LES FRERES AFKIR: what changed
LES FRERES AFKIR
Largest movements
- Cash -€17,194
down €17,194 (-19.9%), from €86,606 to €69,412
mainly Advances received (-€11,335) and Trade debts (-€9,811)
- Tangible fixed assets +€4,436
up €4,436 (+88.9%), from €4,990 to €9,426
of which Furniture and vehicles: +€5,090
- Advances received -€11,335
down €11,335 (-31.6%), from €35,861 to €24,526
- Trade debts -€9,811
down €9,811 (-82.9%), from €11,832 to €2,022
- Profit (loss) carried forward +€8,417
up €8,417 (+25.2%), from €33,356 to €41,773
- Other debts +€4,329
new in 2025: €4,329
- Tax, wage and social debts -€3,652
down €3,652 (-60.3%), from €6,052 to €2,400
of which Taxes: -€4,443
- Turnover -€207,742
no longer reported in 2025 (was €207,742)
- Purchases and services -€164,185
no longer reported in 2025 (was €164,185)
- Gross operating margin -€30,166
down €30,166 (-69.3%), from €43,556 to €13,390
- Taxes +€3,692
new in 2025: €3,692
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,852 | €87,801 | -€12,051 | -12.1% |
| Fixed assets | 21/28 | €5,171 | €9,606 | +€4,436 | +85.8% |
| Tangible fixed assets | 22/27 | €4,990 | €9,426 | +€4,436 | +88.9% |
| Furniture and vehicles | 24 | €224 | €5,315 | +€5,090 | +2,271% |
| Other tangible fixed assets | 26 | €4,766 | €4,111 | -€655 | -13.7% |
| Financial fixed assets | 28 | €181 | €181 | = | 0.0% |
| Current assets | 29/58 | €94,681 | €78,195 | -€16,486 | -17.4% |
| Amounts receivable within one year | 40/41 | €8,075 | €8,710 | +€635 | +7.9% |
| Trade receivables | 40 | €7,855 | €8,491 | +€636 | +8.1% |
| Other amounts receivable | 41 | €221 | €220 | -€1 | -0.5% |
| Cash at bank and in hand | 54/58 | €86,606 | €69,412 | -€17,194 | -19.9% |
| Deferred charges and accrued income | 490/1 | - | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €99,852 | €87,801 | -€12,051 | -12.1% |
| Equity | 10/15 | €46,106 | €54,523 | +€8,417 | +18.3% |
| Contributions | 10/11 | €12,750 | €12,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,356 | €41,773 | +€8,417 | +25.2% |
| Amounts payable | 17/49 | €53,746 | €33,278 | -€20,468 | -38.1% |
| Amounts payable within one year | 42/48 | €53,746 | €33,278 | -€20,468 | -38.1% |
| Trade debts | 44 | €11,832 | €2,022 | -€9,811 | -82.9% |
| Suppliers | 440/4 | €11,832 | €2,022 | -€9,811 | -82.9% |
| Advances received on contracts in progress | 46 | €35,861 | €24,526 | -€11,335 | -31.6% |
| Taxes, remuneration and social security | 45 | €6,052 | €2,400 | -€3,652 | -60.3% |
| Taxes | 450/3 | €6,052 | €1,608 | -€4,443 | -73.4% |
| Remuneration and social security | 454/9 | - | €792 | +€792 | |
| Other amounts payable | 47/48 | - | €4,329 | +€4,329 | |
| Turnover | 70 | €207,742 | - | -€207,742 | |
| Goods, raw materials, services and sundry goods | 60/61 | €164,185 | - | -€164,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,133 | €926 | -€208 | -18.3% |
| Other operating charges | 640/8 | €1,017 | €236 | -€781 | -76.8% |
| Gross operating margin | 9900 | €43,556 | €13,390 | -€30,166 | -69.3% |
| Operating profit (loss) | 9901 | €41,406 | €12,228 | -€29,178 | -70.5% |
| Financial charges | 65/66B | €119 | €119 | +€0 | +0.2% |
| Recurring financial charges | 65 | €119 | €119 | +€0 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €41,287 | €12,109 | -€29,178 | -70.7% |
| Income taxes | 67/77 | - | €3,692 | +€3,692 | |
| Profit (loss) for the period | 9904 | €41,287 | €8,417 | -€32,870 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,287 | €8,417 | -€32,870 | -79.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.