AFRICAN NOMAD: 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.
AFRICAN NOMAD
Largest movements
- Stocks and contracts -€2,909
down €2,909 (-26.5%), from €10,968 to €8,059
- Cash -€2,030
down €2,030 (-85.4%), from €2,378 to €348
mainly Net result for the year (-€8,578) and Investment in fixed assets (net) (-€43)
- Tangible fixed assets -€1,915
down €1,915 (-27.8%), from €6,879 to €4,963
- Profit (loss) carried forward -€8,578
down €8,578 (-410%), from -€2,095 to -€10,673
- Other debts +€1,392
up €1,392 (+21.6%), from €6,432 to €7,824
- Gross operating margin -€9,961
down €9,961, from €4,017 to -€5,944
- Other operating charges +€520
new in 2025: €520
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 | €20,621 | €13,571 | -€7,050 | -34.2% |
| Fixed assets | 21/28 | €7,037 | €5,164 | -€1,872 | -26.6% |
| Tangible fixed assets | 22/27 | €6,879 | €4,963 | -€1,915 | -27.8% |
| Plant, machinery and equipment | 23 | €6,879 | €4,963 | -€1,915 | -27.8% |
| Financial fixed assets | 28 | €158 | €201 | +€43 | +27.2% |
| Current assets | 29/58 | €13,584 | €8,407 | -€5,177 | -38.1% |
| Stocks and contracts in progress | 3 | €10,968 | €8,059 | -€2,909 | -26.5% |
| Stocks | 30/36 | €10,968 | €8,059 | -€2,909 | -26.5% |
| Amounts receivable within one year | 40/41 | €149 | - | -€149 | |
| Other amounts receivable | 41 | €149 | - | -€149 | |
| Cash at bank and in hand | 54/58 | €2,378 | €348 | -€2,030 | -85.4% |
| Deferred charges and accrued income | 490/1 | €89 | - | -€89 | |
| Total equity and liabilities | 10/49 | €20,621 | €13,571 | -€7,050 | -34.2% |
| Equity | 10/15 | €12,905 | €4,327 | -€8,578 | -66.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,095 | -€10,673 | -€8,578 | -410% |
| Amounts payable | 17/49 | €7,716 | €9,244 | +€1,529 | +19.8% |
| Amounts payable within one year | 42/48 | €7,716 | €9,244 | +€1,529 | +19.8% |
| Trade debts | 44 | €244 | €337 | +€93 | +38.0% |
| Suppliers | 440/4 | €244 | €337 | +€93 | +38.0% |
| Taxes, remuneration and social security | 45 | €1,040 | €1,083 | +€44 | +4.2% |
| Taxes | 450/3 | €1,040 | €1,083 | +€44 | +4.2% |
| Other amounts payable | 47/48 | €6,432 | €7,824 | +€1,392 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,915 | €1,915 | = | 0.0% |
| Other operating charges | 640/8 | - | €520 | +€520 | |
| Gross operating margin | 9900 | €4,017 | -€5,944 | -€9,961 | |
| Operating profit (loss) | 9901 | €2,102 | -€8,379 | -€10,481 | |
| Financial charges | 65/66B | €153 | €199 | +€46 | +29.9% |
| Recurring financial charges | 65 | €153 | €199 | +€46 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €1,949 | -€8,578 | -€10,527 | |
| Profit (loss) for the period | 9904 | €1,949 | -€8,578 | -€10,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,949 | -€8,578 | -€10,527 |
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 23 October 2026 via checked.be.