Afriwise: 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.
Afriwise
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+227%), from €712,795 to €2.3m
of which Other amounts receivable: +€1.3m
- Intangible fixed assets +€517,766
up €517,766 (+59.9%), from €864,085 to €1.4m
- Cash -€509,741
down €509,741 (-23.1%), from €2.2m to €1.7m
mainly Receivables within one year (-€1.6m) and Investment in fixed assets (net) (-€1.1m)
- Financial fixed assets +€200,005
up €200,005 (+200%), from €100,000 to €300,005
- Contributions +€1.5m
up €1.5m (+26.5%), from €5.7m to €7.2m
of which Capital: +€1.5m
- Profit (loss) carried forward -€901,798
down €901,798 (-21.2%), from -€4.2m to -€5.1m
- Trade debts +€596,823
up €596,823 (+556%), from €107,294 to €704,117
- Accrued charges and deferred income +€569,763
up €569,763 (+113%), from €504,230 to €1.1m
- Current portion of long-term debt +€86,041
up €86,041 (+32.2%), from €267,224 to €353,266
- Depreciation +€162,141
up €162,141 (+89.1%), from €182,006 to €344,147
- Financial charges +€117,964
up €117,964 (+121%), from €97,733 to €215,697
- Staff costs +€45,187
up €45,187 (+124%), from €36,581 to €81,768
- Gross operating margin +€31,450
up €31,450 (+9.7%), from -€323,360 to -€291,909
- Financial income -€3,369
down €3,369 (-9.1%), from €36,925 to €33,555
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,884,269 | €5,726,544 | +€1.8m | +47.4% |
| Fixed assets | 21/28 | €965,199 | €1,691,409 | +€726,210 | +75.2% |
| Intangible fixed assets | 21 | €864,085 | €1,381,852 | +€517,766 | +59.9% |
| Tangible fixed assets | 22/27 | €1,114 | €9,552 | +€8,439 | +758% |
| Furniture and vehicles | 24 | €1,114 | €9,552 | +€8,439 | +758% |
| Financial fixed assets | 28 | €100,000 | €300,005 | +€200,005 | +200% |
| Current assets | 29/58 | €2,919,070 | €4,035,135 | +€1.1m | +38.2% |
| Amounts receivable within one year | 40/41 | €712,795 | €2,334,233 | +€1.6m | +227% |
| Trade receivables | 40 | €390,841 | €732,091 | +€341,250 | +87.3% |
| Other amounts receivable | 41 | €321,954 | €1,602,142 | +€1.3m | +398% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,202,344 | €1,692,603 | -€509,741 | -23.1% |
| Deferred charges and accrued income | 490/1 | €3,931 | €8,299 | +€4,368 | +111% |
| Total equity and liabilities | 10/49 | €3,884,269 | €5,726,544 | +€1.8m | +47.4% |
| Equity | 10/15 | €1,401,853 | €2,000,055 | +€598,202 | +42.7% |
| Contributions | 10/11 | €5,650,000 | €7,150,000 | +€1.5m | +26.5% |
| Capital | 10 | €4,562,575 | €6,062,575 | +€1.5m | +32.9% |
| Issued capital | 100 | €4,562,575 | €6,062,575 | +€1.5m | +32.9% |
| Contributions outside capital | 11 | €1,087,425 | €1,087,425 | = | 0.0% |
| Share premium | 1100/10 | €1,087,425 | €1,087,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,248,147 | -€5,149,945 | -€901,798 | -21.2% |
| Amounts payable | 17/49 | €2,482,417 | €3,726,489 | +€1.2m | +50.1% |
| Amounts payable after more than one year | 17 | €1,534,755 | €1,581,489 | +€46,734 | +3.0% |
| Financial debts | 170/4 | €1,534,755 | €1,581,489 | +€46,734 | +3.0% |
| Amounts payable within one year | 42/48 | €443,432 | €1,071,007 | +€627,575 | +142% |
| Current portion of amounts payable after more than one year | 42 | €267,224 | €353,266 | +€86,041 | +32.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €107,294 | €704,117 | +€596,823 | +556% |
| Suppliers | 440/4 | €107,294 | €704,117 | +€596,823 | +556% |
| Taxes, remuneration and social security | 45 | €68,914 | €13,624 | -€55,290 | -80.2% |
| Taxes | 450/3 | €60,271 | €3,403 | -€56,868 | -94.4% |
| Remuneration and social security | 454/9 | €8,642 | €10,221 | +€1,578 | +18.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €504,230 | €1,073,993 | +€569,763 | +113% |
| Remuneration, social security and pensions | 62 | €36,581 | €81,768 | +€45,187 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,006 | €344,147 | +€162,141 | +89.1% |
| Other operating charges | 640/8 | €2,230 | €1,632 | -€598 | -26.8% |
| Gross operating margin | 9900 | -€323,360 | -€291,909 | +€31,450 | +9.7% |
| Operating profit (loss) | 9901 | -€544,176 | -€719,455 | -€175,279 | -32.2% |
| Financial income | 75/76B | €36,925 | €33,555 | -€3,369 | -9.1% |
| Recurring financial income | 75 | €36,925 | €33,555 | -€3,369 | -9.1% |
| Financial charges | 65/66B | €97,733 | €215,697 | +€117,964 | +121% |
| Recurring financial charges | 65 | €97,733 | €215,697 | +€117,964 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€604,984 | -€901,597 | -€296,613 | -49.0% |
| Income taxes | 67/77 | €97 | €200 | +€103 | +107% |
| Profit (loss) for the period | 9904 | -€605,081 | -€901,798 | -€296,716 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€605,081 | -€901,798 | -€296,716 | -49.0% |
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 14 October 2026 via checked.be.