AR KEBAB: 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.
AR KEBAB
Largest movements
- Receivables within one year +€5,026
up €5,026 (+115.7%), from €4,342 to €9,367
of which Other amounts receivable: +€5,026
- Tangible fixed assets +€2,400
up €2,400 (+105.1%), from €2,283 to €4,683
of which Plant, machinery and equipment: +€2,400
- Stocks and contracts +€2,250
up €2,250 (+517.2%), from €435 to €2,685
- Tax, wage and social debts +€9,482
up €9,482 (+151.7%), from €6,252 to €15,734
of which Taxes: +€5,482
- Gross operating margin -€12,303
down €12,303 (-89.0%), from €13,824 to €1,521
- Taxes -€2,265
down €2,265 (-95.6%), from €2,370 to €105
- Depreciation -€1,683
down €1,683 (-73.7%), from €2,283 to €600
- Other operating charges -€1,490
down €1,490 (-77.3%), from €1,927 to €438
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 | €35,264 | €44,888 | +€9,624 | +27.3% |
| Fixed assets | 21/28 | €2,283 | €4,683 | +€2,400 | +105.1% |
| Tangible fixed assets | 22/27 | €2,283 | €4,683 | +€2,400 | +105.1% |
| Plant, machinery and equipment | 23 | - | €2,400 | +€2,400 | |
| Furniture and vehicles | 24 | €2,283 | €2,283 | = | 0.0% |
| Current assets | 29/58 | €32,981 | €40,205 | +€7,224 | +21.9% |
| Stocks and contracts in progress | 3 | €435 | €2,685 | +€2,250 | +517.2% |
| Stocks | 30/36 | €435 | €2,685 | +€2,250 | +517.2% |
| Amounts receivable within one year | 40/41 | €4,342 | €9,367 | +€5,026 | +115.7% |
| Trade receivables | 40 | €4,222 | €4,222 | = | 0.0% |
| Other amounts receivable | 41 | €120 | €5,145 | +€5,026 | +4197.7% |
| Cash at bank and in hand | 54/58 | €28,205 | €28,153 | -€52 | -0.2% |
| Total equity and liabilities | 10/49 | €35,264 | €44,888 | +€9,624 | +27.3% |
| Equity | 10/15 | €24,631 | €24,849 | +€218 | +0.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,081 | €6,299 | +€218 | +3.6% |
| Amounts payable | 17/49 | €10,633 | €20,038 | +€9,405 | +88.5% |
| Amounts payable within one year | 42/48 | €10,633 | €20,038 | +€9,405 | +88.5% |
| Trade debts | 44 | €4,381 | €4,304 | -€77 | -1.8% |
| Suppliers | 440/4 | €4,381 | €4,304 | -€77 | -1.8% |
| Taxes, remuneration and social security | 45 | €6,252 | €15,734 | +€9,482 | +151.7% |
| Taxes | 450/3 | €6,252 | €11,734 | +€5,482 | +87.7% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,283 | €600 | -€1,683 | -73.7% |
| Other operating charges | 640/8 | €1,927 | €438 | -€1,490 | -77.3% |
| Gross operating margin | 9900 | €13,824 | €1,521 | -€12,303 | -89.0% |
| Operating profit (loss) | 9901 | €9,614 | €483 | -€9,131 | -95.0% |
| Financial charges | 65/66B | €186 | €160 | -€26 | -14.0% |
| Recurring financial charges | 65 | €186 | €160 | -€26 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €9,428 | €323 | -€9,105 | -96.6% |
| Income taxes | 67/77 | €2,370 | €105 | -€2,265 | -95.6% |
| Profit (loss) for the period | 9904 | €7,058 | €218 | -€6,840 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,058 | €218 | -€6,840 | -96.9% |
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 9 October 2026 via checked.be.