ALEXANDER DE BECKER: 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.
ALEXANDER DE BECKER
Largest movements
- Cash +€50,429
up €50,429 (+52.3%), from €96,410 to €146,839
mainly Net result for the year (+€54,206) and Tax, wage and social debts (+€31,740)
- Tangible fixed assets -€13,889
down €13,889 (-38.2%), from €36,362 to €22,473
of which Furniture and vehicles: -€12,889
- Deferred charges and accrued income +€4,087
up €4,087 (+11.7%), from €34,816 to €38,903
- Tax, wage and social debts +€31,740
up €31,740 (+200%), from €15,868 to €47,608
- Reserves +€18,379
up €18,379 (+15.6%), from €117,901 to €136,280
- Other debts -€7,265
down €7,265 (-16.5%), from €43,949 to €36,684
- Gross operating margin +€46,673
up €46,673 (+85.1%), from €54,818 to €101,491
- Taxes +€16,257
up €16,257 (+113%), from €14,440 to €30,697
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 | €192,316 | €233,979 | +€41,663 | +21.7% |
| Fixed assets | 21/28 | €56,362 | €42,473 | -€13,889 | -24.6% |
| Tangible fixed assets | 22/27 | €36,362 | €22,473 | -€13,889 | -38.2% |
| Plant, machinery and equipment | 23 | €3,843 | €2,843 | -€1,000 | -26.0% |
| Furniture and vehicles | 24 | €32,519 | €19,630 | -€12,889 | -39.6% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €135,954 | €191,506 | +€55,552 | +40.9% |
| Amounts receivable within one year | 40/41 | €4,728 | €5,764 | +€1,036 | +21.9% |
| Trade receivables | 40 | €4,728 | €5,764 | +€1,036 | +21.9% |
| Cash at bank and in hand | 54/58 | €96,410 | €146,839 | +€50,429 | +52.3% |
| Deferred charges and accrued income | 490/1 | €34,816 | €38,903 | +€4,087 | +11.7% |
| Total equity and liabilities | 10/49 | €192,316 | €233,979 | +€41,663 | +21.7% |
| Equity | 10/15 | €130,301 | €148,680 | +€18,379 | +14.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €117,901 | €136,280 | +€18,379 | +15.6% |
| Distributable reserves | 133 | €117,901 | €136,280 | +€18,379 | +15.6% |
| Amounts payable | 17/49 | €62,015 | €85,299 | +€23,284 | +37.5% |
| Amounts payable within one year | 42/48 | €62,015 | €85,299 | +€23,284 | +37.5% |
| Trade debts | 44 | €2,198 | €1,007 | -€1,191 | -54.2% |
| Suppliers | 440/4 | €2,198 | €1,007 | -€1,191 | -54.2% |
| Taxes, remuneration and social security | 45 | €15,868 | €47,608 | +€31,740 | +200% |
| Taxes | 450/3 | €15,868 | €47,608 | +€31,740 | +200% |
| Other amounts payable | 47/48 | €43,949 | €36,684 | -€7,265 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,218 | €15,715 | -€503 | -3.1% |
| Other operating charges | 640/8 | €1,265 | €711 | -€554 | -43.8% |
| Gross operating margin | 9900 | €54,818 | €101,491 | +€46,673 | +85.1% |
| Operating profit (loss) | 9901 | €37,335 | €85,065 | +€47,730 | +128% |
| Financial income | 75/76B | €42 | - | -€42 | |
| Recurring financial income | 75 | €42 | - | -€42 | |
| Financial charges | 65/66B | €168 | €162 | -€6 | -3.6% |
| Recurring financial charges | 65 | €168 | €162 | -€6 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €37,209 | €84,903 | +€47,694 | +128% |
| Income taxes | 67/77 | €14,440 | €30,697 | +€16,257 | +113% |
| Profit (loss) for the period | 9904 | €22,769 | €54,206 | +€31,437 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €22,769 | €54,206 | +€31,437 | +138% |
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 23 October 2026 via checked.be.