Alexander's: 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's
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+855%), from €120,351 to €1.1m
- Cash +€44,080
up €44,080 (+152%), from €29,058 to €73,138
mainly Other debts (+€739,049) and Accrued charges and deferred income (+€200,000)
- Other debts +€739,049
up €739,049 (+1,232%), from €60,000 to €799,049
- Accrued charges and deferred income +€200,000
new in 2025: €200,000
- Trade debts +€69,118
up €69,118 (+517%), from €13,377 to €82,495
- Profit (loss) carried forward +€55,631
up €55,631 (+96.2%), from €57,856 to €113,487
- Tax, wage and social debts +€13,658
new in 2025: €13,658
- Gross operating margin +€124,479
up €124,479, from -€2,627 to €121,852
- Depreciation +€58,234
up €58,234 (+1,733%), from €3,360 to €61,594
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 | €151,233 | €1,228,689 | +€1.1m | +712% |
| Fixed assets | 21/28 | €120,351 | €1,149,501 | +€1.0m | +855% |
| Tangible fixed assets | 22/27 | €120,351 | €1,149,501 | +€1.0m | +855% |
| Land and buildings | 22 | €120,351 | €1,149,501 | +€1.0m | +855% |
| Current assets | 29/58 | €30,882 | €79,188 | +€48,306 | +156% |
| Amounts receivable within one year | 40/41 | €1,824 | €6,050 | +€4,226 | +232% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €1,824 | - | -€1,824 | |
| Cash at bank and in hand | 54/58 | €29,058 | €73,138 | +€44,080 | +152% |
| Total equity and liabilities | 10/49 | €151,233 | €1,228,689 | +€1.1m | +712% |
| Equity | 10/15 | €77,856 | €133,487 | +€55,631 | +71.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,856 | €113,487 | +€55,631 | +96.2% |
| Amounts payable | 17/49 | €73,377 | €1,095,202 | +€1.0m | +1,393% |
| Amounts payable within one year | 42/48 | €73,377 | €895,202 | +€821,825 | +1,120% |
| Trade debts | 44 | €13,377 | €82,495 | +€69,118 | +517% |
| Suppliers | 440/4 | €13,377 | €82,495 | +€69,118 | +517% |
| Taxes, remuneration and social security | 45 | - | €13,658 | +€13,658 | |
| Taxes | 450/3 | - | €13,658 | +€13,658 | |
| Other amounts payable | 47/48 | €60,000 | €799,049 | +€739,049 | +1,232% |
| Accrued charges and deferred income | 492/3 | - | €200,000 | +€200,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,360 | €61,594 | +€58,234 | +1,733% |
| Other operating charges | 640/8 | €3,916 | €4,516 | +€600 | +15.3% |
| Gross operating margin | 9900 | -€2,627 | €121,852 | +€124,479 | |
| Operating profit (loss) | 9901 | -€9,903 | €55,742 | +€65,645 | |
| Financial charges | 65/66B | €241 | €111 | -€130 | -53.9% |
| Recurring financial charges | 65 | €241 | €111 | -€130 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,144 | €55,631 | +€65,775 | |
| Profit (loss) for the period | 9904 | -€10,144 | €55,631 | +€65,775 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,144 | €55,631 | +€65,775 |
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 16 October 2026 via checked.be.