ADEL YAHIA CONSULT: 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.
ADEL YAHIA CONSULT
Largest movements
- Tangible fixed assets -€4.3m
down €4.3m (-31.5%), from €13.6m to €9.3m
of which Land and buildings: -€4.3m
- Stocks and contracts +€4.0m
new in 2025: €4.0m
- Receivables within one year -€1.2m
down €1.2m (-73.6%), from €1.6m to €425,414
of which Trade receivables: -€1.1m
- Current investments +€958,305
up €958,305 (+44.9%), from €2.1m to €3.1m
- Receivables after one year +€220,000
up €220,000 (+40.7%), from €540,000 to €760,000
- Short-term financial debts -€4.1m
down €4.1m (-98.8%), from €4.1m to €50,000
- Debts after one year +€3.1m
up €3.1m (+58.7%), from €5.3m to €8.5m
- Reserves +€519,089
up €519,089 (+8.9%), from €5.8m to €6.4m
of which Distributable reserves: +€519,089
- Gross operating margin -€834,127
down €834,127 (-38.7%), from €2.2m to €1.3m
- Taxes -€235,076
down €235,076 (-48.9%), from €480,553 to €245,477
- Financial charges -€56,026
down €56,026 (-16.0%), from €351,056 to €295,030
- Other operating charges -€25,711
down €25,711 (-37.5%), from €68,582 to €42,871
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 | €17,942,872 | €17,698,180 | -€244,692 | -1.4% |
| Fixed assets | 21/28 | €13,604,499 | €9,317,235 | -€4.3m | -31.5% |
| Intangible fixed assets | 21 | €14,446 | €6,690 | -€7,755 | -53.7% |
| Tangible fixed assets | 22/27 | €13,590,053 | €9,310,545 | -€4.3m | -31.5% |
| Land and buildings | 22 | €13,546,344 | €9,272,983 | -€4.3m | -31.5% |
| Plant, machinery and equipment | 23 | €13,372 | €12,140 | -€1,232 | -9.2% |
| Furniture and vehicles | 24 | €30,337 | €25,423 | -€4,915 | -16.2% |
| Current assets | 29/58 | €4,338,373 | €8,380,944 | +€4.0m | +93.2% |
| Amounts receivable after more than one year | 29 | €540,000 | €760,000 | +€220,000 | +40.7% |
| Other amounts receivable | 291 | €540,000 | €760,000 | +€220,000 | +40.7% |
| Stocks and contracts in progress | 3 | - | €4,036,338 | +€4.0m | |
| Stocks | 30/36 | - | €4,036,338 | +€4.0m | |
| Amounts receivable within one year | 40/41 | €1,612,903 | €425,414 | -€1.2m | -73.6% |
| Trade receivables | 40 | €1,477,800 | €419,988 | -€1.1m | -71.6% |
| Other amounts receivable | 41 | €135,103 | €5,426 | -€129,677 | -96.0% |
| Current investments | 50/53 | €2,135,819 | €3,094,124 | +€958,305 | +44.9% |
| Cash at bank and in hand | 54/58 | €43,945 | €58,429 | +€14,484 | +33.0% |
| Deferred charges and accrued income | 490/1 | €5,706 | €6,640 | +€934 | +16.4% |
| Total equity and liabilities | 10/49 | €17,942,872 | €17,698,180 | -€244,692 | -1.4% |
| Equity | 10/15 | €7,721,780 | €8,240,869 | +€519,089 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,836,078 | €6,355,167 | +€519,089 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,834,218 | €6,353,307 | +€519,089 | +8.9% |
| Profit (loss) carried forward | 14 | €1,867,102 | €1,867,102 | = | 0.0% |
| Amounts payable | 17/49 | €10,221,092 | €9,457,311 | -€763,781 | -7.5% |
| Amounts payable after more than one year | 17 | €5,349,953 | €8,491,377 | +€3.1m | +58.7% |
| Financial debts | 170/4 | €5,349,953 | €8,491,377 | +€3.1m | +58.7% |
| Amounts payable within one year | 42/48 | €4,841,736 | €965,934 | -€3.9m | -80.0% |
| Current portion of amounts payable after more than one year | 42 | €540,589 | €689,567 | +€148,978 | +27.6% |
| Financial debts | 43 | €4,103,489 | €50,000 | -€4.1m | -98.8% |
| Credit institutions | 430/8 | €4,103,489 | €50,000 | -€4.1m | -98.8% |
| Trade debts | 44 | €72,259 | €12,385 | -€59,874 | -82.9% |
| Suppliers | 440/4 | €72,259 | €12,385 | -€59,874 | -82.9% |
| Taxes, remuneration and social security | 45 | €125,399 | €207,608 | +€82,209 | +65.6% |
| Taxes | 450/3 | €125,399 | €207,608 | +€82,209 | +65.6% |
| Other amounts payable | 47/48 | - | €6,375 | +€6,375 | |
| Accrued charges and deferred income | 492/3 | €29,403 | - | -€29,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,053 | €294,335 | +€4,282 | +1.5% |
| Other operating charges | 640/8 | €68,582 | €42,871 | -€25,711 | -37.5% |
| Gross operating margin | 9900 | €2,156,362 | €1,322,235 | -€834,127 | -38.7% |
| Operating profit (loss) | 9901 | €1,797,727 | €985,029 | -€812,698 | -45.2% |
| Financial income | 75/76B | €76,094 | €74,566 | -€1,528 | -2.0% |
| Recurring financial income | 75 | €76,094 | €74,566 | -€1,528 | -2.0% |
| Financial charges | 65/66B | €351,056 | €295,030 | -€56,026 | -16.0% |
| Recurring financial charges | 65 | €351,056 | €295,030 | -€56,026 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €1,522,765 | €764,565 | -€758,200 | -49.8% |
| Income taxes | 67/77 | €480,553 | €245,477 | -€235,076 | -48.9% |
| Profit (loss) for the period | 9904 | €1,042,212 | €519,089 | -€523,124 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,042,212 | €519,089 | -€523,124 | -50.2% |
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 29 October 2026 via checked.be.