MALIK AOUADI: 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.
MALIK AOUADI
Largest movements
- Receivables within one year +€46,946
up €46,946 (+123,057%), from €38 to €46,984
of which Other amounts receivable: +€42,500
- Cash -€12,855
down €12,855 (-27.6%), from €46,541 to €33,686
mainly Receivables within one year (-€46,946) and Other debts (-€3,705)
- Tangible fixed assets -€1,110
down €1,110 (-26.1%), from €4,255 to €3,145
of which Plant, machinery and equipment: -€912
- Profit (loss) carried forward +€31,879
up €31,879 (+123%), from €25,827 to €57,706
- Tax, wage and social debts +€6,390
up €6,390 (+41.6%), from €15,363 to €21,753
- Other debts -€3,705
down €3,705 (-95.6%), from €3,874 to €169
- Trade debts -€1,602
down €1,602 (-55.6%), from €2,884 to €1,281
- Gross operating margin +€4,627
up €4,627 (+13.4%), from €34,510 to €39,138
- Financial income +€1,875
new in 2025: €1,875
- Depreciation +€548
up €548 (+97.5%), from €562 to €1,110
- Taxes -€431
down €431 (-5.4%), from €7,986 to €7,555
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 | €50,948 | €83,910 | +€32,962 | +64.7% |
| Fixed assets | 21/28 | €4,350 | €3,240 | -€1,110 | -25.5% |
| Tangible fixed assets | 22/27 | €4,255 | €3,145 | -€1,110 | -26.1% |
| Plant, machinery and equipment | 23 | €912 | - | -€912 | |
| Furniture and vehicles | 24 | €3,342 | €3,145 | -€197 | -5.9% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €46,598 | €80,670 | +€34,072 | +73.1% |
| Amounts receivable within one year | 40/41 | €38 | €46,984 | +€46,946 | +123,057% |
| Trade receivables | 40 | €38 | €4,484 | +€4,446 | +11,654% |
| Other amounts receivable | 41 | - | €42,500 | +€42,500 | |
| Cash at bank and in hand | 54/58 | €46,541 | €33,686 | -€12,855 | -27.6% |
| Deferred charges and accrued income | 490/1 | €19 | €0 | -€19 | -100% |
| Total equity and liabilities | 10/49 | €50,948 | €83,910 | +€32,962 | +64.7% |
| Equity | 10/15 | €28,827 | €60,706 | +€31,879 | +111% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,827 | €57,706 | +€31,879 | +123% |
| Amounts payable | 17/49 | €22,121 | €23,204 | +€1,083 | +4.9% |
| Amounts payable within one year | 42/48 | €22,121 | €23,204 | +€1,083 | +4.9% |
| Trade debts | 44 | €2,884 | €1,281 | -€1,602 | -55.6% |
| Suppliers | 440/4 | €2,884 | €1,281 | -€1,602 | -55.6% |
| Taxes, remuneration and social security | 45 | €15,363 | €21,753 | +€6,390 | +41.6% |
| Taxes | 450/3 | €15,363 | €21,753 | +€6,390 | +41.6% |
| Other amounts payable | 47/48 | €3,874 | €169 | -€3,705 | -95.6% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €1,110 | +€548 | +97.5% |
| Gross operating margin | 9900 | €34,510 | €39,138 | +€4,627 | +13.4% |
| Operating profit (loss) | 9901 | €33,948 | €38,028 | +€4,080 | +12.0% |
| Financial income | 75/76B | - | €1,875 | +€1,875 | |
| Recurring financial income | 75 | - | €1,875 | +€1,875 | |
| Financial charges | 65/66B | €136 | €469 | +€333 | +244% |
| Recurring financial charges | 65 | €136 | €469 | +€333 | +244% |
| Profit (loss) for the period before taxes | 9903 | €33,812 | €39,434 | +€5,621 | +16.6% |
| Income taxes | 67/77 | €7,986 | €7,555 | -€431 | -5.4% |
| Profit (loss) for the period | 9904 | €25,827 | €31,879 | +€6,052 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,827 | €31,879 | +€6,052 | +23.4% |
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.