ALEXAN: 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.
ALEXAN
Largest movements
- Cash -€630,116
down €630,116 (-65.7%), from €959,484 to €329,369
mainly Receivables within one year (-€484,087) and Other debts (-€227,993)
- Receivables within one year +€484,087
up €484,087 (+247.2%), from €195,862 to €679,949
of which Other amounts receivable: +€488,000
- Tangible fixed assets -€107,352
down €107,352 (-2.5%), from €4.2m to €4.1m
of which Land and buildings: -€105,437
- Other debts -€227,993
down €227,993 (-16.0%), from €1.4m to €1.2m
- Debts after one year -€118,650
down €118,650 (-4.1%), from €2.9m to €2.8m
of which Financial debts: -€121,990
- Profit (loss) carried forward +€96,290
up €96,290, from -€78,363 to €17,927
- Depreciation -€196,844
down €196,844 (-62.5%), from €314,861 to €118,017
- Gross operating margin -€129,335
down €129,335 (-27.4%), from €472,408 to €343,073
- Financial charges -€103,267
down €103,267 (-48.4%), from €213,180 to €109,913
- Other operating charges -€9,439
down €9,439 (-40.3%), from €23,421 to €13,982
- Taxes +€6,335
new in 2025: €6,335
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 | €5,386,438 | €5,133,058 | -€253,380 | -4.7% |
| Fixed assets | 21/28 | €4,231,092 | €4,123,740 | -€107,352 | -2.5% |
| Tangible fixed assets | 22/27 | €4,231,092 | €4,123,740 | -€107,352 | -2.5% |
| Land and buildings | 22 | €4,225,903 | €4,120,466 | -€105,437 | -2.5% |
| Plant, machinery and equipment | 23 | €5,189 | €3,274 | -€1,914 | -36.9% |
| Current assets | 29/58 | €1,155,346 | €1,009,318 | -€146,029 | -12.6% |
| Amounts receivable within one year | 40/41 | €195,862 | €679,949 | +€484,087 | +247.2% |
| Trade receivables | 40 | €191,340 | €187,427 | -€3,913 | -2.0% |
| Other amounts receivable | 41 | €4,522 | €492,522 | +€488,000 | +10790.6% |
| Cash at bank and in hand | 54/58 | €959,484 | €329,369 | -€630,116 | -65.7% |
| Total equity and liabilities | 10/49 | €5,386,438 | €5,133,058 | -€253,380 | -4.7% |
| Equity | 10/15 | €921,637 | €1,017,927 | +€96,290 | +10.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,363 | €17,927 | +€96,290 | |
| Amounts payable | 17/49 | €4,464,801 | €4,115,131 | -€349,670 | -7.8% |
| Amounts payable after more than one year | 17 | €2,887,932 | €2,769,282 | -€118,650 | -4.1% |
| Financial debts | 170/4 | €2,878,042 | €2,756,052 | -€121,990 | -4.2% |
| Other amounts payable | 178/9 | €9,890 | €13,230 | +€3,340 | +33.8% |
| Amounts payable within one year | 42/48 | €1,569,111 | €1,339,515 | -€229,596 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €117,531 | €121,990 | +€4,460 | +3.8% |
| Trade debts | 44 | €22,263 | €10,301 | -€11,962 | -53.7% |
| Suppliers | 440/4 | €22,263 | €10,301 | -€11,962 | -53.7% |
| Taxes, remuneration and social security | 45 | - | €5,899 | +€5,899 | |
| Taxes | 450/3 | - | €5,899 | +€5,899 | |
| Other amounts payable | 47/48 | €1,429,318 | €1,201,324 | -€227,993 | -16.0% |
| Accrued charges and deferred income | 492/3 | €7,758 | €6,334 | -€1,424 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314,861 | €118,017 | -€196,844 | -62.5% |
| Other operating charges | 640/8 | €23,421 | €13,982 | -€9,439 | -40.3% |
| Gross operating margin | 9900 | €472,408 | €343,073 | -€129,335 | -27.4% |
| Operating profit (loss) | 9901 | €134,126 | €211,073 | +€76,947 | +57.4% |
| Financial income | 75/76B | €690 | €1,464 | +€774 | +112.2% |
| Recurring financial income | 75 | €690 | €1,464 | +€774 | +112.2% |
| Financial charges | 65/66B | €213,180 | €109,913 | -€103,267 | -48.4% |
| Recurring financial charges | 65 | €213,180 | €109,913 | -€103,267 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€78,363 | €102,625 | +€180,988 | |
| Income taxes | 67/77 | - | €6,335 | +€6,335 | |
| Profit (loss) for the period | 9904 | -€78,363 | €96,290 | +€174,653 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,363 | €96,290 | +€174,653 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.