ALEX DE MEESTER: 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 DE MEESTER
Largest movements
- Cash +€13,533
up €13,533 (+37.9%), from €35,741 to €49,274
mainly Depreciation (+€10,194) and Receivables within one year (+€7,928)
- Current investments +€11,852
up €11,852 (+29.2%), from €40,637 to €52,489
- Tangible fixed assets -€10,194
down €10,194 (-48.8%), from €20,876 to €10,683
of which Furniture and vehicles: -€9,200
- Receivables within one year -€7,928
down €7,928 (-74.0%), from €10,707 to €2,778
of which Other amounts receivable: -€7,705
- Reserves +€5,606
up €5,606 (+9.1%), from €61,685 to €67,291
- Tax, wage and social debts +€1,193
new in 2025: €1,193
- Gross operating margin +€8,334
up €8,334 (+76.1%), from €10,952 to €19,286
- Taxes +€3,030
up €3,030 (+27,148%), from €11 to €3,041
- Depreciation -€1,068
down €1,068 (-9.5%), from €11,261 to €10,194
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 | €107,961 | €115,224 | +€7,263 | +6.7% |
| Fixed assets | 21/28 | €20,876 | €10,683 | -€10,194 | -48.8% |
| Tangible fixed assets | 22/27 | €20,876 | €10,683 | -€10,194 | -48.8% |
| Plant, machinery and equipment | 23 | €1,790 | €797 | -€993 | -55.5% |
| Furniture and vehicles | 24 | €19,086 | €9,885 | -€9,200 | -48.2% |
| Current assets | 29/58 | €87,085 | €104,542 | +€17,457 | +20.0% |
| Amounts receivable within one year | 40/41 | €10,707 | €2,778 | -€7,928 | -74.0% |
| Trade receivables | 40 | €1,597 | €1,374 | -€223 | -14.0% |
| Other amounts receivable | 41 | €9,110 | €1,405 | -€7,705 | -84.6% |
| Current investments | 50/53 | €40,637 | €52,489 | +€11,852 | +29.2% |
| Cash at bank and in hand | 54/58 | €35,741 | €49,274 | +€13,533 | +37.9% |
| Total equity and liabilities | 10/49 | €107,961 | €115,224 | +€7,263 | +6.7% |
| Equity | 10/15 | €77,685 | €83,291 | +€5,606 | +7.2% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €61,685 | €67,291 | +€5,606 | +9.1% |
| Distributable reserves | 133 | €61,685 | €67,291 | +€5,606 | +9.1% |
| Amounts payable | 17/49 | €30,276 | €31,933 | +€1,657 | +5.5% |
| Amounts payable within one year | 42/48 | €30,276 | €31,933 | +€1,657 | +5.5% |
| Trade debts | 44 | €417 | €613 | +€196 | +46.9% |
| Suppliers | 440/4 | €417 | €613 | +€196 | +46.9% |
| Taxes, remuneration and social security | 45 | - | €1,193 | +€1,193 | |
| Taxes | 450/3 | - | €1,193 | +€1,193 | |
| Other amounts payable | 47/48 | €29,859 | €30,128 | +€269 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,261 | €10,194 | -€1,068 | -9.5% |
| Other operating charges | 640/8 | €1,888 | €1,698 | -€189 | -10.0% |
| Non-recurring operating charges | 66A | €563 | - | -€563 | |
| Gross operating margin | 9900 | €10,952 | €19,286 | +€8,334 | +76.1% |
| Operating profit (loss) | 9901 | -€2,759 | €7,394 | +€10,153 | |
| Financial income | 75/76B | €1,310 | €1,311 | +€1 | +0.1% |
| Recurring financial income | 75 | €1,310 | €1,311 | +€1 | +0.1% |
| Financial charges | 65/66B | €98 | €58 | -€40 | -41.1% |
| Recurring financial charges | 65 | €98 | €58 | -€40 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,548 | €8,647 | +€10,195 | |
| Income taxes | 67/77 | €11 | €3,041 | +€3,030 | +27,148% |
| Profit (loss) for the period | 9904 | -€1,559 | €5,606 | +€7,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,559 | €5,606 | +€7,165 |
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 28 October 2026 via checked.be.