Alshaer Group: 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.
Alshaer Group
Largest movements
- Receivables within one year +€14,164
up €14,164 (+599%), from €2,363 to €16,527
of which Trade receivables: +€14,826
- Tangible fixed assets -€8,609
down €8,609 (-71.9%), from €11,968 to €3,359
of which Furniture and vehicles: -€5,250
- Trade debts +€10,054
up €10,054 (+406%), from €2,479 to €12,533
- Other debts -€2,051
down €2,051 (-34.2%), from €6,000 to €3,949
- Profit (loss) carried forward -€1,724
down €1,724 (-72.3%), from €2,384 to €660
- Tax, wage and social debts -€721
down €721 (-24.3%), from €2,969 to €2,248
of which Taxes: -€432
- Turnover -€26,439
no longer reported in 2025 (was €26,439)
- Purchases and services -€13,149
no longer reported in 2025 (was €13,149)
- Gross operating margin -€6,209
down €6,209 (-46.7%), from €13,291 to €7,082
- Other operating charges +€3,720
up €3,720 (+394%), from €943 to €4,664
- Staff costs -€2,607
down €2,607 (-79.8%), from €3,265 to €659
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 | €14,331 | €19,889 | +€5,558 | +38.8% |
| Fixed assets | 21/28 | €11,968 | €3,359 | -€8,609 | -71.9% |
| Tangible fixed assets | 22/27 | €11,968 | €3,359 | -€8,609 | -71.9% |
| Plant, machinery and equipment | 23 | €6,718 | €3,359 | -€3,359 | -50.0% |
| Furniture and vehicles | 24 | €5,250 | - | -€5,250 | |
| Current assets | 29/58 | €2,363 | €16,530 | +€14,167 | +599% |
| Amounts receivable within one year | 40/41 | €2,363 | €16,527 | +€14,164 | +599% |
| Trade receivables | 40 | €1,340 | €16,166 | +€14,826 | +1,106% |
| Other amounts receivable | 41 | €1,023 | €361 | -€662 | -64.7% |
| Cash at bank and in hand | 54/58 | - | €3 | +€3 | |
| Total equity and liabilities | 10/49 | €14,331 | €19,889 | +€5,558 | +38.8% |
| Equity | 10/15 | €2,884 | €1,160 | -€1,724 | -59.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,384 | €660 | -€1,724 | -72.3% |
| Amounts payable | 17/49 | €11,447 | €18,730 | +€7,282 | +63.6% |
| Amounts payable within one year | 42/48 | €11,447 | €18,730 | +€7,282 | +63.6% |
| Trade debts | 44 | €2,479 | €12,533 | +€10,054 | +406% |
| Suppliers | 440/4 | €2,479 | €12,533 | +€10,054 | +406% |
| Taxes, remuneration and social security | 45 | €2,969 | €2,248 | -€721 | -24.3% |
| Taxes | 450/3 | €963 | €531 | -€432 | -44.9% |
| Remuneration and social security | 454/9 | €2,006 | €1,717 | -€288 | -14.4% |
| Other amounts payable | 47/48 | €6,000 | €3,949 | -€2,051 | -34.2% |
| Turnover | 70 | €26,439 | - | -€26,439 | |
| Goods, raw materials, services and sundry goods | 60/61 | €13,149 | - | -€13,149 | |
| Remuneration, social security and pensions | 62 | €3,265 | €659 | -€2,607 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,859 | €3,359 | -€2,500 | -42.7% |
| Other operating charges | 640/8 | €943 | €4,664 | +€3,720 | +394% |
| Gross operating margin | 9900 | €13,291 | €7,082 | -€6,209 | -46.7% |
| Operating profit (loss) | 9901 | €3,223 | -€1,599 | -€4,823 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €243 | €191 | -€52 | -21.5% |
| Recurring financial charges | 65 | €243 | €191 | -€52 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €2,980 | -€1,790 | -€4,770 | |
| Income taxes | 67/77 | €596 | -€65 | -€661 | |
| Profit (loss) for the period | 9904 | €2,384 | -€1,724 | -€4,108 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,384 | -€1,724 | -€4,108 |
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.