AL FAROUK: 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 FAROUK
Largest movements
- Cash -€46,655
down €46,655 (-76.1%), from €61,273 to €14,618
mainly Net result for the year (-€34,200) and Investment in fixed assets (net) (-€21,845)
- Receivables within one year -€12,908
down €12,908 (-43.8%), from €29,501 to €16,593
of which Other amounts receivable: -€10,488
- Stocks and contracts +€9,116
up €9,116 (+139%), from €6,559 to €15,675
- Deferred charges and accrued income +€4,800
up €4,800 (+88.0%), from €5,456 to €10,256
- Tangible fixed assets +€4,725
up €4,725 (+12.8%), from €37,038 to €41,762
of which Furniture and vehicles: +€9,690
- Profit (loss) carried forward -€34,200
down €34,200, from €32,097 to -€2,103
- Tax, wage and social debts -€10,639
down €10,639 (-20.2%), from €52,774 to €42,135
of which Remuneration and social security: -€8,680
- Trade debts +€8,970
up €8,970 (+34.3%), from €26,180 to €35,150
- Other debts -€2,853
down €2,853 (-22.2%), from €12,853 to €10,000
- Gross operating margin -€37,792
down €37,792 (-52.6%), from €71,887 to €34,095
- Staff costs +€24,050
up €24,050 (+99.6%), from €24,148 to €48,198
- Taxes -€21,094
no longer reported in 2024 (was €21,094)
- Depreciation +€3,398
up €3,398 (+29.5%), from €11,523 to €14,921
- Other operating charges -€779
down €779 (-19.5%), from €3,984 to €3,206
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 | €143,301 | €104,579 | -€38,722 | -27.0% |
| Fixed assets | 21/28 | €40,513 | €47,437 | +€6,925 | +17.1% |
| Intangible fixed assets | 21 | €3,375 | €2,875 | -€500 | -14.8% |
| Tangible fixed assets | 22/27 | €37,038 | €41,762 | +€4,725 | +12.8% |
| Plant, machinery and equipment | 23 | €16,637 | €10,664 | -€5,973 | -35.9% |
| Furniture and vehicles | 24 | €20,401 | €30,090 | +€9,690 | +47.5% |
| Other tangible fixed assets | 26 | - | €1,008 | +€1,008 | |
| Financial fixed assets | 28 | €100 | €2,800 | +€2,700 | +2,700% |
| Current assets | 29/58 | €102,788 | €57,142 | -€45,646 | -44.4% |
| Stocks and contracts in progress | 3 | €6,559 | €15,675 | +€9,116 | +139% |
| Stocks | 30/36 | €6,559 | €15,675 | +€9,116 | +139% |
| Amounts receivable within one year | 40/41 | €29,501 | €16,593 | -€12,908 | -43.8% |
| Trade receivables | 40 | €2,420 | - | -€2,420 | |
| Other amounts receivable | 41 | €27,081 | €16,593 | -€10,488 | -38.7% |
| Cash at bank and in hand | 54/58 | €61,273 | €14,618 | -€46,655 | -76.1% |
| Deferred charges and accrued income | 490/1 | €5,456 | €10,256 | +€4,800 | +88.0% |
| Total equity and liabilities | 10/49 | €143,301 | €104,579 | -€38,722 | -27.0% |
| Equity | 10/15 | €51,494 | €17,294 | -€34,200 | -66.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €797 | €797 | = | 0.0% |
| Distributable reserves | 133 | €797 | €797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,097 | -€2,103 | -€34,200 | |
| Amounts payable | 17/49 | €91,807 | €87,285 | -€4,521 | -4.9% |
| Amounts payable within one year | 42/48 | €91,807 | €87,285 | -€4,521 | -4.9% |
| Trade debts | 44 | €26,180 | €35,150 | +€8,970 | +34.3% |
| Suppliers | 440/4 | €26,180 | €35,150 | +€8,970 | +34.3% |
| Taxes, remuneration and social security | 45 | €52,774 | €42,135 | -€10,639 | -20.2% |
| Taxes | 450/3 | €31,176 | €29,216 | -€1,959 | -6.3% |
| Remuneration and social security | 454/9 | €21,598 | €12,919 | -€8,680 | -40.2% |
| Other amounts payable | 47/48 | €12,853 | €10,000 | -€2,853 | -22.2% |
| Remuneration, social security and pensions | 62 | €24,148 | €48,198 | +€24,050 | +99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,523 | €14,921 | +€3,398 | +29.5% |
| Other operating charges | 640/8 | €3,984 | €3,206 | -€779 | -19.5% |
| Gross operating margin | 9900 | €71,887 | €34,095 | -€37,792 | -52.6% |
| Operating profit (loss) | 9901 | €32,232 | -€32,230 | -€64,462 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €2,324 | €1,971 | -€353 | -15.2% |
| Recurring financial charges | 65 | €2,324 | €1,971 | -€353 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €29,908 | -€34,200 | -€64,108 | |
| Income taxes | 67/77 | €21,094 | - | -€21,094 | |
| Profit (loss) for the period | 9904 | €8,813 | -€34,200 | -€43,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,813 | -€34,200 | -€43,014 |
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 18 October 2026 via checked.be.