ALEX UW KLUSJESMAN: 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 UW KLUSJESMAN
Largest movements
- Stocks and contracts -€211,000
down €211,000 (-99.3%), from €212,500 to €1,500
of which Stocks: -€212,500
- Tangible fixed assets +€38,469
up €38,469 (+5,072%), from €758 to €39,227
of which Furniture and vehicles: +€38,577
- Cash +€33,807
up €33,807 (+573%), from €5,899 to €39,706
mainly Stocks and contracts (+€211,000) and Depreciation (+€1,713)
- Receivables within one year +€12,090
up €12,090 (+80,601%), from €15 to €12,105
- Debts after one year -€115,000
down €115,000 (-85.2%), from €135,000 to €20,000
- Profit (loss) carried forward -€9,400
down €9,400, from €3,193 to -€6,207
- Gross operating margin -€32,288
down €32,288, from €26,135 to -€6,153
- Taxes -€6,737
down €6,737 (-99.8%), from €6,750 to €13
- Depreciation +€1,604
up €1,604 (+1,481%), from €108 to €1,713
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 | €219,678 | €93,768 | -€125,909 | -57.3% |
| Fixed assets | 21/28 | €758 | €39,227 | +€38,469 | +5,072% |
| Tangible fixed assets | 22/27 | €758 | €39,227 | +€38,469 | +5,072% |
| Land and buildings | 22 | €758 | €650 | -€108 | -14.3% |
| Furniture and vehicles | 24 | - | €38,577 | +€38,577 | |
| Current assets | 29/58 | €218,919 | €54,541 | -€164,378 | -75.1% |
| Stocks and contracts in progress | 3 | €212,500 | €1,500 | -€211,000 | -99.3% |
| Stocks | 30/36 | €212,500 | - | -€212,500 | |
| Contracts in progress | 37 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €15 | €12,105 | +€12,090 | +80,601% |
| Other amounts receivable | 41 | €15 | €12,105 | +€12,090 | +80,601% |
| Cash at bank and in hand | 54/58 | €5,899 | €39,706 | +€33,807 | +573% |
| Deferred charges and accrued income | 490/1 | €505 | €1,230 | +€725 | +144% |
| Total equity and liabilities | 10/49 | €219,678 | €93,768 | -€125,909 | -57.3% |
| Equity | 10/15 | €78,293 | €68,893 | -€9,400 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,500 | €56,500 | = | 0.0% |
| Distributable reserves | 133 | €56,500 | €56,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,193 | -€6,207 | -€9,400 | |
| Amounts payable | 17/49 | €141,384 | €24,875 | -€116,509 | -82.4% |
| Amounts payable after more than one year | 17 | €135,000 | €20,000 | -€115,000 | -85.2% |
| Other amounts payable | 178/9 | €135,000 | €20,000 | -€115,000 | -85.2% |
| Amounts payable within one year | 42/48 | €6,384 | €4,875 | -€1,509 | -23.6% |
| Taxes, remuneration and social security | 45 | €3,453 | €1,302 | -€2,151 | -62.3% |
| Taxes | 450/3 | €3,453 | €1,302 | -€2,151 | -62.3% |
| Other amounts payable | 47/48 | €2,932 | €3,574 | +€642 | +21.9% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108 | €1,713 | +€1,604 | +1,481% |
| Other operating charges | 640/8 | €1,483 | €1,290 | -€193 | -13.0% |
| Gross operating margin | 9900 | €26,135 | -€6,153 | -€32,288 | |
| Operating profit (loss) | 9901 | €24,544 | -€9,156 | -€33,700 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €117 | €232 | +€115 | +98.1% |
| Recurring financial charges | 65 | €117 | €232 | +€115 | +98.1% |
| Profit (loss) for the period before taxes | 9903 | €24,427 | -€9,388 | -€33,814 | |
| Income taxes | 67/77 | €6,750 | €13 | -€6,737 | -99.8% |
| Profit (loss) for the period | 9904 | €17,677 | -€9,400 | -€27,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,677 | -€9,400 | -€27,077 |
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 31 October 2026 via checked.be.