ALEXANDRA IPPERSIEL: what changed
ALEXANDRA IPPERSIEL
Largest movements
- Receivables within one year +€17,194
up €17,194 (+41.2%), from €41,714 to €58,909
of which Other amounts receivable: +€17,194
- Cash +€7,886
up €7,886 (+24.7%), from €31,930 to €39,815
mainly Net result for the year (+€28,114) and Depreciation (+€2,290)
- Tangible fixed assets +€4,480
up €4,480 (+52.5%), from €8,528 to €13,008
of which Other tangible fixed assets: +€2,339
- Reserves +€28,000
up €28,000 (+40.0%), from €70,000 to €98,000
- Turnover -€10,913
down €10,913 (-9.4%), from €116,158 to €105,246
- Gross operating margin -€5,912
down €5,912 (-12.0%), from €49,308 to €43,396
- Purchases and services -€5,000
down €5,000 (-7.5%), from €66,850 to €61,850
- Taxes -€2,860
down €2,860 (-22.6%), from €12,679 to €9,819
- Other operating charges +€1,233
up €1,233 (+70.3%), from €1,753 to €2,986
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 | €82,313 | €111,878 | +€29,565 | +35.9% |
| Fixed assets | 21/28 | €8,528 | €13,008 | +€4,480 | +52.5% |
| Tangible fixed assets | 22/27 | €8,528 | €13,008 | +€4,480 | +52.5% |
| Furniture and vehicles | 24 | €5,765 | €7,906 | +€2,141 | +37.1% |
| Other tangible fixed assets | 26 | €2,762 | €5,102 | +€2,339 | +84.7% |
| Current assets | 29/58 | €73,785 | €98,870 | +€25,085 | +34.0% |
| Amounts receivable within one year | 40/41 | €41,714 | €58,909 | +€17,194 | +41.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €41,714 | €58,909 | +€17,194 | +41.2% |
| Cash at bank and in hand | 54/58 | €31,930 | €39,815 | +€7,886 | +24.7% |
| Deferred charges and accrued income | 490/1 | €142 | €146 | +€5 | +3.4% |
| Total equity and liabilities | 10/49 | €82,313 | €111,878 | +€29,565 | +35.9% |
| Equity | 10/15 | €73,824 | €101,938 | +€28,114 | +38.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €98,000 | +€28,000 | +40.0% |
| Distributable reserves | 133 | €70,000 | €98,000 | +€28,000 | +40.0% |
| Profit (loss) carried forward | 14 | €824 | €938 | +€114 | +13.8% |
| Amounts payable | 17/49 | €8,489 | €9,940 | +€1,452 | +17.1% |
| Amounts payable within one year | 42/48 | €8,489 | €9,940 | +€1,452 | +17.1% |
| Trade debts | 44 | €553 | €1,137 | +€584 | +106% |
| Suppliers | 440/4 | €553 | €1,137 | +€584 | +106% |
| Taxes, remuneration and social security | 45 | €7,936 | €8,803 | +€867 | +10.9% |
| Taxes | 450/3 | €7,936 | €8,803 | +€867 | +10.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €116,158 | €105,246 | -€10,913 | -9.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €66,850 | €61,850 | -€5,000 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,111 | €2,290 | +€1,179 | +106% |
| Other operating charges | 640/8 | €1,753 | €2,986 | +€1,233 | +70.3% |
| Gross operating margin | 9900 | €49,308 | €43,396 | -€5,912 | -12.0% |
| Operating profit (loss) | 9901 | €46,445 | €38,121 | -€8,324 | -17.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €153 | €188 | +€35 | +22.6% |
| Recurring financial charges | 65 | €153 | €188 | +€35 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €46,292 | €37,933 | -€8,359 | -18.1% |
| Income taxes | 67/77 | €12,679 | €9,819 | -€2,860 | -22.6% |
| Profit (loss) for the period | 9904 | €33,613 | €28,114 | -€5,499 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,613 | €28,114 | -€5,499 | -16.4% |
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 5 November 2026 via checked.be.