ALEXAFIE MANAGEMENT: 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.
ALEXAFIE MANAGEMENT
Largest movements
- Cash -€42,638
down €42,638 (-39.5%), from €107,893 to €65,256
mainly Other debts (-€21,952) and Net result for the year (-€19,585)
- Tangible fixed assets -€6,275
down €6,275 (-35.0%), from €17,911 to €11,636
- Receivables within one year +€2,088
up €2,088 (+147%), from €1,416 to €3,503
- Other debts -€21,952
no longer reported in 2025 (was €21,952)
- Reserves -€19,585
down €19,585 (-26.6%), from €73,529 to €53,944
- Debts after one year -€4,397
no longer reported in 2025 (was €4,397)
- Gross operating margin -€140,913
down €140,913, from €128,504 to -€12,409
- Taxes -€20,804
no longer reported in 2025 (was €20,804)
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 | €129,119 | €82,021 | -€47,098 | -36.5% |
| Fixed assets | 21/28 | €17,911 | €11,636 | -€6,275 | -35.0% |
| Tangible fixed assets | 22/27 | €17,911 | €11,636 | -€6,275 | -35.0% |
| Furniture and vehicles | 24 | €17,911 | €11,636 | -€6,275 | -35.0% |
| Current assets | 29/58 | €111,208 | €70,384 | -€40,823 | -36.7% |
| Amounts receivable within one year | 40/41 | €1,416 | €3,503 | +€2,088 | +147% |
| Other amounts receivable | 41 | €1,416 | €3,503 | +€2,088 | +147% |
| Cash at bank and in hand | 54/58 | €107,893 | €65,256 | -€42,638 | -39.5% |
| Deferred charges and accrued income | 490/1 | €1,898 | €1,625 | -€273 | -14.4% |
| Total equity and liabilities | 10/49 | €129,119 | €82,021 | -€47,098 | -36.5% |
| Equity | 10/15 | €76,029 | €56,444 | -€19,585 | -25.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €73,529 | €53,944 | -€19,585 | -26.6% |
| Distributable reserves | 133 | €73,529 | €53,944 | -€19,585 | -26.6% |
| Amounts payable | 17/49 | €53,090 | €25,577 | -€27,513 | -51.8% |
| Amounts payable after more than one year | 17 | €4,397 | - | -€4,397 | |
| Financial debts | 170/4 | €4,397 | - | -€4,397 | |
| Amounts payable within one year | 42/48 | €48,693 | €25,577 | -€23,116 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €5,039 | €4,397 | -€642 | -12.7% |
| Trade debts | 44 | €899 | €376 | -€523 | -58.2% |
| Suppliers | 440/4 | €899 | €376 | -€523 | -58.2% |
| Taxes, remuneration and social security | 45 | €20,804 | €20,804 | = | 0.0% |
| Taxes | 450/3 | €20,804 | €20,804 | = | 0.0% |
| Other amounts payable | 47/48 | €21,952 | - | -€21,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,370 | €6,275 | -€1,095 | -14.9% |
| Other operating charges | 640/8 | €761 | €371 | -€390 | -51.2% |
| Gross operating margin | 9900 | €128,504 | -€12,409 | -€140,913 | |
| Operating profit (loss) | 9901 | €120,373 | -€19,055 | -€139,428 | |
| Financial charges | 65/66B | €1,040 | €530 | -€510 | -49.1% |
| Recurring financial charges | 65 | €1,040 | €530 | -€510 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €119,333 | -€19,585 | -€138,918 | |
| Income taxes | 67/77 | €20,804 | - | -€20,804 | |
| Profit (loss) for the period | 9904 | €98,529 | -€19,585 | -€118,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,529 | -€19,585 | -€118,114 |
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 20 October 2026 via checked.be.