ALEXCELERATE: 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.
ALEXCELERATE
Largest movements
- Receivables within one year +€24,381
up €24,381 (+110.8%), from €22,001 to €46,383
of which Trade receivables: +€15,972
- Cash +€20,936
up €20,936 (+60.7%), from €34,507 to €55,443
mainly Net result for the year (+€38,810) and Tax, wage and social debts (+€7,502)
- Profit (loss) carried forward +€38,810
up €38,810 (+105.8%), from €36,699 to €75,510
- Tax, wage and social debts +€7,502
up €7,502 (+46.7%), from €16,069 to €23,571
- Trade debts -€1,175
down €1,175 (-14.9%), from €7,883 to €6,708
- Gross operating margin +€31,886
up €31,886 (+148.2%), from €21,520 to €53,407
- Taxes +€6,243
up €6,243 (+131.0%), from €4,767 to €11,010
- Depreciation +€618
up €618 (+30.9%), from €1,999 to €2,617
- Other operating charges +€609
up €609 (+94.1%), from €647 to €1,256
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 | €62,651 | €107,789 | +€45,138 | +72.0% |
| Fixed assets | 21/28 | €5,173 | €4,970 | -€203 | -3.9% |
| Tangible fixed assets | 22/27 | €5,173 | €4,970 | -€203 | -3.9% |
| Furniture and vehicles | 24 | €5,173 | €4,970 | -€203 | -3.9% |
| Current assets | 29/58 | €57,478 | €102,819 | +€45,341 | +78.9% |
| Amounts receivable within one year | 40/41 | €22,001 | €46,383 | +€24,381 | +110.8% |
| Trade receivables | 40 | €15,972 | €31,944 | +€15,972 | +100.0% |
| Other amounts receivable | 41 | €6,029 | €14,439 | +€8,409 | +139.5% |
| Cash at bank and in hand | 54/58 | €34,507 | €55,443 | +€20,936 | +60.7% |
| Deferred charges and accrued income | 490/1 | €970 | €993 | +€24 | +2.4% |
| Total equity and liabilities | 10/49 | €62,651 | €107,789 | +€45,138 | +72.0% |
| Equity | 10/15 | €38,699 | €77,510 | +€38,810 | +100.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,699 | €75,510 | +€38,810 | +105.8% |
| Amounts payable | 17/49 | €23,951 | €30,279 | +€6,328 | +26.4% |
| Amounts payable within one year | 42/48 | €23,951 | €30,279 | +€6,328 | +26.4% |
| Trade debts | 44 | €7,883 | €6,708 | -€1,175 | -14.9% |
| Suppliers | 440/4 | €7,883 | €6,708 | -€1,175 | -14.9% |
| Taxes, remuneration and social security | 45 | €16,069 | €23,571 | +€7,502 | +46.7% |
| Taxes | 450/3 | €16,069 | €23,571 | +€7,502 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,999 | €2,617 | +€618 | +30.9% |
| Other operating charges | 640/8 | €647 | €1,256 | +€609 | +94.1% |
| Gross operating margin | 9900 | €21,520 | €53,407 | +€31,886 | +148.2% |
| Operating profit (loss) | 9901 | €18,874 | €49,534 | +€30,660 | +162.4% |
| Financial income | 75/76B | - | €360 | +€360 | |
| Recurring financial income | 75 | - | €360 | +€360 | |
| Financial charges | 65/66B | €117 | €73 | -€44 | -37.4% |
| Recurring financial charges | 65 | €117 | €73 | -€44 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €18,757 | €49,820 | +€31,063 | +165.6% |
| Income taxes | 67/77 | €4,767 | €11,010 | +€6,243 | +131.0% |
| Profit (loss) for the period | 9904 | €13,991 | €38,810 | +€24,820 | +177.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,991 | €38,810 | +€24,820 | +177.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.