Alexander: 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.
Alexander
Largest movements
- Cash -€7,760
down €7,760 (-87.4%), from €8,875 to €1,115
mainly Net result for the year (-€13,784) and Other debts (-€5,191)
- Tangible fixed assets -€5,995
down €5,995 (-5.9%), from €102,119 to €96,124
- Profit (loss) carried forward -€13,784
down €13,784 (-17.3%), from €79,728 to €65,944
- Trade debts +€8,352
up €8,352 (+387.9%), from €2,153 to €10,505
- Other debts -€5,191
down €5,191 (-74.4%), from €6,979 to €1,788
- Tax, wage and social debts -€2,199
down €2,199 (-14.7%), from €14,939 to €12,740
of which Taxes: -€2,199
- Gross operating margin -€28,612
down €28,612 (-78.6%), from €36,392 to €7,780
- Other operating charges +€10,441
up €10,441 (+7927.8%), from €132 to €10,573
- Taxes -€6,588
down €6,588 (-97.9%), from €6,729 to €140
- Financial charges +€1,583
up €1,583 (+103.7%), from €1,527 to €3,110
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 | €127,288 | €114,467 | -€12,821 | -10.1% |
| Fixed assets | 21/28 | €102,119 | €96,124 | -€5,995 | -5.9% |
| Tangible fixed assets | 22/27 | €102,119 | €96,124 | -€5,995 | -5.9% |
| Land and buildings | 22 | €102,119 | €96,124 | -€5,995 | -5.9% |
| Current assets | 29/58 | €25,169 | €18,343 | -€6,826 | -27.1% |
| Amounts receivable within one year | 40/41 | €16,294 | €17,228 | +€934 | +5.7% |
| Trade receivables | 40 | €16,294 | €17,228 | +€934 | +5.7% |
| Cash at bank and in hand | 54/58 | €8,875 | €1,115 | -€7,760 | -87.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €127,288 | €114,467 | -€12,821 | -10.1% |
| Equity | 10/15 | €103,217 | €89,433 | -€13,784 | -13.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,490 | €20,490 | = | 0.0% |
| Distributable reserves | 133 | €20,490 | €20,490 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,728 | €65,944 | -€13,784 | -17.3% |
| Amounts payable | 17/49 | €24,071 | €25,034 | +€963 | +4.0% |
| Amounts payable within one year | 42/48 | €24,071 | €25,034 | +€963 | +4.0% |
| Trade debts | 44 | €2,153 | €10,505 | +€8,352 | +387.9% |
| Suppliers | 440/4 | €2,153 | €10,505 | +€8,352 | +387.9% |
| Taxes, remuneration and social security | 45 | €14,939 | €12,740 | -€2,199 | -14.7% |
| Taxes | 450/3 | €14,939 | €12,740 | -€2,199 | -14.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,979 | €1,788 | -€5,191 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,515 | €7,742 | +€227 | +3.0% |
| Other operating charges | 640/8 | €132 | €10,573 | +€10,441 | +7927.8% |
| Gross operating margin | 9900 | €36,392 | €7,780 | -€28,612 | -78.6% |
| Operating profit (loss) | 9901 | €28,745 | -€10,534 | -€39,279 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,527 | €3,110 | +€1,583 | +103.7% |
| Recurring financial charges | 65 | €1,527 | €3,110 | +€1,583 | +103.7% |
| Profit (loss) for the period before taxes | 9903 | €27,219 | -€13,644 | -€40,862 | |
| Income taxes | 67/77 | €6,729 | €140 | -€6,588 | -97.9% |
| Profit (loss) for the period | 9904 | €20,490 | -€13,784 | -€34,274 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,490 | -€13,784 | -€34,274 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.