Dr. Syed Haider: 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. Syed Haider
Largest movements
- Cash +€135,195
up €135,195 (+1,478%), from €9,146 to €144,341
mainly Net result for the year (+€167,291) and Other debts (+€98,840)
- Tangible fixed assets -€14,003
down €14,003 (-45.2%), from €30,985 to €16,982
- Deferred charges and accrued income -€4,523
down €4,523 (-8.3%), from €54,638 to €50,115
- Receivables within one year -€2,703
no longer reported in 2025 (was €2,703)
- Other debts +€98,840
up €98,840 (+135%), from €73,043 to €171,884
- Tax, wage and social debts +€16,194
up €16,194 (+356%), from €4,553 to €20,747
- Gross operating margin +€178,196
up €178,196 (+327%), from €54,424 to €232,621
- Taxes +€42,204
up €42,204 (+494%), from €8,543 to €50,747
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 | €97,472 | €211,438 | +€113,965 | +117% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €30,985 | €16,982 | -€14,003 | -45.2% |
| Tangible fixed assets | 22/27 | €30,985 | €16,982 | -€14,003 | -45.2% |
| Furniture and vehicles | 24 | €30,985 | €16,982 | -€14,003 | -45.2% |
| Current assets | 29/58 | €66,487 | €194,456 | +€127,969 | +192% |
| Amounts receivable within one year | 40/41 | €2,703 | - | -€2,703 | |
| Other amounts receivable | 41 | €2,703 | - | -€2,703 | |
| Cash at bank and in hand | 54/58 | €9,146 | €144,341 | +€135,195 | +1,478% |
| Deferred charges and accrued income | 490/1 | €54,638 | €50,115 | -€4,523 | -8.3% |
| Total equity and liabilities | 10/49 | €97,472 | €211,438 | +€113,965 | +117% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €78,872 | €192,838 | +€113,965 | +144% |
| Amounts payable within one year | 42/48 | €78,248 | €192,838 | +€114,589 | +146% |
| Trade debts | 44 | €652 | €207 | -€445 | -68.3% |
| Suppliers | 440/4 | €652 | €207 | -€445 | -68.3% |
| Taxes, remuneration and social security | 45 | €4,553 | €20,747 | +€16,194 | +356% |
| Taxes | 450/3 | €4,553 | €20,747 | +€16,194 | +356% |
| Other amounts payable | 47/48 | €73,043 | €171,884 | +€98,840 | +135% |
| Accrued charges and deferred income | 492/3 | €624 | - | -€624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,873 | €14,003 | -€870 | -5.8% |
| Other operating charges | 640/8 | €746 | €370 | -€377 | -50.5% |
| Gross operating margin | 9900 | €54,424 | €232,621 | +€178,196 | +327% |
| Operating profit (loss) | 9901 | €38,805 | €218,248 | +€179,443 | +462% |
| Financial income | 75/76B | - | €88 | +€88 | |
| Recurring financial income | 75 | - | €88 | +€88 | |
| Financial charges | 65/66B | €223 | €297 | +€75 | +33.5% |
| Recurring financial charges | 65 | €223 | €297 | +€75 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €38,582 | €218,038 | +€179,456 | +465% |
| Income taxes | 67/77 | €8,543 | €50,747 | +€42,204 | +494% |
| Profit (loss) for the period | 9904 | €30,039 | €167,291 | +€137,252 | +457% |
| Profit (loss) for the period to be appropriated | 9905 | €30,039 | €167,291 | +€137,252 | +457% |
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 31 October 2026 via checked.be.