African Queen: 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 Queen
Largest movements
- Receivables after one year +€7,828
new in 2025: €7,828
- Cash -€973
no longer reported in 2025 (was €973)
mainly Receivables after one year (-€7,828) and Other debts (-€5,562)
- Receivables within one year -€148
no longer reported in 2025 (was €148)
- Debts after one year +€11,875
new in 2025: €11,875
of which Advances received on contracts in progress: +€10,567
- Other debts -€5,562
down €5,562 (-92.9%), from €5,986 to €424
- Trade debts -€3,512
no longer reported in 2025 (was €3,512)
- Profit (loss) carried forward +€3,176
up €3,176 (+32.2%), from -€9,877 to -€6,701
- Tax, wage and social debts +€670
new in 2025: €670
- Gross operating margin +€9,872
up €9,872, from -€6,652 to €3,221
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 | €1,121 | €7,828 | +€6,708 | +599% |
| Current assets | 29/58 | €1,121 | €7,828 | +€6,708 | +599% |
| Amounts receivable after more than one year | 29 | - | €7,828 | +€7,828 | |
| Other amounts receivable | 291 | - | €7,828 | +€7,828 | |
| Amounts receivable within one year | 40/41 | €148 | - | -€148 | |
| Other amounts receivable | 41 | €148 | - | -€148 | |
| Cash at bank and in hand | 54/58 | €973 | - | -€973 | |
| Total equity and liabilities | 10/49 | €1,121 | €7,828 | +€6,708 | +599% |
| Equity | 10/15 | -€8,377 | -€5,201 | +€3,176 | +37.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,877 | -€6,701 | +€3,176 | +32.2% |
| Amounts payable | 17/49 | €9,497 | €13,030 | +€3,532 | +37.2% |
| Amounts payable after more than one year | 17 | - | €11,875 | +€11,875 | |
| Trade debts | 175 | - | €1,309 | +€1,309 | |
| Advances received on contracts in progress | 176 | - | €10,567 | +€10,567 | |
| Amounts payable within one year | 42/48 | €9,497 | €1,154 | -€8,343 | -87.8% |
| Financial debts | 43 | - | €60 | +€60 | |
| Credit institutions | 430/8 | - | €60 | +€60 | |
| Trade debts | 44 | €3,512 | - | -€3,512 | |
| Suppliers | 440/4 | €3,512 | - | -€3,512 | |
| Taxes, remuneration and social security | 45 | - | €670 | +€670 | |
| Taxes | 450/3 | - | €670 | +€670 | |
| Other amounts payable | 47/48 | €5,986 | €424 | -€5,562 | -92.9% |
| Gross operating margin | 9900 | -€6,652 | €3,221 | +€9,872 | |
| Operating profit (loss) | 9901 | -€6,652 | €3,221 | +€9,872 | |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | -€6,652 | €3,176 | +€9,827 | |
| Profit (loss) for the period | 9904 | -€6,652 | €3,176 | +€9,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,652 | €3,176 | +€9,827 |
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 15 October 2026 via checked.be.