AFRICALIA: 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.
AFRICALIA
Largest movements
- Receivables after one year -€2.5m
down €2.5m (-89.5%), from €2.8m to €291,877
- Current investments +€1.5m
new in 2025: €1.5m
- Cash -€1.2m
down €1.2m (-47.3%), from €2.6m to €1.3m
mainly Accrued charges and deferred income (-€3.1m) and Current investments (-€1.5m)
- Receivables within one year -€878,802
down €878,802 (-21.3%), from €4.1m to €3.3m
of which Other amounts receivable: -€876,105
- Accrued charges and deferred income -€3.1m
down €3.1m (-37.2%), from €8.3m to €5.2m
- Gross operating margin +€1.3m
up €1.3m (+76.0%), from €1.7m to €2.9m
- Other operating charges +€1.2m
up €1.2m (+108.3%), from €1.1m to €2.3m
- Staff costs +€64,208
up €64,208 (+11.6%), from €553,664 to €617,872
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.
Cash bridge derived
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 | €9,496,256 | €6,403,349 | -€3.1m | -32.6% |
| Fixed assets | 21/28 | €9,400 | €6,801 | -€2,599 | -27.6% |
| Intangible fixed assets | 21 | €2,820 | €2,106 | -€714 | -25.3% |
| Tangible fixed assets | 22/27 | €6,380 | €4,495 | -€1,885 | -29.5% |
| Furniture and vehicles | 24 | €6,380 | €4,495 | -€1,885 | -29.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €9,486,856 | €6,396,548 | -€3.1m | -32.6% |
| Amounts receivable after more than one year | 29 | €2,789,803 | €291,877 | -€2.5m | -89.5% |
| Other amounts receivable | 291 | €2,789,803 | €291,877 | -€2.5m | -89.5% |
| Amounts receivable within one year | 40/41 | €4,133,801 | €3,254,999 | -€878,802 | -21.3% |
| Trade receivables | 40 | €33,381 | €30,684 | -€2,697 | -8.1% |
| Other amounts receivable | 41 | €4,100,420 | €3,224,315 | -€876,105 | -21.4% |
| Current investments | 50/53 | - | €1,500,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €2,555,662 | €1,345,790 | -€1.2m | -47.3% |
| Deferred charges and accrued income | 490/1 | €7,590 | €3,882 | -€3,708 | -48.9% |
| Total equity and liabilities | 10/49 | €9,496,256 | €6,403,349 | -€3.1m | -32.6% |
| Equity | 10/15 | €296,647 | €298,240 | +€1,593 | +0.5% |
| Reserves | 13 | €138,416 | €154,468 | +€16,052 | +11.6% |
| Profit (loss) carried forward | 14 | €151,851 | €139,277 | -€12,574 | -8.3% |
| Investment grants | 15 | €6,380 | €4,495 | -€1,885 | -29.5% |
| Amounts payable | 17/49 | €9,199,609 | €6,105,109 | -€3.1m | -33.6% |
| Amounts payable within one year | 42/48 | €897,050 | €894,921 | -€2,129 | -0.2% |
| Trade debts | 44 | €82,103 | €68,383 | -€13,720 | -16.7% |
| Suppliers | 440/4 | €82,103 | €68,383 | -€13,720 | -16.7% |
| Taxes, remuneration and social security | 45 | €53,182 | €57,916 | +€4,734 | +8.9% |
| Taxes | 450/3 | €1,134 | €1,768 | +€634 | +55.9% |
| Remuneration and social security | 454/9 | €52,048 | €56,148 | +€4,100 | +7.9% |
| Accrued charges and deferred income | 492/3 | €8,302,559 | €5,210,188 | -€3.1m | -37.2% |
| Remuneration, social security and pensions | 62 | €553,664 | €617,872 | +€64,208 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,231 | €4,339 | +€1,108 | +34.3% |
| Other operating charges | 640/8 | €1,101,271 | €2,294,168 | +€1.2m | +108.3% |
| Gross operating margin | 9900 | €1,668,281 | €2,936,740 | +€1.3m | +76.0% |
| Operating profit (loss) | 9901 | €10,115 | €20,361 | +€10,246 | +101.3% |
| Financial income | 75/76B | €18,294 | €8,330 | -€9,964 | -54.5% |
| Recurring financial income | 75 | €18,294 | €8,330 | -€9,964 | -54.5% |
| Financial charges | 65/66B | €17,243 | €25,214 | +€7,971 | +46.2% |
| Recurring financial charges | 65 | €17,243 | €25,214 | +€7,971 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €11,166 | €3,477 | -€7,689 | -68.9% |
| Profit (loss) for the period | 9904 | €11,166 | €3,477 | -€7,689 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,166 | €3,477 | -€7,689 | -68.9% |
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 9 October 2026 via checked.be.