AFZA: 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.
AFZA
Largest movements
- Receivables within one year -€8,303
down €8,303 (-51.2%), from €16,226 to €7,923
of which Trade receivables: -€7,712
- Stocks and contracts -€5,682
down €5,682 (-16.4%), from €34,559 to €28,877
- Other debts -€14,900
down €14,900 (-37.4%), from €39,890 to €24,989
- Tax, wage and social debts -€14,178
no longer reported in 2025 (was €14,178)
- Profit (loss) carried forward +€13,842
up €13,842, from -€7,713 to €6,129
- Trade debts +€2,403
up €2,403 (+97.1%), from €2,475 to €4,878
- Advances received -€1,603
no longer reported in 2025 (was €1,603)
- Turnover +€283,351
new in 2025: €283,351
- Purchases and services +€260,169
new in 2025: €260,169
- Other operating charges -€77,307
down €77,307 (-98.1%), from €78,825 to €1,518
- Gross operating margin -€72,070
down €72,070 (-73.9%), from €97,470 to €25,400
- Staff costs +€8,722
new in 2025: €8,722
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 | €69,033 | €54,596 | -€14,437 | -20.9% |
| Current assets | 29/58 | €69,033 | €54,596 | -€14,437 | -20.9% |
| Stocks and contracts in progress | 3 | €34,559 | €28,877 | -€5,682 | -16.4% |
| Stocks | 30/36 | €34,559 | €28,877 | -€5,682 | -16.4% |
| Amounts receivable within one year | 40/41 | €16,226 | €7,923 | -€8,303 | -51.2% |
| Trade receivables | 40 | €10,957 | €3,245 | -€7,712 | -70.4% |
| Other amounts receivable | 41 | €5,269 | €4,679 | -€591 | -11.2% |
| Cash at bank and in hand | 54/58 | €18,248 | €17,796 | -€452 | -2.5% |
| Total equity and liabilities | 10/49 | €69,033 | €54,596 | -€14,437 | -20.9% |
| Equity | 10/15 | €10,887 | €24,729 | +€13,842 | +127% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€7,713 | €6,129 | +€13,842 | |
| Amounts payable | 17/49 | €58,146 | €29,867 | -€28,279 | -48.6% |
| Amounts payable within one year | 42/48 | €58,146 | €29,867 | -€28,279 | -48.6% |
| Trade debts | 44 | €2,475 | €4,878 | +€2,403 | +97.1% |
| Suppliers | 440/4 | €2,475 | €4,878 | +€2,403 | +97.1% |
| Advances received on contracts in progress | 46 | €1,603 | - | -€1,603 | |
| Taxes, remuneration and social security | 45 | €14,178 | - | -€14,178 | |
| Remuneration and social security | 454/9 | €14,178 | - | -€14,178 | |
| Other amounts payable | 47/48 | €39,890 | €24,989 | -€14,900 | -37.4% |
| Turnover | 70 | - | €283,351 | +€283,351 | |
| Non-recurring operating income | 76A | - | €2,218 | +€2,218 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €260,169 | +€260,169 | |
| Remuneration, social security and pensions | 62 | - | €8,722 | +€8,722 | |
| Other operating charges | 640/8 | €78,825 | €1,518 | -€77,307 | -98.1% |
| Gross operating margin | 9900 | €97,470 | €25,400 | -€72,070 | -73.9% |
| Operating profit (loss) | 9901 | €18,644 | €15,160 | -€3,485 | -18.7% |
| Financial charges | 65/66B | - | €1,318 | +€1,318 | |
| Recurring financial charges | 65 | - | €1,318 | +€1,318 | |
| Profit (loss) for the period before taxes | 9903 | €18,644 | €13,842 | -€4,803 | -25.8% |
| Profit (loss) for the period | 9904 | €18,644 | €13,842 | -€4,803 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,644 | €13,842 | -€4,803 | -25.8% |
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 18 October 2026 via checked.be.