Alert Marktonderzoek: what changed
Alert Marktonderzoek
Largest movements
- Receivables within one year +€22,957
up €22,957 (+218%), from €10,523 to €33,480
of which Trade receivables: +€23,047
- Cash +€5,432
up €5,432 (+43.1%), from €12,599 to €18,031
mainly Other debts (+€35,135) and Net result for the year (+€14,178)
- Deferred charges and accrued income +€1,733
new in 2025: €1,733
- Tangible fixed assets -€1,064
down €1,064 (-29.3%), from €3,634 to €2,571
of which Furniture and vehicles: -€1,064
- Other debts +€35,135
up €35,135, from €0 to €35,135
- Reserves -€20,957
down €20,957 (-33.0%), from €63,549 to €42,592
- Accrued charges and deferred income +€7,250
new in 2025: €7,250
- Tax, wage and social debts +€6,833
up €6,833 (+1,119%), from €611 to €7,444
- Gross operating margin +€18,292
up €18,292 (+478%), from €3,831 to €22,123
- Taxes +€5,676
up €5,676 (+379%), from €1,498 to €7,174
- Depreciation -€718
down €718 (-40.3%), from €1,782 to €1,064
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,757 | €105,815 | +€29,058 | +37.9% |
| Fixed assets | 21/28 | €3,634 | €2,571 | -€1,064 | -29.3% |
| Tangible fixed assets | 22/27 | €3,634 | €2,571 | -€1,064 | -29.3% |
| Furniture and vehicles | 24 | €3,634 | €2,571 | -€1,064 | -29.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €73,123 | €103,244 | +€30,122 | +41.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,523 | €33,480 | +€22,957 | +218% |
| Trade receivables | 40 | €7,112 | €30,159 | +€23,047 | +324% |
| Other amounts receivable | 41 | €3,411 | €3,321 | -€91 | -2.7% |
| Cash at bank and in hand | 54/58 | €12,599 | €18,031 | +€5,432 | +43.1% |
| Deferred charges and accrued income | 490/1 | - | €1,733 | +€1,733 | |
| Total equity and liabilities | 10/49 | €76,757 | €105,815 | +€29,058 | +37.9% |
| Equity | 10/15 | €75,949 | €54,992 | -€20,957 | -27.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,549 | €42,592 | -€20,957 | -33.0% |
| Distributable reserves | 133 | €63,549 | €42,592 | -€20,957 | -33.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €808 | €50,823 | +€50,015 | +6,188% |
| Amounts payable within one year | 42/48 | €808 | €43,573 | +€42,765 | +5,291% |
| Trade debts | 44 | €198 | €994 | +€796 | +403% |
| Suppliers | 440/4 | €198 | €994 | +€796 | +403% |
| Taxes, remuneration and social security | 45 | €611 | €7,444 | +€6,833 | +1,119% |
| Taxes | 450/3 | €611 | €7,444 | +€6,833 | +1,119% |
| Other amounts payable | 47/48 | €0 | €35,135 | +€35,135 | |
| Accrued charges and deferred income | 492/3 | - | €7,250 | +€7,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,782 | €1,064 | -€718 | -40.3% |
| Other operating charges | 640/8 | €1,032 | €1,234 | +€201 | +19.5% |
| Gross operating margin | 9900 | €3,831 | €22,123 | +€18,292 | +478% |
| Operating profit (loss) | 9901 | €1,017 | €19,825 | +€18,808 | +1,850% |
| Financial income | 75/76B | €1,569 | €1,601 | +€32 | +2.0% |
| Recurring financial income | 75 | €1,569 | €1,601 | +€32 | +2.0% |
| Financial charges | 65/66B | €74 | €74 | +€1 | +0.7% |
| Recurring financial charges | 65 | €74 | €74 | +€1 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €2,513 | €21,352 | +€18,840 | +750% |
| Income taxes | 67/77 | €1,498 | €7,174 | +€5,676 | +379% |
| Profit (loss) for the period | 9904 | €1,014 | €14,178 | +€13,164 | +1,298% |
| Profit (loss) for the period to be appropriated | 9905 | €1,014 | €14,178 | +€13,164 | +1,298% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.