AfriCommerce: 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.
AfriCommerce
Largest movements
- Current investments -€125,999
down €125,999 (-15.7%), from €800,000 to €674,001
- Tangible fixed assets -€31,964
down €31,964 (-30.7%), from €104,061 to €72,096
of which Furniture and vehicles: -€31,534
- Cash -€19,427
down €19,427 (-42.0%), from €46,214 to €26,788
mainly Trade debts (-€102,743) and Net result for the year (-€80,662)
- Trade debts -€102,743
down €102,743 (-72.5%), from €141,718 to €38,974
- Profit (loss) carried forward -€80,662
new in 2025: -€80,662
- Financial income -€11,039
down €11,039 (-75.9%), from €14,537 to €3,498
- Financial charges +€5,271
up €5,271 (+401%), from €1,314 to €6,585
- Staff costs -€2,313
down €2,313 (-86.8%), from €2,667 to €353
- Depreciation -€2,258
down €2,258 (-6.6%), from €34,222 to €31,964
- Gross operating margin -€969
down €969 (-2.3%), from -€41,632 to -€42,601
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 | €1,257,782 | €1,074,742 | -€183,040 | -14.6% |
| Fixed assets | 21/28 | €354,061 | €322,096 | -€31,964 | -9.0% |
| Tangible fixed assets | 22/27 | €104,061 | €72,096 | -€31,964 | -30.7% |
| Furniture and vehicles | 24 | €103,200 | €71,666 | -€31,534 | -30.6% |
| Other tangible fixed assets | 26 | €861 | €430 | -€430 | -50.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €903,721 | €752,645 | -€151,076 | -16.7% |
| Amounts receivable within one year | 40/41 | €52,884 | €49,576 | -€3,307 | -6.3% |
| Trade receivables | 40 | €32,485 | €32,234 | -€251 | -0.8% |
| Other amounts receivable | 41 | €20,398 | €17,342 | -€3,056 | -15.0% |
| Current investments | 50/53 | €800,000 | €674,001 | -€125,999 | -15.7% |
| Cash at bank and in hand | 54/58 | €46,214 | €26,788 | -€19,427 | -42.0% |
| Deferred charges and accrued income | 490/1 | €4,623 | €2,281 | -€2,343 | -50.7% |
| Total equity and liabilities | 10/49 | €1,257,782 | €1,074,742 | -€183,040 | -14.6% |
| Equity | 10/15 | €1,115,684 | €1,035,022 | -€80,662 | -7.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,054,184 | €1,054,184 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,048,034 | €1,048,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€80,662 | -€80,662 | |
| Amounts payable | 17/49 | €142,098 | €39,720 | -€102,379 | -72.0% |
| Amounts payable within one year | 42/48 | €142,098 | €39,720 | -€102,379 | -72.0% |
| Trade debts | 44 | €141,718 | €38,974 | -€102,743 | -72.5% |
| Suppliers | 440/4 | €141,718 | €38,974 | -€102,743 | -72.5% |
| Taxes, remuneration and social security | 45 | €380 | €745 | +€365 | +95.9% |
| Taxes | 450/3 | €380 | €745 | +€365 | +95.9% |
| Remuneration, social security and pensions | 62 | €2,667 | €353 | -€2,313 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,222 | €31,964 | -€2,258 | -6.6% |
| Other operating charges | 640/8 | €1,894 | €1,911 | +€17 | +0.9% |
| Gross operating margin | 9900 | -€41,632 | -€42,601 | -€969 | -2.3% |
| Operating profit (loss) | 9901 | -€80,415 | -€76,829 | +€3,585 | +4.5% |
| Financial income | 75/76B | €14,537 | €3,498 | -€11,039 | -75.9% |
| Recurring financial income | 75 | €14,537 | €3,498 | -€11,039 | -75.9% |
| Financial charges | 65/66B | €1,314 | €6,585 | +€5,271 | +401% |
| Recurring financial charges | 65 | €1,314 | €6,585 | +€5,271 | +401% |
| Profit (loss) for the period before taxes | 9903 | -€67,192 | -€79,916 | -€12,724 | -18.9% |
| Income taxes | 67/77 | €173 | €745 | +€572 | +330% |
| Profit (loss) for the period | 9904 | -€67,365 | -€80,662 | -€13,296 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,365 | -€80,662 | -€13,296 | -19.7% |
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 25 October 2026 via checked.be.