THE AFRICAN CONNECTION: what changed
What changed
THE AFRICAN CONNECTION
NACE 47.791, Retail sale of antiques
filed annual accounts (NBB)
Net result for the year
-€30,639
2024 · €101-€30,741
Equity
€3,381
2024 · €34,021-€30,639
Cash
€2,792
2024 · €13,994-€11,203
Balance sheet total
€205,965
2024 · €230,649-€24,684
Largest movements
Assets
- Stocks and contracts -€12,362
down €12,362 (-6.1%), from €202,316 to €189,954
- Cash -€11,203
down €11,203 (-80.1%), from €13,994 to €2,792
mainly Net result for the year (-€30,639) and Other debts (-€1,029)
Equity and liabilities
- Profit (loss) carried forward -€30,639
down €30,639, from €13,561 to -€17,079
- Trade debts +€3,806
up €3,806 (+32,444%), from €12 to €3,817
- Accrued charges and deferred income +€3,024
new in 2025: €3,024
Income statement
- Gross operating margin -€30,450
down €30,450, from €2,454 to -€27,996
- Other operating charges +€539
up €539 (+61.6%), from €874 to €1,413
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€101
Gross operating margin
-€30,450
Depreciation
+€171
Other operating charges
-€539
Financial income
-€0
Financial charges
+€78
Result 2025
-€30,639
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€11,203
Investment
€0
Financing
€0
Cash 2024
€13,994
From operations (derived)
-€11,203
Net result for the year
-€30,639
Depreciation
+€893
Stocks and contracts
+€12,362
Receivables within one year
-€618
Deferred charges and accrued income
+€844
Trade debts
+€3,806
Tax, wage and social debts
+€155
Other debts
-€1,029
Accrued charges and deferred income
+€3,024
Cash 2025
€2,792
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,649 | €205,965 | -€24,684 | -10.7% |
| Fixed assets | 21/28 | €2,290 | €1,398 | -€893 | -39.0% |
| Tangible fixed assets | 22/27 | €2,290 | €1,398 | -€893 | -39.0% |
| Land and buildings | 22 | €1,833 | €1,384 | -€449 | -24.5% |
| Furniture and vehicles | 24 | €457 | €13 | -€444 | -97.1% |
| Current assets | 29/58 | €228,359 | €204,567 | -€23,791 | -10.4% |
| Stocks and contracts in progress | 3 | €202,316 | €189,954 | -€12,362 | -6.1% |
| Stocks | 30/36 | €202,316 | €189,954 | -€12,362 | -6.1% |
| Amounts receivable within one year | 40/41 | €10,019 | €10,636 | +€618 | +6.2% |
| Trade receivables | 40 | €10,019 | €10,636 | +€618 | +6.2% |
| Cash at bank and in hand | 54/58 | €13,994 | €2,792 | -€11,203 | -80.1% |
| Deferred charges and accrued income | 490/1 | €2,030 | €1,186 | -€844 | -41.6% |
| Total equity and liabilities | 10/49 | €230,649 | €205,965 | -€24,684 | -10.7% |
| Equity | 10/15 | €34,021 | €3,381 | -€30,639 | -90.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,561 | -€17,079 | -€30,639 | |
| Amounts payable | 17/49 | €196,628 | €202,584 | +€5,955 | +3.0% |
| Amounts payable within one year | 42/48 | €196,628 | €199,560 | +€2,932 | +1.5% |
| Trade debts | 44 | €12 | €3,817 | +€3,806 | +32,444% |
| Suppliers | 440/4 | €12 | €3,817 | +€3,806 | +32,444% |
| Taxes, remuneration and social security | 45 | €1,350 | €1,505 | +€155 | +11.5% |
| Taxes | 450/3 | €1,350 | €1,505 | +€155 | +11.5% |
| Other amounts payable | 47/48 | €195,267 | €194,238 | -€1,029 | -0.5% |
| Accrued charges and deferred income | 492/3 | - | €3,024 | +€3,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063 | €893 | -€171 | -16.1% |
| Other operating charges | 640/8 | €874 | €1,413 | +€539 | +61.6% |
| Gross operating margin | 9900 | €2,454 | -€27,996 | -€30,450 | |
| Operating profit (loss) | 9901 | €517 | -€30,301 | -€30,818 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €416 | €338 | -€78 | -18.7% |
| Recurring financial charges | 65 | €416 | €338 | -€78 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €101 | -€30,639 | -€30,741 | |
| Profit (loss) for the period | 9904 | €101 | -€30,639 | -€30,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €101 | -€30,639 | -€30,741 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.