AFAIRZON: 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.
AFAIRZON
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Tangible fixed assets -€40,587
down €40,587 (-3.6%), from €1.1m to €1.1m
of which Land and buildings: -€33,922
- Cash -€27,315
down €27,315 (-7.8%), from €350,557 to €323,242
mainly Current investments (-€300,000) and Deferred charges and accrued income (-€5,214)
- Reserves +€245,635
up €245,635 (+38.3%), from €641,855 to €887,490
- Gross operating margin +€61,333
up €61,333 (+19.0%), from €322,434 to €383,767
- Taxes +€42,368
up €42,368 (+56.9%), from €74,524 to €116,893
- Financial income +€5,376
up €5,376 (+26.9%), from €20,012 to €25,388
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 | €1,765,473 | €2,007,055 | +€241,581 | +13.7% |
| Fixed assets | 21/28 | €1,124,954 | €1,084,367 | -€40,587 | -3.6% |
| Tangible fixed assets | 22/27 | €1,124,954 | €1,084,367 | -€40,587 | -3.6% |
| Land and buildings | 22 | €1,110,605 | €1,076,684 | -€33,922 | -3.1% |
| Furniture and vehicles | 24 | €14,349 | €7,683 | -€6,665 | -46.5% |
| Current assets | 29/58 | €640,519 | €922,688 | +€282,168 | +44.1% |
| Amounts receivable within one year | 40/41 | €278,854 | €283,124 | +€4,270 | +1.5% |
| Trade receivables | 40 | €52,943 | €45,654 | -€7,289 | -13.8% |
| Other amounts receivable | 41 | €225,911 | €237,470 | +€11,559 | +5.1% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €350,557 | €323,242 | -€27,315 | -7.8% |
| Deferred charges and accrued income | 490/1 | €11,109 | €16,322 | +€5,214 | +46.9% |
| Total equity and liabilities | 10/49 | €1,765,473 | €2,007,055 | +€241,581 | +13.7% |
| Equity | 10/15 | €1,755,763 | €2,001,397 | +€245,635 | +14.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €641,855 | €887,490 | +€245,635 | +38.3% |
| Distributable reserves | 133 | €641,855 | €887,490 | +€245,635 | +38.3% |
| Profit (loss) carried forward | 14 | €1,095,358 | €1,095,358 | = | 0.0% |
| Amounts payable | 17/49 | €9,710 | €5,657 | -€4,053 | -41.7% |
| Amounts payable within one year | 42/48 | €9,710 | €5,657 | -€4,053 | -41.7% |
| Trade debts | 44 | €9,710 | €5,657 | -€4,053 | -41.7% |
| Suppliers | 440/4 | €9,710 | €5,657 | -€4,053 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,739 | €40,587 | +€848 | +2.1% |
| Other operating charges | 640/8 | €5,126 | €5,965 | +€839 | +16.4% |
| Gross operating margin | 9900 | €322,434 | €383,767 | +€61,333 | +19.0% |
| Operating profit (loss) | 9901 | €277,569 | €337,215 | +€59,646 | +21.5% |
| Financial income | 75/76B | €20,012 | €25,388 | +€5,376 | +26.9% |
| Recurring financial income | 75 | €20,012 | €25,388 | +€5,376 | +26.9% |
| Financial charges | 65/66B | €2,996 | €77 | -€2,919 | -97.4% |
| Recurring financial charges | 65 | €2,996 | €77 | -€2,919 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €294,586 | €362,527 | +€67,941 | +23.1% |
| Income taxes | 67/77 | €74,524 | €116,893 | +€42,368 | +56.9% |
| Profit (loss) for the period | 9904 | €220,062 | €245,635 | +€25,573 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €220,062 | €245,635 | +€25,573 | +11.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.