ALRAHA: what changed
Two fiscal 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.
ALRAHA
Largest movements
- Receivables within one year -€69,613
down €69,613 (-75.6%), from €92,113 to €22,500
of which Trade receivables: -€63,917
- Cash +€37,778
up €37,778 (+64511.6%), from €59 to €37,837
mainly Receivables within one year (+€69,613) and Depreciation (+€14,596)
- Receivables after one year +€32,000
up €32,000 (+31.6%), from €101,372 to €133,372
- Tangible fixed assets -€14,596
down €14,596 (-50.2%), from €29,047 to €14,451
- Trade debts -€20,882
down €20,882 (-24.5%), from €85,109 to €64,228
- Short-term financial debts -€12,974
no longer reported in 2024 (was €12,974)
- Profit (loss) carried forward +€12,074
up €12,074 (+13.0%), from €93,161 to €105,235
- Tax, wage and social debts +€9,264
up €9,264 (+78.2%), from €11,839 to €21,103
of which Remuneration and social security: +€7,870
- Other debts -€6,000
no longer reported in 2024 (was €6,000)
- Staff costs +€110,908
up €110,908 (+380.8%), from €29,123 to €140,032
- Gross operating margin +€96,481
up €96,481 (+128.5%), from €75,107 to €171,588
- Depreciation +€6,137
up €6,137 (+72.6%), from €8,458 to €14,596
- Other operating charges -€4,595
down €4,595 (-64.0%), from €7,175 to €2,580
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.
Cash bridge derived
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 | €449,535 | €431,017 | -€18,518 | -4.1% |
| Fixed assets | 21/28 | €250,795 | €236,200 | -€14,596 | -5.8% |
| Intangible fixed assets | 21 | €220,000 | €220,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €29,047 | €14,451 | -€14,596 | -50.2% |
| Furniture and vehicles | 24 | €29,047 | €14,451 | -€14,596 | -50.2% |
| Financial fixed assets | 28 | €1,749 | €1,749 | = | 0.0% |
| Current assets | 29/58 | €198,739 | €194,818 | -€3,922 | -2.0% |
| Amounts receivable after more than one year | 29 | €101,372 | €133,372 | +€32,000 | +31.6% |
| Other amounts receivable | 291 | €101,372 | €133,372 | +€32,000 | +31.6% |
| Amounts receivable within one year | 40/41 | €92,113 | €22,500 | -€69,613 | -75.6% |
| Trade receivables | 40 | €86,417 | €22,500 | -€63,917 | -74.0% |
| Other amounts receivable | 41 | €5,696 | - | -€5,696 | |
| Cash at bank and in hand | 54/58 | €59 | €37,837 | +€37,778 | +64511.6% |
| Deferred charges and accrued income | 490/1 | €5,195 | €1,109 | -€4,087 | -78.7% |
| Total equity and liabilities | 10/49 | €449,535 | €431,017 | -€18,518 | -4.1% |
| Equity | 10/15 | €333,613 | €345,687 | +€12,074 | +3.6% |
| Contributions | 10/11 | €18,593 | €18,593 | = | 0.0% |
| Revaluation surpluses | 12 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,161 | €105,235 | +€12,074 | +13.0% |
| Amounts payable | 17/49 | €115,922 | €85,330 | -€30,592 | -26.4% |
| Amounts payable within one year | 42/48 | €115,922 | €85,330 | -€30,592 | -26.4% |
| Financial debts | 43 | €12,974 | - | -€12,974 | |
| Other loans | 439 | €12,974 | - | -€12,974 | |
| Trade debts | 44 | €85,109 | €64,228 | -€20,882 | -24.5% |
| Suppliers | 440/4 | €85,109 | €64,228 | -€20,882 | -24.5% |
| Taxes, remuneration and social security | 45 | €11,839 | €21,103 | +€9,264 | +78.2% |
| Taxes | 450/3 | €1,675 | €3,069 | +€1,394 | +83.2% |
| Remuneration and social security | 454/9 | €10,164 | €18,033 | +€7,870 | +77.4% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €29,123 | €140,032 | +€110,908 | +380.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,458 | €14,596 | +€6,137 | +72.6% |
| Other operating charges | 640/8 | €7,175 | €2,580 | -€4,595 | -64.0% |
| Gross operating margin | 9900 | €75,107 | €171,588 | +€96,481 | +128.5% |
| Operating profit (loss) | 9901 | €30,350 | €14,380 | -€15,970 | -52.6% |
| Financial charges | 65/66B | €2,240 | €2,306 | +€65 | +2.9% |
| Recurring financial charges | 65 | €2,240 | €2,306 | +€65 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €28,109 | €12,074 | -€16,035 | -57.0% |
| Income taxes | 67/77 | €73 | - | -€73 | |
| Profit (loss) for the period | 9904 | €28,036 | €12,074 | -€15,962 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,036 | €12,074 | -€15,962 | -56.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.