ALEXAM: 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.
ALEXAM
Largest movements
- Tangible fixed assets -€2,689
down €2,689 (-21.5%), from €12,535 to €9,846
of which Other tangible fixed assets: -€1,419
- Receivables within one year +€970
up €970 (+107%), from €910 to €1,880
- Cash +€155
up €155 (+22.1%), from €702 to €857
mainly Depreciation (+€4,200) and Other debts (+€3,600)
- Other debts +€3,600
up €3,600 (+32,114%), from €11 to €3,611
- Debts after one year -€2,532
down €2,532 (-33.0%), from €7,664 to €5,131
- Current portion of long-term debt -€2,490
down €2,490 (-49.6%), from €5,023 to €2,532
- Trade debts -€429
down €429 (-37.1%), from €1,157 to €728
- Profit (loss) carried forward +€372
up €372 (+6.5%), from -€5,712 to -€5,340
- Depreciation -€394
down €394 (-8.6%), from €4,595 to €4,200
- Taxes +€300
new in 2025: €300
- Financial charges -€142
down €142 (-33.2%), from €427 to €285
- Gross operating margin -€76
down €76 (-1.3%), from €5,817 to €5,741
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 | €14,516 | €12,842 | -€1,674 | -11.5% |
| Fixed assets | 21/28 | €12,535 | €9,846 | -€2,689 | -21.5% |
| Tangible fixed assets | 22/27 | €12,535 | €9,846 | -€2,689 | -21.5% |
| Plant, machinery and equipment | 23 | €2,037 | €1,359 | -€678 | -33.3% |
| Furniture and vehicles | 24 | €809 | €217 | -€592 | -73.2% |
| Other tangible fixed assets | 26 | €9,689 | €8,270 | -€1,419 | -14.6% |
| Current assets | 29/58 | €1,981 | €2,996 | +€1,015 | +51.2% |
| Amounts receivable within one year | 40/41 | €910 | €1,880 | +€970 | +107% |
| Trade receivables | 40 | €910 | €1,880 | +€970 | +107% |
| Cash at bank and in hand | 54/58 | €702 | €857 | +€155 | +22.1% |
| Deferred charges and accrued income | 490/1 | €369 | €259 | -€110 | -29.8% |
| Total equity and liabilities | 10/49 | €14,516 | €12,842 | -€1,674 | -11.5% |
| Equity | 10/15 | -€712 | -€340 | +€372 | +52.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,712 | -€5,340 | +€372 | +6.5% |
| Amounts payable | 17/49 | €15,228 | €13,182 | -€2,046 | -13.4% |
| Amounts payable after more than one year | 17 | €7,664 | €5,131 | -€2,532 | -33.0% |
| Financial debts | 170/4 | €7,664 | €5,131 | -€2,532 | -33.0% |
| Amounts payable within one year | 42/48 | €7,564 | €8,051 | +€486 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €5,023 | €2,532 | -€2,490 | -49.6% |
| Trade debts | 44 | €1,157 | €728 | -€429 | -37.1% |
| Suppliers | 440/4 | €1,157 | €728 | -€429 | -37.1% |
| Taxes, remuneration and social security | 45 | €1,373 | €1,179 | -€194 | -14.2% |
| Taxes | 450/3 | €1,373 | €1,179 | -€194 | -14.2% |
| Other amounts payable | 47/48 | €11 | €3,611 | +€3,600 | +32,114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,595 | €4,200 | -€394 | -8.6% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €5,817 | €5,741 | -€76 | -1.3% |
| Operating profit (loss) | 9901 | €653 | €956 | +€302 | +46.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6,800% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6,800% |
| Financial charges | 65/66B | €427 | €285 | -€142 | -33.2% |
| Recurring financial charges | 65 | €427 | €285 | -€142 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €226 | €672 | +€445 | +197% |
| Income taxes | 67/77 | - | €300 | +€300 | |
| Profit (loss) for the period | 9904 | €226 | €372 | +€145 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €226 | €372 | +€145 | +64.2% |
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.