AL-AMAL: 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.
AL-AMAL
Largest movements
- Cash -€164,027
down €164,027 (-97.9%), from €167,563 to €3,536
mainly Net result for the year (-€70,587) and Receivables within one year (-€69,433)
- Receivables within one year +€69,433
up €69,433 (+356%), from €19,488 to €88,920
of which Other amounts receivable: +€69,433
- Profit (loss) carried forward -€70,587
down €70,587 (-37.6%), from €187,900 to €117,313
- Accrued charges and deferred income -€27,664
no longer reported in 2025 (was €27,664)
- Tax, wage and social debts +€4,429
up €4,429 (+37.8%), from €11,721 to €16,150
of which Remuneration and social security: +€4,429
- Trade debts +€2,549
new in 2025: €2,549
- Gross operating margin -€229,894
down €229,894 (-71.3%), from €322,638 to €92,744
- Taxes -€47,922
down €47,922 (-99.1%), from €48,376 to €454
- Staff costs +€30,611
up €30,611 (+27.4%), from €111,869 to €142,480
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 | €249,244 | €156,472 | -€92,772 | -37.2% |
| Fixed assets | 21/28 | €61,844 | €63,886 | +€2,042 | +3.3% |
| Tangible fixed assets | 22/27 | €55,494 | €57,536 | +€2,042 | +3.7% |
| Plant, machinery and equipment | 23 | - | €613 | +€613 | |
| Furniture and vehicles | 24 | €4,046 | €14,272 | +€10,226 | +253% |
| Other tangible fixed assets | 26 | €51,448 | €42,650 | -€8,797 | -17.1% |
| Financial fixed assets | 28 | €6,350 | €6,350 | = | 0.0% |
| Current assets | 29/58 | €187,400 | €92,586 | -€94,814 | -50.6% |
| Amounts receivable within one year | 40/41 | €19,488 | €88,920 | +€69,433 | +356% |
| Trade receivables | 40 | €1,663 | €1,663 | = | 0.0% |
| Other amounts receivable | 41 | €17,825 | €87,257 | +€69,433 | +390% |
| Cash at bank and in hand | 54/58 | €167,563 | €3,536 | -€164,027 | -97.9% |
| Deferred charges and accrued income | 490/1 | €350 | €130 | -€220 | -62.8% |
| Total equity and liabilities | 10/49 | €249,244 | €156,472 | -€92,772 | -37.2% |
| Equity | 10/15 | €208,360 | €137,773 | -€70,587 | -33.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €187,900 | €117,313 | -€70,587 | -37.6% |
| Amounts payable | 17/49 | €40,883 | €18,699 | -€22,184 | -54.3% |
| Amounts payable within one year | 42/48 | €13,219 | €18,699 | +€5,480 | +41.5% |
| Trade debts | 44 | - | €2,549 | +€2,549 | |
| Suppliers | 440/4 | - | €2,549 | +€2,549 | |
| Taxes, remuneration and social security | 45 | €11,721 | €16,150 | +€4,429 | +37.8% |
| Taxes | 450/3 | €442 | €442 | = | 0.0% |
| Remuneration and social security | 454/9 | €11,278 | €15,708 | +€4,429 | +39.3% |
| Other amounts payable | 47/48 | €1,499 | - | -€1,499 | |
| Accrued charges and deferred income | 492/3 | €27,664 | - | -€27,664 | |
| Non-recurring operating income | 76A | - | €29 | +€29 | |
| Remuneration, social security and pensions | 62 | €111,869 | €142,480 | +€30,611 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,800 | €13,457 | +€1,657 | +14.0% |
| Other operating charges | 640/8 | €6,310 | €6,834 | +€524 | +8.3% |
| Gross operating margin | 9900 | €322,638 | €92,744 | -€229,894 | -71.3% |
| Operating profit (loss) | 9901 | €192,659 | -€70,027 | -€262,686 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €128 | €107 | -€22 | -17.0% |
| Recurring financial charges | 65 | €128 | €107 | -€22 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €192,531 | -€70,134 | -€262,664 | |
| Income taxes | 67/77 | €48,376 | €454 | -€47,922 | -99.1% |
| Profit (loss) for the period | 9904 | €144,155 | -€70,587 | -€214,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €144,155 | -€70,587 | -€214,743 |
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 18 October 2026 via checked.be.