ALEXANDER ISRAEL: 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 ISRAEL
Largest movements
- Tangible fixed assets -€33,432
down €33,432 (-16.7%), from €200,594 to €167,162
- Current portion of long-term debt -€43,487
down €43,487 (-74.3%), from €58,501 to €15,014
- Other debts +€42,748
up €42,748 (+21.7%), from €197,009 to €239,757
- Profit (loss) carried forward -€17,598
down €17,598 (-20.4%), from -€86,082 to -€103,680
- Debts after one year -€15,014
no longer reported in 2025 (was €15,014)
- Financial income +€6,000
new in 2025: €6,000
of which Financial income: +€6,000
- Gross operating margin -€5,327
down €5,327 (-25.5%), from €20,865 to €15,538
- Financial charges -€2,267
down €2,267 (-51.1%), from €4,434 to €2,167
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 | €200,702 | €167,351 | -€33,351 | -16.6% |
| Fixed assets | 21/28 | €200,594 | €167,162 | -€33,432 | -16.7% |
| Tangible fixed assets | 22/27 | €200,594 | €167,162 | -€33,432 | -16.7% |
| Land and buildings | 22 | €200,594 | €167,162 | -€33,432 | -16.7% |
| Current assets | 29/58 | €108 | €189 | +€81 | +75.0% |
| Cash at bank and in hand | 54/58 | €108 | €189 | +€81 | +75.0% |
| Total equity and liabilities | 10/49 | €200,702 | €167,351 | -€33,351 | -16.6% |
| Equity | 10/15 | -€71,822 | -€89,420 | -€17,598 | -24.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,082 | -€103,680 | -€17,598 | -20.4% |
| Amounts payable | 17/49 | €272,524 | €256,771 | -€15,753 | -5.8% |
| Amounts payable after more than one year | 17 | €15,014 | - | -€15,014 | |
| Financial debts | 170/4 | €15,014 | - | -€15,014 | |
| Amounts payable within one year | 42/48 | €257,510 | €256,771 | -€739 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €58,501 | €15,014 | -€43,487 | -74.3% |
| Trade debts | 44 | €2,000 | €2,000 | = | 0.0% |
| Suppliers | 440/4 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €197,009 | €239,757 | +€42,748 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,432 | €33,432 | = | 0.0% |
| Other operating charges | 640/8 | €3,430 | €3,537 | +€107 | +3.1% |
| Gross operating margin | 9900 | €20,865 | €15,538 | -€5,327 | -25.5% |
| Operating profit (loss) | 9901 | -€15,997 | -€21,431 | -€5,434 | -34.0% |
| Financial income | 75/76B | - | €6,000 | +€6,000 | |
| Recurring financial income | 75 | - | €6,000 | +€6,000 | |
| Non-recurring financial income | 76B | - | €6,000 | +€6,000 | |
| Financial charges | 65/66B | €4,434 | €2,167 | -€2,267 | -51.1% |
| Recurring financial charges | 65 | €4,434 | €2,167 | -€2,267 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,431 | -€17,598 | +€2,833 | +13.9% |
| Profit (loss) for the period | 9904 | -€20,431 | -€17,598 | +€2,833 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,431 | -€17,598 | +€2,833 | +13.9% |
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 29 October 2026 via checked.be.