Dr. Abi-Khalil Jâd: 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. Abi-Khalil Jâd
Largest movements
- Receivables within one year +€87,999
up €87,999 (+595%), from €14,782 to €102,781
of which Other amounts receivable: +€96,986
- Cash +€84,136
up €84,136 (+51.5%), from €163,416 to €247,552
mainly Other debts (+€349,368) and Net result for the year (+€285,255)
- Deferred charges and accrued income +€67,204
up €67,204 (+47.9%), from €140,387 to €207,591
- Tangible fixed assets -€18,373
down €18,373 (-34.8%), from €52,809 to €34,436
of which Leasing and similar rights: -€15,202
- Other debts +€349,368
up €349,368 (+894%), from €39,078 to €388,445
- Profit (loss) carried forward -€169,858
down €169,858 (-66.6%), from €255,112 to €85,255
- Tax, wage and social debts +€68,267
up €68,267 (+272%), from €25,084 to €93,351
of which Taxes: +€68,267
- Debts after one year -€14,702
no longer reported in 2025 (was €14,702)
- Trade debts -€7,536
down €7,536 (-46.5%), from €16,215 to €8,678
- Gross operating margin +€34,835
up €34,835 (+9.7%), from €357,849 to €392,685
- Taxes +€7,956
up €7,956 (+9.6%), from €82,665 to €90,621
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 | €371,395 | €592,360 | +€220,965 | +59.5% |
| Fixed assets | 21/28 | €52,809 | €34,436 | -€18,373 | -34.8% |
| Tangible fixed assets | 22/27 | €52,809 | €34,436 | -€18,373 | -34.8% |
| Plant, machinery and equipment | 23 | €2,098 | €846 | -€1,252 | -59.7% |
| Furniture and vehicles | 24 | €6,851 | €4,931 | -€1,920 | -28.0% |
| Leasing and similar rights | 25 | €41,930 | €26,728 | -€15,202 | -36.3% |
| Other tangible fixed assets | 26 | €1,930 | €1,930 | = | 0.0% |
| Current assets | 29/58 | €318,585 | €557,924 | +€239,339 | +75.1% |
| Amounts receivable within one year | 40/41 | €14,782 | €102,781 | +€87,999 | +595% |
| Trade receivables | 40 | €14,782 | €5,795 | -€8,987 | -60.8% |
| Other amounts receivable | 41 | - | €96,986 | +€96,986 | |
| Cash at bank and in hand | 54/58 | €163,416 | €247,552 | +€84,136 | +51.5% |
| Deferred charges and accrued income | 490/1 | €140,387 | €207,591 | +€67,204 | +47.9% |
| Total equity and liabilities | 10/49 | €371,395 | €592,360 | +€220,965 | +59.5% |
| Equity | 10/15 | €256,612 | €86,755 | -€169,858 | -66.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,112 | €85,255 | -€169,858 | -66.6% |
| Amounts payable | 17/49 | €114,782 | €505,606 | +€390,823 | +340% |
| Amounts payable after more than one year | 17 | €14,702 | - | -€14,702 | |
| Financial debts | 170/4 | €14,702 | - | -€14,702 | |
| Amounts payable within one year | 42/48 | €99,651 | €505,177 | +€405,526 | +407% |
| Current portion of amounts payable after more than one year | 42 | €19,275 | €14,702 | -€4,573 | -23.7% |
| Trade debts | 44 | €16,215 | €8,678 | -€7,536 | -46.5% |
| Suppliers | 440/4 | €16,215 | €8,678 | -€7,536 | -46.5% |
| Taxes, remuneration and social security | 45 | €25,084 | €93,351 | +€68,267 | +272% |
| Taxes | 450/3 | €22,665 | €90,932 | +€68,267 | +301% |
| Remuneration and social security | 454/9 | €2,419 | €2,419 | = | 0.0% |
| Other amounts payable | 47/48 | €39,078 | €388,445 | +€349,368 | +894% |
| Accrued charges and deferred income | 492/3 | €429 | €429 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,371 | €18,373 | +€2 | 0.0% |
| Other operating charges | 640/8 | €734 | €656 | -€78 | -10.6% |
| Gross operating margin | 9900 | €357,849 | €392,685 | +€34,835 | +9.7% |
| Operating profit (loss) | 9901 | €338,745 | €373,655 | +€34,911 | +10.3% |
| Financial income | 75/76B | - | €2,815 | +€2,815 | |
| Recurring financial income | 75 | - | €2,815 | +€2,815 | |
| Financial charges | 65/66B | €967 | €596 | -€372 | -38.4% |
| Recurring financial charges | 65 | €967 | €596 | -€372 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €337,777 | €375,875 | +€38,098 | +11.3% |
| Income taxes | 67/77 | €82,665 | €90,621 | +€7,956 | +9.6% |
| Profit (loss) for the period | 9904 | €255,112 | €285,255 | +€30,142 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €255,112 | €285,255 | +€30,142 | +11.8% |
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 19 October 2026 via checked.be.