AL-NUR: 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-NUR
Largest movements
- Tangible fixed assets -€6,588
down €6,588 (-26.4%), from €24,915 to €18,327
of which Furniture and vehicles: -€6,323
- Receivables within one year -€812
down €812 (-5.5%), from €14,636 to €13,824
of which Other amounts receivable: -€767
- Debts after one year -€5,902
down €5,902 (-38.9%), from €15,187 to €9,285
- Profit (loss) carried forward -€1,920
down €1,920 (-12.0%), from €16,023 to €14,103
- Financial income +€6,580
up €6,580 (+925%), from €711 to €7,291
- Gross operating margin -€5,397
down €5,397 (-99.1%), from €5,448 to €51
- Financial charges -€846
down €846 (-36.8%), from €2,296 to €1,450
- Other operating charges -€630
down €630 (-36.5%), from €1,726 to €1,096
- Depreciation -€504
down €504 (-7.1%), from €7,092 to €6,588
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 | €57,040 | €49,310 | -€7,730 | -13.6% |
| Formation expenses | 20 | €848 | €632 | -€216 | -25.5% |
| Fixed assets | 21/28 | €24,915 | €18,327 | -€6,588 | -26.4% |
| Tangible fixed assets | 22/27 | €24,915 | €18,327 | -€6,588 | -26.4% |
| Plant, machinery and equipment | 23 | €502 | €237 | -€265 | -52.8% |
| Furniture and vehicles | 24 | €24,413 | €18,090 | -€6,323 | -25.9% |
| Current assets | 29/58 | €31,277 | €30,351 | -€926 | -3.0% |
| Amounts receivable within one year | 40/41 | €14,636 | €13,824 | -€812 | -5.5% |
| Trade receivables | 40 | €45 | - | -€45 | |
| Other amounts receivable | 41 | €14,591 | €13,824 | -€767 | -5.3% |
| Cash at bank and in hand | 54/58 | €16,641 | €16,527 | -€114 | -0.7% |
| Total equity and liabilities | 10/49 | €57,040 | €49,310 | -€7,730 | -13.6% |
| Equity | 10/15 | €34,682 | €32,762 | -€1,920 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59 | €59 | = | 0.0% |
| Distributable reserves | 133 | €59 | €59 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,023 | €14,103 | -€1,920 | -12.0% |
| Amounts payable | 17/49 | €22,358 | €16,548 | -€5,810 | -26.0% |
| Amounts payable after more than one year | 17 | €15,187 | €9,285 | -€5,902 | -38.9% |
| Financial debts | 170/4 | €15,187 | €9,285 | -€5,902 | -38.9% |
| Amounts payable within one year | 42/48 | €7,171 | €7,263 | +€92 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €5,683 | €5,903 | +€220 | +3.9% |
| Trade debts | 44 | €1,222 | €1,226 | +€4 | +0.3% |
| Suppliers | 440/4 | €1,222 | €1,226 | +€4 | +0.3% |
| Taxes, remuneration and social security | 45 | €266 | €134 | -€132 | -49.6% |
| Taxes | 450/3 | €266 | €134 | -€132 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,092 | €6,588 | -€504 | -7.1% |
| Other operating charges | 640/8 | €1,726 | €1,096 | -€630 | -36.5% |
| Gross operating margin | 9900 | €5,448 | €51 | -€5,397 | -99.1% |
| Operating profit (loss) | 9901 | -€3,370 | -€7,633 | -€4,263 | -126% |
| Financial income | 75/76B | €711 | €7,291 | +€6,580 | +925% |
| Recurring financial income | 75 | €711 | €7,291 | +€6,580 | +925% |
| Financial charges | 65/66B | €2,296 | €1,450 | -€846 | -36.8% |
| Recurring financial charges | 65 | €2,296 | €1,450 | -€846 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,955 | -€1,792 | +€3,163 | +63.8% |
| Income taxes | 67/77 | €128 | €128 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€5,083 | -€1,920 | +€3,163 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,083 | -€1,920 | +€3,163 | +62.2% |
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 29 October 2026 via checked.be.