Khadija Aourz: 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.
Khadija Aourz
Largest movements
- Receivables within one year +€63,789
up €63,789 (+1,424%), from €4,480 to €68,269
of which Other amounts receivable: +€45,824
- Cash +€22,841
up €22,841 (+17.9%), from €127,324 to €150,164
mainly Net result for the year (+€60,047) and Tax, wage and social debts (+€20,636)
- Reserves +€60,047
up €60,047 (+68.1%), from €88,123 to €148,170
- Tax, wage and social debts +€20,636
up €20,636 (+47.6%), from €43,397 to €64,033
- Trade debts +€5,614
up €5,614 (+614%), from €915 to €6,529
- Gross operating margin -€16,283
down €16,283 (-16.7%), from €97,439 to €81,156
- Taxes -€2,409
down €2,409 (-12.3%), from €19,543 to €17,133
- Financial charges -€1,575
down €1,575 (-36.6%), from €4,308 to €2,733
- Other operating charges +€1,153
up €1,153 (+263%), from €439 to €1,592
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 | €135,435 | €221,732 | +€86,298 | +63.7% |
| Fixed assets | 21/28 | €2,799 | €2,199 | -€600 | -21.4% |
| Tangible fixed assets | 22/27 | €2,799 | €2,199 | -€600 | -21.4% |
| Furniture and vehicles | 24 | €2,799 | €2,199 | -€600 | -21.4% |
| Current assets | 29/58 | €132,635 | €219,533 | +€86,898 | +65.5% |
| Amounts receivable within one year | 40/41 | €4,480 | €68,269 | +€63,789 | +1,424% |
| Trade receivables | 40 | €0 | €17,966 | +€17,966 | |
| Other amounts receivable | 41 | €4,480 | €50,304 | +€45,824 | +1,023% |
| Cash at bank and in hand | 54/58 | €127,324 | €150,164 | +€22,841 | +17.9% |
| Deferred charges and accrued income | 490/1 | €832 | €1,099 | +€268 | +32.2% |
| Total equity and liabilities | 10/49 | €135,435 | €221,732 | +€86,298 | +63.7% |
| Equity | 10/15 | €91,123 | €151,170 | +€60,047 | +65.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €88,123 | €148,170 | +€60,047 | +68.1% |
| Distributable reserves | 133 | €88,123 | €148,170 | +€60,047 | +68.1% |
| Amounts payable | 17/49 | €44,311 | €70,562 | +€26,251 | +59.2% |
| Amounts payable within one year | 42/48 | €44,311 | €70,562 | +€26,251 | +59.2% |
| Trade debts | 44 | €915 | €6,529 | +€5,614 | +614% |
| Suppliers | 440/4 | €915 | €6,529 | +€5,614 | +614% |
| Taxes, remuneration and social security | 45 | €43,397 | €64,033 | +€20,636 | +47.6% |
| Taxes | 450/3 | €43,397 | €64,033 | +€20,636 | +47.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201 | €600 | +€399 | +199% |
| Other operating charges | 640/8 | €439 | €1,592 | +€1,153 | +263% |
| Gross operating margin | 9900 | €97,439 | €81,156 | -€16,283 | -16.7% |
| Operating profit (loss) | 9901 | €96,799 | €78,965 | -€17,835 | -18.4% |
| Financial income | 75/76B | €97 | €948 | +€851 | +879% |
| Recurring financial income | 75 | €97 | €948 | +€851 | +879% |
| Financial charges | 65/66B | €4,308 | €2,733 | -€1,575 | -36.6% |
| Recurring financial charges | 65 | €4,308 | €2,733 | -€1,575 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €92,588 | €77,180 | -€15,409 | -16.6% |
| Income taxes | 67/77 | €19,543 | €17,133 | -€2,409 | -12.3% |
| Profit (loss) for the period | 9904 | €73,046 | €60,047 | -€12,999 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,046 | €60,047 | -€12,999 | -17.8% |
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 19 October 2026 via checked.be.