Dr. Khaled Almohamad: 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. Khaled Almohamad
Largest movements
- Cash +€96,687
up €96,687 (+827%), from €11,696 to €108,383
mainly Net result for the year (+€91,302) and Tax, wage and social debts (+€20,032)
- Deferred charges and accrued income +€25,776
up €25,776 (+202%), from €12,781 to €38,557
- Receivables within one year +€7,626
up €7,626 (+122%), from €6,233 to €13,859
of which Trade receivables: +€7,023
- Reserves +€91,302
up €91,302 (+445%), from €20,526 to €111,828
- Tax, wage and social debts +€20,032
up €20,032 (+390%), from €5,132 to €25,163
- Other debts +€19,746
new in 2025: €19,746
- Gross operating margin +€91,373
up €91,373 (+356%), from €25,671 to €117,044
- Taxes +€20,032
up €20,032 (+390%), from €5,132 to €25,163
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 | €32,649 | €162,072 | +€129,423 | +396% |
| Fixed assets | 21/28 | €1,939 | €1,272 | -€666 | -34.4% |
| Tangible fixed assets | 22/27 | €1,939 | €1,272 | -€666 | -34.4% |
| Furniture and vehicles | 24 | €1,939 | €1,272 | -€666 | -34.4% |
| Current assets | 29/58 | €30,710 | €160,799 | +€130,089 | +424% |
| Amounts receivable within one year | 40/41 | €6,233 | €13,859 | +€7,626 | +122% |
| Trade receivables | 40 | €1,161 | €8,184 | +€7,023 | +605% |
| Other amounts receivable | 41 | €5,072 | €5,675 | +€604 | +11.9% |
| Cash at bank and in hand | 54/58 | €11,696 | €108,383 | +€96,687 | +827% |
| Deferred charges and accrued income | 490/1 | €12,781 | €38,557 | +€25,776 | +202% |
| Total equity and liabilities | 10/49 | €32,649 | €162,072 | +€129,423 | +396% |
| Equity | 10/15 | €25,526 | €116,828 | +€91,302 | +358% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,526 | €111,828 | +€91,302 | +445% |
| Distributable reserves | 133 | €20,526 | €111,828 | +€91,302 | +445% |
| Amounts payable | 17/49 | €7,122 | €45,244 | +€38,121 | +535% |
| Amounts payable within one year | 42/48 | €6,372 | €45,244 | +€38,872 | +610% |
| Trade debts | 44 | €1,240 | €334 | -€906 | -73.0% |
| Suppliers | 440/4 | €1,240 | €334 | -€906 | -73.0% |
| Taxes, remuneration and social security | 45 | €5,132 | €25,163 | +€20,032 | +390% |
| Taxes | 450/3 | €5,132 | €25,163 | +€20,032 | +390% |
| Other amounts payable | 47/48 | - | €19,746 | +€19,746 | |
| Accrued charges and deferred income | 492/3 | €751 | - | -€751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €666 | +€606 | +1,006% |
| Other operating charges | 640/8 | - | €62 | +€62 | |
| Gross operating margin | 9900 | €25,671 | €117,044 | +€91,373 | +356% |
| Operating profit (loss) | 9901 | €25,611 | €116,316 | +€90,705 | +354% |
| Financial income | 75/76B | €72 | €299 | +€227 | +317% |
| Recurring financial income | 75 | €72 | €299 | +€227 | +317% |
| Financial charges | 65/66B | €25 | €150 | +€125 | +500% |
| Recurring financial charges | 65 | €25 | €150 | +€125 | +500% |
| Profit (loss) for the period before taxes | 9903 | €25,658 | €116,465 | +€90,807 | +354% |
| Income taxes | 67/77 | €5,132 | €25,163 | +€20,032 | +390% |
| Profit (loss) for the period | 9904 | €20,526 | €91,302 | +€70,775 | +345% |
| Profit (loss) for the period to be appropriated | 9905 | €20,526 | €91,302 | +€70,775 | +345% |
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 25 October 2026 via checked.be.