DR. ABDULLAH KAYA: 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.
DR. ABDULLAH KAYA
Largest movements
- Tangible fixed assets +€382,145
up €382,145 (+874%), from €43,736 to €425,881
of which Land and buildings: +€395,001
- Cash +€318,465
up €318,465 (+21.7%), from €1.5m to €1.8m
mainly Net result for the year (+€646,527) and Debts after one year (+€377,928)
- Receivables within one year +€46,252
new in 2025: €46,252
- Reserves +€483,549
up €483,549 (+41.6%), from €1.2m to €1.6m
- Debts after one year +€377,928
new in 2025: €377,928
- Other debts -€111,289
down €111,289 (-38.0%), from €292,816 to €181,527
- Gross operating margin -€262,014
down €262,014 (-23.1%), from €1.1m to €870,262
- Taxes -€72,291
down €72,291 (-25.6%), from €282,061 to €209,770
- Financial income +€19,760
up €19,760 (+6,323%), from €313 to €20,072
- Financial charges +€12,649
up €12,649 (+1,541%), from €821 to €13,470
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 | €1,511,967 | €2,258,886 | +€746,918 | +49.4% |
| Fixed assets | 21/28 | €43,736 | €425,881 | +€382,145 | +874% |
| Tangible fixed assets | 22/27 | €43,736 | €425,881 | +€382,145 | +874% |
| Land and buildings | 22 | - | €395,001 | +€395,001 | |
| Furniture and vehicles | 24 | €43,736 | €30,880 | -€12,857 | -29.4% |
| Current assets | 29/58 | €1,468,231 | €1,833,005 | +€364,774 | +24.8% |
| Amounts receivable within one year | 40/41 | - | €46,252 | +€46,252 | |
| Other amounts receivable | 41 | - | €46,252 | +€46,252 | |
| Cash at bank and in hand | 54/58 | €1,467,407 | €1,785,872 | +€318,465 | +21.7% |
| Deferred charges and accrued income | 490/1 | €824 | €881 | +€57 | +6.9% |
| Total equity and liabilities | 10/49 | €1,511,967 | €2,258,886 | +€746,918 | +49.4% |
| Equity | 10/15 | €1,181,609 | €1,664,136 | +€482,527 | +40.8% |
| Contributions | 10/11 | €19,622 | €18,600 | -€1,022 | -5.2% |
| Reserves | 13 | €1,161,987 | €1,645,536 | +€483,549 | +41.6% |
| Distributable reserves | 133 | €1,161,987 | €1,645,536 | +€483,549 | +41.6% |
| Amounts payable | 17/49 | €330,358 | €594,749 | +€264,391 | +80.0% |
| Amounts payable after more than one year | 17 | - | €377,928 | +€377,928 | |
| Advances received on contracts in progress | 176 | - | €377,928 | +€377,928 | |
| Amounts payable within one year | 42/48 | €323,446 | €211,679 | -€111,767 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €14,901 | +€7,401 | +98.7% |
| Trade debts | 44 | €20,163 | €12,284 | -€7,879 | -39.1% |
| Suppliers | 440/4 | €20,163 | €12,284 | -€7,879 | -39.1% |
| Taxes, remuneration and social security | 45 | €2,967 | €2,967 | = | 0.0% |
| Taxes | 450/3 | €2,967 | €2,967 | = | 0.0% |
| Other amounts payable | 47/48 | €292,816 | €181,527 | -€111,289 | -38.0% |
| Accrued charges and deferred income | 492/3 | €6,912 | €5,143 | -€1,770 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,649 | €20,355 | +€7,706 | +60.9% |
| Other operating charges | 640/8 | €209 | €212 | +€3 | +1.2% |
| Gross operating margin | 9900 | €1,132,276 | €870,262 | -€262,014 | -23.1% |
| Operating profit (loss) | 9901 | €1,119,418 | €849,695 | -€269,723 | -24.1% |
| Financial income | 75/76B | €313 | €20,072 | +€19,760 | +6,323% |
| Recurring financial income | 75 | €313 | €20,072 | +€19,760 | +6,323% |
| Financial charges | 65/66B | €821 | €13,470 | +€12,649 | +1,541% |
| Recurring financial charges | 65 | €821 | €13,470 | +€12,649 | +1,541% |
| Profit (loss) for the period before taxes | 9903 | €1,118,910 | €856,297 | -€262,613 | -23.5% |
| Income taxes | 67/77 | €282,061 | €209,770 | -€72,291 | -25.6% |
| Profit (loss) for the period | 9904 | €836,849 | €646,527 | -€190,322 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €836,849 | €646,527 | -€190,322 | -22.7% |
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 28 October 2026 via checked.be.