ALEX & CHRIS: 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 & CHRIS
Largest movements
- Cash -€37,006
down €37,006 (-58.4%), from €63,331 to €26,326
mainly Trade debts (-€47,113) and Contributions, distributions and other (-€40,000)
- Receivables within one year -€6,901
down €6,901 (-4.9%), from €141,017 to €134,116
of which Other amounts receivable: -€31,276
- Deferred charges and accrued income +€5,235
up €5,235 (+6,463%), from €81 to €5,316
- Tangible fixed assets -€2,876
down €2,876 (-55.6%), from €5,172 to €2,296
- Stocks and contracts -€2,500
no longer reported in 2025 (was €2,500)
- Trade debts -€47,113
down €47,113 (-68.9%), from €68,373 to €21,260
- Tax, wage and social debts -€32,678
down €32,678 (-98.6%), from €33,133 to €455
of which Remuneration and social security: -€23,951
- Other debts +€16,870
up €16,870 (+55.8%), from €30,241 to €47,110
- Advances received +€11,100
new in 2025: €11,100
- Profit (loss) carried forward +€4,124
up €4,124 (+5.3%), from €77,355 to €81,479
- Staff costs -€189,741
down €189,741 (-72.1%), from €262,986 to €73,244
- Gross operating margin -€142,239
down €142,239 (-51.2%), from €277,940 to €135,701
- Financial charges +€5,559
up €5,559 (+62.4%), from €8,911 to €14,470
- Other operating charges -€5,232
down €5,232 (-90.7%), from €5,767 to €535
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 | €212,101 | €168,054 | -€44,048 | -20.8% |
| Fixed assets | 21/28 | €5,172 | €2,296 | -€2,876 | -55.6% |
| Tangible fixed assets | 22/27 | €5,172 | €2,296 | -€2,876 | -55.6% |
| Plant, machinery and equipment | 23 | €3,238 | €1,815 | -€1,423 | -43.9% |
| Furniture and vehicles | 24 | €766 | €275 | -€491 | -64.1% |
| Other tangible fixed assets | 26 | €1,168 | €206 | -€962 | -82.4% |
| Current assets | 29/58 | €206,929 | €165,758 | -€41,172 | -19.9% |
| Stocks and contracts in progress | 3 | €2,500 | - | -€2,500 | |
| Stocks | 30/36 | €2,500 | - | -€2,500 | |
| Amounts receivable within one year | 40/41 | €141,017 | €134,116 | -€6,901 | -4.9% |
| Trade receivables | 40 | €16,437 | €40,812 | +€24,374 | +148% |
| Other amounts receivable | 41 | €124,580 | €93,304 | -€31,276 | -25.1% |
| Cash at bank and in hand | 54/58 | €63,331 | €26,326 | -€37,006 | -58.4% |
| Deferred charges and accrued income | 490/1 | €81 | €5,316 | +€5,235 | +6,463% |
| Total equity and liabilities | 10/49 | €212,101 | €168,054 | -€44,048 | -20.8% |
| Equity | 10/15 | €80,355 | €84,479 | +€4,124 | +5.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,355 | €81,479 | +€4,124 | +5.3% |
| Amounts payable | 17/49 | €131,746 | €83,575 | -€48,172 | -36.6% |
| Amounts payable within one year | 42/48 | €131,746 | €79,925 | -€51,821 | -39.3% |
| Trade debts | 44 | €68,373 | €21,260 | -€47,113 | -68.9% |
| Suppliers | 440/4 | €68,373 | €21,260 | -€47,113 | -68.9% |
| Advances received on contracts in progress | 46 | - | €11,100 | +€11,100 | |
| Taxes, remuneration and social security | 45 | €33,133 | €455 | -€32,678 | -98.6% |
| Taxes | 450/3 | €9,181 | €455 | -€8,727 | -95.0% |
| Remuneration and social security | 454/9 | €23,951 | - | -€23,951 | |
| Other amounts payable | 47/48 | €30,241 | €47,110 | +€16,870 | +55.8% |
| Accrued charges and deferred income | 492/3 | - | €3,649 | +€3,649 | |
| Remuneration, social security and pensions | 62 | €262,986 | €73,244 | -€189,741 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,803 | €2,876 | -€927 | -24.4% |
| Other operating charges | 640/8 | €5,767 | €535 | -€5,232 | -90.7% |
| Gross operating margin | 9900 | €277,940 | €135,701 | -€142,239 | -51.2% |
| Operating profit (loss) | 9901 | €5,384 | €59,046 | +€53,661 | +997% |
| Financial income | 75/76B | €0 | €3 | +€3 | +8,200% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +8,200% |
| Financial charges | 65/66B | €8,911 | €14,470 | +€5,559 | +62.4% |
| Recurring financial charges | 65 | €8,911 | €14,470 | +€5,559 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,527 | €44,579 | +€48,106 | |
| Income taxes | 67/77 | - | €455 | +€455 | |
| Profit (loss) for the period | 9904 | -€3,527 | €44,124 | +€47,651 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,527 | €44,124 | +€47,651 |
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 30 October 2026 via checked.be.