Don Afonso: 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.
Don Afonso
Largest movements
- Cash -€7,617
down €7,617 (-53.6%), from €14,202 to €6,585
mainly Net result for the year (-€20,020) and Current investments (-€2,000)
- Current investments +€2,000
new in 2025: €2,000
- Tangible fixed assets +€687
up €687 (+65.3%), from €1,053 to €1,740
- Stocks and contracts -€603
down €603 (-33.0%), from €1,829 to €1,226
- Receivables within one year -€251
down €251 (-66.7%), from €376 to €125
- Profit (loss) carried forward -€20,020
down €20,020, from €145 to -€19,875
- Tax, wage and social debts +€12,159
up €12,159 (+657.6%), from €1,849 to €14,008
of which Remuneration and social security: +€10,770
- Trade debts +€3,379
up €3,379, from €0 to €3,379
- Other debts -€1,225
down €1,225 (-11.3%), from €10,866 to €9,641
- Gross operating margin -€19,719
down €19,719, from €3,790 to -€15,929
- Other operating charges +€490
up €490 (+22.6%), from €2,172 to €2,662
- Financial income +€259
up €259 (+43823.7%), from €1 to €259
- Financial charges +€219
up €219 (+20.1%), from €1,091 to €1,310
- Taxes -€160
no longer reported in 2025 (was €160)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,859 | €12,152 | -€5,707 | -32.0% |
| Fixed assets | 21/28 | €1,453 | €2,140 | +€687 | +47.3% |
| Tangible fixed assets | 22/27 | €1,053 | €1,740 | +€687 | +65.3% |
| Plant, machinery and equipment | 23 | €1,053 | €1,740 | +€687 | +65.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €16,407 | €10,012 | -€6,394 | -39.0% |
| Stocks and contracts in progress | 3 | €1,829 | €1,226 | -€603 | -33.0% |
| Stocks | 30/36 | €1,829 | €1,226 | -€603 | -33.0% |
| Amounts receivable within one year | 40/41 | €376 | €125 | -€251 | -66.7% |
| Trade receivables | 40 | €376 | €125 | -€251 | -66.7% |
| Current investments | 50/53 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €14,202 | €6,585 | -€7,617 | -53.6% |
| Deferred charges and accrued income | 490/1 | - | €76 | +€76 | |
| Total equity and liabilities | 10/49 | €17,859 | €12,152 | -€5,707 | -32.0% |
| Equity | 10/15 | €5,145 | -€14,875 | -€20,020 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145 | -€19,875 | -€20,020 | |
| Amounts payable | 17/49 | €12,715 | €27,027 | +€14,313 | +112.6% |
| Amounts payable within one year | 42/48 | €12,715 | €27,027 | +€14,313 | +112.6% |
| Trade debts | 44 | €0 | €3,379 | +€3,379 | |
| Suppliers | 440/4 | €0 | €3,379 | +€3,379 | |
| Taxes, remuneration and social security | 45 | €1,849 | €14,008 | +€12,159 | +657.6% |
| Taxes | 450/3 | €1,849 | €3,238 | +€1,389 | +75.1% |
| Remuneration and social security | 454/9 | - | €10,770 | +€10,770 | |
| Other amounts payable | 47/48 | €10,866 | €9,641 | -€1,225 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | €378 | +€155 | +69.3% |
| Other operating charges | 640/8 | €2,172 | €2,662 | +€490 | +22.6% |
| Gross operating margin | 9900 | €3,790 | -€15,929 | -€19,719 | |
| Operating profit (loss) | 9901 | €1,395 | -€18,969 | -€20,364 | |
| Financial income | 75/76B | €1 | €259 | +€259 | +43823.7% |
| Recurring financial income | 75 | €1 | €259 | +€259 | +43823.7% |
| Financial charges | 65/66B | €1,091 | €1,310 | +€219 | +20.1% |
| Recurring financial charges | 65 | €1,091 | €1,310 | +€219 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €304 | -€20,020 | -€20,324 | |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | €145 | -€20,020 | -€20,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €145 | -€20,020 | -€20,165 |
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 12 October 2026 via checked.be.