SHEIK YERBOUTI: 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.
SHEIK YERBOUTI
Largest movements
- Cash +€4,556
up €4,556 (+43.7%), from €10,434 to €14,990
mainly Net result for the year (+€21,306) and Depreciation (+€6,078)
- Receivables within one year -€2,383
down €2,383 (-14.3%), from €16,712 to €14,330
- Stocks and contracts -€1,556
down €1,556 (-40.8%), from €3,816 to €2,260
- Trade debts -€28,010
down €28,010 (-65.0%), from €43,117 to €15,107
- Reserves +€20,000
up €20,000 (+6,667%), from €300 to €20,300
- Tax, wage and social debts +€4,444
up €4,444 (+108%), from €4,125 to €8,569
of which Taxes: +€6,253
- Other debts +€3,357
new in 2025: €3,357
- Profit (loss) carried forward +€1,306
up €1,306 (+3,703%), from €35 to €1,342
- Staff costs -€114,608
down €114,608, from €112,799 to -€1,809
- Gross operating margin -€80,578
down €80,578 (-67.7%), from €118,946 to €38,368
- Taxes +€6,502
up €6,502 (+1,682%), from €386 to €6,888
- Depreciation +€3,867
up €3,867 (+175%), from €2,211 to €6,078
- Other operating charges +€2,932
up €2,932 (+120%), from €2,439 to €5,371
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 | €50,578 | €51,675 | +€1,097 | +2.2% |
| Fixed assets | 21/28 | €19,615 | €20,095 | +€480 | +2.4% |
| Tangible fixed assets | 22/27 | €19,615 | €20,095 | +€480 | +2.4% |
| Plant, machinery and equipment | 23 | €15,030 | €16,568 | +€1,538 | +10.2% |
| Furniture and vehicles | 24 | €4,585 | €3,527 | -€1,057 | -23.1% |
| Current assets | 29/58 | €30,963 | €31,580 | +€617 | +2.0% |
| Stocks and contracts in progress | 3 | €3,816 | €2,260 | -€1,556 | -40.8% |
| Stocks | 30/36 | €3,816 | €2,260 | -€1,556 | -40.8% |
| Amounts receivable within one year | 40/41 | €16,712 | €14,330 | -€2,383 | -14.3% |
| Other amounts receivable | 41 | €16,712 | €14,330 | -€2,383 | -14.3% |
| Cash at bank and in hand | 54/58 | €10,434 | €14,990 | +€4,556 | +43.7% |
| Total equity and liabilities | 10/49 | €50,578 | €51,675 | +€1,097 | +2.2% |
| Equity | 10/15 | €3,335 | €24,642 | +€21,306 | +639% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €20,300 | +€20,000 | +6,667% |
| Distributable reserves | 133 | €300 | €20,300 | +€20,000 | +6,667% |
| Profit (loss) carried forward | 14 | €35 | €1,342 | +€1,306 | +3,703% |
| Amounts payable | 17/49 | €47,242 | €27,033 | -€20,209 | -42.8% |
| Amounts payable within one year | 42/48 | €47,242 | €27,033 | -€20,209 | -42.8% |
| Trade debts | 44 | €43,117 | €15,107 | -€28,010 | -65.0% |
| Suppliers | 440/4 | €43,117 | €15,107 | -€28,010 | -65.0% |
| Taxes, remuneration and social security | 45 | €4,125 | €8,569 | +€4,444 | +108% |
| Taxes | 450/3 | €2,316 | €8,569 | +€6,253 | +270% |
| Remuneration and social security | 454/9 | €1,809 | - | -€1,809 | |
| Other amounts payable | 47/48 | - | €3,357 | +€3,357 | |
| Remuneration, social security and pensions | 62 | €112,799 | -€1,809 | -€114,608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,211 | €6,078 | +€3,867 | +175% |
| Other operating charges | 640/8 | €2,439 | €5,371 | +€2,932 | +120% |
| Gross operating margin | 9900 | €118,946 | €38,368 | -€80,578 | -67.7% |
| Operating profit (loss) | 9901 | €1,498 | €28,728 | +€27,231 | +1,818% |
| Financial income | 75/76B | €74 | €17 | -€56 | -76.5% |
| Recurring financial income | 75 | €74 | €17 | -€56 | -76.5% |
| Financial charges | 65/66B | €849 | €551 | -€298 | -35.1% |
| Recurring financial charges | 65 | €849 | €551 | -€298 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €722 | €28,194 | +€27,473 | +3,807% |
| Income taxes | 67/77 | €386 | €6,888 | +€6,502 | +1,682% |
| Profit (loss) for the period | 9904 | €335 | €21,306 | +€20,971 | +6,255% |
| Profit (loss) for the period to be appropriated | 9905 | €335 | €21,306 | +€20,971 | +6,255% |
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 17 October 2026 via checked.be.