ALEXANDRA JACQUES: 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.
ALEXANDRA JACQUES
Largest movements
- Tangible fixed assets -€11,217
down €11,217 (-51.0%), from €22,003 to €10,786
of which Furniture and vehicles: -€9,944
- Cash +€868
up €868 (+160%), from €541 to €1,409
mainly Depreciation (+€8,009) and Net result for the year (+€4,218)
- Receivables within one year +€463
up €463 (+7.6%), from €6,095 to €6,557
- Other debts -€12,937
down €12,937 (-53.0%), from €24,425 to €11,488
- Profit (loss) carried forward +€4,218
up €4,218 (+35.5%), from -€11,873 to -€7,655
- Debts after one year -€2,767
down €2,767 (-44.6%), from €6,205 to €3,438
- Contributions +€1,859
up €1,859 (+30.0%), from €6,197 to €8,057
- Reserves -€1,859
no longer reported in 2025 (was €1,859)
- Gross operating margin +€7,491
up €7,491 (+112%), from €6,692 to €14,183
- Depreciation -€1,969
down €1,969 (-19.7%), from €9,978 to €8,009
- Financial charges -€192
down €192 (-35.1%), from €546 to €355
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 | €31,369 | €21,192 | -€10,177 | -32.4% |
| Formation expenses | 20 | €1,144 | €867 | -€277 | -24.2% |
| Fixed assets | 21/28 | €22,332 | €10,860 | -€11,472 | -51.4% |
| Intangible fixed assets | 21 | €329 | €74 | -€255 | -77.5% |
| Tangible fixed assets | 22/27 | €22,003 | €10,786 | -€11,217 | -51.0% |
| Furniture and vehicles | 24 | €16,273 | €6,330 | -€9,944 | -61.1% |
| Other tangible fixed assets | 26 | €5,729 | €4,457 | -€1,273 | -22.2% |
| Current assets | 29/58 | €7,893 | €9,465 | +€1,572 | +19.9% |
| Amounts receivable within one year | 40/41 | €6,095 | €6,557 | +€463 | +7.6% |
| Trade receivables | 40 | €6,095 | €6,557 | +€463 | +7.6% |
| Cash at bank and in hand | 54/58 | €541 | €1,409 | +€868 | +160% |
| Deferred charges and accrued income | 490/1 | €1,257 | €1,499 | +€242 | +19.2% |
| Total equity and liabilities | 10/49 | €31,369 | €21,192 | -€10,177 | -32.4% |
| Equity | 10/15 | -€3,816 | €401 | +€4,218 | |
| Contributions | 10/11 | €6,197 | €8,057 | +€1,859 | +30.0% |
| Reserves | 13 | €1,859 | - | -€1,859 | |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Profit (loss) carried forward | 14 | -€11,873 | -€7,655 | +€4,218 | +35.5% |
| Amounts payable | 17/49 | €35,185 | €20,791 | -€14,394 | -40.9% |
| Amounts payable after more than one year | 17 | €6,205 | €3,438 | -€2,767 | -44.6% |
| Financial debts | 170/4 | €6,205 | €3,438 | -€2,767 | -44.6% |
| Amounts payable within one year | 42/48 | €28,980 | €17,353 | -€11,627 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €2,687 | €2,767 | +€80 | +3.0% |
| Financial debts | 43 | - | €154 | +€154 | |
| Credit institutions | 430/8 | - | €154 | +€154 | |
| Trade debts | 44 | €1,306 | €1,846 | +€540 | +41.4% |
| Suppliers | 440/4 | €1,306 | €1,846 | +€540 | +41.4% |
| Taxes, remuneration and social security | 45 | €562 | €1,097 | +€535 | +95.2% |
| Taxes | 450/3 | €562 | €1,097 | +€535 | +95.2% |
| Other amounts payable | 47/48 | €24,425 | €11,488 | -€12,937 | -53.0% |
| Non-recurring operating income | 76A | - | €9,260 | +€9,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,978 | €8,009 | -€1,969 | -19.7% |
| Other operating charges | 640/8 | €1,333 | €1,356 | +€23 | +1.7% |
| Gross operating margin | 9900 | €6,692 | €14,183 | +€7,491 | +112% |
| Operating profit (loss) | 9901 | -€4,619 | €4,819 | +€9,438 | |
| Financial income | 75/76B | €31 | €22 | -€9 | -30.1% |
| Recurring financial income | 75 | €31 | €22 | -€9 | -30.1% |
| Financial charges | 65/66B | €546 | €355 | -€192 | -35.1% |
| Recurring financial charges | 65 | €546 | €355 | -€192 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,134 | €4,486 | +€9,620 | |
| Income taxes | 67/77 | €279 | €268 | -€11 | -3.9% |
| Profit (loss) for the period | 9904 | -€5,413 | €4,218 | +€9,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,413 | €4,218 | +€9,630 |
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.