Dr. Osama Alkiar: 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. Osama Alkiar
Largest movements
- Cash +€323,226
up €323,226 (+72.7%), from €444,859 to €768,086
mainly Net result for the year (+€265,131) and Tax, wage and social debts (+€82,605)
- Tangible fixed assets +€45,500
up €45,500 (+1,741%), from €2,613 to €48,113
of which Furniture and vehicles: +€46,053
- Receivables after one year -€20,307
down €20,307 (-76.7%), from €26,463 to €6,156
- Reserves +€265,131
up €265,131 (+66.5%), from €398,918 to €664,049
- Tax, wage and social debts +€82,605
up €82,605 (+117%), from €70,504 to €153,109
of which Taxes: +€82,605
- Gross operating margin +€42,629
up €42,629 (+13.6%), from €313,022 to €355,652
- Taxes +€12,447
up €12,447 (+17.7%), from €70,130 to €82,577
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 | €474,589 | €822,355 | +€347,765 | +73.3% |
| Fixed assets | 21/28 | €2,613 | €48,113 | +€45,500 | +1,741% |
| Tangible fixed assets | 22/27 | €2,613 | €48,113 | +€45,500 | +1,741% |
| Plant, machinery and equipment | 23 | €1,103 | €551 | -€552 | -50.1% |
| Furniture and vehicles | 24 | €1,510 | €47,562 | +€46,053 | +3,050% |
| Current assets | 29/58 | €471,976 | €774,241 | +€302,265 | +64.0% |
| Amounts receivable after more than one year | 29 | €26,463 | €6,156 | -€20,307 | -76.7% |
| Other amounts receivable | 291 | €26,463 | €6,156 | -€20,307 | -76.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €444,859 | €768,086 | +€323,226 | +72.7% |
| Deferred charges and accrued income | 490/1 | €654 | €0 | -€654 | -100% |
| Total equity and liabilities | 10/49 | €474,589 | €822,355 | +€347,765 | +73.3% |
| Equity | 10/15 | €403,918 | €669,049 | +€265,131 | +65.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €398,918 | €664,049 | +€265,131 | +66.5% |
| Distributable reserves | 133 | €398,918 | €664,049 | +€265,131 | +66.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €70,672 | €153,306 | +€82,634 | +117% |
| Amounts payable within one year | 42/48 | €70,672 | €153,306 | +€82,634 | +117% |
| Trade debts | 44 | €168 | €197 | +€29 | +17.3% |
| Suppliers | 440/4 | €168 | €197 | +€29 | +17.3% |
| Taxes, remuneration and social security | 45 | €70,504 | €153,109 | +€82,605 | +117% |
| Taxes | 450/3 | €70,504 | €153,109 | +€82,605 | +117% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €2,763 | +€1,916 | +226% |
| Other operating charges | 640/8 | €801 | €4,344 | +€3,543 | +442% |
| Non-recurring operating charges | 66A | €12,001 | €0 | -€12,001 | -100% |
| Gross operating margin | 9900 | €313,022 | €355,652 | +€42,629 | +13.6% |
| Operating profit (loss) | 9901 | €299,374 | €348,545 | +€49,171 | +16.4% |
| Financial charges | 65/66B | €3,102 | €837 | -€2,265 | -73.0% |
| Recurring financial charges | 65 | €3,102 | €837 | -€2,265 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | €296,272 | €347,709 | +€51,436 | +17.4% |
| Income taxes | 67/77 | €70,130 | €82,577 | +€12,447 | +17.7% |
| Profit (loss) for the period | 9904 | €226,142 | €265,131 | +€38,989 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €226,142 | €265,131 | +€38,989 | +17.2% |
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 25 October 2026 via checked.be.