Alexej: 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.
Alexej
Largest movements
- Tangible fixed assets +€85,903
new in 2025: €85,903
of which Plant, machinery and equipment: +€83,119
- Cash +€46,960
up €46,960 (+17392585.2%), from €0 to €46,960
mainly Debts after one year (+€105,969) and Other debts (+€34,349)
- Intangible fixed assets +€46,082
new in 2025: €46,082
- Stocks and contracts +€23,500
new in 2025: €23,500
- Receivables within one year -€2,476
down €2,476 (-68.2%), from €3,630 to €1,154
- Debts after one year +€105,969
new in 2025: €105,969
- Other debts +€34,349
new in 2025: €34,349
- Trade debts +€34,006
new in 2025: €34,006
- Tax, wage and social debts +€21,174
up €21,174 (+3674.2%), from €576 to €21,750
of which Taxes: +€14,678
- Profit (loss) carried forward +€5,653
up €5,653 (+8.0%), from -€70,366 to -€64,713
- Gross operating margin +€70,927
up €70,927 (+3447.1%), from €2,058 to €72,985
- Staff costs +€52,451
new in 2025: €52,451
- Depreciation +€12,232
new in 2025: €12,232
- Financial charges +€1,851
up €1,851 (+272.8%), from €678 to €2,529
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 | €3,630 | €204,017 | +€200,387 | +5519.9% |
| Fixed assets | 21/28 | - | €131,985 | +€131,985 | |
| Intangible fixed assets | 21 | - | €46,082 | +€46,082 | |
| Tangible fixed assets | 22/27 | - | €85,903 | +€85,903 | |
| Plant, machinery and equipment | 23 | - | €83,119 | +€83,119 | |
| Furniture and vehicles | 24 | - | €2,784 | +€2,784 | |
| Current assets | 29/58 | €3,630 | €72,032 | +€68,402 | +1884.2% |
| Stocks and contracts in progress | 3 | - | €23,500 | +€23,500 | |
| Stocks | 30/36 | - | €23,500 | +€23,500 | |
| Amounts receivable within one year | 40/41 | €3,630 | €1,154 | -€2,476 | -68.2% |
| Trade receivables | 40 | €3,630 | €1,154 | -€2,476 | -68.2% |
| Cash at bank and in hand | 54/58 | €0 | €46,960 | +€46,960 | +17392585.2% |
| Deferred charges and accrued income | 490/1 | - | €418 | +€418 | |
| Total equity and liabilities | 10/49 | €3,630 | €204,017 | +€200,387 | +5519.9% |
| Equity | 10/15 | €2,291 | €7,944 | +€5,653 | +246.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €54,065 | €54,065 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €52,206 | €52,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,366 | -€64,713 | +€5,653 | +8.0% |
| Amounts payable | 17/49 | €1,339 | €196,074 | +€194,734 | +14541.3% |
| Amounts payable after more than one year | 17 | - | €105,969 | +€105,969 | |
| Financial debts | 170/4 | - | €105,969 | +€105,969 | |
| Amounts payable within one year | 42/48 | €1,339 | €90,105 | +€88,766 | +6628.4% |
| Financial debts | 43 | €763 | - | -€763 | |
| Credit institutions | 430/8 | €763 | - | -€763 | |
| Trade debts | 44 | - | €34,006 | +€34,006 | |
| Suppliers | 440/4 | - | €34,006 | +€34,006 | |
| Taxes, remuneration and social security | 45 | €576 | €21,750 | +€21,174 | +3674.2% |
| Taxes | 450/3 | €576 | €15,255 | +€14,678 | +2547.1% |
| Remuneration and social security | 454/9 | - | €6,495 | +€6,495 | |
| Other amounts payable | 47/48 | - | €34,349 | +€34,349 | |
| Remuneration, social security and pensions | 62 | - | €52,451 | +€52,451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,232 | +€12,232 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €2,058 | €72,985 | +€70,927 | +3447.1% |
| Operating profit (loss) | 9901 | €1,940 | €8,182 | +€6,242 | +321.8% |
| Financial charges | 65/66B | €678 | €2,529 | +€1,851 | +272.8% |
| Recurring financial charges | 65 | €678 | €2,529 | +€1,851 | +272.8% |
| Profit (loss) for the period before taxes | 9903 | €1,261 | €5,653 | +€4,391 | +348.2% |
| Profit (loss) for the period | 9904 | €1,261 | €5,653 | +€4,391 | +348.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,261 | €5,653 | +€4,391 | +348.2% |
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 9 October 2026 via checked.be.