Dr. Alkarouchi: 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. Alkarouchi
Largest movements
- Cash +€63,706
up €63,706 (+423%), from €15,054 to €78,760
mainly Net result for the year (+€59,118) and Investment in fixed assets (net) (+€28,593)
- Receivables within one year +€30,197
new in 2025: €30,197
of which Other amounts receivable: +€28,197
- Tangible fixed assets -€28,764
down €28,764 (-99.2%), from €29,000 to €235
of which Furniture and vehicles: -€28,593
- Profit (loss) carried forward +€59,118
up €59,118 (+166%), from €35,568 to €94,685
- Tax, wage and social debts +€4,955
up €4,955 (+41.9%), from €11,829 to €16,784
- Gross operating margin +€22,878
up €22,878 (+43.2%), from €52,966 to €75,844
- Depreciation -€6,343
down €6,343 (-97.4%), from €6,515 to €171
- Taxes +€4,974
up €4,974 (+47.0%), from €10,580 to €15,553
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 | €52,679 | €117,255 | +€64,577 | +123% |
| Fixed assets | 21/28 | €29,000 | €235 | -€28,764 | -99.2% |
| Tangible fixed assets | 22/27 | €29,000 | €235 | -€28,764 | -99.2% |
| Plant, machinery and equipment | 23 | €407 | €235 | -€171 | -42.2% |
| Furniture and vehicles | 24 | €28,593 | - | -€28,593 | |
| Current assets | 29/58 | €23,679 | €117,020 | +€93,341 | +394% |
| Amounts receivable within one year | 40/41 | - | €30,197 | +€30,197 | |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | - | €28,197 | +€28,197 | |
| Cash at bank and in hand | 54/58 | €15,054 | €78,760 | +€63,706 | +423% |
| Deferred charges and accrued income | 490/1 | €8,625 | €8,064 | -€562 | -6.5% |
| Total equity and liabilities | 10/49 | €52,679 | €117,255 | +€64,577 | +123% |
| Equity | 10/15 | €40,568 | €99,685 | +€59,118 | +146% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,568 | €94,685 | +€59,118 | +166% |
| Amounts payable | 17/49 | €12,111 | €17,570 | +€5,459 | +45.1% |
| Amounts payable within one year | 42/48 | €12,111 | €17,570 | +€5,459 | +45.1% |
| Trade debts | 44 | €83 | €587 | +€504 | +606% |
| Suppliers | 440/4 | €83 | €587 | +€504 | +606% |
| Taxes, remuneration and social security | 45 | €11,829 | €16,784 | +€4,955 | +41.9% |
| Taxes | 450/3 | €11,829 | €16,784 | +€4,955 | +41.9% |
| Other amounts payable | 47/48 | €199 | €199 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,515 | €171 | -€6,343 | -97.4% |
| Other operating charges | 640/8 | €264 | €561 | +€297 | +112% |
| Non-recurring operating charges | 66A | - | €396 | +€396 | |
| Gross operating margin | 9900 | €52,966 | €75,844 | +€22,878 | +43.2% |
| Operating profit (loss) | 9901 | €46,187 | €74,716 | +€28,529 | +61.8% |
| Financial charges | 65/66B | €40 | €45 | +€5 | +11.8% |
| Recurring financial charges | 65 | €40 | €45 | +€5 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €46,147 | €74,671 | +€28,524 | +61.8% |
| Income taxes | 67/77 | €10,580 | €15,553 | +€4,974 | +47.0% |
| Profit (loss) for the period | 9904 | €35,568 | €59,118 | +€23,550 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,568 | €59,118 | +€23,550 | +66.2% |
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 30 October 2026 via checked.be.