MOHAMMAD RASHID: 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.
MOHAMMAD RASHID
Largest movements
- Receivables within one year -€1,224
down €1,224 (-2.2%), from €54,434 to €53,211
of which Other amounts receivable: -€627
- Other debts -€7,200
no longer reported in 2025 (was €7,200)
- Trade debts +€3,639
up €3,639 (+2,565%), from €142 to €3,781
- Tax, wage and social debts +€2,612
up €2,612 (+20.8%), from €12,557 to €15,169
of which Remuneration and social security: +€5,395
- Gross operating margin -€13,471
down €13,471 (-61.6%), from €21,883 to €8,412
- Staff costs +€10,328
new in 2025: €10,328
- Taxes -€6,411
down €6,411 (-100.0%), from €6,414 to €3
- Financial income +€402
up €402 (+22.5%), from €1,787 to €2,189
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,434 | €53,664 | -€770 | -1.4% |
| Current assets | 29/58 | €54,434 | €53,664 | -€770 | -1.4% |
| Amounts receivable within one year | 40/41 | €54,434 | €53,211 | -€1,224 | -2.2% |
| Trade receivables | 40 | €6,191 | €5,593 | -€597 | -9.6% |
| Other amounts receivable | 41 | €48,244 | €47,617 | -€627 | -1.3% |
| Deferred charges and accrued income | 490/1 | - | €453 | +€453 | |
| Total equity and liabilities | 10/49 | €54,434 | €53,664 | -€770 | -1.4% |
| Equity | 10/15 | €33,486 | €33,496 | +€10 | 0.0% |
| Reserves | 13 | €33,486 | €33,486 | = | 0.0% |
| Distributable reserves | 133 | €33,486 | €33,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10 | +€10 | |
| Amounts payable | 17/49 | €20,948 | €20,168 | -€780 | -3.7% |
| Amounts payable within one year | 42/48 | €20,948 | €20,168 | -€780 | -3.7% |
| Financial debts | 43 | €1,048 | €1,217 | +€169 | +16.1% |
| Credit institutions | 430/8 | €1,048 | €1,217 | +€169 | +16.1% |
| Trade debts | 44 | €142 | €3,781 | +€3,639 | +2,565% |
| Suppliers | 440/4 | €142 | €3,781 | +€3,639 | +2,565% |
| Taxes, remuneration and social security | 45 | €12,557 | €15,169 | +€2,612 | +20.8% |
| Taxes | 450/3 | €12,557 | €9,774 | -€2,783 | -22.2% |
| Remuneration and social security | 454/9 | - | €5,395 | +€5,395 | |
| Other amounts payable | 47/48 | €7,200 | - | -€7,200 | |
| Remuneration, social security and pensions | 62 | - | €10,328 | +€10,328 | |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €21,883 | €8,412 | -€13,471 | -61.6% |
| Operating profit (loss) | 9901 | €21,883 | -€2,043 | -€23,927 | |
| Financial income | 75/76B | €1,787 | €2,189 | +€402 | +22.5% |
| Recurring financial income | 75 | €1,787 | €2,189 | +€402 | +22.5% |
| Financial charges | 65/66B | €152 | €133 | -€19 | -12.2% |
| Recurring financial charges | 65 | €152 | €133 | -€19 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €23,518 | €12 | -€23,506 | -99.9% |
| Income taxes | 67/77 | €6,414 | €3 | -€6,411 | -100.0% |
| Profit (loss) for the period | 9904 | €17,104 | €10 | -€17,095 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,104 | €10 | -€17,095 | -99.9% |
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.