AFIDES: 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.
AFIDES
Largest movements
- Receivables within one year +€13,952
up €13,952 (+102%), from €13,624 to €27,576
of which Trade receivables: +€9,203
- Tangible fixed assets +€8,706
up €8,706 (+3.9%), from €220,726 to €229,432
of which Furniture and vehicles: +€10,000
- Debts after one year +€64,503
up €64,503 (+11.6%), from €556,370 to €620,873
of which Other amounts payable: +€73,210
- Trade debts -€38,137
down €38,137 (-92.8%), from €41,083 to €2,946
- Other debts -€7,948
no longer reported in 2025 (was €7,948)
- Profit (loss) carried forward +€5,356
up €5,356 (+0.8%), from -€636,856 to -€631,500
- Tax, wage and social debts -€3,592
no longer reported in 2025 (was €3,592)
- Gross operating margin +€2,994
up €2,994 (+9.0%), from €33,334 to €36,328
- Depreciation +€937
up €937 (+5.4%), from €17,203 to €18,140
- Financial charges +€837
up €837 (+9.1%), from €9,199 to €10,036
- Other operating charges +€439
up €439 (+18.6%), from €2,357 to €2,796
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 | €234,913 | €257,315 | +€22,402 | +9.5% |
| Fixed assets | 21/28 | €220,726 | €229,432 | +€8,706 | +3.9% |
| Tangible fixed assets | 22/27 | €220,726 | €229,432 | +€8,706 | +3.9% |
| Land and buildings | 22 | €220,637 | €218,829 | -€1,808 | -0.8% |
| Plant, machinery and equipment | 23 | €89 | €603 | +€514 | +578% |
| Furniture and vehicles | 24 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €14,187 | €27,883 | +€13,696 | +96.5% |
| Amounts receivable within one year | 40/41 | €13,624 | €27,576 | +€13,952 | +102% |
| Trade receivables | 40 | €9,748 | €18,951 | +€9,203 | +94.4% |
| Other amounts receivable | 41 | €3,876 | €8,625 | +€4,749 | +123% |
| Cash at bank and in hand | 54/58 | €262 | €1 | -€261 | -99.6% |
| Deferred charges and accrued income | 490/1 | €301 | €306 | +€5 | +1.7% |
| Total equity and liabilities | 10/49 | €234,913 | €257,315 | +€22,402 | +9.5% |
| Equity | 10/15 | -€386,398 | -€381,042 | +€5,356 | +1.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €458 | €458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €458 | €458 | = | 0.0% |
| Legal reserve | 130 | €458 | €458 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€636,856 | -€631,500 | +€5,356 | +0.8% |
| Amounts payable | 17/49 | €621,311 | €638,357 | +€17,046 | +2.7% |
| Amounts payable after more than one year | 17 | €556,370 | €620,873 | +€64,503 | +11.6% |
| Financial debts | 170/4 | €228,570 | €219,863 | -€8,707 | -3.8% |
| Other amounts payable | 178/9 | €327,800 | €401,010 | +€73,210 | +22.3% |
| Amounts payable within one year | 42/48 | €61,880 | €14,679 | -€47,201 | -76.3% |
| Current portion of amounts payable after more than one year | 42 | €9,257 | €11,733 | +€2,476 | +26.7% |
| Trade debts | 44 | €41,083 | €2,946 | -€38,137 | -92.8% |
| Suppliers | 440/4 | €41,083 | €2,946 | -€38,137 | -92.8% |
| Taxes, remuneration and social security | 45 | €3,592 | - | -€3,592 | |
| Taxes | 450/3 | €3,592 | - | -€3,592 | |
| Other amounts payable | 47/48 | €7,948 | - | -€7,948 | |
| Accrued charges and deferred income | 492/3 | €3,061 | €2,805 | -€256 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,203 | €18,140 | +€937 | +5.4% |
| Other operating charges | 640/8 | €2,357 | €2,796 | +€439 | +18.6% |
| Gross operating margin | 9900 | €33,334 | €36,328 | +€2,994 | +9.0% |
| Operating profit (loss) | 9901 | €13,774 | €15,392 | +€1,618 | +11.7% |
| Financial income | 75/76B | €353 | - | -€353 | |
| Recurring financial income | 75 | €272 | - | -€272 | |
| Non-recurring financial income | 76B | €81 | - | -€81 | |
| Financial charges | 65/66B | €9,199 | €10,036 | +€837 | +9.1% |
| Recurring financial charges | 65 | €9,199 | €10,036 | +€837 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €4,928 | €5,356 | +€428 | +8.7% |
| Profit (loss) for the period | 9904 | €4,928 | €5,356 | +€428 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,928 | €5,356 | +€428 | +8.7% |
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 13 October 2026 via checked.be.