributions | 10/11 | €380,200 | €380,200 | = | 0.0% |
| Capital | 10 | €380,200 | €380,200 | = | 0.0% |
| Issued capital | 100 | €380,200 | €380,200 | = | 0.0% |
| Reserves | 13 | €3,288,783 | €3,149,095 | -€139,688 | -4.2% |
| Non-distributable reserves | 130/1 | €38,020 | €38,020 | = | 0.0% |
| Legal reserve | 130 | €38,020 | €38,020 | = | 0.0% |
| Distributable reserves | 133 | €3,250,763 | €3,111,075 | -€139,688 | -4.3% |
| Provisions and deferred taxes | 16 | €196,856 | €11,560 | -€185,295 | -94.1% |
| Provisions for liabilities and charges | 160/5 | €196,856 | €11,560 | -€185,295 | -94.1% |
| Other liabilities and charges | 164/5 | €196,856 | €11,560 | -€185,295 | -94.1% |
| Amounts payable | 17/49 | €5,659,533 | €4,844,826 | -€814,707 | -14.4% |
| Amounts payable after more than one year | 17 | €2,720,840 | €3,541,238 | +€820,398 | +30.2% |
| Other amounts payable | 178/9 | €2,720,840 | €3,541,238 | +€820,398 | +30.2% |
| Amounts payable within one year | 42/48 | €2,323,463 | €1,303,588 | -€1.0m | -43.9% |
| Trade debts | 44 | €1,697,931 | €945,711 | -€752,221 | -44.3% |
| Suppliers | 440/4 | €1,697,931 | €945,711 | -€752,221 | -44.3% |
| Taxes, remuneration and social security | 45 | €280,531 | €357,877 | +€77,346 | +27.6% |
| Taxes | 450/3 | €55,953 | €97,354 | +€41,402 | +74.0% |
| Remuneration and social security | 454/9 | €224,579 | €260,523 | +€35,944 | +16.0% |
| Other amounts payable | 47/48 | €345,000 | €0 | -€345,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €615,230 | €0 | -€615,230 | -100.0% |
| Operating income | 70/76A | €12,649,141 | €12,347,128 | -€302,013 | -2.4% |
| Turnover | 70 | €12,220,399 | €11,809,991 | -€410,408 | -3.4% |
| Other operating income | 74 | €420,746 | €473,423 | +€52,677 | +12.5% |
| Non-recurring operating income | 76A | €7,996 | €63,714 | +€55,718 | +696.8% |
| Operating charges | 60/66A | €12,225,261 | €12,173,288 | -€51,973 | -0.4% |
| Goods for resale, raw materials and consumables | 60 | €7,699,233 | €7,126,349 | -€572,883 | -7.4% |
| Purchases | 600/8 | €7,551,287 | €6,464,054 | -€1.1m | -14.4% |
| Change in stocks: decrease (increase) | 609 | €147,946 | €662,295 | +€514,349 | +347.7% |
| Services and other goods | 61 | €1,977,080 | €2,261,062 | +€283,982 | +14.4% |
| Remuneration, social security and pensions | 62 | €1,933,478 | €2,340,573 | +€407,095 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373,772 | €338,489 | -€35,283 | -9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€52,626 | €24,118 | +€76,744 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€526 | -€185,295 | -€184,769 | -35126.6% |
| Other operating charges | 640/8 | €42,443 | €33,901 | -€8,542 | -20.1% |
| Non-recurring operating charges | 66A | €252,406 | €234,091 | -€18,315 | -7.3% |
| Operating profit (loss) | 9901 | €423,880 | €173,840 | -€250,040 | -59.0% |
| Financial income | 75/76B | €10,930 | €18,959 | +€8,029 | +73.5% |
| Recurring financial income | 75 | €10,930 | €18,959 | +€8,029 | +73.5% |
| Other financial income | 752/9 | €10,930 | €18,959 | +€8,029 | +73.5% |
| Financial charges | 65/66B | €261,885 | €332,488 | +€70,602 | +27.0% |
| Recurring financial charges | 65 | €261,885 | €332,488 | +€70,602 | +27.0% |
| Debt charges | 650 | €167,814 | €205,168 | +€37,354 | +22.3% |
| Other financial charges | 652/9 | €94,071 | €127,319 | +€33,248 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €172,925 | -€139,688 | -€312,613 | |
| Income taxes | 67/77 | €2,305 | €0 | -€2,305 | -100.0% |
| Taxes | 670/3 | €2,305 | €0 | -€2,305 | -100.0% |
| Profit (loss) for the period | 9904 | €170,620 | -€139,688 | -€310,308 | |
| Profit (loss) for the period to be appropriated | 9905 | €170,620 | -€139,688 | -€310,308 |
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 6 October 2026 via checked.be.