ALEX DECRAEMER: what changed
What changed
ALEX DECRAEMER
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€27,090
2024 · €38,704-€11,614
Equity
€344,779
2024 · €317,688+€27,090
Cash
€314,319
2024 · €96,533+€217,786
Balance sheet total
€1.3m
2024 · €1.0m+€202,270
Largest movements
Assets
- Tangible fixed assets +€298,381
up €298,381 (+762%), from €39,142 to €337,523
of which Other tangible fixed assets: +€286,833
- Current investments -€250,175
down €250,175 (-100%), from €250,175 to €0
- Cash +€217,786
up €217,786 (+226%), from €96,533 to €314,319
mainly Current investments (+€250,175) and Debts after one year (+€172,046)
- Intangible fixed assets -€68,790
down €68,790 (-10.8%), from €634,425 to €565,635
Equity and liabilities
- Debts after one year +€172,046
up €172,046 (+31.6%), from €543,925 to €715,971
- Profit (loss) carried forward +€27,090
up €27,090 (+14.8%), from -€183,357 to -€156,266
Income statement
- Gross operating margin +€115,376
up €115,376 (+38.9%), from €296,714 to €412,090
- Staff costs +€110,993
up €110,993 (+66.7%), from €166,367 to €277,360
- Depreciation +€24,788
up €24,788 (+41.6%), from €59,617 to €84,404
- Taxes -€14,479
down €14,479 (-75.8%), from €19,103 to €4,624
- Financial charges +€9,660
up €9,660 (+56.1%), from €17,210 to €26,870
of which Financial charges: +€9,660
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.
Result 2024
€38,704
Gross operating margin
+€115,376
Staff costs
-€110,993
Depreciation
-€24,788
Other operating charges
-€1,256
Financial income
+€5,228
Financial charges
-€9,660
Taxes
+€14,479
Result 2025
€27,090
raises the resultlowers the result
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.
From operations
+€115,781
Investment
-€63,821
Financing
+€165,826
Cash 2024
€96,533
From operations (derived)
+€115,781
Net result for the year
+€27,090
Depreciation
+€84,404
Receivables within one year
-€5,773
Deferred charges and accrued income
+€705
Trade debts
+€9,880
Tax, wage and social debts
+€1,532
Other debts
-€2,058
Investment (derived)
-€63,821
Investment in fixed assets (net)
-€313,996
Current investments
+€250,175
Financing
+€165,826
Debts after one year
+€172,046
Current portion of long-term debt
-€6,220
Cash 2025
€314,319
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,048,253 | €1,250,523 | +€202,270 | +19.3% |
| Fixed assets | 21/28 | €673,567 | €903,158 | +€229,591 | +34.1% |
| Intangible fixed assets | 21 | €634,425 | €565,635 | -€68,790 | -10.8% |
| Tangible fixed assets | 22/27 | €39,142 | €337,523 | +€298,381 | +762% |
| Plant, machinery and equipment | 23 | €10,424 | €10,407 | -€17 | -0.2% |
| Furniture and vehicles | 24 | €16,021 | €27,587 | +€11,566 | +72.2% |
| Other tangible fixed assets | 26 | €12,697 | €299,529 | +€286,833 | +2,259% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €374,686 | €347,365 | -€27,321 | -7.3% |
| Amounts receivable within one year | 40/41 | €23,540 | €29,313 | +€5,773 | +24.5% |
| Trade receivables | 40 | €16,030 | €23,242 | +€7,212 | +45.0% |
| Other amounts receivable | 41 | €7,510 | €6,071 | -€1,439 | -19.2% |
| Current investments | 50/53 | €250,175 | €0 | -€250,175 | -100% |
| Cash at bank and in hand | 54/58 | €96,533 | €314,319 | +€217,786 | +226% |
| Deferred charges and accrued income | 490/1 | €4,438 | €3,733 | -€705 | -15.9% |
| Total equity and liabilities | 10/49 | €1,048,253 | €1,250,523 | +€202,270 | +19.3% |
| Equity | 10/15 | €317,688 | €344,779 | +€27,090 | +8.5% |
| Contributions | 10/11 | €419,900 | €419,900 | = | 0.0% |
| Reserves | 13 | €81,145 | €81,145 | = | 0.0% |
| Distributable reserves | 133 | €81,145 | €81,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,357 | -€156,266 | +€27,090 | +14.8% |
| Amounts payable | 17/49 | €730,564 | €905,744 | +€175,180 | +24.0% |
| Amounts payable after more than one year | 17 | €543,925 | €715,971 | +€172,046 | +31.6% |
| Financial debts | 170/4 | €543,925 | €715,971 | +€172,046 | +31.6% |
| Amounts payable within one year | 42/48 | €186,639 | €189,773 | +€3,134 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €119,548 | €113,327 | -€6,220 | -5.2% |
| Trade debts | 44 | €14,986 | €24,866 | +€9,880 | +65.9% |
| Suppliers | 440/4 | €14,986 | €24,866 | +€9,880 | +65.9% |
| Taxes, remuneration and social security | 45 | €48,932 | €50,464 | +€1,532 | +3.1% |
| Taxes | 450/3 | €15,715 | €13,534 | -€2,181 | -13.9% |
| Remuneration and social security | 454/9 | €33,217 | €36,930 | +€3,713 | +11.2% |
| Other amounts payable | 47/48 | €3,173 | €1,115 | -€2,058 | -64.8% |
| Remuneration, social security and pensions | 62 | €166,367 | €277,360 | +€110,993 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,617 | €84,404 | +€24,788 | +41.6% |
| Other operating charges | 640/8 | €1,122 | €2,378 | +€1,256 | +112% |
| Gross operating margin | 9900 | €296,714 | €412,090 | +€115,376 | +38.9% |
| Operating profit (loss) | 9901 | €69,609 | €47,948 | -€21,661 | -31.1% |
| Financial income | 75/76B | €5,408 | €10,636 | +€5,228 | +96.7% |
| Recurring financial income | 75 | €5,408 | €10,636 | +€5,228 | +96.7% |
| Financial charges | 65/66B | €17,210 | €26,870 | +€9,660 | +56.1% |
| Recurring financial charges | 65 | €17,210 | €26,870 | +€9,660 | +56.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €57,808 | €31,715 | -€26,093 | -45.1% |
| Income taxes | 67/77 | €19,103 | €4,624 | -€14,479 | -75.8% |
| Profit (loss) for the period | 9904 | €38,704 | €27,090 | -€11,614 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,704 | €27,090 | -€11,614 | -30.0% |
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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.