ALEXAL: 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.
ALEXAL
Largest movements
- Tangible fixed assets +€215,159
up €215,159 (+1721.9%), from €12,495 to €227,655
of which Land and buildings: +€219,547
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Cash +€17,620
up €17,620 (+52.2%), from €33,779 to €51,399
mainly Current investments (+€125,000) and Debts after one year (+€62,382)
- Receivables within one year +€8,680
up €8,680 (+60.2%), from €14,413 to €23,093
of which Trade receivables: +€8,477
- Debts after one year +€62,382
new in 2025: €62,382
- Other debts +€32,511
up €32,511 (+67.5%), from €48,131 to €80,641
- Reserves +€11,847
up €11,847 (+11.5%), from €103,042 to €114,889
- Current portion of long-term debt +€11,661
new in 2025: €11,661
- Trade debts +€3,714
up €3,714 (+1762.8%), from €211 to €3,925
- Other operating charges +€26,565
up €26,565 (+3260.4%), from €815 to €27,380
- Taxes -€9,127
down €9,127 (-62.6%), from €14,578 to €5,451
- Financial income +€3,058
up €3,058 (+2442.1%), from €125 to €3,184
- Gross operating margin -€1,964
down €1,964 (-3.6%), from €53,880 to €51,916
- Financial charges +€1,775
up €1,775 (+46.7%), from €3,805 to €5,580
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 | €188,548 | €307,899 | +€119,351 | +63.3% |
| Fixed assets | 21/28 | €12,495 | €227,655 | +€215,159 | +1721.9% |
| Tangible fixed assets | 22/27 | €12,495 | €227,655 | +€215,159 | +1721.9% |
| Land and buildings | 22 | - | €219,547 | +€219,547 | |
| Furniture and vehicles | 24 | €12,495 | €8,108 | -€4,387 | -35.1% |
| Current assets | 29/58 | €176,052 | €80,244 | -€95,809 | -54.4% |
| Amounts receivable within one year | 40/41 | €14,413 | €23,093 | +€8,680 | +60.2% |
| Trade receivables | 40 | €14,413 | €22,889 | +€8,477 | +58.8% |
| Other amounts receivable | 41 | - | €204 | +€204 | |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €33,779 | €51,399 | +€17,620 | +52.2% |
| Deferred charges and accrued income | 490/1 | €2,861 | €5,752 | +€2,891 | +101.0% |
| Total equity and liabilities | 10/49 | €188,548 | €307,899 | +€119,351 | +63.3% |
| Equity | 10/15 | €121,792 | €133,639 | +€11,847 | +9.7% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €103,042 | €114,889 | +€11,847 | +11.5% |
| Distributable reserves | 133 | €103,042 | €114,889 | +€11,847 | +11.5% |
| Amounts payable | 17/49 | €66,756 | €174,259 | +€107,504 | +161.0% |
| Amounts payable after more than one year | 17 | - | €62,382 | +€62,382 | |
| Financial debts | 170/4 | - | €62,382 | +€62,382 | |
| Amounts payable within one year | 42/48 | €63,051 | €107,264 | +€44,213 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,661 | +€11,661 | |
| Trade debts | 44 | €211 | €3,925 | +€3,714 | +1762.8% |
| Suppliers | 440/4 | €211 | €3,925 | +€3,714 | +1762.8% |
| Taxes, remuneration and social security | 45 | €14,710 | €11,037 | -€3,673 | -25.0% |
| Taxes | 450/3 | €12,585 | €8,912 | -€3,673 | -29.2% |
| Remuneration and social security | 454/9 | €2,125 | €2,125 | = | 0.0% |
| Other amounts payable | 47/48 | €48,131 | €80,641 | +€32,511 | +67.5% |
| Accrued charges and deferred income | 492/3 | €3,704 | €4,613 | +€909 | +24.5% |
| Non-recurring operating income | 76A | €3,325 | €0 | -€3,325 | -100.0% |
| Remuneration, social security and pensions | 62 | -€89 | €0 | +€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,387 | €4,841 | +€453 | +10.3% |
| Other operating charges | 640/8 | €815 | €27,380 | +€26,565 | +3260.4% |
| Gross operating margin | 9900 | €53,880 | €51,916 | -€1,964 | -3.6% |
| Operating profit (loss) | 9901 | €48,766 | €19,695 | -€29,071 | -59.6% |
| Financial income | 75/76B | €125 | €3,184 | +€3,058 | +2442.1% |
| Recurring financial income | 75 | €125 | €3,184 | +€3,058 | +2442.1% |
| Financial charges | 65/66B | €3,805 | €5,580 | +€1,775 | +46.7% |
| Recurring financial charges | 65 | €3,805 | €5,580 | +€1,775 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €45,087 | €17,299 | -€27,788 | -61.6% |
| Income taxes | 67/77 | €14,578 | €5,451 | -€9,127 | -62.6% |
| Profit (loss) for the period | 9904 | €30,509 | €11,847 | -€18,661 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,509 | €11,847 | -€18,661 | -61.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.