AL KHEDER: 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 KHEDER
Largest movements
- Receivables within one year +€56,008
up €56,008 (+83.2%), from €67,336 to €123,344
of which Other amounts receivable: +€49,309
- Tangible fixed assets +€27,503
up €27,503 (+94.6%), from €29,074 to €56,577
- Cash -€2,949
down €2,949 (-88.3%), from €3,340 to €391
mainly Receivables within one year (-€56,008) and Investment in fixed assets (net) (-€49,500)
- Profit (loss) carried forward +€87,184
up €87,184 (+360%), from €24,242 to €111,426
- Trade debts -€12,763
down €12,763 (-25.8%), from €49,565 to €36,801
- Tax, wage and social debts +€12,251
up €12,251 (+408%), from €3,001 to €15,253
of which Remuneration and social security: +€13,678
- Other debts -€5,500
down €5,500 (-78.6%), from €7,000 to €1,500
- Financial income +€81,733
new in 2024: €81,733
of which Financial income: +€81,733
- Taxes +€25,433
new in 2024: €25,433
- Other operating charges -€23,266
down €23,266 (-80.7%), from €28,823 to €5,557
- Gross operating margin +€18,120
up €18,120 (+44.7%), from €40,511 to €58,631
- Depreciation +€13,669
up €13,669 (+164%), from €8,328 to €21,997
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 | €99,750 | €180,313 | +€80,562 | +80.8% |
| Fixed assets | 21/28 | €29,074 | €56,577 | +€27,503 | +94.6% |
| Tangible fixed assets | 22/27 | €29,074 | €56,577 | +€27,503 | +94.6% |
| Furniture and vehicles | 24 | €29,074 | €56,577 | +€27,503 | +94.6% |
| Current assets | 29/58 | €70,676 | €123,735 | +€53,059 | +75.1% |
| Amounts receivable within one year | 40/41 | €67,336 | €123,344 | +€56,008 | +83.2% |
| Trade receivables | 40 | €34,644 | €41,343 | +€6,699 | +19.3% |
| Other amounts receivable | 41 | €32,692 | €82,001 | +€49,309 | +151% |
| Cash at bank and in hand | 54/58 | €3,340 | €391 | -€2,949 | -88.3% |
| Total equity and liabilities | 10/49 | €99,750 | €180,313 | +€80,562 | +80.8% |
| Equity | 10/15 | €24,243 | €111,427 | +€87,184 | +360% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,242 | €111,426 | +€87,184 | +360% |
| Amounts payable | 17/49 | €75,508 | €68,886 | -€6,622 | -8.8% |
| Amounts payable within one year | 42/48 | €75,508 | €68,886 | -€6,622 | -8.8% |
| Trade debts | 44 | €49,565 | €36,801 | -€12,763 | -25.8% |
| Suppliers | 440/4 | €49,565 | €36,801 | -€12,763 | -25.8% |
| Advances received on contracts in progress | 46 | €15,941 | €15,332 | -€610 | -3.8% |
| Taxes, remuneration and social security | 45 | €3,001 | €15,253 | +€12,251 | +408% |
| Taxes | 450/3 | €1,680 | €253 | -€1,427 | -85.0% |
| Remuneration and social security | 454/9 | €1,322 | €15,000 | +€13,678 | +1,035% |
| Other amounts payable | 47/48 | €7,000 | €1,500 | -€5,500 | -78.6% |
| Remuneration, social security and pensions | 62 | €8,936 | -€1,322 | -€10,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,328 | €21,997 | +€13,669 | +164% |
| Other operating charges | 640/8 | €28,823 | €5,557 | -€23,266 | -80.7% |
| Gross operating margin | 9900 | €40,511 | €58,631 | +€18,120 | +44.7% |
| Operating profit (loss) | 9901 | -€5,576 | €32,398 | +€37,974 | |
| Financial income | 75/76B | - | €81,733 | +€81,733 | |
| Recurring financial income | 75 | - | €81,733 | +€81,733 | |
| Non-recurring financial income | 76B | - | €81,733 | +€81,733 | |
| Financial charges | 65/66B | €283 | €1,514 | +€1,231 | +434% |
| Recurring financial charges | 65 | €283 | €1,514 | +€1,231 | +434% |
| Profit (loss) for the period before taxes | 9903 | -€5,859 | €112,617 | +€118,477 | |
| Income taxes | 67/77 | - | €25,433 | +€25,433 | |
| Profit (loss) for the period | 9904 | -€5,859 | €87,184 | +€93,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,859 | €87,184 | +€93,043 |
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 23 October 2026 via checked.be.