A3lex: 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.
A3lex
Largest movements
- Cash -€39,628
down €39,628 (-74.2%), from €53,400 to €13,772
mainly Trade debts (-€27,830) and Receivables after one year (-€22,792)
- Receivables after one year +€22,792
new in 2025: €22,792
- Tangible fixed assets +€6,662
up €6,662 (+11.6%), from €57,431 to €64,093
of which Other tangible fixed assets: +€12,730
- Trade debts -€27,830
down €27,830 (-81.5%), from €34,130 to €6,301
- Reserves +€15,468
up €15,468 (+37.7%), from €41,018 to €56,486
- Debts after one year +€1,653
up €1,653 (+5.0%), from €33,344 to €34,997
- Gross operating margin +€11,471
up €11,471 (+46.1%), from €24,893 to €36,363
- Depreciation +€4,644
up €4,644 (+61.9%), from €7,502 to €12,147
- Taxes +€1,300
up €1,300 (+32.6%), from €3,995 to €5,296
- Financial charges -€569
down €569 (-15.9%), from €3,583 to €3,014
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 | €124,711 | €114,794 | -€9,917 | -8.0% |
| Fixed assets | 21/28 | €57,431 | €64,093 | +€6,662 | +11.6% |
| Tangible fixed assets | 22/27 | €57,431 | €64,093 | +€6,662 | +11.6% |
| Furniture and vehicles | 24 | €19,256 | €13,187 | -€6,068 | -31.5% |
| Other tangible fixed assets | 26 | €38,175 | €50,905 | +€12,730 | +33.3% |
| Current assets | 29/58 | €67,280 | €50,701 | -€16,579 | -24.6% |
| Amounts receivable after more than one year | 29 | - | €22,792 | +€22,792 | |
| Other amounts receivable | 291 | - | €22,792 | +€22,792 | |
| Amounts receivable within one year | 40/41 | €11,128 | €11,489 | +€361 | +3.2% |
| Trade receivables | 40 | €11,128 | €11,489 | +€361 | +3.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53,400 | €13,772 | -€39,628 | -74.2% |
| Deferred charges and accrued income | 490/1 | €2,752 | €2,649 | -€103 | -3.8% |
| Total equity and liabilities | 10/49 | €124,711 | €114,794 | -€9,917 | -8.0% |
| Equity | 10/15 | €43,518 | €58,986 | +€15,468 | +35.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €41,018 | €56,486 | +€15,468 | +37.7% |
| Distributable reserves | 133 | €41,018 | €56,486 | +€15,468 | +37.7% |
| Amounts payable | 17/49 | €81,193 | €55,808 | -€25,385 | -31.3% |
| Amounts payable after more than one year | 17 | €33,344 | €34,997 | +€1,653 | +5.0% |
| Other amounts payable | 178/9 | €33,344 | €34,997 | +€1,653 | +5.0% |
| Amounts payable within one year | 42/48 | €47,848 | €20,391 | -€27,458 | -57.4% |
| Trade debts | 44 | €34,130 | €6,301 | -€27,830 | -81.5% |
| Suppliers | 440/4 | €34,130 | €6,301 | -€27,830 | -81.5% |
| Taxes, remuneration and social security | 45 | €10,568 | €10,735 | +€167 | +1.6% |
| Taxes | 450/3 | €8,868 | €7,335 | -€1,533 | -17.3% |
| Remuneration and social security | 454/9 | €1,700 | €3,400 | +€1,700 | +100.0% |
| Other amounts payable | 47/48 | €3,150 | €3,355 | +€205 | +6.5% |
| Accrued charges and deferred income | 492/3 | - | €420 | +€420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,502 | €12,147 | +€4,644 | +61.9% |
| Other operating charges | 640/8 | €1,287 | €1,231 | -€56 | -4.4% |
| Gross operating margin | 9900 | €24,893 | €36,363 | +€11,471 | +46.1% |
| Operating profit (loss) | 9901 | €16,103 | €22,986 | +€6,883 | +42.7% |
| Financial income | 75/76B | €1,092 | €792 | -€301 | -27.5% |
| Recurring financial income | 75 | €1,092 | €792 | -€301 | -27.5% |
| Financial charges | 65/66B | €3,583 | €3,014 | -€569 | -15.9% |
| Recurring financial charges | 65 | €3,583 | €3,014 | -€569 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €13,612 | €20,764 | +€7,151 | +52.5% |
| Income taxes | 67/77 | €3,995 | €5,296 | +€1,300 | +32.6% |
| Profit (loss) for the period | 9904 | €9,617 | €15,468 | +€5,851 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,617 | €15,468 | +€5,851 | +60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.