AL NAKHIL: 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 NAKHIL
Largest movements
- Receivables within one year +€92,312
up €92,312 (+3,157%), from €2,924 to €95,235
of which Trade receivables: +€92,858
- Tangible fixed assets +€15,023
up €15,023 (+1,091%), from €1,377 to €16,400
- Stocks and contracts -€7,597
no longer reported in 2025 (was €7,597)
- Trade debts +€92,754
up €92,754 (+3,339%), from €2,778 to €95,532
- Profit (loss) carried forward -€20,804
down €20,804, from €3,904 to -€16,900
- Other debts +€14,362
up €14,362 (+2,548%), from €564 to €14,926
- Tax, wage and social debts +€13,600
up €13,600 (+1,187%), from €1,145 to €14,745
- Gross operating margin -€17,571
down €17,571, from €2,570 to -€15,001
- Depreciation +€2,723
up €2,723 (+198%), from €1,377 to €4,100
- Taxes -€242
no longer reported in 2025 (was €242)
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,391 | €113,304 | +€99,912 | +746% |
| Fixed assets | 21/28 | €1,377 | €16,400 | +€15,023 | +1,091% |
| Tangible fixed assets | 22/27 | €1,377 | €16,400 | +€15,023 | +1,091% |
| Furniture and vehicles | 24 | €1,377 | €16,400 | +€15,023 | +1,091% |
| Current assets | 29/58 | €12,014 | €96,904 | +€84,890 | +707% |
| Stocks and contracts in progress | 3 | €7,597 | - | -€7,597 | |
| Stocks | 30/36 | €7,597 | - | -€7,597 | |
| Amounts receivable within one year | 40/41 | €2,924 | €95,235 | +€92,312 | +3,157% |
| Trade receivables | 40 | €2,377 | €95,235 | +€92,858 | +3,906% |
| Other amounts receivable | 41 | €546 | - | -€546 | |
| Cash at bank and in hand | 54/58 | €1,494 | €1,668 | +€175 | +11.7% |
| Total equity and liabilities | 10/49 | €13,391 | €113,304 | +€99,912 | +746% |
| Equity | 10/15 | €8,904 | -€11,900 | -€20,804 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,904 | -€16,900 | -€20,804 | |
| Amounts payable | 17/49 | €4,487 | €125,203 | +€120,716 | +2,690% |
| Amounts payable within one year | 42/48 | €4,487 | €125,203 | +€120,716 | +2,690% |
| Trade debts | 44 | €2,778 | €95,532 | +€92,754 | +3,339% |
| Suppliers | 440/4 | €2,778 | €95,532 | +€92,754 | +3,339% |
| Taxes, remuneration and social security | 45 | €1,145 | €14,745 | +€13,600 | +1,187% |
| Taxes | 450/3 | €1,145 | €14,745 | +€13,600 | +1,187% |
| Other amounts payable | 47/48 | €564 | €14,926 | +€14,362 | +2,548% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,377 | €4,100 | +€2,723 | +198% |
| Other operating charges | 640/8 | €150 | €132 | -€18 | -11.8% |
| Gross operating margin | 9900 | €2,570 | -€15,001 | -€17,571 | |
| Operating profit (loss) | 9901 | €1,042 | -€19,234 | -€20,276 | |
| Financial charges | 65/66B | €226 | €372 | +€146 | +64.8% |
| Recurring financial charges | 65 | €226 | €372 | +€146 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €817 | -€19,605 | -€20,422 | |
| Income taxes | 67/77 | €242 | - | -€242 | |
| Profit (loss) for the period | 9904 | €575 | -€19,605 | -€20,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €575 | -€19,605 | -€20,181 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.