ALEXANDRE MUSSCHE DESIGN: 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 MUSSCHE DESIGN
Largest movements
- Receivables within one year +€66,218
up €66,218 (+60.8%), from €108,833 to €175,051
of which Other amounts receivable: +€73,065
- Cash +€6,986
up €6,986 (+50.3%), from €13,890 to €20,876
mainly Net result for the year (+€72,500) and Tax, wage and social debts (+€4,010)
- Tangible fixed assets +€4,154
up €4,154 (+432%), from €962 to €5,116
- Profit (loss) carried forward +€72,500
up €72,500 (+66.5%), from €108,949 to €181,448
- Tax, wage and social debts +€4,010
up €4,010 (+27.5%), from €14,607 to €18,617
- Gross operating margin +€17,735
up €17,735 (+25.8%), from €68,615 to €86,350
- Financial income +€4,174
up €4,174 (+132%), from €3,151 to €7,325
- Taxes +€4,012
up €4,012 (+28.0%), from €14,352 to €18,364
- Depreciation +€1,521
up €1,521 (+244%), from €624 to €2,145
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 | €123,685 | €201,043 | +€77,358 | +62.5% |
| Fixed assets | 21/28 | €962 | €5,116 | +€4,154 | +432% |
| Tangible fixed assets | 22/27 | €962 | €5,116 | +€4,154 | +432% |
| Furniture and vehicles | 24 | €962 | €5,116 | +€4,154 | +432% |
| Current assets | 29/58 | €122,723 | €195,927 | +€73,204 | +59.7% |
| Amounts receivable within one year | 40/41 | €108,833 | €175,051 | +€66,218 | +60.8% |
| Trade receivables | 40 | €9,614 | €2,768 | -€6,847 | -71.2% |
| Other amounts receivable | 41 | €99,219 | €172,283 | +€73,065 | +73.6% |
| Cash at bank and in hand | 54/58 | €13,890 | €20,876 | +€6,986 | +50.3% |
| Total equity and liabilities | 10/49 | €123,685 | €201,043 | +€77,358 | +62.5% |
| Equity | 10/15 | €108,949 | €181,448 | +€72,500 | +66.5% |
| Profit (loss) carried forward | 14 | €108,949 | €181,448 | +€72,500 | +66.5% |
| Amounts payable | 17/49 | €14,736 | €19,595 | +€4,858 | +33.0% |
| Amounts payable within one year | 42/48 | €14,736 | €19,595 | +€4,858 | +33.0% |
| Trade debts | 44 | €130 | €978 | +€848 | +653% |
| Suppliers | 440/4 | €130 | €978 | +€848 | +653% |
| Taxes, remuneration and social security | 45 | €14,607 | €18,617 | +€4,010 | +27.5% |
| Taxes | 450/3 | €14,607 | €18,617 | +€4,010 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €2,145 | +€1,521 | +244% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €68,615 | €86,350 | +€17,735 | +25.8% |
| Operating profit (loss) | 9901 | €67,991 | €83,806 | +€15,814 | +23.3% |
| Financial income | 75/76B | €3,151 | €7,325 | +€4,174 | +132% |
| Recurring financial income | 75 | €3,151 | €7,325 | +€4,174 | +132% |
| Financial charges | 65/66B | €298 | €267 | -€31 | -10.3% |
| Recurring financial charges | 65 | €298 | €267 | -€31 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €70,845 | €90,864 | +€20,019 | +28.3% |
| Income taxes | 67/77 | €14,352 | €18,364 | +€4,012 | +28.0% |
| Profit (loss) for the period | 9904 | €56,493 | €72,500 | +€16,007 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,493 | €72,500 | +€16,007 | +28.3% |
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 30 October 2026 via checked.be.