ALEXANDRE-DE ROECK: 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.
ALEXANDRE-DE ROECK
Largest movements
- Cash +€65,651
up €65,651 (+36.2%), from €181,444 to €247,095
mainly Other debts (+€128,209) and Net result for the year (+€96,886)
- Receivables within one year +€27,317
up €27,317 (+30.8%), from €88,761 to €116,079
of which Trade receivables: +€28,123
- Intangible fixed assets -€18,000
down €18,000 (-100%), from €18,000 to €0
- Other debts +€128,209
up €128,209 (+65.5%), from €195,855 to €324,064
- Profit (loss) carried forward -€59,059
no longer reported in 2025 (was €59,059)
- Tax, wage and social debts +€7,572
up €7,572 (+42.8%), from €17,697 to €25,269
of which Taxes: +€7,022
- Gross operating margin +€42,087
up €42,087 (+38.0%), from €110,807 to €152,894
- Taxes +€11,017
up €11,017 (+61.5%), from €17,921 to €28,938
- Financial charges -€3,791
down €3,791 (-39.9%), from €9,505 to €5,714
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 | €294,822 | €368,081 | +€73,259 | +24.8% |
| Fixed assets | 21/28 | €21,824 | €2,173 | -€19,651 | -90.0% |
| Intangible fixed assets | 21 | €18,000 | €0 | -€18,000 | -100% |
| Tangible fixed assets | 22/27 | €3,824 | €2,173 | -€1,651 | -43.2% |
| Furniture and vehicles | 24 | €3,824 | €2,173 | -€1,651 | -43.2% |
| Current assets | 29/58 | €272,998 | €365,908 | +€92,910 | +34.0% |
| Amounts receivable within one year | 40/41 | €88,761 | €116,079 | +€27,317 | +30.8% |
| Trade receivables | 40 | €77,628 | €105,751 | +€28,123 | +36.2% |
| Other amounts receivable | 41 | €11,133 | €10,328 | -€805 | -7.2% |
| Cash at bank and in hand | 54/58 | €181,444 | €247,095 | +€65,651 | +36.2% |
| Deferred charges and accrued income | 490/1 | €2,793 | €2,734 | -€58 | -2.1% |
| Total equity and liabilities | 10/49 | €294,822 | €368,081 | +€73,259 | +24.8% |
| Equity | 10/15 | €79,519 | €18,600 | -€60,919 | -76.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €59,059 | - | -€59,059 | |
| Amounts payable | 17/49 | €215,303 | €349,481 | +€134,178 | +62.3% |
| Amounts payable within one year | 42/48 | €215,003 | €349,481 | +€134,478 | +62.5% |
| Financial debts | 43 | €131 | €94 | -€37 | -28.5% |
| Credit institutions | 430/8 | €131 | €94 | -€37 | -28.5% |
| Trade debts | 44 | €1,320 | €54 | -€1,267 | -95.9% |
| Suppliers | 440/4 | €1,320 | €54 | -€1,267 | -95.9% |
| Taxes, remuneration and social security | 45 | €17,697 | €25,269 | +€7,572 | +42.8% |
| Taxes | 450/3 | €10,197 | €17,219 | +€7,022 | +68.9% |
| Remuneration and social security | 454/9 | €7,500 | €8,050 | +€550 | +7.3% |
| Other amounts payable | 47/48 | €195,855 | €324,064 | +€128,209 | +65.5% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,115 | €19,609 | -€1,506 | -7.1% |
| Other operating charges | 640/8 | €965 | €1,261 | +€296 | +30.7% |
| Non-recurring operating charges | 66A | €524 | €486 | -€38 | -7.3% |
| Gross operating margin | 9900 | €110,807 | €152,894 | +€42,087 | +38.0% |
| Operating profit (loss) | 9901 | €88,203 | €131,538 | +€43,335 | +49.1% |
| Financial charges | 65/66B | €9,505 | €5,714 | -€3,791 | -39.9% |
| Recurring financial charges | 65 | €9,505 | €5,714 | -€3,791 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €78,698 | €125,824 | +€47,126 | +59.9% |
| Income taxes | 67/77 | €17,921 | €28,938 | +€11,017 | +61.5% |
| Profit (loss) for the period | 9904 | €60,777 | €96,886 | +€36,109 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,777 | €96,886 | +€36,109 | +59.4% |
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 24 October 2026 via checked.be.