ALEX & ED STUDIO: 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 & ED STUDIO
Largest movements
- Receivables within one year +€35,476
up €35,476 (+35.6%), from €99,587 to €135,063
- Deferred charges and accrued income -€7,424
no longer reported in 2024 (was €7,424)
- Cash -€7,337
down €7,337 (-86.6%), from €8,473 to €1,136
mainly Receivables within one year (-€35,476) and Debts after one year (-€4,898)
- Short-term financial debts +€8,023
new in 2024: €8,023
- Tax, wage and social debts +€6,370
up €6,370 (+104.5%), from €6,097 to €12,467
- Reserves +€5,781
up €5,781 (+22.9%), from €25,231 to €31,012
- Debts after one year -€4,898
down €4,898 (-57.7%), from €8,486 to €3,588
- Trade debts +€4,481
up €4,481 (+5.8%), from €77,093 to €81,574
- Gross operating margin +€6,155
up €6,155 (+885.7%), from €695 to €6,850
- Financial income +€2,019
up €2,019 (+39.7%), from €5,081 to €7,101
- Taxes +€1,855
new in 2024: €1,855
- Other operating charges -€669
down €669 (-22.1%), from €3,022 to €2,353
- Financial charges +€300
up €300 (+9.8%), from €3,078 to €3,379
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,778 | €154,910 | +€20,132 | +14.9% |
| Fixed assets | 21/28 | €5,458 | €4,876 | -€582 | -10.7% |
| Tangible fixed assets | 22/27 | €5,458 | €4,876 | -€582 | -10.7% |
| Plant, machinery and equipment | 23 | €5,458 | €4,876 | -€582 | -10.7% |
| Current assets | 29/58 | €129,320 | €150,034 | +€20,714 | +16.0% |
| Stocks and contracts in progress | 3 | €13,835 | €13,835 | = | 0.0% |
| Stocks | 30/36 | €13,835 | €13,835 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €99,587 | €135,063 | +€35,476 | +35.6% |
| Other amounts receivable | 41 | €99,587 | €135,063 | +€35,476 | +35.6% |
| Cash at bank and in hand | 54/58 | €8,473 | €1,136 | -€7,337 | -86.6% |
| Deferred charges and accrued income | 490/1 | €7,424 | - | -€7,424 | |
| Total equity and liabilities | 10/49 | €134,778 | €154,910 | +€20,132 | +14.9% |
| Equity | 10/15 | €38,578 | €44,359 | +€5,781 | +15.0% |
| Contributions | 10/11 | €12,900 | €12,900 | = | 0.0% |
| Contributions outside capital | 11 | €12,900 | €12,900 | = | 0.0% |
| Other | 1109/19 | €12,900 | €12,900 | = | 0.0% |
| Reserves | 13 | €25,231 | €31,012 | +€5,781 | +22.9% |
| Distributable reserves | 133 | €25,231 | €31,012 | +€5,781 | +22.9% |
| Profit (loss) carried forward | 14 | €447 | €447 | = | 0.0% |
| Amounts payable | 17/49 | €96,200 | €110,551 | +€14,351 | +14.9% |
| Amounts payable after more than one year | 17 | €8,486 | €3,588 | -€4,898 | -57.7% |
| Financial debts | 170/4 | €8,486 | €3,588 | -€4,898 | -57.7% |
| Amounts payable within one year | 42/48 | €87,714 | €106,963 | +€19,249 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €4,524 | €4,898 | +€374 | +8.3% |
| Financial debts | 43 | - | €8,023 | +€8,023 | |
| Credit institutions | 430/8 | - | €8,023 | +€8,023 | |
| Trade debts | 44 | €77,093 | €81,574 | +€4,481 | +5.8% |
| Suppliers | 440/4 | €77,093 | €81,574 | +€4,481 | +5.8% |
| Taxes, remuneration and social security | 45 | €6,097 | €12,467 | +€6,370 | +104.5% |
| Taxes | 450/3 | €6,097 | €12,467 | +€6,370 | +104.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €582 | +€216 | +59.2% |
| Other operating charges | 640/8 | €3,022 | €2,353 | -€669 | -22.1% |
| Gross operating margin | 9900 | €695 | €6,850 | +€6,155 | +885.7% |
| Operating profit (loss) | 9901 | -€2,693 | €3,914 | +€6,607 | |
| Financial income | 75/76B | €5,081 | €7,101 | +€2,019 | +39.7% |
| Recurring financial income | 75 | €5,081 | €7,101 | +€2,019 | +39.7% |
| Financial charges | 65/66B | €3,078 | €3,379 | +€300 | +9.8% |
| Recurring financial charges | 65 | €3,078 | €3,379 | +€300 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€690 | €7,636 | +€8,326 | |
| Income taxes | 67/77 | - | €1,855 | +€1,855 | |
| Profit (loss) for the period | 9904 | -€690 | €5,781 | +€6,471 | |
| Profit (loss) for the period to be appropriated | 9905 | -€690 | €5,781 | +€6,471 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.