AL BARMAKI: 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 BARMAKI
Largest movements
- Receivables within one year +€38,366
up €38,366 (+19.9%), from €192,897 to €231,262
- Cash -€22,896
down €22,896 (-76.1%), from €30,100 to €7,204
mainly Receivables within one year (-€38,366) and Tax, wage and social debts (-€13,177)
- Intangible fixed assets -€3,445
down €3,445 (-44.5%), from €7,739 to €4,294
- Deferred charges and accrued income +€3,080
new in 2025: €3,080
- Trade debts +€31,387
up €31,387 (+326%), from €9,628 to €41,015
- Tax, wage and social debts -€13,177
down €13,177 (-18.2%), from €72,580 to €59,403
of which Taxes: -€23,116
- Staff costs +€22,173
up €22,173 (+13.3%), from €166,106 to €188,279
- Other operating charges +€11,634
up €11,634 (+293%), from €3,965 to €15,599
- Financial income +€8,467
up €8,467 (+39,056%), from €22 to €8,489
- Gross operating margin -€3,956
down €3,956 (-1.9%), from €212,396 to €208,440
- Taxes -€3,416
down €3,416 (-30.2%), from €11,301 to €7,885
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 | €237,643 | €255,035 | +€17,392 | +7.3% |
| Fixed assets | 21/28 | €10,397 | €9,239 | -€1,158 | -11.1% |
| Intangible fixed assets | 21 | €7,739 | €4,294 | -€3,445 | -44.5% |
| Tangible fixed assets | 22/27 | €1,679 | €3,967 | +€2,287 | +136% |
| Plant, machinery and equipment | 23 | €1,453 | €2,270 | +€816 | +56.2% |
| Furniture and vehicles | 24 | €226 | €1,697 | +€1,471 | +652% |
| Financial fixed assets | 28 | €979 | €979 | = | 0.0% |
| Current assets | 29/58 | €227,246 | €245,796 | +€18,550 | +8.2% |
| Stocks and contracts in progress | 3 | €1,960 | €1,960 | = | 0.0% |
| Stocks | 30/36 | €1,960 | €1,960 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €192,897 | €231,262 | +€38,366 | +19.9% |
| Other amounts receivable | 41 | €192,897 | €231,262 | +€38,366 | +19.9% |
| Current investments | 50/53 | €2,289 | €2,289 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,100 | €7,204 | -€22,896 | -76.1% |
| Deferred charges and accrued income | 490/1 | - | €3,080 | +€3,080 | |
| Total equity and liabilities | 10/49 | €237,643 | €255,035 | +€17,392 | +7.3% |
| Equity | 10/15 | €155,434 | €154,617 | -€817 | -0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,983 | €134,166 | -€817 | -0.6% |
| Amounts payable | 17/49 | €82,208 | €100,418 | +€18,209 | +22.2% |
| Amounts payable within one year | 42/48 | €82,208 | €100,418 | +€18,209 | +22.2% |
| Trade debts | 44 | €9,628 | €41,015 | +€31,387 | +326% |
| Suppliers | 440/4 | €9,628 | €41,015 | +€31,387 | +326% |
| Taxes, remuneration and social security | 45 | €72,580 | €59,403 | -€13,177 | -18.2% |
| Taxes | 450/3 | €54,053 | €30,937 | -€23,116 | -42.8% |
| Remuneration and social security | 454/9 | €18,527 | €28,466 | +€9,939 | +53.6% |
| Remuneration, social security and pensions | 62 | €166,106 | €188,279 | +€22,173 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,053 | €4,875 | -€178 | -3.5% |
| Other operating charges | 640/8 | €3,965 | €15,599 | +€11,634 | +293% |
| Gross operating margin | 9900 | €212,396 | €208,440 | -€3,956 | -1.9% |
| Operating profit (loss) | 9901 | €37,272 | -€313 | -€37,584 | |
| Financial income | 75/76B | €22 | €8,489 | +€8,467 | +39,056% |
| Recurring financial income | 75 | €22 | €8,489 | +€8,467 | +39,056% |
| Financial charges | 65/66B | €3,697 | €1,108 | -€2,588 | -70.0% |
| Recurring financial charges | 65 | €3,697 | €1,108 | -€2,588 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €33,597 | €7,068 | -€26,529 | -79.0% |
| Income taxes | 67/77 | €11,301 | €7,885 | -€3,416 | -30.2% |
| Profit (loss) for the period | 9904 | €22,296 | -€817 | -€23,113 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,296 | -€817 | -€23,113 |
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 31 October 2026 via checked.be.