AL BAQI: 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 BAQI
Largest movements
- Stocks and contracts +€14,500
up €14,500 (+580%), from €2,500 to €17,000
- Cash -€10,159
down €10,159 (-32.9%), from €30,873 to €20,714
mainly Stocks and contracts (-€14,500) and Net result for the year (-€2,757)
- Receivables within one year -€4,992
down €4,992 (-47.8%), from €10,434 to €5,442
of which Trade receivables: -€5,572
- Profit (loss) carried forward -€2,757
down €2,757 (-11.4%), from €24,095 to €21,338
- Trade debts +€2,012
up €2,012 (+283%), from €711 to €2,723
- Gross operating margin +€2,830
up €2,830, from -€2,605 to €226
- Financial charges +€80
up €80 (+20.5%), from €388 to €468
- Other operating charges -€39
down €39 (-3.2%), from €1,222 to €1,183
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 | €45,177 | €44,432 | -€745 | -1.6% |
| Fixed assets | 21/28 | €1,050 | €1,050 | = | 0.0% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €44,127 | €43,382 | -€745 | -1.7% |
| Stocks and contracts in progress | 3 | €2,500 | €17,000 | +€14,500 | +580% |
| Stocks | 30/36 | €2,500 | €17,000 | +€14,500 | +580% |
| Amounts receivable within one year | 40/41 | €10,434 | €5,442 | -€4,992 | -47.8% |
| Trade receivables | 40 | €6,214 | €641 | -€5,572 | -89.7% |
| Other amounts receivable | 41 | €4,220 | €4,801 | +€580 | +13.8% |
| Cash at bank and in hand | 54/58 | €30,873 | €20,714 | -€10,159 | -32.9% |
| Deferred charges and accrued income | 490/1 | €320 | €225 | -€94 | -29.5% |
| Total equity and liabilities | 10/49 | €45,177 | €44,432 | -€745 | -1.6% |
| Equity | 10/15 | €42,784 | €40,027 | -€2,757 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89 | €89 | = | 0.0% |
| Non-distributable reserves | 130/1 | €89 | €89 | = | 0.0% |
| Reserves not available under the articles | 1311 | €89 | €89 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,095 | €21,338 | -€2,757 | -11.4% |
| Amounts payable | 17/49 | €2,393 | €4,405 | +€2,012 | +84.1% |
| Amounts payable within one year | 42/48 | €2,393 | €4,405 | +€2,012 | +84.1% |
| Trade debts | 44 | €711 | €2,723 | +€2,012 | +283% |
| Suppliers | 440/4 | €711 | €2,723 | +€2,012 | +283% |
| Taxes, remuneration and social security | 45 | €1,682 | €1,682 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,682 | €1,682 | = | 0.0% |
| Other operating charges | 640/8 | €1,222 | €1,183 | -€39 | -3.2% |
| Gross operating margin | 9900 | -€2,605 | €226 | +€2,830 | |
| Operating profit (loss) | 9901 | -€3,827 | -€958 | +€2,869 | +75.0% |
| Financial charges | 65/66B | €388 | €468 | +€80 | +20.5% |
| Recurring financial charges | 65 | €388 | €468 | +€80 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,215 | -€1,425 | +€2,790 | +66.2% |
| Income taxes | 67/77 | €1,320 | €1,332 | +€11 | +0.9% |
| Profit (loss) for the period | 9904 | -€5,535 | -€2,757 | +€2,778 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,535 | -€2,757 | +€2,778 | +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 22 October 2026 via checked.be.