CHERIF KAYA: what changed
CHERIF KAYA
Largest movements
- Cash -€68,446
down €68,446 (-88.7%), from €77,179 to €8,732
mainly Other debts (-€36,000) and Receivables within one year (-€35,178)
- Receivables within one year +€35,178
up €35,178 (+97.7%), from €36,006 to €71,184
- Stocks and contracts +€11,250
up €11,250 (+63.8%), from €17,629 to €28,879
- Tangible fixed assets +€4,892
up €4,892 (+6.6%), from €73,795 to €78,687
of which Plant, machinery and equipment: +€17,292
- Other debts -€36,000
no longer reported in 2025 (was €36,000)
- Trade debts +€28,016
up €28,016 (+3,144%), from €891 to €28,907
- Debts after one year -€22,421
down €22,421 (-80.4%), from €27,883 to €5,462
- Profit (loss) carried forward +€18,278
up €18,278 (+17.3%), from €105,656 to €123,934
- Current portion of long-term debt -€4,787
down €4,787 (-17.6%), from €27,209 to €22,421
- Turnover +€660,978
new in 2025: €660,978
- Purchases and services +€534,683
new in 2025: €534,683
- Staff costs +€70,703
new in 2025: €70,703
- Gross operating margin +€25,160
up €25,160 (+24.9%), from €101,134 to €126,294
- Financial charges -€8,460
down €8,460 (-70.0%), from €12,086 to €3,626
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,608 | €187,481 | -€17,127 | -8.4% |
| Fixed assets | 21/28 | €73,795 | €78,687 | +€4,892 | +6.6% |
| Tangible fixed assets | 22/27 | €73,795 | €78,687 | +€4,892 | +6.6% |
| Plant, machinery and equipment | 23 | €48,995 | €66,287 | +€17,292 | +35.3% |
| Furniture and vehicles | 24 | €24,800 | €12,400 | -€12,400 | -50.0% |
| Current assets | 29/58 | €130,813 | €108,795 | -€22,018 | -16.8% |
| Stocks and contracts in progress | 3 | €17,629 | €28,879 | +€11,250 | +63.8% |
| Stocks | 30/36 | €17,629 | €28,879 | +€11,250 | +63.8% |
| Amounts receivable within one year | 40/41 | €36,006 | €71,184 | +€35,178 | +97.7% |
| Other amounts receivable | 41 | €36,006 | €71,184 | +€35,178 | +97.7% |
| Cash at bank and in hand | 54/58 | €77,179 | €8,732 | -€68,446 | -88.7% |
| Total equity and liabilities | 10/49 | €204,608 | €187,481 | -€17,127 | -8.4% |
| Equity | 10/15 | €111,856 | €130,134 | +€18,278 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,656 | €123,934 | +€18,278 | +17.3% |
| Amounts payable | 17/49 | €92,752 | €57,347 | -€35,405 | -38.2% |
| Amounts payable after more than one year | 17 | €27,883 | €5,462 | -€22,421 | -80.4% |
| Financial debts | 170/4 | €27,883 | €5,462 | -€22,421 | -80.4% |
| Amounts payable within one year | 42/48 | €64,869 | €51,885 | -€12,984 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €27,209 | €22,421 | -€4,787 | -17.6% |
| Trade debts | 44 | €891 | €28,907 | +€28,016 | +3,144% |
| Suppliers | 440/4 | €891 | €28,907 | +€28,016 | +3,144% |
| Taxes, remuneration and social security | 45 | €769 | €557 | -€212 | -27.5% |
| Taxes | 450/3 | €769 | €557 | -€212 | -27.5% |
| Other amounts payable | 47/48 | €36,000 | - | -€36,000 | |
| Turnover | 70 | - | €660,978 | +€660,978 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €534,683 | +€534,683 | |
| Remuneration, social security and pensions | 62 | - | €70,703 | +€70,703 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,513 | €24,212 | +€699 | +3.0% |
| Other operating charges | 640/8 | €7,172 | €9,475 | +€2,303 | +32.1% |
| Gross operating margin | 9900 | €101,134 | €126,294 | +€25,160 | +24.9% |
| Operating profit (loss) | 9901 | €70,450 | €21,904 | -€48,546 | -68.9% |
| Financial charges | 65/66B | €12,086 | €3,626 | -€8,460 | -70.0% |
| Recurring financial charges | 65 | €12,086 | €3,626 | -€8,460 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €58,364 | €18,278 | -€40,086 | -68.7% |
| Profit (loss) for the period | 9904 | €58,364 | €18,278 | -€40,086 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,364 | €18,278 | -€40,086 | -68.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.