AL SHEMALI: 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 SHEMALI
Largest movements
- Stocks and contracts +€14,520
up €14,520 (+62.4%), from €23,287 to €37,807
- Receivables within one year -€10,107
down €10,107 (-58.0%), from €17,431 to €7,324
of which Trade receivables: -€7,164
- Cash -€4,904
down €4,904 (-75.0%), from €6,541 to €1,637
mainly Stocks and contracts (-€14,520) and Trade debts (-€6,541)
- Tangible fixed assets -€1,300
down €1,300 (-42.2%), from €3,077 to €1,777
- Trade debts -€6,541
down €6,541 (-49.5%), from €13,203 to €6,662
- Tax, wage and social debts +€5,696
up €5,696 (+35.7%), from €15,965 to €21,661
of which Taxes: +€7,977
- Other debts -€3,882
down €3,882 (-35.8%), from €10,851 to €6,969
- Profit (loss) carried forward +€2,936
up €2,936 (+926%), from €317 to €3,253
- Gross operating margin +€38,871
up €38,871 (+553%), from €7,034 to €45,905
- Staff costs +€34,441
up €34,441 (+735%), from €4,688 to €39,129
- Taxes +€1,067
up €1,067 (+253%), from €423 to €1,490
- Other operating charges +€550
up €550 (+83.2%), from €661 to €1,211
- Depreciation +€477
up €477 (+58.0%), from €823 to €1,300
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 | €50,336 | €48,545 | -€1,792 | -3.6% |
| Fixed assets | 21/28 | €3,077 | €1,777 | -€1,300 | -42.2% |
| Tangible fixed assets | 22/27 | €3,077 | €1,777 | -€1,300 | -42.2% |
| Furniture and vehicles | 24 | €3,077 | €1,777 | -€1,300 | -42.2% |
| Current assets | 29/58 | €47,259 | €46,768 | -€492 | -1.0% |
| Stocks and contracts in progress | 3 | €23,287 | €37,807 | +€14,520 | +62.4% |
| Stocks | 30/36 | €23,287 | €37,807 | +€14,520 | +62.4% |
| Amounts receivable within one year | 40/41 | €17,431 | €7,324 | -€10,107 | -58.0% |
| Trade receivables | 40 | €7,164 | - | -€7,164 | |
| Other amounts receivable | 41 | €10,267 | €7,324 | -€2,943 | -28.7% |
| Cash at bank and in hand | 54/58 | €6,541 | €1,637 | -€4,904 | -75.0% |
| Total equity and liabilities | 10/49 | €50,336 | €48,545 | -€1,792 | -3.6% |
| Equity | 10/15 | €10,317 | €13,253 | +€2,936 | +28.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €317 | €3,253 | +€2,936 | +926% |
| Amounts payable | 17/49 | €40,019 | €35,292 | -€4,727 | -11.8% |
| Amounts payable within one year | 42/48 | €40,019 | €35,292 | -€4,727 | -11.8% |
| Trade debts | 44 | €13,203 | €6,662 | -€6,541 | -49.5% |
| Suppliers | 440/4 | €13,203 | €6,662 | -€6,541 | -49.5% |
| Taxes, remuneration and social security | 45 | €15,965 | €21,661 | +€5,696 | +35.7% |
| Taxes | 450/3 | €2,764 | €10,741 | +€7,977 | +289% |
| Remuneration and social security | 454/9 | €13,201 | €10,920 | -€2,281 | -17.3% |
| Other amounts payable | 47/48 | €10,851 | €6,969 | -€3,882 | -35.8% |
| Remuneration, social security and pensions | 62 | €4,688 | €39,129 | +€34,441 | +735% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €823 | €1,300 | +€477 | +58.0% |
| Other operating charges | 640/8 | €661 | €1,211 | +€550 | +83.2% |
| Gross operating margin | 9900 | €7,034 | €45,905 | +€38,871 | +553% |
| Operating profit (loss) | 9901 | €863 | €4,265 | +€3,402 | +394% |
| Financial income | 75/76B | - | €209 | +€209 | |
| Recurring financial income | 75 | - | €209 | +€209 | |
| Financial charges | 65/66B | €123 | €49 | -€74 | -60.1% |
| Recurring financial charges | 65 | €123 | €49 | -€74 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €740 | €4,426 | +€3,686 | +498% |
| Income taxes | 67/77 | €423 | €1,490 | +€1,067 | +253% |
| Profit (loss) for the period | 9904 | €317 | €2,936 | +€2,619 | +826% |
| Profit (loss) for the period to be appropriated | 9905 | €317 | €2,936 | +€2,619 | +826% |
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 31 October 2026 via checked.be.