ALEXANDER MAXIM: what changed
ALEXANDER MAXIM
Largest movements
- Receivables within one year +€24,912
up €24,912 (+71.6%), from €34,813 to €59,725
of which Other amounts receivable: +€15,986
- Tangible fixed assets -€5,065
down €5,065 (-75.5%), from €6,706 to €1,641
of which Furniture and vehicles: -€4,789
- Other debts +€22,064
up €22,064 (+147%), from €15,000 to €37,064
- Trade debts -€3,627
down €3,627 (-38.4%), from €9,451 to €5,824
- Tax, wage and social debts +€753
up €753 (+11.4%), from €6,622 to €7,375
- Gross operating margin +€9,487
up €9,487 (+54.9%), from €17,268 to €26,755
- Depreciation -€7,287
down €7,287 (-83.3%), from €8,751 to €1,465
- Financial income +€4,810
up €4,810 (+252%), from €1,909 to €6,719
of which Non-recurring financial income: +€5,377
- Taxes +€4,643
up €4,643 (+232%), from €1,998 to €6,640
- Financial charges +€523
up €523 (+69.8%), from €749 to €1,272
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,052 | €67,783 | +€19,731 | +41.1% |
| Fixed assets | 21/28 | €9,706 | €4,641 | -€5,065 | -52.2% |
| Tangible fixed assets | 22/27 | €6,706 | €1,641 | -€5,065 | -75.5% |
| Plant, machinery and equipment | 23 | €920 | €644 | -€276 | -30.0% |
| Furniture and vehicles | 24 | €5,786 | €997 | -€4,789 | -82.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €38,346 | €63,142 | +€24,796 | +64.7% |
| Amounts receivable within one year | 40/41 | €34,813 | €59,725 | +€24,912 | +71.6% |
| Trade receivables | 40 | €16,222 | €25,148 | +€8,926 | +55.0% |
| Other amounts receivable | 41 | €18,590 | €34,576 | +€15,986 | +86.0% |
| Cash at bank and in hand | 54/58 | €1 | €1 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,533 | €3,416 | -€116 | -3.3% |
| Total equity and liabilities | 10/49 | €48,052 | €67,783 | +€19,731 | +41.1% |
| Equity | 10/15 | €6,864 | €6,912 | +€48 | +0.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €864 | €912 | +€48 | +5.6% |
| Amounts payable | 17/49 | €41,188 | €60,871 | +€19,682 | +47.8% |
| Amounts payable within one year | 42/48 | €41,188 | €60,871 | +€19,682 | +47.8% |
| Financial debts | 43 | €10,115 | €10,607 | +€492 | +4.9% |
| Credit institutions | 430/8 | €10,115 | €10,607 | +€492 | +4.9% |
| Trade debts | 44 | €9,451 | €5,824 | -€3,627 | -38.4% |
| Suppliers | 440/4 | €9,451 | €5,824 | -€3,627 | -38.4% |
| Taxes, remuneration and social security | 45 | €6,622 | €7,375 | +€753 | +11.4% |
| Taxes | 450/3 | €6,622 | €7,375 | +€753 | +11.4% |
| Other amounts payable | 47/48 | €15,000 | €37,064 | +€22,064 | +147% |
| Non-recurring operating income | 76A | €6,273 | - | -€6,273 | |
| Remuneration, social security and pensions | 62 | €236 | - | -€236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,751 | €1,465 | -€7,287 | -83.3% |
| Other operating charges | 640/8 | €883 | €548 | -€335 | -37.9% |
| Gross operating margin | 9900 | €17,268 | €26,755 | +€9,487 | +54.9% |
| Operating profit (loss) | 9901 | €7,397 | €24,741 | +€17,344 | +234% |
| Financial income | 75/76B | €1,909 | €6,719 | +€4,810 | +252% |
| Recurring financial income | 75 | €1,909 | €1,342 | -€567 | -29.7% |
| Non-recurring financial income | 76B | - | €5,377 | +€5,377 | |
| Financial charges | 65/66B | €749 | €1,272 | +€523 | +69.8% |
| Recurring financial charges | 65 | €749 | €1,272 | +€523 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €8,557 | €30,189 | +€21,632 | +253% |
| Income taxes | 67/77 | €1,998 | €6,640 | +€4,643 | +232% |
| Profit (loss) for the period | 9904 | €6,559 | €23,548 | +€16,989 | +259% |
| Profit (loss) for the period to be appropriated | 9905 | €6,559 | €23,548 | +€16,989 | +259% |
Next steps
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 2 November 2026 via checked.be.