FAIROUZ ALSHAM: 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.
FAIROUZ ALSHAM
Largest movements
- Receivables within one year +€10,623
up €10,623 (+29.3%), from €36,300 to €46,923
of which Other amounts receivable: +€26,923
- Financial fixed assets +€4,400
new in 2025: €4,400
- Cash -€4,000
down €4,000 (-83.3%), from €4,800 to €801
mainly Receivables within one year (-€10,623) and Net result for the year (-€6,371)
- Stocks and contracts +€2,571
up €2,571 (+342%), from €753 to €3,323
- Tax, wage and social debts +€12,534
up €12,534 (+322%), from €3,887 to €16,421
of which Remuneration and social security: +€13,821
- Profit (loss) carried forward -€6,371
down €6,371 (-4,157%), from -€153 to -€6,524
- Other debts +€5,916
up €5,916 (+33.0%), from €17,904 to €23,820
- Trade debts +€1,473
up €1,473 (+96.1%), from €1,533 to €3,006
- Staff costs +€29,036
up €29,036 (+329%), from €8,838 to €37,874
- Gross operating margin +€21,914
up €21,914 (+249%), from €8,801 to €30,715
- Financial income +€1,466
new in 2025: €1,466
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 | €43,172 | €56,723 | +€13,552 | +31.4% |
| Fixed assets | 21/28 | €1,319 | €5,441 | +€4,122 | +313% |
| Tangible fixed assets | 22/27 | €1,319 | €1,041 | -€278 | -21.1% |
| Plant, machinery and equipment | 23 | €1,319 | €1,041 | -€278 | -21.1% |
| Financial fixed assets | 28 | - | €4,400 | +€4,400 | |
| Current assets | 29/58 | €41,853 | €51,282 | +€9,429 | +22.5% |
| Stocks and contracts in progress | 3 | €753 | €3,323 | +€2,571 | +342% |
| Stocks | 30/36 | €753 | €3,323 | +€2,571 | +342% |
| Amounts receivable within one year | 40/41 | €36,300 | €46,923 | +€10,623 | +29.3% |
| Trade receivables | 40 | €16,300 | - | -€16,300 | |
| Other amounts receivable | 41 | €20,000 | €46,923 | +€26,923 | +135% |
| Cash at bank and in hand | 54/58 | €4,800 | €801 | -€4,000 | -83.3% |
| Deferred charges and accrued income | 490/1 | - | €236 | +€236 | |
| Total equity and liabilities | 10/49 | €43,172 | €56,723 | +€13,552 | +31.4% |
| Equity | 10/15 | €19,847 | €13,476 | -€6,371 | -32.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153 | -€6,524 | -€6,371 | -4,157% |
| Amounts payable | 17/49 | €23,325 | €43,247 | +€19,922 | +85.4% |
| Amounts payable within one year | 42/48 | €23,325 | €43,247 | +€19,922 | +85.4% |
| Trade debts | 44 | €1,533 | €3,006 | +€1,473 | +96.1% |
| Suppliers | 440/4 | €1,533 | €3,006 | +€1,473 | +96.1% |
| Taxes, remuneration and social security | 45 | €3,887 | €16,421 | +€12,534 | +322% |
| Taxes | 450/3 | €3,146 | €1,859 | -€1,287 | -40.9% |
| Remuneration and social security | 454/9 | €742 | €14,562 | +€13,821 | +1,864% |
| Other amounts payable | 47/48 | €17,904 | €23,820 | +€5,916 | +33.0% |
| Remuneration, social security and pensions | 62 | €8,838 | €37,874 | +€29,036 | +329% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69 | €278 | +€208 | +300% |
| Other operating charges | 640/8 | - | €265 | +€265 | |
| Gross operating margin | 9900 | €8,801 | €30,715 | +€21,914 | +249% |
| Operating profit (loss) | 9901 | -€107 | -€7,702 | -€7,595 | -7,081% |
| Financial income | 75/76B | - | €1,466 | +€1,466 | |
| Recurring financial income | 75 | - | €1,466 | +€1,466 | |
| Financial charges | 65/66B | €46 | €134 | +€88 | +192% |
| Recurring financial charges | 65 | €46 | €134 | +€88 | +192% |
| Profit (loss) for the period before taxes | 9903 | -€153 | -€6,371 | -€6,218 | -4,057% |
| Profit (loss) for the period | 9904 | -€153 | -€6,371 | -€6,218 | -4,057% |
| Profit (loss) for the period to be appropriated | 9905 | -€153 | -€6,371 | -€6,218 | -4,057% |
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 26 October 2026 via checked.be.