ALEXANDER ENERGY: what changed
What changed
ALEXANDER ENERGY
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€2,973
2024 · €1,165+€1,808
Equity
€132,876
2024 · €129,903+€2,973
Cash
€51,376
2024 · €54,623-€3,247
Balance sheet total
€449,757
2024 · €452,774-€3,017
Largest movements
Assets
- Stocks and contracts -€28,359
down €28,359 (-15.9%), from €178,823 to €150,464
- Tangible fixed assets +€21,883
up €21,883 (+79.2%), from €27,629 to €49,512
of which Leasing and similar rights: +€21,808
- Receivables within one year +€12,985
up €12,985 (+8.5%), from €152,534 to €165,520
of which Trade receivables: +€9,816
- Deferred charges and accrued income -€6,589
down €6,589 (-19.2%), from €34,300 to €27,711
Equity and liabilities
- Trade debts -€24,033
down €24,033 (-16.7%), from €144,233 to €120,200
- Accrued charges and deferred income +€17,500
new in 2025: €17,500
- Tax, wage and social debts -€12,154
down €12,154 (-69.4%), from €17,515 to €5,361
of which Remuneration and social security: -€9,182
- Reserves +€8,000
up €8,000 (+7.0%), from €115,000 to €123,000
- Debts after one year +€7,819
up €7,819 (+5.4%), from €145,292 to €153,111
Income statement
- Gross operating margin +€110,597
up €110,597 (+44.0%), from €251,292 to €361,889
- Staff costs +€106,926
up €106,926 (+52.3%), from €204,585 to €311,511
- Financial charges -€6,191
down €6,191 (-28.3%), from €21,849 to €15,658
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,165
Gross operating margin
+€110,597
Staff costs
-€106,926
Depreciation
-€2,276
Other operating charges
-€2,792
Other operating items
-€3,496
Financial income
+€272
Financial charges
+€6,191
Taxes
+€239
Result 2025
€2,973
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,534
Investment
-€38,260
Financing
+€17,479
Cash 2024
€54,623
From operations (derived)
+€17,534
Net result for the year
+€2,973
Depreciation
+€16,067
Stocks and contracts
+€28,359
Receivables within one year
-€12,985
Deferred charges and accrued income
+€6,589
Trade debts
-€24,033
Tax, wage and social debts
-€12,154
Other debts
-€4,782
Accrued charges and deferred income
+€17,500
Investment (derived)
-€38,260
Investment in fixed assets (net)
-€38,260
Financing
+€17,479
Debts after one year
+€7,819
Current portion of long-term debt
+€4,660
Short-term financial debts
+€5,000
Cash 2025
€51,376
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €452,774 | €449,757 | -€3,017 | -0.7% |
| Fixed assets | 21/28 | €32,492 | €54,686 | +€22,193 | +68.3% |
| Intangible fixed assets | 21 | €4,381 | €4,692 | +€311 | +7.1% |
| Tangible fixed assets | 22/27 | €27,629 | €49,512 | +€21,883 | +79.2% |
| Plant, machinery and equipment | 23 | €11,334 | €11,699 | +€364 | +3.2% |
| Furniture and vehicles | 24 | €1,203 | €914 | -€289 | -24.1% |
| Leasing and similar rights | 25 | €15,091 | €36,899 | +€21,808 | +145% |
| Financial fixed assets | 28 | €482 | €482 | = | 0.0% |
| Current assets | 29/58 | €420,281 | €395,071 | -€25,210 | -6.0% |
| Stocks and contracts in progress | 3 | €178,823 | €150,464 | -€28,359 | -15.9% |
| Stocks | 30/36 | €178,823 | €150,464 | -€28,359 | -15.9% |
| Amounts receivable within one year | 40/41 | €152,534 | €165,520 | +€12,985 | +8.5% |
| Trade receivables | 40 | €119,749 | €129,565 | +€9,816 | +8.2% |
| Other amounts receivable | 41 | €32,785 | €35,955 | +€3,170 | +9.7% |
| Cash at bank and in hand | 54/58 | €54,623 | €51,376 | -€3,247 | -5.9% |
| Deferred charges and accrued income | 490/1 | €34,300 | €27,711 | -€6,589 | -19.2% |
| Total equity and liabilities | 10/49 | €452,774 | €449,757 | -€3,017 | -0.7% |
| Equity | 10/15 | €129,903 | €132,876 | +€2,973 | +2.3% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €115,000 | €123,000 | +€8,000 | +7.0% |
| Distributable reserves | 133 | €115,000 | €123,000 | +€8,000 | +7.0% |
| Profit (loss) carried forward | 14 | €5,903 | €876 | -€5,027 | -85.2% |
| Amounts payable | 17/49 | €322,870 | €316,881 | -€5,990 | -1.9% |
| Amounts payable after more than one year | 17 | €145,292 | €153,111 | +€7,819 | +5.4% |
| Financial debts | 170/4 | €145,292 | €153,111 | +€7,819 | +5.4% |
| Amounts payable within one year | 42/48 | €177,578 | €146,269 | -€31,309 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €11,048 | €15,708 | +€4,660 | +42.2% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €144,233 | €120,200 | -€24,033 | -16.7% |
| Suppliers | 440/4 | €144,233 | €120,200 | -€24,033 | -16.7% |
| Taxes, remuneration and social security | 45 | €17,515 | €5,361 | -€12,154 | -69.4% |
| Taxes | 450/3 | €8,333 | €5,361 | -€2,972 | -35.7% |
| Remuneration and social security | 454/9 | €9,182 | - | -€9,182 | |
| Other amounts payable | 47/48 | €4,782 | - | -€4,782 | |
| Accrued charges and deferred income | 492/3 | - | €17,500 | +€17,500 | |
| Remuneration, social security and pensions | 62 | €204,585 | €311,511 | +€106,926 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,791 | €16,067 | +€2,276 | +16.5% |
| Other operating charges | 640/8 | €4,905 | €7,697 | +€2,792 | +56.9% |
| Non-recurring operating charges | 66A | - | €3,496 | +€3,496 | |
| Gross operating margin | 9900 | €251,292 | €361,889 | +€110,597 | +44.0% |
| Operating profit (loss) | 9901 | €28,012 | €23,118 | -€4,894 | -17.5% |
| Financial income | 75/76B | €312 | €584 | +€272 | +87.4% |
| Recurring financial income | 75 | €312 | €584 | +€272 | +87.4% |
| Financial charges | 65/66B | €21,849 | €15,658 | -€6,191 | -28.3% |
| Recurring financial charges | 65 | €21,849 | €15,658 | -€6,191 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €6,475 | €8,044 | +€1,569 | +24.2% |
| Income taxes | 67/77 | €5,310 | €5,071 | -€239 | -4.5% |
| Profit (loss) for the period | 9904 | €1,165 | €2,973 | +€1,808 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €1,165 | €2,973 | +€1,808 | +155% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.