ALEX: 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.
ALEX
Largest movements
- Tangible fixed assets -€5,240
down €5,240 (-25.5%), from €20,520 to €15,280
of which Furniture and vehicles: -€4,823
- Profit (loss) carried forward +€5,594
up €5,594 (+45.0%), from -€12,423 to -€6,830
- Other debts -€4,938
down €4,938 (-25.0%), from €19,748 to €14,810
- Debts after one year -€2,479
down €2,479 (-91.1%), from €2,722 to €243
- Trade debts -€2,459
down €2,459 (-18.8%), from €13,088 to €10,630
- Tax, wage and social debts -€837
down €837 (-5.7%), from €14,752 to €13,915
- Purchases and services +€4,876
up €4,876 (+3.8%), from €129,000 to €133,876
- Gross operating margin -€2,520
down €2,520 (-16.7%), from €15,128 to €12,608
- Turnover +€2,356
up €2,356 (+1.6%), from €144,128 to €146,485
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 | €42,448 | €37,657 | -€4,791 | -11.3% |
| Fixed assets | 21/28 | €20,520 | €15,280 | -€5,240 | -25.5% |
| Tangible fixed assets | 22/27 | €20,520 | €15,280 | -€5,240 | -25.5% |
| Plant, machinery and equipment | 23 | €1,966 | €1,548 | -€418 | -21.2% |
| Furniture and vehicles | 24 | €18,554 | €13,732 | -€4,823 | -26.0% |
| Current assets | 29/58 | €21,928 | €22,377 | +€449 | +2.0% |
| Stocks and contracts in progress | 3 | €9,510 | €9,831 | +€321 | +3.4% |
| Stocks | 30/36 | €9,510 | €9,831 | +€321 | +3.4% |
| Amounts receivable within one year | 40/41 | €2,072 | €2,018 | -€54 | -2.6% |
| Other amounts receivable | 41 | €2,072 | €2,018 | -€54 | -2.6% |
| Cash at bank and in hand | 54/58 | €10,346 | €10,528 | +€182 | +1.8% |
| Total equity and liabilities | 10/49 | €42,448 | €37,657 | -€4,791 | -11.3% |
| Equity | 10/15 | -€12,423 | -€6,830 | +€5,594 | +45.0% |
| Profit (loss) carried forward | 14 | -€12,423 | -€6,830 | +€5,594 | +45.0% |
| Amounts payable | 17/49 | €54,871 | €44,486 | -€10,385 | -18.9% |
| Amounts payable after more than one year | 17 | €2,722 | €243 | -€2,479 | -91.1% |
| Financial debts | 170/4 | €2,722 | €243 | -€2,479 | -91.1% |
| Amounts payable within one year | 42/48 | €49,922 | €42,016 | -€7,906 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €2,333 | €2,661 | +€328 | +14.1% |
| Trade debts | 44 | €13,088 | €10,630 | -€2,459 | -18.8% |
| Suppliers | 440/4 | €13,088 | €10,630 | -€2,459 | -18.8% |
| Taxes, remuneration and social security | 45 | €14,752 | €13,915 | -€837 | -5.7% |
| Remuneration and social security | 454/9 | €14,752 | €13,915 | -€837 | -5.7% |
| Other amounts payable | 47/48 | €19,748 | €14,810 | -€4,938 | -25.0% |
| Accrued charges and deferred income | 492/3 | €2,227 | €2,227 | = | 0.0% |
| Turnover | 70 | €144,128 | €146,485 | +€2,356 | +1.6% |
| Non-recurring operating income | 76A | €13,000 | - | -€13,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €129,000 | €133,876 | +€4,876 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,240 | €5,240 | = | 0.0% |
| Other operating charges | 640/8 | €1,026 | €1,095 | +€69 | +6.7% |
| Non-recurring operating charges | 66A | €5,291 | - | -€5,291 | |
| Gross operating margin | 9900 | €15,128 | €12,608 | -€2,520 | -16.7% |
| Operating profit (loss) | 9901 | €3,570 | €6,273 | +€2,703 | +75.7% |
| Financial charges | 65/66B | €626 | €679 | +€53 | +8.5% |
| Recurring financial charges | 65 | €626 | €679 | +€53 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €2,944 | €5,594 | +€2,650 | +90.0% |
| Profit (loss) for the period | 9904 | €2,944 | €5,594 | +€2,650 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,944 | €5,594 | +€2,650 | +90.0% |
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 18 October 2026 via checked.be.