Jamil KHAMIS: 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.
Jamil KHAMIS
Largest movements
- Current investments -€459,664
down €459,664 (-100%), from €459,664 to €0
- Receivables within one year +€419,670
up €419,670 (+2,715%), from €15,459 to €435,129
of which Other amounts receivable: +€407,732
- Cash +€152,799
up €152,799 (+111%), from €138,069 to €290,868
mainly Current investments (+€459,664) and Net result for the year (+€97,102)
- Reserves +€97,102
up €97,102 (+17.0%), from €569,591 to €666,693
- Tax, wage and social debts +€20,335
up €20,335 (+99.9%), from €20,350 to €40,685
- Other debts -€8,036
down €8,036 (-100%), from €8,036 to €0
- Financial income +€48,605
up €48,605 (+339%), from €14,330 to €62,934
- Taxes +€13,864
up €13,864 (+41.6%), from €33,350 to €47,214
- Gross operating margin -€3,831
down €3,831 (-4.4%), from €86,850 to €83,019
- Financial charges -€1,007
down €1,007, from €47 to -€960
- Other operating charges +€978
up €978 (+165%), from €594 to €1,572
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 | €618,325 | €727,711 | +€109,386 | +17.7% |
| Fixed assets | 21/28 | €1,926 | €900 | -€1,026 | -53.3% |
| Tangible fixed assets | 22/27 | €1,926 | €900 | -€1,026 | -53.3% |
| Plant, machinery and equipment | 23 | €236 | €0 | -€236 | -100% |
| Furniture and vehicles | 24 | €1,689 | €900 | -€790 | -46.7% |
| Current assets | 29/58 | €616,399 | €726,811 | +€110,412 | +17.9% |
| Amounts receivable within one year | 40/41 | €15,459 | €435,129 | +€419,670 | +2,715% |
| Trade receivables | 40 | €15,459 | €27,397 | +€11,938 | +77.2% |
| Other amounts receivable | 41 | - | €407,732 | +€407,732 | |
| Current investments | 50/53 | €459,664 | €0 | -€459,664 | -100% |
| Cash at bank and in hand | 54/58 | €138,069 | €290,868 | +€152,799 | +111% |
| Deferred charges and accrued income | 490/1 | €3,207 | €814 | -€2,393 | -74.6% |
| Total equity and liabilities | 10/49 | €618,325 | €727,711 | +€109,386 | +17.7% |
| Equity | 10/15 | €588,183 | €685,285 | +€97,102 | +16.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €569,591 | €666,693 | +€97,102 | +17.0% |
| Distributable reserves | 133 | €569,591 | €666,693 | +€97,102 | +17.0% |
| Amounts payable | 17/49 | €30,141 | €42,426 | +€12,284 | +40.8% |
| Amounts payable within one year | 42/48 | €29,709 | €42,116 | +€12,407 | +41.8% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €1,323 | €1,430 | +€107 | +8.1% |
| Suppliers | 440/4 | €1,323 | €1,430 | +€107 | +8.1% |
| Taxes, remuneration and social security | 45 | €20,350 | €40,685 | +€20,335 | +99.9% |
| Taxes | 450/3 | €20,350 | €40,685 | +€20,335 | +99.9% |
| Other amounts payable | 47/48 | €8,036 | €0 | -€8,036 | -100% |
| Accrued charges and deferred income | 492/3 | €433 | €309 | -€123 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €1,026 | +€130 | +14.6% |
| Other operating charges | 640/8 | €594 | €1,572 | +€978 | +165% |
| Gross operating margin | 9900 | €86,850 | €83,019 | -€3,831 | -4.4% |
| Operating profit (loss) | 9901 | €85,361 | €80,421 | -€4,940 | -5.8% |
| Financial income | 75/76B | €14,330 | €62,934 | +€48,605 | +339% |
| Recurring financial income | 75 | €14,330 | €62,934 | +€48,605 | +339% |
| Financial charges | 65/66B | €47 | -€960 | -€1,007 | |
| Recurring financial charges | 65 | €47 | -€960 | -€1,007 | |
| Profit (loss) for the period before taxes | 9903 | €99,644 | €144,316 | +€44,672 | +44.8% |
| Income taxes | 67/77 | €33,350 | €47,214 | +€13,864 | +41.6% |
| Profit (loss) for the period | 9904 | €66,294 | €97,102 | +€30,808 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,294 | €97,102 | +€30,808 | +46.5% |
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 27 October 2026 via checked.be.