ALEX SIGN: 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 SIGN
Largest movements
- Receivables within one year -€3.2m
down €3.2m (-76.7%), from €4.1m to €959,564
- Current investments -€600,000
down €600,000 (-32.8%), from €1.8m to €1.2m
- Reserves -€3.8m
down €3.8m (-75.4%), from €5.1m to €1.3m
of which Distributable reserves: -€3.8m
- Financial income -€267,084
down €267,084 (-34.7%), from €769,484 to €502,400
- Gross operating margin -€29,761
down €29,761, from €21,052 to -€8,709
- Taxes -€9,737
down €9,737 (-95.1%), from €10,241 to €505
- Other operating charges -€246
down €246 (-15.8%), from €1,556 to €1,309
- Financial charges +€230
up €230 (+164.1%), from €140 to €370
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 | €6,832,078 | €3,029,601 | -€3.8m | -55.7% |
| Fixed assets | 21/28 | €836,343 | €836,343 | = | 0.0% |
| Financial fixed assets | 28 | €836,343 | €836,343 | = | 0.0% |
| Current assets | 29/58 | €5,995,735 | €2,193,258 | -€3.8m | -63.4% |
| Amounts receivable within one year | 40/41 | €4,125,865 | €959,564 | -€3.2m | -76.7% |
| Other amounts receivable | 41 | €4,125,865 | €959,564 | -€3.2m | -76.7% |
| Current investments | 50/53 | €1,832,000 | €1,232,000 | -€600,000 | -32.8% |
| Cash at bank and in hand | 54/58 | €37,870 | €1,694 | -€36,176 | -95.5% |
| Total equity and liabilities | 10/49 | €6,832,078 | €3,029,601 | -€3.8m | -55.7% |
| Equity | 10/15 | €5,113,159 | €1,274,667 | -€3.8m | -75.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,085,335 | €1,250,500 | -€3.8m | -75.4% |
| Tax-exempt reserves | 132 | €1,250,500 | €1,250,500 | = | 0.0% |
| Distributable reserves | 133 | €3,834,835 | - | -€3.8m | |
| Profit (loss) carried forward | 14 | €9,224 | €5,567 | -€3,657 | -39.6% |
| Amounts payable | 17/49 | €1,718,919 | €1,754,934 | +€36,015 | +2.1% |
| Amounts payable within one year | 42/48 | €1,718,919 | €1,754,934 | +€36,015 | +2.1% |
| Trade debts | 44 | €26,334 | €54 | -€26,281 | -99.8% |
| Suppliers | 440/4 | €26,334 | €54 | -€26,281 | -99.8% |
| Other amounts payable | 47/48 | €1,692,585 | €1,754,881 | +€62,296 | +3.7% |
| Other operating charges | 640/8 | €1,556 | €1,309 | -€246 | -15.8% |
| Gross operating margin | 9900 | €21,052 | -€8,709 | -€29,761 | |
| Operating profit (loss) | 9901 | €19,497 | -€10,018 | -€29,515 | |
| Financial income | 75/76B | €769,484 | €502,400 | -€267,084 | -34.7% |
| Recurring financial income | 75 | €769,484 | €502,400 | -€267,084 | -34.7% |
| Financial charges | 65/66B | €140 | €370 | +€230 | +164.1% |
| Recurring financial charges | 65 | €140 | €370 | +€230 | +164.1% |
| Profit (loss) for the period before taxes | 9903 | €788,841 | €492,012 | -€296,829 | -37.6% |
| Income taxes | 67/77 | €10,241 | €505 | -€9,737 | -95.1% |
| Profit (loss) for the period | 9904 | €778,600 | €491,508 | -€287,092 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €778,600 | €491,508 | -€287,092 | -36.9% |
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 3 October 2026 via checked.be.