AL HAMIDINE: 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 HAMIDINE
Largest movements
- Stocks and contracts +€38,150
up €38,150 (+210%), from €18,134 to €56,284
- Receivables within one year +€33,762
up €33,762 (+72.1%), from €46,797 to €80,558
of which Trade receivables: +€24,424
- Cash +€21,340
up €21,340 (+288%), from €7,409 to €28,750
mainly Net result for the year (+€42,232) and Trade debts (+€34,553)
- Profit (loss) carried forward +€42,232
up €42,232 (+453%), from €9,322 to €51,554
- Trade debts +€34,553
up €34,553 (+95.5%), from €36,184 to €70,737
- Advances received +€22,698
new in 2025: €22,698
- Other debts -€12,109
down €12,109 (-87.7%), from €13,802 to €1,693
- Tax, wage and social debts +€4,757
up €4,757 (+83.2%), from €5,716 to €10,473
of which Taxes: +€4,062
- Purchases and services +€60,363
up €60,363 (+18.3%), from €330,038 to €390,401
- Staff costs +€13,805
up €13,805 (+77.0%), from €17,938 to €31,742
- Gross operating margin -€10,632
down €10,632 (-11.3%), from €93,846 to €83,214
- Depreciation -€3,529
down €3,529 (-69.2%), from €5,101 to €1,572
- Other operating charges +€2,276
up €2,276 (+37.3%), from €6,105 to €8,381
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 | €83,623 | €175,754 | +€92,131 | +110% |
| Fixed assets | 21/28 | €11,283 | €9,711 | -€1,572 | -13.9% |
| Tangible fixed assets | 22/27 | €4,383 | €2,811 | -€1,572 | -35.9% |
| Plant, machinery and equipment | 23 | €2,383 | €1,811 | -€572 | -24.0% |
| Furniture and vehicles | 24 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Financial fixed assets | 28 | €6,900 | €6,900 | = | 0.0% |
| Current assets | 29/58 | €72,340 | €166,043 | +€93,703 | +130% |
| Stocks and contracts in progress | 3 | €18,134 | €56,284 | +€38,150 | +210% |
| Stocks | 30/36 | €18,134 | €56,284 | +€38,150 | +210% |
| Amounts receivable within one year | 40/41 | €46,797 | €80,558 | +€33,762 | +72.1% |
| Trade receivables | 40 | €46,482 | €70,905 | +€24,424 | +52.5% |
| Other amounts receivable | 41 | €315 | €9,653 | +€9,338 | +2,967% |
| Cash at bank and in hand | 54/58 | €7,409 | €28,750 | +€21,340 | +288% |
| Deferred charges and accrued income | 490/1 | - | €451 | +€451 | |
| Total equity and liabilities | 10/49 | €83,623 | €175,754 | +€92,131 | +110% |
| Equity | 10/15 | €27,922 | €70,154 | +€42,232 | +151% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,322 | €51,554 | +€42,232 | +453% |
| Amounts payable | 17/49 | €55,702 | €105,600 | +€49,899 | +89.6% |
| Amounts payable within one year | 42/48 | €55,702 | €105,600 | +€49,899 | +89.6% |
| Trade debts | 44 | €36,184 | €70,737 | +€34,553 | +95.5% |
| Suppliers | 440/4 | €36,184 | €70,737 | +€34,553 | +95.5% |
| Advances received on contracts in progress | 46 | - | €22,698 | +€22,698 | |
| Taxes, remuneration and social security | 45 | €5,716 | €10,473 | +€4,757 | +83.2% |
| Taxes | 450/3 | €3,842 | €7,904 | +€4,062 | +106% |
| Remuneration and social security | 454/9 | €1,874 | €2,569 | +€696 | +37.1% |
| Other amounts payable | 47/48 | €13,802 | €1,693 | -€12,109 | -87.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €330,038 | €390,401 | +€60,363 | +18.3% |
| Remuneration, social security and pensions | 62 | €17,938 | €31,742 | +€13,805 | +77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,101 | €1,572 | -€3,529 | -69.2% |
| Other operating charges | 640/8 | €6,105 | €8,381 | +€2,276 | +37.3% |
| Gross operating margin | 9900 | €93,846 | €83,214 | -€10,632 | -11.3% |
| Operating profit (loss) | 9901 | €64,702 | €41,518 | -€23,185 | -35.8% |
| Financial income | 75/76B | - | €850 | +€850 | |
| Recurring financial income | 75 | - | €850 | +€850 | |
| Financial charges | 65/66B | €356 | €136 | -€219 | -61.7% |
| Recurring financial charges | 65 | €356 | €136 | -€219 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €64,347 | €42,232 | -€22,115 | -34.4% |
| Profit (loss) for the period | 9904 | €64,347 | €42,232 | -€22,115 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,347 | €42,232 | -€22,115 | -34.4% |
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 13 October 2026 via checked.be.