AL-QAYM: 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-QAYM
Largest movements
- Cash +€91,903
up €91,903 (+524%), from €17,531 to €109,433
mainly Stocks and contracts (+€61,737) and Trade debts (+€57,302)
- Stocks and contracts -€61,737
down €61,737 (-38.6%), from €159,868 to €98,131
- Receivables within one year -€12,143
down €12,143 (-27.2%), from €44,633 to €32,491
of which Trade receivables: -€13,517
- Tangible fixed assets +€8,326
up €8,326 (+2,173%), from €383 to €8,709
- Trade debts +€57,302
up €57,302 (+88.1%), from €65,044 to €122,346
- Profit (loss) carried forward -€22,427
down €22,427 (-19.4%), from €115,402 to €92,975
- Tax, wage and social debts -€7,527
down €7,527 (-99.7%), from €7,547 to €20
of which Remuneration and social security: -€7,500
- Gross operating margin -€39,008
down €39,008, from €21,325 to -€17,683
- Taxes -€5,623
no longer reported in 2025 (was €5,623)
- Other operating charges -€2,012
down €2,012 (-33.6%), from €5,987 to €3,975
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 | €228,440 | €255,789 | +€27,349 | +12.0% |
| Fixed assets | 21/28 | €6,408 | €15,734 | +€9,326 | +146% |
| Tangible fixed assets | 22/27 | €383 | €8,709 | +€8,326 | +2,173% |
| Furniture and vehicles | 24 | €383 | €8,709 | +€8,326 | +2,173% |
| Financial fixed assets | 28 | €6,025 | €7,025 | +€1,000 | +16.6% |
| Current assets | 29/58 | €222,032 | €240,055 | +€18,023 | +8.1% |
| Stocks and contracts in progress | 3 | €159,868 | €98,131 | -€61,737 | -38.6% |
| Stocks | 30/36 | €159,868 | €98,131 | -€61,737 | -38.6% |
| Amounts receivable within one year | 40/41 | €44,633 | €32,491 | -€12,143 | -27.2% |
| Trade receivables | 40 | €44,363 | €30,846 | -€13,517 | -30.5% |
| Other amounts receivable | 41 | €270 | €1,644 | +€1,374 | +508% |
| Cash at bank and in hand | 54/58 | €17,531 | €109,433 | +€91,903 | +524% |
| Total equity and liabilities | 10/49 | €228,440 | €255,789 | +€27,349 | +12.0% |
| Equity | 10/15 | €135,862 | €113,435 | -€22,427 | -16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,402 | €92,975 | -€22,427 | -19.4% |
| Amounts payable | 17/49 | €92,579 | €142,354 | +€49,776 | +53.8% |
| Amounts payable within one year | 42/48 | €92,579 | €142,354 | +€49,776 | +53.8% |
| Trade debts | 44 | €65,044 | €122,346 | +€57,302 | +88.1% |
| Suppliers | 440/4 | €65,044 | €122,346 | +€57,302 | +88.1% |
| Taxes, remuneration and social security | 45 | €7,547 | €20 | -€7,527 | -99.7% |
| Taxes | 450/3 | €47 | €20 | -€27 | -56.6% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €19,988 | €19,988 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480 | €682 | +€203 | +42.2% |
| Other operating charges | 640/8 | €5,987 | €3,975 | -€2,012 | -33.6% |
| Gross operating margin | 9900 | €21,325 | -€17,683 | -€39,008 | |
| Operating profit (loss) | 9901 | €14,858 | -€22,341 | -€37,198 | |
| Financial charges | 65/66B | €64 | €86 | +€23 | +36.0% |
| Recurring financial charges | 65 | €64 | €86 | +€23 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €14,794 | -€22,427 | -€37,221 | |
| Income taxes | 67/77 | €5,623 | - | -€5,623 | |
| Profit (loss) for the period | 9904 | €9,172 | -€22,427 | -€31,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,172 | -€22,427 | -€31,599 |
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 24 October 2026 via checked.be.