Dr LEILA KHALED: 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 LEILA KHALED
Largest movements
- Receivables within one year +€4,368
up €4,368 (+251%), from €1,738 to €6,105
of which Other amounts receivable: +€5,416
- Tangible fixed assets -€2,949
down €2,949 (-30.5%), from €9,674 to €6,725
of which Furniture and vehicles: -€1,559
- Cash -€2,438
down €2,438 (-5.7%), from €42,657 to €40,219
mainly Contributions, distributions and other (-€70,740) and Receivables within one year (-€4,368)
- Profit (loss) carried forward -€19,007
down €19,007 (-99.9%), from €19,016 to €10
- Current portion of long-term debt +€16,711
new in 2025: €16,711
- Other debts +€1,490
up €1,490 (+5.7%), from €26,017 to €27,507
- Gross operating margin -€43,730
down €43,730 (-38.7%), from €112,903 to €69,173
- Taxes -€9,952
down €9,952 (-40.6%), from €24,535 to €14,584
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 | €54,069 | €53,049 | -€1,019 | -1.9% |
| Fixed assets | 21/28 | €9,674 | €6,725 | -€2,949 | -30.5% |
| Tangible fixed assets | 22/27 | €9,674 | €6,725 | -€2,949 | -30.5% |
| Plant, machinery and equipment | 23 | €2,767 | €1,378 | -€1,390 | -50.2% |
| Furniture and vehicles | 24 | €6,907 | €5,347 | -€1,559 | -22.6% |
| Current assets | 29/58 | €44,394 | €46,324 | +€1,930 | +4.3% |
| Amounts receivable within one year | 40/41 | €1,738 | €6,105 | +€4,368 | +251% |
| Trade receivables | 40 | €1,738 | €689 | -€1,049 | -60.4% |
| Other amounts receivable | 41 | - | €5,416 | +€5,416 | |
| Cash at bank and in hand | 54/58 | €42,657 | €40,219 | -€2,438 | -5.7% |
| Total equity and liabilities | 10/49 | €54,069 | €53,049 | -€1,019 | -1.9% |
| Equity | 10/15 | €21,516 | €2,510 | -€19,007 | -88.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,016 | €10 | -€19,007 | -99.9% |
| Amounts payable | 17/49 | €32,552 | €50,540 | +€17,988 | +55.3% |
| Amounts payable within one year | 42/48 | €32,552 | €50,540 | +€17,988 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | - | €16,711 | +€16,711 | |
| Trade debts | 44 | €2,999 | €2,787 | -€213 | -7.1% |
| Suppliers | 440/4 | €2,999 | €2,787 | -€213 | -7.1% |
| Taxes, remuneration and social security | 45 | €3,535 | €3,535 | = | 0.0% |
| Taxes | 450/3 | €3,535 | €3,535 | = | 0.0% |
| Other amounts payable | 47/48 | €26,017 | €27,507 | +€1,490 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,942 | €2,949 | +€1,007 | +51.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €112,903 | €69,173 | -€43,730 | -38.7% |
| Operating profit (loss) | 9901 | €110,573 | €65,824 | -€44,750 | -40.5% |
| Financial income | 75/76B | - | €1,008 | +€1,008 | |
| Recurring financial income | 75 | - | €1,008 | +€1,008 | |
| Financial charges | 65/66B | €422 | €515 | +€93 | +22.2% |
| Recurring financial charges | 65 | €422 | €515 | +€93 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €110,152 | €66,317 | -€43,835 | -39.8% |
| Income taxes | 67/77 | €24,535 | €14,584 | -€9,952 | -40.6% |
| Profit (loss) for the period | 9904 | €85,616 | €51,733 | -€33,883 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,616 | €51,733 | -€33,883 | -39.6% |
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 1 November 2026 via checked.be.