Darul Erkam: 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.
Darul Erkam
Largest movements
- Receivables within one year +€171,540
up €171,540 (+30.1%), from €569,473 to €741,013
of which Trade receivables: +€173,022
- Stocks and contracts +€55,448
up €55,448 (+238%), from €23,263 to €78,711
- Cash +€47,003
up €47,003 (+149%), from €31,623 to €78,626
mainly Trade debts (+€252,664) and Debts after one year (+€45,000)
- Trade debts +€252,664
up €252,664 (+79.8%), from €316,499 to €569,164
- Other debts -€68,454
down €68,454 (-93.4%), from €73,299 to €4,844
- Debts after one year +€45,000
up €45,000 (+18.8%), from €238,868 to €283,868
- Advances received +€27,612
up €27,612 (+50.8%), from €54,389 to €82,001
- Profit (loss) carried forward +€16,674
up €16,674 (+69.2%), from -€24,086 to -€7,411
- Taxes +€26,617
up €26,617 (+738%), from €3,609 to €30,226
- Gross operating margin +€7,537
up €7,537 (+13.7%), from €54,977 to €62,514
- Depreciation +€5,399
up €5,399 (+56.3%), from €9,591 to €14,990
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 | €683,003 | €962,611 | +€279,608 | +40.9% |
| Fixed assets | 21/28 | €53,701 | €58,239 | +€4,538 | +8.4% |
| Tangible fixed assets | 22/27 | €48,301 | €52,839 | +€4,538 | +9.4% |
| Plant, machinery and equipment | 23 | €918 | €3,862 | +€2,944 | +321% |
| Furniture and vehicles | 24 | €47,383 | €48,977 | +€1,594 | +3.4% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €629,302 | €904,372 | +€275,070 | +43.7% |
| Stocks and contracts in progress | 3 | €23,263 | €78,711 | +€55,448 | +238% |
| Stocks | 30/36 | €23,263 | €78,711 | +€55,448 | +238% |
| Amounts receivable within one year | 40/41 | €569,473 | €741,013 | +€171,540 | +30.1% |
| Trade receivables | 40 | €551,445 | €724,467 | +€173,022 | +31.4% |
| Other amounts receivable | 41 | €18,028 | €16,546 | -€1,482 | -8.2% |
| Cash at bank and in hand | 54/58 | €31,623 | €78,626 | +€47,003 | +149% |
| Deferred charges and accrued income | 490/1 | €4,943 | €6,022 | +€1,079 | +21.8% |
| Total equity and liabilities | 10/49 | €683,003 | €962,611 | +€279,608 | +40.9% |
| Equity | 10/15 | -€4,545 | €12,129 | +€16,674 | |
| Contributions | 10/11 | €18,601 | €18,601 | = | 0.0% |
| Reserves | 13 | €940 | €940 | = | 0.0% |
| Distributable reserves | 133 | €940 | €940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,086 | -€7,411 | +€16,674 | +69.2% |
| Amounts payable | 17/49 | €687,548 | €950,481 | +€262,933 | +38.2% |
| Amounts payable after more than one year | 17 | €238,868 | €283,868 | +€45,000 | +18.8% |
| Financial debts | 170/4 | €238,868 | €283,868 | +€45,000 | +18.8% |
| Amounts payable within one year | 42/48 | €448,680 | €666,613 | +€217,933 | +48.6% |
| Trade debts | 44 | €316,499 | €569,164 | +€252,664 | +79.8% |
| Suppliers | 440/4 | €316,499 | €569,164 | +€252,664 | +79.8% |
| Advances received on contracts in progress | 46 | €54,389 | €82,001 | +€27,612 | +50.8% |
| Taxes, remuneration and social security | 45 | €4,493 | €10,604 | +€6,111 | +136% |
| Taxes | 450/3 | €4,493 | €10,604 | +€6,111 | +136% |
| Other amounts payable | 47/48 | €73,299 | €4,844 | -€68,454 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,591 | €14,990 | +€5,399 | +56.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€391 | - | +€391 | |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €54,977 | €62,514 | +€7,537 | +13.7% |
| Operating profit (loss) | 9901 | €45,776 | €47,461 | +€1,684 | +3.7% |
| Financial income | 75/76B | €2 | €10 | +€8 | +390% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +390% |
| Financial charges | 65/66B | €740 | €570 | -€170 | -23.0% |
| Recurring financial charges | 65 | €740 | €570 | -€170 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €45,039 | €46,901 | +€1,862 | +4.1% |
| Income taxes | 67/77 | €3,609 | €30,226 | +€26,617 | +738% |
| Profit (loss) for the period | 9904 | €41,430 | €16,674 | -€24,755 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,430 | €16,674 | -€24,755 | -59.8% |
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 24 October 2026 via checked.be.