ALEXCOM: 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.
ALEXCOM
Largest movements
- Receivables within one year -€9,613
down €9,613 (-49.0%), from €19,615 to €10,003
of which Other amounts receivable: -€8,151
- Cash +€3,581
up €3,581 (+3.8%), from €95,418 to €98,999
mainly Net result for the year (+€48,431) and Receivables within one year (+€9,613)
- Tangible fixed assets -€2,671
down €2,671 (-42.4%), from €6,293 to €3,622
of which Furniture and vehicles: -€1,801
- Receivables after one year -€2,000
no longer reported in 2025 (was €2,000)
- Other debts -€9,100
no longer reported in 2025 (was €9,100)
- Reserves +€9,019
up €9,019 (+9.2%), from €97,520 to €106,538
- Tax, wage and social debts -€6,093
down €6,093 (-50.3%), from €12,117 to €6,023
- Trade debts -€3,866
down €3,866 (-80.4%), from €4,811 to €944
- Current portion of long-term debt -€1,965
no longer reported in 2025 (was €1,965)
- Depreciation -€1,634
down €1,634 (-24.7%), from €6,608 to €4,975
- Taxes -€1,438
down €1,438 (-6.8%), from €21,080 to €19,642
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 | €125,513 | €113,596 | -€11,917 | -9.5% |
| Fixed assets | 21/28 | €6,293 | €3,622 | -€2,671 | -42.4% |
| Tangible fixed assets | 22/27 | €6,293 | €3,622 | -€2,671 | -42.4% |
| Plant, machinery and equipment | 23 | €1,681 | €1,832 | +€151 | +9.0% |
| Furniture and vehicles | 24 | €2,942 | €1,140 | -€1,801 | -61.2% |
| Other tangible fixed assets | 26 | €1,670 | €650 | -€1,020 | -61.1% |
| Current assets | 29/58 | €119,220 | €109,974 | -€9,246 | -7.8% |
| Amounts receivable after more than one year | 29 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 291 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €19,615 | €10,003 | -€9,613 | -49.0% |
| Trade receivables | 40 | €8,084 | €6,622 | -€1,462 | -18.1% |
| Other amounts receivable | 41 | €11,531 | €3,381 | -€8,151 | -70.7% |
| Cash at bank and in hand | 54/58 | €95,418 | €98,999 | +€3,581 | +3.8% |
| Deferred charges and accrued income | 490/1 | €2,187 | €973 | -€1,214 | -55.5% |
| Total equity and liabilities | 10/49 | €125,513 | €113,596 | -€11,917 | -9.5% |
| Equity | 10/15 | €97,520 | €106,538 | +€9,019 | +9.2% |
| Reserves | 13 | €97,520 | €106,538 | +€9,019 | +9.2% |
| Distributable reserves | 133 | €97,520 | €106,538 | +€9,019 | +9.2% |
| Amounts payable | 17/49 | €27,993 | €7,058 | -€20,935 | -74.8% |
| Amounts payable within one year | 42/48 | €27,993 | €6,968 | -€21,025 | -75.1% |
| Current portion of amounts payable after more than one year | 42 | €1,965 | - | -€1,965 | |
| Trade debts | 44 | €4,811 | €944 | -€3,866 | -80.4% |
| Suppliers | 440/4 | €4,811 | €944 | -€3,866 | -80.4% |
| Taxes, remuneration and social security | 45 | €12,117 | €6,023 | -€6,093 | -50.3% |
| Taxes | 450/3 | €12,117 | €6,023 | -€6,093 | -50.3% |
| Other amounts payable | 47/48 | €9,100 | - | -€9,100 | |
| Accrued charges and deferred income | 492/3 | €0 | €90 | +€90 | +22976.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,608 | €4,975 | -€1,634 | -24.7% |
| Other operating charges | 640/8 | €1,050 | €1,097 | +€47 | +4.5% |
| Gross operating margin | 9900 | €74,579 | €74,528 | -€51 | -0.1% |
| Operating profit (loss) | 9901 | €66,921 | €68,456 | +€1,535 | +2.3% |
| Financial income | 75/76B | €80 | €0 | -€80 | -100.0% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100.0% |
| Financial charges | 65/66B | €485 | €383 | -€102 | -21.1% |
| Recurring financial charges | 65 | €485 | €383 | -€102 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €66,515 | €68,072 | +€1,557 | +2.3% |
| Income taxes | 67/77 | €21,080 | €19,642 | -€1,438 | -6.8% |
| Profit (loss) for the period | 9904 | €45,435 | €48,431 | +€2,996 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,435 | €48,431 | +€2,996 | +6.6% |
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 12 October 2026 via checked.be.