ALEX TEAM: 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 TEAM
Largest movements
- Tangible fixed assets +€21,524
up €21,524 (+483%), from €4,456 to €25,981
- Stocks and contracts +€5,500
new in 2025: €5,500
- Cash -€4,949
down €4,949 (-7.2%), from €68,848 to €63,900
mainly Investment in fixed assets (net) (-€32,476) and Stocks and contracts (-€5,500)
- Receivables within one year +€3,989
up €3,989 (+7.5%), from €53,133 to €57,122
of which Other amounts receivable: +€6,501
- Debts after one year +€13,697
new in 2025: €13,697
- Profit (loss) carried forward +€13,297
up €13,297 (+14.8%), from €89,895 to €103,192
- Trade debts -€1,714
down €1,714 (-22.7%), from €7,563 to €5,849
of which Suppliers: -€7,257
- Gross operating margin +€9,309
up €9,309 (+45.7%), from €20,375 to €29,685
- Depreciation +€6,090
up €6,090 (+125%), from €4,862 to €10,952
- Taxes +€728
up €728 (+18.9%), from €3,840 to €4,568
- Financial charges +€477
up €477 (+250%), from €190 to €667
of which Non-recurring financial charges: +€416
- Financial income +€403
new in 2025: €403
of which Financial income: +€403
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 | €126,437 | €152,502 | +€26,064 | +20.6% |
| Fixed assets | 21/28 | €4,456 | €25,981 | +€21,524 | +483% |
| Tangible fixed assets | 22/27 | €4,456 | €25,981 | +€21,524 | +483% |
| Furniture and vehicles | 24 | €4,456 | €25,981 | +€21,524 | +483% |
| Current assets | 29/58 | €121,981 | €126,521 | +€4,540 | +3.7% |
| Stocks and contracts in progress | 3 | - | €5,500 | +€5,500 | |
| Contracts in progress | 37 | - | €5,500 | +€5,500 | |
| Amounts receivable within one year | 40/41 | €53,133 | €57,122 | +€3,989 | +7.5% |
| Trade receivables | 40 | €39,691 | €37,179 | -€2,513 | -6.3% |
| Other amounts receivable | 41 | €13,441 | €19,943 | +€6,501 | +48.4% |
| Cash at bank and in hand | 54/58 | €68,848 | €63,900 | -€4,949 | -7.2% |
| Total equity and liabilities | 10/49 | €126,437 | €152,502 | +€26,064 | +20.6% |
| Equity | 10/15 | €110,355 | €123,652 | +€13,297 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,895 | €103,192 | +€13,297 | +14.8% |
| Amounts payable | 17/49 | €16,082 | €28,850 | +€12,768 | +79.4% |
| Amounts payable after more than one year | 17 | - | €13,697 | +€13,697 | |
| Financial debts | 170/4 | - | €13,697 | +€13,697 | |
| Amounts payable within one year | 42/48 | €16,082 | €15,153 | -€930 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €4,499 | €4,736 | +€236 | +5.3% |
| Trade debts | 44 | €7,563 | €5,849 | -€1,714 | -22.7% |
| Suppliers | 440/4 | €7,563 | €305 | -€7,257 | -96.0% |
| Bills of exchange payable | 441 | - | €5,544 | +€5,544 | |
| Taxes, remuneration and social security | 45 | €4,020 | €4,568 | +€548 | +13.6% |
| Taxes | 450/3 | €4,020 | €4,568 | +€548 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,862 | €10,952 | +€6,090 | +125% |
| Other operating charges | 640/8 | €849 | €605 | -€244 | -28.8% |
| Gross operating margin | 9900 | €20,375 | €29,685 | +€9,309 | +45.7% |
| Operating profit (loss) | 9901 | €14,665 | €18,128 | +€3,463 | +23.6% |
| Financial income | 75/76B | - | €403 | +€403 | |
| Recurring financial income | 75 | - | €403 | +€403 | |
| Non-recurring financial income | 76B | - | €403 | +€403 | |
| Financial charges | 65/66B | €190 | €667 | +€477 | +250% |
| Recurring financial charges | 65 | €190 | €251 | +€61 | +31.8% |
| Non-recurring financial charges | 66B | - | €416 | +€416 | |
| Profit (loss) for the period before taxes | 9903 | €14,475 | €17,865 | +€3,390 | +23.4% |
| Income taxes | 67/77 | €3,840 | €4,568 | +€728 | +18.9% |
| Profit (loss) for the period | 9904 | €10,634 | €13,297 | +€2,662 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,634 | €13,297 | +€2,662 | +25.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.