AFRICAN WORLD: 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 WORLD
Largest movements
- Cash +€11,114
up €11,114 (+424%), from €2,622 to €13,737
mainly Tax, wage and social debts (+€14,011) and Debts after one year (+€9,500)
- Stocks and contracts +€6,585
up €6,585 (+14.2%), from €46,403 to €52,987
- Financial fixed assets +€2,220
new in 2025: €2,220
- Tax, wage and social debts +€14,011
up €14,011 (+140%), from €10,022 to €24,032
of which Taxes: +€7,741
- Debts after one year +€9,500
new in 2025: €9,500
- Other debts -€6,619
down €6,619 (-82.7%), from €8,000 to €1,381
- Trade debts +€2,798
up €2,798 (+54.6%), from €5,126 to €7,923
- Purchases and services +€76,691
up €76,691 (+29.4%), from €261,146 to €337,836
- Turnover +€64,572
up €64,572 (+21.9%), from €294,242 to €358,815
- Staff costs +€41,243
up €41,243 (+1,224%), from €3,370 to €44,613
- Taxes -€8,568
down €8,568 (-99.3%), from €8,626 to €58
- Gross operating margin +€8,410
up €8,410 (+22.1%), from €38,063 to €46,473
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 | €49,025 | €68,944 | +€19,919 | +40.6% |
| Fixed assets | 21/28 | - | €2,220 | +€2,220 | |
| Financial fixed assets | 28 | - | €2,220 | +€2,220 | |
| Current assets | 29/58 | €49,025 | €66,724 | +€17,699 | +36.1% |
| Stocks and contracts in progress | 3 | €46,403 | €52,987 | +€6,585 | +14.2% |
| Stocks | 30/36 | €46,403 | €52,987 | +€6,585 | +14.2% |
| Cash at bank and in hand | 54/58 | €2,622 | €13,737 | +€11,114 | +424% |
| Total equity and liabilities | 10/49 | €49,025 | €68,944 | +€19,919 | +40.6% |
| Equity | 10/15 | €25,878 | €26,108 | +€230 | +0.9% |
| Profit (loss) carried forward | 14 | €25,878 | €26,108 | +€230 | +0.9% |
| Amounts payable | 17/49 | €23,148 | €42,836 | +€19,689 | +85.1% |
| Amounts payable after more than one year | 17 | - | €9,500 | +€9,500 | |
| Other amounts payable | 178/9 | - | €9,500 | +€9,500 | |
| Amounts payable within one year | 42/48 | €23,148 | €33,336 | +€10,189 | +44.0% |
| Trade debts | 44 | €5,126 | €7,923 | +€2,798 | +54.6% |
| Suppliers | 440/4 | €5,126 | €7,923 | +€2,798 | +54.6% |
| Taxes, remuneration and social security | 45 | €10,022 | €24,032 | +€14,011 | +140% |
| Taxes | 450/3 | €8,811 | €16,552 | +€7,741 | +87.9% |
| Remuneration and social security | 454/9 | €1,211 | €7,480 | +€6,269 | +518% |
| Other amounts payable | 47/48 | €8,000 | €1,381 | -€6,619 | -82.7% |
| Turnover | 70 | €294,242 | €358,815 | +€64,572 | +21.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €261,146 | €337,836 | +€76,691 | +29.4% |
| Remuneration, social security and pensions | 62 | €3,370 | €44,613 | +€41,243 | +1,224% |
| Other operating charges | 640/8 | €132 | €1,500 | +€1,368 | +1,032% |
| Gross operating margin | 9900 | €38,063 | €46,473 | +€8,410 | +22.1% |
| Operating profit (loss) | 9901 | €34,561 | €360 | -€34,200 | -99.0% |
| Financial charges | 65/66B | €57 | €72 | +€15 | +26.3% |
| Recurring financial charges | 65 | €57 | €72 | +€15 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €34,503 | €288 | -€34,215 | -99.2% |
| Income taxes | 67/77 | €8,626 | €58 | -€8,568 | -99.3% |
| Profit (loss) for the period | 9904 | €25,878 | €230 | -€25,647 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,878 | €230 | -€25,647 | -99.1% |
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 28 October 2026 via checked.be.