ALEX OTLET: 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 OTLET
Largest movements
- Cash +€11,885
up €11,885 (+113%), from €10,479 to €22,364
mainly Receivables within one year (+€10,151) and Depreciation (+€6,575)
- Receivables within one year -€10,151
down €10,151 (-38.0%), from €26,708 to €16,558
of which Trade receivables: -€8,249
- Intangible fixed assets -€4,714
down €4,714 (-23.2%), from €20,280 to €15,566
- Tangible fixed assets -€1,171
down €1,171 (-45.0%), from €2,603 to €1,432
of which Plant, machinery and equipment: -€845
- Debts after one year -€6,142
down €6,142 (-22.2%), from €27,657 to €21,515
- Trade debts -€3,252
down €3,252 (-29.4%), from €11,072 to €7,819
- Profit (loss) carried forward +€3,122
up €3,122 (+23.1%), from €13,516 to €16,637
- Tax, wage and social debts +€1,341
up €1,341 (+22.7%), from €5,898 to €7,239
of which Taxes: +€1,341
- Gross operating margin -€14,980
down €14,980 (-49.8%), from €30,109 to €15,129
- Taxes -€2,406
down €2,406 (-59.0%), from €4,077 to €1,671
- Depreciation -€1,638
down €1,638 (-19.9%), from €8,212 to €6,575
- Other operating charges +€738
up €738 (+121%), from €610 to €1,348
- Financial charges -€458
down €458 (-15.8%), from €2,894 to €2,436
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 | €70,671 | €65,636 | -€5,035 | -7.1% |
| Fixed assets | 21/28 | €22,883 | €16,998 | -€5,885 | -25.7% |
| Intangible fixed assets | 21 | €20,280 | €15,566 | -€4,714 | -23.2% |
| Tangible fixed assets | 22/27 | €2,603 | €1,432 | -€1,171 | -45.0% |
| Plant, machinery and equipment | 23 | €1,842 | €998 | -€845 | -45.9% |
| Furniture and vehicles | 24 | €760 | €434 | -€326 | -42.9% |
| Current assets | 29/58 | €47,788 | €48,638 | +€850 | +1.8% |
| Stocks and contracts in progress | 3 | €9,432 | €8,900 | -€532 | -5.6% |
| Stocks | 30/36 | €9,432 | €8,900 | -€532 | -5.6% |
| Amounts receivable within one year | 40/41 | €26,708 | €16,558 | -€10,151 | -38.0% |
| Trade receivables | 40 | €21,948 | €13,699 | -€8,249 | -37.6% |
| Other amounts receivable | 41 | €4,760 | €2,858 | -€1,902 | -40.0% |
| Cash at bank and in hand | 54/58 | €10,479 | €22,364 | +€11,885 | +113% |
| Deferred charges and accrued income | 490/1 | €1,168 | €816 | -€352 | -30.1% |
| Total equity and liabilities | 10/49 | €70,671 | €65,636 | -€5,035 | -7.1% |
| Equity | 10/15 | €16,516 | €19,637 | +€3,122 | +18.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,516 | €16,637 | +€3,122 | +23.1% |
| Amounts payable | 17/49 | €54,155 | €45,998 | -€8,157 | -15.1% |
| Amounts payable after more than one year | 17 | €27,657 | €21,515 | -€6,142 | -22.2% |
| Financial debts | 170/4 | €27,657 | €21,515 | -€6,142 | -22.2% |
| Amounts payable within one year | 42/48 | €26,498 | €24,438 | -€2,061 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €5,690 | €6,142 | +€452 | +8.0% |
| Trade debts | 44 | €11,072 | €7,819 | -€3,252 | -29.4% |
| Suppliers | 440/4 | €11,072 | €7,819 | -€3,252 | -29.4% |
| Taxes, remuneration and social security | 45 | €5,898 | €7,239 | +€1,341 | +22.7% |
| Taxes | 450/3 | €5,018 | €6,359 | +€1,341 | +26.7% |
| Remuneration and social security | 454/9 | €880 | €880 | = | 0.0% |
| Other amounts payable | 47/48 | €3,839 | €3,237 | -€602 | -15.7% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,212 | €6,575 | -€1,638 | -19.9% |
| Other operating charges | 640/8 | €610 | €1,348 | +€738 | +121% |
| Gross operating margin | 9900 | €30,109 | €15,129 | -€14,980 | -49.8% |
| Operating profit (loss) | 9901 | €21,287 | €7,207 | -€14,080 | -66.1% |
| Financial income | 75/76B | €1 | €23 | +€22 | +4,418% |
| Recurring financial income | 75 | €1 | €23 | +€22 | +4,418% |
| Financial charges | 65/66B | €2,894 | €2,436 | -€458 | -15.8% |
| Recurring financial charges | 65 | €2,894 | €2,436 | -€458 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €18,393 | €4,793 | -€13,600 | -73.9% |
| Income taxes | 67/77 | €4,077 | €1,671 | -€2,406 | -59.0% |
| Profit (loss) for the period | 9904 | €14,316 | €3,122 | -€11,194 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,316 | €3,122 | -€11,194 | -78.2% |
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 25 October 2026 via checked.be.