KHALID OUADI: what changed
Two fiscal 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.
KHALID OUADI
Largest movements
- Receivables within one year +€35,163
up €35,163 (+47.6%), from €73,867 to €109,030
of which Other amounts receivable: +€28,857
- Cash -€11,219
down €11,219 (-8.7%), from €129,368 to €118,149
mainly Contributions, distributions and other (-€149,405) and Receivables within one year (-€35,163)
- Tangible fixed assets +€9,667
up €9,667 (+360.5%), from €2,681 to €12,348
- Deferred charges and accrued income -€2,597
down €2,597 (-94.3%), from €2,754 to €156
- Other debts +€35,522
up €35,522 (+31.2%), from €113,882 to €149,405
- Tax, wage and social debts -€10,886
down €10,886 (-25.9%), from €42,046 to €31,160
- Accrued charges and deferred income +€4,213
new in 2025: €4,213
- Gross operating margin +€61,661
up €61,661 (+43.3%), from €142,308 to €203,970
- Taxes +€15,426
up €15,426 (+41.3%), from €37,346 to €52,773
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.
Cash bridge derived
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 | €208,670 | €239,683 | +€31,013 | +14.9% |
| Fixed assets | 21/28 | €2,681 | €12,348 | +€9,667 | +360.5% |
| Tangible fixed assets | 22/27 | €2,681 | €12,348 | +€9,667 | +360.5% |
| Furniture and vehicles | 24 | €2,681 | €12,348 | +€9,667 | +360.5% |
| Current assets | 29/58 | €205,988 | €227,335 | +€21,347 | +10.4% |
| Amounts receivable within one year | 40/41 | €73,867 | €109,030 | +€35,163 | +47.6% |
| Trade receivables | 40 | €41,350 | €47,657 | +€6,306 | +15.3% |
| Other amounts receivable | 41 | €32,517 | €61,373 | +€28,857 | +88.7% |
| Cash at bank and in hand | 54/58 | €129,368 | €118,149 | -€11,219 | -8.7% |
| Deferred charges and accrued income | 490/1 | €2,754 | €156 | -€2,597 | -94.3% |
| Total equity and liabilities | 10/49 | €208,670 | €239,683 | +€31,013 | +14.9% |
| Equity | 10/15 | €33,648 | €33,648 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,048 | €15,048 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,188 | €13,188 | = | 0.0% |
| Amounts payable | 17/49 | €175,022 | €206,035 | +€31,013 | +17.7% |
| Amounts payable within one year | 42/48 | €175,022 | €201,822 | +€26,800 | +15.3% |
| Trade debts | 44 | €19,093 | €21,257 | +€2,164 | +11.3% |
| Suppliers | 440/4 | €19,093 | €21,257 | +€2,164 | +11.3% |
| Taxes, remuneration and social security | 45 | €42,046 | €31,160 | -€10,886 | -25.9% |
| Taxes | 450/3 | €42,046 | €31,160 | -€10,886 | -25.9% |
| Other amounts payable | 47/48 | €113,882 | €149,405 | +€35,522 | +31.2% |
| Accrued charges and deferred income | 492/3 | - | €4,213 | +€4,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,399 | €3,300 | -€100 | -2.9% |
| Other operating charges | 640/8 | €1,717 | €511 | -€1,206 | -70.2% |
| Non-recurring operating charges | 66A | - | €232 | +€232 | |
| Gross operating margin | 9900 | €142,308 | €203,970 | +€61,661 | +43.3% |
| Operating profit (loss) | 9901 | €137,192 | €199,927 | +€62,735 | +45.7% |
| Financial income | 75/76B | €2,504 | €3,018 | +€514 | +20.5% |
| Recurring financial income | 75 | €2,504 | €3,018 | +€514 | +20.5% |
| Financial charges | 65/66B | €1,473 | €768 | -€705 | -47.8% |
| Recurring financial charges | 65 | €1,473 | €768 | -€705 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €138,224 | €202,177 | +€63,954 | +46.3% |
| Income taxes | 67/77 | €37,346 | €52,773 | +€15,426 | +41.3% |
| Profit (loss) for the period | 9904 | €100,877 | €149,405 | +€48,527 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,877 | €149,405 | +€48,527 | +48.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.