ALEX PN: what changed
Two fiscal 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 PN
Largest movements
- Cash +€44,242
up €44,242 (+16347.0%), from €271 to €44,512
mainly Receivables within one year (+€30,816) and Other debts (+€30,392)
- Receivables within one year -€30,816
down €30,816 (-99.3%), from €31,034 to €218
- Tangible fixed assets -€3,399
down €3,399 (-10.9%), from €31,169 to €27,769
of which Furniture and vehicles: -€3,399
- Other debts +€30,392
up €30,392 (+191.4%), from €15,875 to €46,268
- Trade debts -€30,010
down €30,010 (-98.7%), from €30,403 to €394
- Reserves +€10,000
up €10,000 (+200.0%), from €5,000 to €15,000
- Profit (loss) carried forward -€1,089
down €1,089 (-59.1%), from €1,843 to €753
- Tax, wage and social debts +€733
up €733 (+10.0%), from €7,352 to €8,084
- Gross operating margin +€10,336
up €10,336 (+121.2%), from €8,532 to €18,868
- Taxes +€1,713
up €1,713 (+78.6%), from €2,179 to €3,892
- Other operating charges +€974
up €974 (+106.4%), from €916 to €1,890
- Financial charges +€629
up €629 (+428.9%), from €147 to €776
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 | €62,473 | €72,499 | +€10,026 | +16.0% |
| Fixed assets | 21/28 | €31,169 | €27,769 | -€3,399 | -10.9% |
| Tangible fixed assets | 22/27 | €31,169 | €27,769 | -€3,399 | -10.9% |
| Land and buildings | 22 | €25,000 | €25,000 | = | 0.0% |
| Furniture and vehicles | 24 | €6,169 | €2,769 | -€3,399 | -55.1% |
| Current assets | 29/58 | €31,305 | €44,730 | +€13,426 | +42.9% |
| Amounts receivable within one year | 40/41 | €31,034 | €218 | -€30,816 | -99.3% |
| Trade receivables | 40 | €31,034 | €218 | -€30,816 | -99.3% |
| Cash at bank and in hand | 54/58 | €271 | €44,512 | +€44,242 | +16347.0% |
| Total equity and liabilities | 10/49 | €62,473 | €72,499 | +€10,026 | +16.0% |
| Equity | 10/15 | €8,843 | €17,753 | +€8,911 | +100.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €15,000 | +€10,000 | +200.0% |
| Distributable reserves | 133 | €5,000 | €15,000 | +€10,000 | +200.0% |
| Profit (loss) carried forward | 14 | €1,843 | €753 | -€1,089 | -59.1% |
| Amounts payable | 17/49 | €53,630 | €54,746 | +€1,116 | +2.1% |
| Amounts payable within one year | 42/48 | €53,630 | €54,746 | +€1,116 | +2.1% |
| Trade debts | 44 | €30,403 | €394 | -€30,010 | -98.7% |
| Suppliers | 440/4 | €30,403 | €394 | -€30,010 | -98.7% |
| Taxes, remuneration and social security | 45 | €7,352 | €8,084 | +€733 | +10.0% |
| Taxes | 450/3 | €7,352 | €8,084 | +€733 | +10.0% |
| Other amounts payable | 47/48 | €15,875 | €46,268 | +€30,392 | +191.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,399 | €3,399 | = | 0.0% |
| Other operating charges | 640/8 | €916 | €1,890 | +€974 | +106.4% |
| Gross operating margin | 9900 | €8,532 | €18,868 | +€10,336 | +121.2% |
| Operating profit (loss) | 9901 | €4,217 | €13,579 | +€9,362 | +222.0% |
| Financial charges | 65/66B | €147 | €776 | +€629 | +428.9% |
| Recurring financial charges | 65 | €147 | €776 | +€629 | +428.9% |
| Profit (loss) for the period before taxes | 9903 | €4,070 | €12,802 | +€8,733 | +214.6% |
| Income taxes | 67/77 | €2,179 | €3,892 | +€1,713 | +78.6% |
| Profit (loss) for the period | 9904 | €1,891 | €8,911 | +€7,020 | +371.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,891 | €8,911 | +€7,020 | +371.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.