AL-QUDS: 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-QUDS
Largest movements
- Tangible fixed assets -€600
down €600 (-46.7%), from €1,285 to €685
- Receivables within one year +€322
up €322 (+71.2%), from €451 to €773
of which Trade receivables: +€319
- Cash -€282
down €282 (-3.5%), from €8,159 to €7,877
mainly Other debts (-€1,776) and Advances received (-€1,025)
- Other debts -€1,776
down €1,776 (-22.5%), from €7,898 to €6,122
- Trade debts +€1,552
up €1,552 (+692.9%), from €224 to €1,776
- Advances received -€1,025
down €1,025 (-100.0%), from €1,025 to €0
- Tax, wage and social debts +€446
up €446 (+42.6%), from €1,046 to €1,492
- Profit (loss) carried forward +€334
up €334 (+2.9%), from -€11,659 to -€11,326
- Other operating charges -€3,828
down €3,828 (-87.9%), from €4,356 to €528
- Gross operating margin -€3,735
down €3,735 (-64.3%), from €5,809 to €2,074
- Financial charges -€65
down €65 (-9.6%), from €680 to €615
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.
Cash bridge derived
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 | €13,603 | €13,133 | -€470 | -3.5% |
| Fixed assets | 21/28 | €1,285 | €685 | -€600 | -46.7% |
| Tangible fixed assets | 22/27 | €1,285 | €685 | -€600 | -46.7% |
| Plant, machinery and equipment | 23 | €1,285 | €685 | -€600 | -46.7% |
| Current assets | 29/58 | €12,318 | €12,448 | +€130 | +1.1% |
| Stocks and contracts in progress | 3 | €3,708 | €3,798 | +€90 | +2.4% |
| Stocks | 30/36 | €3,708 | €3,798 | +€90 | +2.4% |
| Amounts receivable within one year | 40/41 | €451 | €773 | +€322 | +71.2% |
| Trade receivables | 40 | €226 | €545 | +€319 | +141.5% |
| Other amounts receivable | 41 | €226 | €228 | +€3 | +1.1% |
| Cash at bank and in hand | 54/58 | €8,159 | €7,877 | -€282 | -3.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €13,603 | €13,133 | -€470 | -3.5% |
| Equity | 10/15 | €3,410 | €3,744 | +€334 | +9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,669 | €2,669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,669 | €2,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,659 | -€11,326 | +€334 | +2.9% |
| Amounts payable | 17/49 | €10,193 | €9,390 | -€804 | -7.9% |
| Amounts payable within one year | 42/48 | €10,193 | €9,390 | -€804 | -7.9% |
| Trade debts | 44 | €224 | €1,776 | +€1,552 | +692.9% |
| Suppliers | 440/4 | €224 | €1,776 | +€1,552 | +692.9% |
| Advances received on contracts in progress | 46 | €1,025 | €0 | -€1,025 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,046 | €1,492 | +€446 | +42.6% |
| Taxes | 450/3 | €1,046 | €1,492 | +€446 | +42.6% |
| Other amounts payable | 47/48 | €7,898 | €6,122 | -€1,776 | -22.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €600 | = | 0.0% |
| Other operating charges | 640/8 | €4,356 | €528 | -€3,828 | -87.9% |
| Gross operating margin | 9900 | €5,809 | €2,074 | -€3,735 | -64.3% |
| Operating profit (loss) | 9901 | €853 | €947 | +€93 | +10.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €680 | €615 | -€65 | -9.6% |
| Recurring financial charges | 65 | €680 | €615 | -€65 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €173 | €334 | +€160 | +92.4% |
| Profit (loss) for the period | 9904 | €173 | €334 | +€160 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €173 | €334 | +€160 | +92.4% |
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 11 October 2026 via checked.be.