ALEXANDER - VAN GASSE: 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 - VAN GASSE
Largest movements
- Receivables within one year +€4,180
up €4,180 (+27.1%), from €15,415 to €19,594
of which Other amounts receivable: +€14,511
- Tangible fixed assets +€3,065
up €3,065 (+1.2%), from €261,720 to €264,785
of which Land and buildings: +€3,601
- Reserves +€33,440
up €33,440 (+84.0%), from €39,809 to €73,250
- Debts after one year -€20,153
down €20,153 (-13.1%), from €153,445 to €133,292
- Other debts -€16,794
down €16,794 (-26.9%), from €62,520 to €45,726
- Trade debts +€5,331
up €5,331 (+90.4%), from €5,895 to €11,226
- Tax, wage and social debts +€5,013
up €5,013 (+126%), from €3,981 to €8,994
- Gross operating margin -€27,592
down €27,592 (-28.6%), from €96,643 to €69,050
- Taxes -€4,107
down €4,107 (-21.5%), from €19,120 to €15,013
- Depreciation +€1,141
up €1,141 (+8.2%), from €13,918 to €15,059
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 | €292,337 | €298,840 | +€6,503 | +2.2% |
| Fixed assets | 21/28 | €261,720 | €266,035 | +€4,315 | +1.6% |
| Tangible fixed assets | 22/27 | €261,720 | €264,785 | +€3,065 | +1.2% |
| Land and buildings | 22 | €260,098 | €263,699 | +€3,601 | +1.4% |
| Plant, machinery and equipment | 23 | €262 | €66 | -€196 | -74.9% |
| Furniture and vehicles | 24 | €1,360 | €1,020 | -€340 | -25.0% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €30,617 | €32,805 | +€2,188 | +7.1% |
| Amounts receivable within one year | 40/41 | €15,415 | €19,594 | +€4,180 | +27.1% |
| Trade receivables | 40 | €10,331 | €0 | -€10,331 | -100% |
| Other amounts receivable | 41 | €5,084 | €19,594 | +€14,511 | +285% |
| Cash at bank and in hand | 54/58 | €14,289 | €12,399 | -€1,890 | -13.2% |
| Deferred charges and accrued income | 490/1 | €913 | €812 | -€102 | -11.1% |
| Total equity and liabilities | 10/49 | €292,337 | €298,840 | +€6,503 | +2.2% |
| Equity | 10/15 | €46,009 | €79,450 | +€33,440 | +72.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,809 | €73,250 | +€33,440 | +84.0% |
| Distributable reserves | 133 | €39,809 | €73,250 | +€33,440 | +84.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €246,328 | €219,390 | -€26,938 | -10.9% |
| Amounts payable after more than one year | 17 | €153,445 | €133,292 | -€20,153 | -13.1% |
| Financial debts | 170/4 | €153,445 | €133,292 | -€20,153 | -13.1% |
| Amounts payable within one year | 42/48 | €92,313 | €86,099 | -€6,215 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €19,917 | €20,153 | +€236 | +1.2% |
| Trade debts | 44 | €5,895 | €11,226 | +€5,331 | +90.4% |
| Suppliers | 440/4 | €5,895 | €11,226 | +€5,331 | +90.4% |
| Taxes, remuneration and social security | 45 | €3,981 | €8,994 | +€5,013 | +126% |
| Taxes | 450/3 | €3,981 | €8,994 | +€5,013 | +126% |
| Other amounts payable | 47/48 | €62,520 | €45,726 | -€16,794 | -26.9% |
| Accrued charges and deferred income | 492/3 | €570 | €0 | -€570 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,918 | €15,059 | +€1,141 | +8.2% |
| Other operating charges | 640/8 | €2,346 | €2,381 | +€35 | +1.5% |
| Gross operating margin | 9900 | €96,643 | €69,050 | -€27,592 | -28.6% |
| Operating profit (loss) | 9901 | €80,378 | €51,610 | -€28,768 | -35.8% |
| Financial income | 75/76B | €3 | €764 | +€761 | +25,362% |
| Recurring financial income | 75 | €3 | €764 | +€761 | +25,362% |
| Financial charges | 65/66B | €3,947 | €3,921 | -€26 | -0.7% |
| Recurring financial charges | 65 | €3,947 | €3,698 | -€249 | -6.3% |
| Non-recurring financial charges | 66B | - | €223 | +€223 | |
| Profit (loss) for the period before taxes | 9903 | €76,434 | €48,453 | -€27,981 | -36.6% |
| Income taxes | 67/77 | €19,120 | €15,013 | -€4,107 | -21.5% |
| Profit (loss) for the period | 9904 | €57,314 | €33,440 | -€23,874 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,314 | €33,440 | -€23,874 | -41.7% |
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 31 October 2026 via checked.be.