ALEXANDRE.....: what changed
Two fiscal 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.
ALEXANDRE.....
Largest movements
- Tangible fixed assets -€57,423
down €57,423 (-8.0%), from €716,788 to €659,365
of which Land and buildings: -€47,215
- Receivables within one year -€9,010
down €9,010 (-9.7%), from €93,132 to €84,121
of which Trade receivables: -€27,996
- Debts after one year -€61,779
down €61,779 (-9.0%), from €688,983 to €627,204
- Trade debts -€17,921
down €17,921 (-27.6%), from €65,044 to €47,124
- Advances received +€8,708
up €8,708 (+54.9%), from €15,857 to €24,564
- Gross operating margin -€79,924
down €79,924 (-24.3%), from €329,426 to €249,502
- Staff costs -€68,313
down €68,313 (-30.6%), from €223,450 to €155,137
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.
Cash bridge derived
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 | €836,265 | €767,192 | -€69,073 | -8.3% |
| Fixed assets | 21/28 | €716,788 | €659,365 | -€57,423 | -8.0% |
| Tangible fixed assets | 22/27 | €716,788 | €659,365 | -€57,423 | -8.0% |
| Land and buildings | 22 | €692,511 | €645,296 | -€47,215 | -6.8% |
| Plant, machinery and equipment | 23 | €17,219 | €12,297 | -€4,922 | -28.6% |
| Furniture and vehicles | 24 | €5,191 | €1,742 | -€3,450 | -66.5% |
| Other tangible fixed assets | 26 | €1,868 | €32 | -€1,836 | -98.3% |
| Current assets | 29/58 | €119,477 | €107,827 | -€11,650 | -9.8% |
| Stocks and contracts in progress | 3 | €10,200 | €5,512 | -€4,687 | -46.0% |
| Stocks | 30/36 | €10,200 | €5,512 | -€4,687 | -46.0% |
| Amounts receivable within one year | 40/41 | €93,132 | €84,121 | -€9,010 | -9.7% |
| Trade receivables | 40 | €29,624 | €1,628 | -€27,996 | -94.5% |
| Other amounts receivable | 41 | €63,508 | €82,494 | +€18,986 | +29.9% |
| Cash at bank and in hand | 54/58 | €16,145 | €18,193 | +€2,048 | +12.7% |
| Total equity and liabilities | 10/49 | €836,265 | €767,192 | -€69,073 | -8.3% |
| Equity | 10/15 | -€38,925 | -€46,025 | -€7,100 | -18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,985 | -€54,085 | -€7,100 | -15.1% |
| Amounts payable | 17/49 | €875,189 | €813,217 | -€61,973 | -7.1% |
| Amounts payable after more than one year | 17 | €688,983 | €627,204 | -€61,779 | -9.0% |
| Financial debts | 170/4 | €688,983 | €627,204 | -€61,779 | -9.0% |
| Amounts payable within one year | 42/48 | €186,206 | €186,013 | -€193 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €59,459 | €61,779 | +€2,321 | +3.9% |
| Trade debts | 44 | €65,044 | €47,124 | -€17,921 | -27.6% |
| Suppliers | 440/4 | €65,044 | €47,124 | -€17,921 | -27.6% |
| Advances received on contracts in progress | 46 | €15,857 | €24,564 | +€8,708 | +54.9% |
| Taxes, remuneration and social security | 45 | €45,847 | €52,545 | +€6,699 | +14.6% |
| Taxes | 450/3 | €19,821 | €18,755 | -€1,065 | -5.4% |
| Remuneration and social security | 454/9 | €26,026 | €33,790 | +€7,764 | +29.8% |
| Remuneration, social security and pensions | 62 | €223,450 | €155,137 | -€68,313 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,481 | €59,601 | -€2,880 | -4.6% |
| Other operating charges | 640/8 | €3,719 | €6,152 | +€2,433 | +65.4% |
| Gross operating margin | 9900 | €329,426 | €249,502 | -€79,924 | -24.3% |
| Operating profit (loss) | 9901 | €39,775 | €28,612 | -€11,164 | -28.1% |
| Financial income | 75/76B | €458 | €0 | -€458 | -100.0% |
| Recurring financial income | 75 | €458 | €0 | -€458 | -100.0% |
| Financial charges | 65/66B | €36,820 | €34,523 | -€2,297 | -6.2% |
| Recurring financial charges | 65 | €36,820 | €34,523 | -€2,297 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €3,413 | -€5,911 | -€9,324 | |
| Income taxes | 67/77 | €3,610 | €1,189 | -€2,421 | -67.1% |
| Profit (loss) for the period | 9904 | -€197 | -€7,100 | -€6,903 | -3507.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€197 | -€7,100 | -€6,903 | -3507.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.