DR EBA AFENE: 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.
DR EBA AFENE
Largest movements
- Current investments +€151,510
up €151,510 (+36.8%), from €411,882 to €563,392
- Cash +€101,903
up €101,903 (+21.4%), from €476,906 to €578,809
mainly Other debts (+€677,562) and Net result for the year (+€261,196)
- Tangible fixed assets +€36,905
up €36,905 (+604%), from €6,108 to €43,013
- Other debts +€677,562
up €677,562 (+3,077%), from €22,017 to €699,579
- Profit (loss) carried forward -€249,198
no longer reported in 2025 (was €249,198)
- Reserves -€148,239
down €148,239 (-15.8%), from €940,646 to €792,407
- Trade debts +€25,362
up €25,362 (+5,035%), from €504 to €25,866
- Gross operating margin +€116,407
up €116,407 (+50.1%), from €232,331 to €348,738
- Taxes +€11,259
up €11,259 (+15.7%), from €71,907 to €83,166
- Other operating charges +€3,525
up €3,525 (+238%), from €1,479 to €5,003
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 | €1,258,993 | €1,549,288 | +€290,295 | +23.1% |
| Fixed assets | 21/28 | €6,108 | €43,013 | +€36,905 | +604% |
| Tangible fixed assets | 22/27 | €6,108 | €43,013 | +€36,905 | +604% |
| Furniture and vehicles | 24 | €6,108 | €43,013 | +€36,905 | +604% |
| Current assets | 29/58 | €1,252,885 | €1,506,275 | +€253,390 | +20.2% |
| Amounts receivable within one year | 40/41 | €364,097 | €364,073 | -€24 | 0.0% |
| Other amounts receivable | 41 | €364,097 | €364,073 | -€24 | 0.0% |
| Current investments | 50/53 | €411,882 | €563,392 | +€151,510 | +36.8% |
| Cash at bank and in hand | 54/58 | €476,906 | €578,809 | +€101,903 | +21.4% |
| Total equity and liabilities | 10/49 | €1,258,993 | €1,549,288 | +€290,295 | +23.1% |
| Equity | 10/15 | €1,208,444 | €811,007 | -€397,437 | -32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €940,646 | €792,407 | -€148,239 | -15.8% |
| Distributable reserves | 133 | €940,646 | €792,407 | -€148,239 | -15.8% |
| Profit (loss) carried forward | 14 | €249,198 | - | -€249,198 | |
| Amounts payable | 17/49 | €50,549 | €738,281 | +€687,732 | +1,361% |
| Amounts payable within one year | 42/48 | €50,549 | €738,281 | +€687,732 | +1,361% |
| Trade debts | 44 | €504 | €25,866 | +€25,362 | +5,035% |
| Suppliers | 440/4 | €504 | €25,866 | +€25,362 | +5,035% |
| Taxes, remuneration and social security | 45 | €28,028 | €12,836 | -€15,192 | -54.2% |
| Taxes | 450/3 | €28,028 | €12,836 | -€15,192 | -54.2% |
| Other amounts payable | 47/48 | €22,017 | €699,579 | +€677,562 | +3,077% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,247 | €2,085 | +€838 | +67.2% |
| Other operating charges | 640/8 | €1,479 | €5,003 | +€3,525 | +238% |
| Gross operating margin | 9900 | €232,331 | €348,738 | +€116,407 | +50.1% |
| Operating profit (loss) | 9901 | €229,606 | €341,650 | +€112,044 | +48.8% |
| Financial income | 75/76B | €5,337 | €2,925 | -€2,412 | -45.2% |
| Recurring financial income | 75 | €5,337 | €2,925 | -€2,412 | -45.2% |
| Financial charges | 65/66B | €90 | €213 | +€123 | +138% |
| Recurring financial charges | 65 | €90 | €213 | +€123 | +138% |
| Profit (loss) for the period before taxes | 9903 | €234,853 | €344,362 | +€109,509 | +46.6% |
| Income taxes | 67/77 | €71,907 | €83,166 | +€11,259 | +15.7% |
| Profit (loss) for the period | 9904 | €162,946 | €261,196 | +€98,250 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €162,946 | €261,196 | +€98,250 | +60.3% |
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 29 October 2026 via checked.be.