ISLAMHANOUT: 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.
ISLAMHANOUT
Largest movements
- Stocks and contracts +€44,254
up €44,254 (+110%), from €40,122 to €84,376
- Receivables within one year +€18,033
up €18,033 (+25.4%), from €70,985 to €89,018
of which Other amounts receivable: +€18,101
- Tangible fixed assets -€3,216
down €3,216 (-35.2%), from €9,146 to €5,930
- Trade debts +€30,336
up €30,336 (+97.3%), from €31,167 to €61,503
- Reserves +€14,650
up €14,650 (+31.1%), from €47,134 to €61,784
- Tax, wage and social debts +€11,410
up €11,410 (+29.2%), from €39,118 to €50,528
of which Taxes: +€7,744
- Short-term financial debts +€2,162
new in 2025: €2,162
- Gross operating margin -€27,124
down €27,124 (-26.3%), from €103,045 to €75,922
- Staff costs +€10,624
up €10,624 (+25.6%), from €41,509 to €52,133
- Taxes -€10,493
down €10,493 (-61.1%), from €17,167 to €6,674
- Depreciation +€2,475
up €2,475 (+334%), from €741 to €3,216
- Financial income +€2,086
up €2,086 (+74.7%), from €2,794 to €4,881
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 | €120,991 | €179,549 | +€58,558 | +48.4% |
| Fixed assets | 21/28 | €9,146 | €5,930 | -€3,216 | -35.2% |
| Tangible fixed assets | 22/27 | €9,146 | €5,930 | -€3,216 | -35.2% |
| Furniture and vehicles | 24 | €9,146 | €5,930 | -€3,216 | -35.2% |
| Current assets | 29/58 | €111,845 | €173,619 | +€61,774 | +55.2% |
| Stocks and contracts in progress | 3 | €40,122 | €84,376 | +€44,254 | +110% |
| Stocks | 30/36 | €40,122 | €84,376 | +€44,254 | +110% |
| Amounts receivable within one year | 40/41 | €70,985 | €89,018 | +€18,033 | +25.4% |
| Trade receivables | 40 | €69 | - | -€69 | |
| Other amounts receivable | 41 | €70,917 | €89,018 | +€18,101 | +25.5% |
| Cash at bank and in hand | 54/58 | €737 | €225 | -€512 | -69.5% |
| Total equity and liabilities | 10/49 | €120,991 | €179,549 | +€58,558 | +48.4% |
| Equity | 10/15 | €50,134 | €64,784 | +€14,650 | +29.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,134 | €61,784 | +€14,650 | +31.1% |
| Distributable reserves | 133 | €47,134 | €61,784 | +€14,650 | +31.1% |
| Amounts payable | 17/49 | €70,857 | €114,764 | +€43,908 | +62.0% |
| Amounts payable after more than one year | 17 | €572 | €572 | = | 0.0% |
| Other amounts payable | 178/9 | €572 | €572 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,285 | €114,193 | +€43,908 | +62.5% |
| Financial debts | 43 | - | €2,162 | +€2,162 | |
| Credit institutions | 430/8 | - | €2,162 | +€2,162 | |
| Trade debts | 44 | €31,167 | €61,503 | +€30,336 | +97.3% |
| Suppliers | 440/4 | €31,167 | €61,503 | +€30,336 | +97.3% |
| Taxes, remuneration and social security | 45 | €39,118 | €50,528 | +€11,410 | +29.2% |
| Taxes | 450/3 | €26,224 | €33,967 | +€7,744 | +29.5% |
| Remuneration and social security | 454/9 | €12,894 | €16,560 | +€3,666 | +28.4% |
| Non-recurring operating income | 76A | €2,000 | €2,575 | +€575 | +28.7% |
| Remuneration, social security and pensions | 62 | €41,509 | €52,133 | +€10,624 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741 | €3,216 | +€2,475 | +334% |
| Other operating charges | 640/8 | €793 | €504 | -€289 | -36.4% |
| Gross operating margin | 9900 | €103,045 | €75,922 | -€27,124 | -26.3% |
| Operating profit (loss) | 9901 | €60,002 | €20,069 | -€39,934 | -66.6% |
| Financial income | 75/76B | €2,794 | €4,881 | +€2,086 | +74.7% |
| Recurring financial income | 75 | €2,794 | €4,881 | +€2,086 | +74.7% |
| Financial charges | 65/66B | €3,169 | €3,625 | +€456 | +14.4% |
| Recurring financial charges | 65 | €3,169 | €3,625 | +€456 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €59,628 | €21,324 | -€38,303 | -64.2% |
| Income taxes | 67/77 | €17,167 | €6,674 | -€10,493 | -61.1% |
| Profit (loss) for the period | 9904 | €42,461 | €14,650 | -€27,811 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,461 | €14,650 | -€27,811 | -65.5% |
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 20 October 2026 via checked.be.