ALEXEM: 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.
ALEXEM
Largest movements
- Tangible fixed assets -€5,907
down €5,907 (-64.6%), from €9,147 to €3,240
- Intangible fixed assets -€5,837
down €5,837 (-30.5%), from €19,132 to €13,295
- Receivables within one year +€1,092
up €1,092 (+3.6%), from €30,705 to €31,797
of which Other amounts receivable: +€595
- Profit (loss) carried forward -€19,019
down €19,019 (-16.4%), from -€115,813 to -€134,832
- Other debts +€5,284
up €5,284 (+2.8%), from €191,366 to €196,650
- Trade debts +€2,457
up €2,457 (+33.7%), from €7,289 to €9,746
- Gross operating margin -€6,336
down €6,336 (-1624.8%), from -€390 to -€6,726
- Depreciation -€1,346
down €1,346 (-10.3%), from €13,090 to €11,743
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 | €103,302 | €92,023 | -€11,278 | -10.9% |
| Fixed assets | 21/28 | €28,328 | €16,585 | -€11,743 | -41.5% |
| Intangible fixed assets | 21 | €19,132 | €13,295 | -€5,837 | -30.5% |
| Tangible fixed assets | 22/27 | €9,147 | €3,240 | -€5,907 | -64.6% |
| Plant, machinery and equipment | 23 | €9,147 | €3,240 | -€5,907 | -64.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €74,973 | €75,438 | +€465 | +0.6% |
| Stocks and contracts in progress | 3 | €42,903 | €42,876 | -€27 | -0.1% |
| Stocks | 30/36 | €42,903 | €42,876 | -€27 | -0.1% |
| Amounts receivable within one year | 40/41 | €30,705 | €31,797 | +€1,092 | +3.6% |
| Trade receivables | 40 | €27,409 | €27,906 | +€497 | +1.8% |
| Other amounts receivable | 41 | €3,296 | €3,892 | +€595 | +18.1% |
| Cash at bank and in hand | 54/58 | €1,365 | €765 | -€600 | -43.9% |
| Total equity and liabilities | 10/49 | €103,302 | €92,023 | -€11,278 | -10.9% |
| Equity | 10/15 | -€95,354 | -€114,373 | -€19,019 | -19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 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% |
| Profit (loss) carried forward | 14 | -€115,813 | -€134,832 | -€19,019 | -16.4% |
| Amounts payable | 17/49 | €198,655 | €206,396 | +€7,741 | +3.9% |
| Amounts payable within one year | 42/48 | €198,655 | €206,396 | +€7,741 | +3.9% |
| Trade debts | 44 | €7,289 | €9,746 | +€2,457 | +33.7% |
| Suppliers | 440/4 | €7,289 | €9,746 | +€2,457 | +33.7% |
| Other amounts payable | 47/48 | €191,366 | €196,650 | +€5,284 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,090 | €11,743 | -€1,346 | -10.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€390 | -€6,726 | -€6,336 | -1624.8% |
| Operating profit (loss) | 9901 | -€13,867 | -€18,869 | -€5,002 | -36.1% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.8% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.8% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,998 | -€19,019 | -€5,021 | -35.9% |
| Profit (loss) for the period | 9904 | -€13,998 | -€19,019 | -€5,021 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,998 | -€19,019 | -€5,021 | -35.9% |
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.