AL ASSAF: 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 ASSAF
Largest movements
- Receivables within one year +€29,758
up €29,758 (+125%), from €23,856 to €53,615
of which Other amounts receivable: +€18,417
- Cash -€11,877
down €11,877 (-98.0%), from €12,119 to €243
mainly Receivables within one year (-€29,758) and Investment in fixed assets (net) (-€8,200)
- Tangible fixed assets +€1,355
up €1,355 (+15.1%), from €8,984 to €10,339
- Intangible fixed assets +€1,044
new in 2024: €1,044
- Trade debts +€12,210
new in 2024: €12,210
- Profit (loss) carried forward +€10,926
up €10,926 (+45.3%), from €24,102 to €35,028
- Tax, wage and social debts -€2,580
down €2,580 (-13.0%), from €19,787 to €17,207
of which Remuneration and social security: -€2,721
- Gross operating margin -€21,557
down €21,557 (-24.1%), from €89,320 to €67,763
- Staff costs -€5,770
down €5,770 (-10.3%), from €56,140 to €50,371
- Taxes -€3,700
down €3,700 (-97.5%), from €3,795 to €95
- Depreciation +€1,235
up €1,235 (+27.0%), from €4,566 to €5,801
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,389 | €65,946 | +€20,556 | +45.3% |
| Fixed assets | 21/28 | €9,062 | €11,461 | +€2,399 | +26.5% |
| Intangible fixed assets | 21 | - | €1,044 | +€1,044 | |
| Tangible fixed assets | 22/27 | €8,984 | €10,339 | +€1,355 | +15.1% |
| Furniture and vehicles | 24 | €8,984 | €10,339 | +€1,355 | +15.1% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €36,328 | €54,485 | +€18,157 | +50.0% |
| Amounts receivable within one year | 40/41 | €23,856 | €53,615 | +€29,758 | +125% |
| Trade receivables | 40 | €4,119 | €15,460 | +€11,341 | +275% |
| Other amounts receivable | 41 | €19,737 | €38,154 | +€18,417 | +93.3% |
| Cash at bank and in hand | 54/58 | €12,119 | €243 | -€11,877 | -98.0% |
| Deferred charges and accrued income | 490/1 | €352 | €627 | +€275 | +78.1% |
| Total equity and liabilities | 10/49 | €45,389 | €65,946 | +€20,556 | +45.3% |
| Equity | 10/15 | €25,602 | €36,528 | +€10,926 | +42.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,102 | €35,028 | +€10,926 | +45.3% |
| Amounts payable | 17/49 | €19,787 | €29,418 | +€9,630 | +48.7% |
| Amounts payable within one year | 42/48 | €19,787 | €29,418 | +€9,630 | +48.7% |
| Trade debts | 44 | - | €12,210 | +€12,210 | |
| Suppliers | 440/4 | - | €12,210 | +€12,210 | |
| Taxes, remuneration and social security | 45 | €19,787 | €17,207 | -€2,580 | -13.0% |
| Taxes | 450/3 | €3,815 | €3,956 | +€141 | +3.7% |
| Remuneration and social security | 454/9 | €15,972 | €13,251 | -€2,721 | -17.0% |
| Remuneration, social security and pensions | 62 | €56,140 | €50,371 | -€5,770 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,566 | €5,801 | +€1,235 | +27.0% |
| Other operating charges | 640/8 | €521 | €497 | -€24 | -4.6% |
| Gross operating margin | 9900 | €89,320 | €67,763 | -€21,557 | -24.1% |
| Operating profit (loss) | 9901 | €28,093 | €11,094 | -€16,998 | -60.5% |
| Financial income | 75/76B | €188 | €28 | -€160 | -85.3% |
| Recurring financial income | 75 | €188 | €28 | -€160 | -85.3% |
| Financial charges | 65/66B | €779 | €101 | -€679 | -87.1% |
| Recurring financial charges | 65 | €779 | €101 | -€679 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €27,502 | €11,021 | -€16,480 | -59.9% |
| Income taxes | 67/77 | €3,795 | €95 | -€3,700 | -97.5% |
| Profit (loss) for the period | 9904 | €23,706 | €10,926 | -€12,780 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,706 | €10,926 | -€12,780 | -53.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.