ALEX'PERTIZE: 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'PERTIZE
Largest movements
- Tangible fixed assets +€55,055
up €55,055 (+103.3%), from €53,315 to €108,371
of which Leasing and similar rights: +€75,125
- Cash +€3,749
up €3,749 (+142.2%), from €2,636 to €6,385
mainly Debts after one year (+€45,461) and Net result for the year (+€40,401)
- Receivables within one year -€3,670
down €3,670 (-30.0%), from €12,219 to €8,549
- Debts after one year +€45,461
up €45,461 (+153.2%), from €29,670 to €75,131
- Current portion of long-term debt +€15,699
up €15,699 (+116.8%), from €13,442 to €29,141
- Short-term financial debts -€4,873
down €4,873 (-90.0%), from €5,416 to €544
- Tax, wage and social debts -€2,058
no longer reported in 2025 (was €2,058)
- Gross operating margin +€7,699
up €7,699 (+9.5%), from €80,757 to €88,456
- Other operating charges +€2,231
up €2,231 (+155.5%), from €1,435 to €3,666
- Depreciation +€1,636
up €1,636 (+7.4%), from €22,203 to €23,839
- Taxes +€1,535
up €1,535 (+9.3%), from €16,536 to €18,071
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.
Cash bridge derived
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 | €69,657 | €124,464 | +€54,806 | +78.7% |
| Fixed assets | 21/28 | €53,315 | €108,371 | +€55,055 | +103.3% |
| Tangible fixed assets | 22/27 | €53,315 | €108,371 | +€55,055 | +103.3% |
| Furniture and vehicles | 24 | €53,315 | €33,246 | -€20,069 | -37.6% |
| Leasing and similar rights | 25 | - | €75,125 | +€75,125 | |
| Current assets | 29/58 | €16,342 | €16,093 | -€249 | -1.5% |
| Amounts receivable within one year | 40/41 | €12,219 | €8,549 | -€3,670 | -30.0% |
| Trade receivables | 40 | €12,219 | €8,549 | -€3,670 | -30.0% |
| Cash at bank and in hand | 54/58 | €2,636 | €6,385 | +€3,749 | +142.2% |
| Deferred charges and accrued income | 490/1 | €1,487 | €1,159 | -€328 | -22.1% |
| Total equity and liabilities | 10/49 | €69,657 | €124,464 | +€54,806 | +78.7% |
| Equity | 10/15 | €19,064 | €19,075 | +€11 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €464 | €464 | = | 0.0% |
| Non-distributable reserves | 130/1 | €464 | €464 | = | 0.0% |
| Reserves not available under the articles | 1311 | €464 | €464 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €11 | +€11 | |
| Amounts payable | 17/49 | €50,593 | €105,389 | +€54,795 | +108.3% |
| Amounts payable after more than one year | 17 | €29,670 | €75,131 | +€45,461 | +153.2% |
| Financial debts | 170/4 | €29,670 | €75,131 | +€45,461 | +153.2% |
| Amounts payable within one year | 42/48 | €20,924 | €30,258 | +€9,334 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €13,442 | €29,141 | +€15,699 | +116.8% |
| Financial debts | 43 | €5,416 | €544 | -€4,873 | -90.0% |
| Credit institutions | 430/8 | €5,416 | €544 | -€4,873 | -90.0% |
| Taxes, remuneration and social security | 45 | €2,058 | - | -€2,058 | |
| Taxes | 450/3 | €2,058 | - | -€2,058 | |
| Other amounts payable | 47/48 | €8 | €573 | +€565 | +7113.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,203 | €23,839 | +€1,636 | +7.4% |
| Other operating charges | 640/8 | €1,435 | €3,666 | +€2,231 | +155.5% |
| Gross operating margin | 9900 | €80,757 | €88,456 | +€7,699 | +9.5% |
| Operating profit (loss) | 9901 | €57,119 | €60,951 | +€3,832 | +6.7% |
| Financial income | 75/76B | €557 | - | -€557 | |
| Recurring financial income | 75 | €557 | - | -€557 | |
| Financial charges | 65/66B | €2,482 | €2,479 | -€2 | -0.1% |
| Recurring financial charges | 65 | €2,482 | €2,479 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €55,194 | €58,472 | +€3,278 | +5.9% |
| Income taxes | 67/77 | €16,536 | €18,071 | +€1,535 | +9.3% |
| Profit (loss) for the period | 9904 | €38,658 | €40,401 | +€1,743 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,658 | €40,401 | +€1,743 | +4.5% |
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 10 October 2026 via checked.be.