Dr Ouadi Z.: what changed
Dr Ouadi Z.
Largest movements
- Cash +€15,503
up €15,503 (+23.6%), from €65,703 to €81,206
mainly Other debts (+€51,000) and Net result for the year (+€30,990)
- Tangible fixed assets +€9,142
up €9,142 (+1,084%), from €843 to €9,985
- Other debts +€51,000
up €51,000 (+22,956%), from €222 to €51,222
- Profit (loss) carried forward -€29,010
down €29,010 (-46.9%), from €61,895 to €32,885
- Tax, wage and social debts +€5,420
up €5,420 (+93.7%), from €5,786 to €11,206
of which Taxes: +€9,000
- Trade debts -€2,991
down €2,991 (-93.9%), from €3,185 to €195
- Gross operating margin -€3,840
down €3,840 (-5.7%), from €67,215 to €63,375
- Depreciation +€3,122
up €3,122 (+368%), from €849 to €3,971
- Taxes +€1,081
up €1,081 (+13.5%), from €8,000 to €9,081
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,088 | €97,508 | +€24,419 | +33.4% |
| Fixed assets | 21/28 | €1,018 | €10,160 | +€9,142 | +898% |
| Tangible fixed assets | 22/27 | €843 | €9,985 | +€9,142 | +1,084% |
| Furniture and vehicles | 24 | €843 | €9,985 | +€9,142 | +1,084% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €72,070 | €87,348 | +€15,277 | +21.2% |
| Amounts receivable within one year | 40/41 | €1,002 | €1,002 | = | 0.0% |
| Trade receivables | 40 | €1,002 | €1,002 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,703 | €81,206 | +€15,503 | +23.6% |
| Deferred charges and accrued income | 490/1 | €5,366 | €5,140 | -€226 | -4.2% |
| Total equity and liabilities | 10/49 | €73,088 | €97,508 | +€24,419 | +33.4% |
| Equity | 10/15 | €63,895 | €34,885 | -€29,010 | -45.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,895 | €32,885 | -€29,010 | -46.9% |
| Amounts payable | 17/49 | €9,194 | €62,623 | +€53,429 | +581% |
| Amounts payable within one year | 42/48 | €9,194 | €62,623 | +€53,429 | +581% |
| Trade debts | 44 | €3,185 | €195 | -€2,991 | -93.9% |
| Suppliers | 440/4 | €3,185 | €195 | -€2,991 | -93.9% |
| Taxes, remuneration and social security | 45 | €5,786 | €11,206 | +€5,420 | +93.7% |
| Taxes | 450/3 | €0 | €9,000 | +€9,000 | |
| Remuneration and social security | 454/9 | €5,786 | €2,206 | -€3,580 | -61.9% |
| Other amounts payable | 47/48 | €222 | €51,222 | +€51,000 | +22,956% |
| Remuneration, social security and pensions | 62 | €18,137 | €18,684 | +€548 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €3,971 | +€3,122 | +368% |
| Other operating charges | 640/8 | €391 | €405 | +€14 | +3.6% |
| Gross operating margin | 9900 | €67,215 | €63,375 | -€3,840 | -5.7% |
| Operating profit (loss) | 9901 | €47,839 | €40,315 | -€7,524 | -15.7% |
| Financial charges | 65/66B | €363 | €244 | -€119 | -32.8% |
| Recurring financial charges | 65 | €363 | €244 | -€119 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €47,477 | €40,071 | -€7,405 | -15.6% |
| Income taxes | 67/77 | €8,000 | €9,081 | +€1,081 | +13.5% |
| Profit (loss) for the period | 9904 | €39,477 | €30,990 | -€8,487 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,477 | €30,990 | -€8,487 | -21.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.