ALEXANDER ROARK: 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 ROARK
Largest movements
- Cash -€29,472
down €29,472 (-94.1%), from €31,330 to €1,859
mainly Other debts (-€22,273) and Contributions, distributions and other (-€21,696)
- Current investments -€10,271
down €10,271 (-61.9%), from €16,599 to €6,328
- Receivables within one year -€3,502
down €3,502 (-99.9%), from €3,507 to €5
of which Trade receivables: -€3,272
- Deferred charges and accrued income -€2,071
down €2,071 (-31.8%), from €6,505 to €4,434
- Other debts -€22,273
down €22,273 (-85.4%), from €26,093 to €3,820
- Debts after one year -€11,427
down €11,427 (-92.0%), from €12,418 to €991
- Reserves -€9,348
down €9,348 (-68.3%), from €13,696 to €4,348
of which Distributable reserves: -€9,348
- Tax, wage and social debts -€873
down €873 (-13.1%), from €6,650 to €5,777
- Short-term financial debts -€774
down €774 (-96.2%), from €805 to €31
- Gross operating margin +€10,344
up €10,344 (+163%), from €6,363 to €16,707
- Financial income +€2,224
up €2,224 (+11,121,550%), from €0 to €2,224
- Depreciation +€2,020
up €2,020 (+131%), from €1,540 to €3,560
- Other operating charges -€445
down €445 (-46.0%), from €969 to €523
- Financial charges +€209
up €209 (+10.0%), from €2,081 to €2,290
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 | €68,801 | €24,011 | -€44,790 | -65.1% |
| Fixed assets | 21/28 | €10,859 | €11,385 | +€526 | +4.8% |
| Tangible fixed assets | 22/27 | €10,859 | €11,385 | +€526 | +4.8% |
| Plant, machinery and equipment | 23 | €5,167 | €5,920 | +€753 | +14.6% |
| Furniture and vehicles | 24 | €5,693 | €5,466 | -€227 | -4.0% |
| Current assets | 29/58 | €57,941 | €12,626 | -€45,316 | -78.2% |
| Amounts receivable within one year | 40/41 | €3,507 | €5 | -€3,502 | -99.9% |
| Trade receivables | 40 | €3,272 | €0 | -€3,272 | -100% |
| Other amounts receivable | 41 | €235 | €5 | -€230 | -97.9% |
| Current investments | 50/53 | €16,599 | €6,328 | -€10,271 | -61.9% |
| Cash at bank and in hand | 54/58 | €31,330 | €1,859 | -€29,472 | -94.1% |
| Deferred charges and accrued income | 490/1 | €6,505 | €4,434 | -€2,071 | -31.8% |
| Total equity and liabilities | 10/49 | €68,801 | €24,011 | -€44,790 | -65.1% |
| Equity | 10/15 | €18,696 | €9,348 | -€9,348 | -50.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,696 | €4,348 | -€9,348 | -68.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €13,696 | €4,348 | -€9,348 | -68.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,105 | €14,663 | -€35,442 | -70.7% |
| Amounts payable after more than one year | 17 | €12,418 | €991 | -€11,427 | -92.0% |
| Financial debts | 170/4 | €12,418 | €991 | -€11,427 | -92.0% |
| Amounts payable within one year | 42/48 | €37,520 | €13,570 | -€23,949 | -63.8% |
| Current portion of amounts payable after more than one year | 42 | €1,358 | €1,427 | +€69 | +5.1% |
| Financial debts | 43 | €805 | €31 | -€774 | -96.2% |
| Credit institutions | 430/8 | €805 | €31 | -€774 | -96.2% |
| Trade debts | 44 | €2,614 | €2,516 | -€98 | -3.7% |
| Suppliers | 440/4 | €2,614 | €2,516 | -€98 | -3.7% |
| Taxes, remuneration and social security | 45 | €6,650 | €5,777 | -€873 | -13.1% |
| Taxes | 450/3 | €6,650 | €5,777 | -€873 | -13.1% |
| Other amounts payable | 47/48 | €26,093 | €3,820 | -€22,273 | -85.4% |
| Accrued charges and deferred income | 492/3 | €167 | €101 | -€66 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,540 | €3,560 | +€2,020 | +131% |
| Other operating charges | 640/8 | €969 | €523 | -€445 | -46.0% |
| Gross operating margin | 9900 | €6,363 | €16,707 | +€10,344 | +163% |
| Operating profit (loss) | 9901 | €3,854 | €12,624 | +€8,770 | +228% |
| Financial income | 75/76B | €0 | €2,224 | +€2,224 | +11,121,550% |
| Recurring financial income | 75 | €0 | €2,224 | +€2,224 | +11,121,550% |
| Financial charges | 65/66B | €2,081 | €2,290 | +€209 | +10.0% |
| Recurring financial charges | 65 | €2,081 | €2,290 | +€209 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €1,773 | €12,558 | +€10,785 | +608% |
| Income taxes | 67/77 | €180 | €210 | +€30 | +16.5% |
| Profit (loss) for the period | 9904 | €1,593 | €12,348 | +€10,755 | +675% |
| Profit (loss) for the period to be appropriated | 9905 | €1,593 | €12,348 | +€10,755 | +675% |
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 14 October 2026 via checked.be.