ALEXI: 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.
ALEXI
Largest movements
- Tangible fixed assets -€34,524
down €34,524 (-20.0%), from €172,998 to €138,474
of which Leasing and similar rights: -€34,400
- Receivables within one year +€9,933
up €9,933 (+803%), from €1,236 to €11,170
of which Trade receivables: +€9,148
- Debts after one year -€27,183
down €27,183 (-20.9%), from €129,862 to €102,679
- Short-term financial debts +€7,363
new in 2025: €7,363
- Profit (loss) carried forward -€3,555
down €3,555 (-48.6%), from €7,316 to €3,761
- Trade debts -€3,080
down €3,080 (-69.4%), from €4,438 to €1,358
- Current portion of long-term debt +€2,245
up €2,245 (+9.0%), from €24,938 to €27,183
- Gross operating margin +€36,970
up €36,970 (+414%), from €8,925 to €45,895
- Depreciation +€32,405
up €32,405 (+1,101%), from €2,944 to €35,350
- Financial charges +€10,687
up €10,687 (+366%), from €2,924 to €13,611
- Other operating charges -€611
down €611 (-49.1%), from €1,245 to €634
- Taxes -€588
no longer reported in 2025 (was €588)
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 | €177,702 | €152,307 | -€25,395 | -14.3% |
| Fixed assets | 21/28 | €173,133 | €138,744 | -€34,389 | -19.9% |
| Tangible fixed assets | 22/27 | €172,998 | €138,474 | -€34,524 | -20.0% |
| Furniture and vehicles | 24 | €3,260 | €3,136 | -€124 | -3.8% |
| Leasing and similar rights | 25 | €169,738 | €135,338 | -€34,400 | -20.3% |
| Financial fixed assets | 28 | €135 | €270 | +€135 | +100% |
| Current assets | 29/58 | €4,568 | €13,562 | +€8,994 | +197% |
| Amounts receivable within one year | 40/41 | €1,236 | €11,170 | +€9,933 | +803% |
| Trade receivables | 40 | - | €9,148 | +€9,148 | |
| Other amounts receivable | 41 | €1,236 | €2,022 | +€786 | +63.6% |
| Cash at bank and in hand | 54/58 | €1,670 | - | -€1,670 | |
| Deferred charges and accrued income | 490/1 | €1,661 | €2,393 | +€731 | +44.0% |
| Total equity and liabilities | 10/49 | €177,702 | €152,307 | -€25,395 | -14.3% |
| Equity | 10/15 | €15,376 | €11,821 | -€3,555 | -23.1% |
| Reserves | 13 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,316 | €3,761 | -€3,555 | -48.6% |
| Amounts payable | 17/49 | €162,326 | €140,486 | -€21,840 | -13.5% |
| Amounts payable after more than one year | 17 | €129,862 | €102,679 | -€27,183 | -20.9% |
| Financial debts | 170/4 | €129,862 | €102,679 | -€27,183 | -20.9% |
| Amounts payable within one year | 42/48 | €32,464 | €37,806 | +€5,342 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €24,938 | €27,183 | +€2,245 | +9.0% |
| Financial debts | 43 | - | €7,363 | +€7,363 | |
| Credit institutions | 430/8 | - | €7,363 | +€7,363 | |
| Trade debts | 44 | €4,438 | €1,358 | -€3,080 | -69.4% |
| Suppliers | 440/4 | €4,438 | €1,358 | -€3,080 | -69.4% |
| Taxes, remuneration and social security | 45 | €3,088 | €1,902 | -€1,185 | -38.4% |
| Taxes | 450/3 | €3,088 | €1,902 | -€1,185 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,944 | €35,350 | +€32,405 | +1,101% |
| Other operating charges | 640/8 | €1,245 | €634 | -€611 | -49.1% |
| Gross operating margin | 9900 | €8,925 | €45,895 | +€36,970 | +414% |
| Operating profit (loss) | 9901 | €4,735 | €9,911 | +€5,175 | +109% |
| Financial income | 75/76B | €0 | €146 | +€146 | +145,840% |
| Recurring financial income | 75 | €0 | €146 | +€146 | +145,840% |
| Financial charges | 65/66B | €2,924 | €13,611 | +€10,687 | +366% |
| Recurring financial charges | 65 | €2,924 | €13,611 | +€10,687 | +366% |
| Profit (loss) for the period before taxes | 9903 | €1,812 | -€3,555 | -€5,367 | |
| Income taxes | 67/77 | €588 | - | -€588 | |
| Profit (loss) for the period | 9904 | €1,224 | -€3,555 | -€4,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,224 | -€3,555 | -€4,779 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.