Alexim: 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.
Alexim
Largest movements
- Cash -€116,236
down €116,236 (-96.3%), from €120,748 to €4,512
- Tangible fixed assets -€108,722
down €108,722 (-14.6%), from €745,512 to €636,790
of which Land and buildings: -€91,158
- Deferred charges and accrued income +€47,645
up €47,645 (+112%), from €42,355 to €90,000
- Debts after one year -€214,591
down €214,591 (-31.7%), from €676,050 to €461,459
- Other debts +€57,674
up €57,674 (+231%), from €25,000 to €82,674
- Provisions -€52,819
down €52,819 (-52.7%), from €100,177 to €47,358
- Reserves -€30,709
down €30,709 (-47.3%), from €64,905 to €34,196
of which Tax-exempt reserves: -€30,709
- Current portion of long-term debt +€30,292
up €30,292 (+314%), from €9,649 to €39,941
- Gross operating margin -€27,966
down €27,966 (-43.5%), from €64,330 to €36,364
- Depreciation -€18,551
down €18,551 (-33.2%), from €55,835 to €37,284
- Other operating charges +€1,451
up €1,451 (+18.1%), from €8,005 to €9,456
- Financial charges +€1,434
up €1,434 (+15.8%), from €9,063 to €10,497
- Write-downs +€1,275
new in 2024: €1,275
From the 2021 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €962,613 | €790,530 | -€172,083 | -17.9% |
| Fixed assets | 21/28 | €748,953 | €640,344 | -€108,609 | -14.5% |
| Tangible fixed assets | 22/27 | €745,512 | €636,790 | -€108,722 | -14.6% |
| Land and buildings | 22 | €727,948 | €636,790 | -€91,158 | -12.5% |
| Furniture and vehicles | 24 | €17,564 | - | -€17,564 | |
| Financial fixed assets | 28 | €3,441 | €3,554 | +€113 | +3.3% |
| Current assets | 29/58 | €213,660 | €150,186 | -€63,474 | -29.7% |
| Amounts receivable within one year | 40/41 | €50,557 | €55,674 | +€5,117 | +10.1% |
| Trade receivables | 40 | €43,775 | €48,375 | +€4,600 | +10.5% |
| Other amounts receivable | 41 | €6,782 | €7,299 | +€517 | +7.6% |
| Cash at bank and in hand | 54/58 | €120,748 | €4,512 | -€116,236 | -96.3% |
| Deferred charges and accrued income | 490/1 | €42,355 | €90,000 | +€47,645 | +112% |
| Total equity and liabilities | 10/49 | €962,613 | €790,530 | -€172,083 | -17.9% |
| Equity | 10/15 | €103,552 | €97,778 | -€5,774 | -5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €64,905 | €34,196 | -€30,709 | -47.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,705 | €27,996 | -€30,709 | -52.3% |
| Profit (loss) carried forward | 14 | -€23,353 | €1,582 | +€24,935 | |
| Provisions and deferred taxes | 16 | €100,177 | €47,358 | -€52,819 | -52.7% |
| Deferred taxes | 168 | €100,177 | €47,358 | -€52,819 | -52.7% |
| Amounts payable | 17/49 | €758,884 | €645,394 | -€113,490 | -15.0% |
| Amounts payable after more than one year | 17 | €676,050 | €461,459 | -€214,591 | -31.7% |
| Financial debts | 170/4 | €676,050 | €461,459 | -€214,591 | -31.7% |
| Amounts payable within one year | 42/48 | €82,209 | €180,610 | +€98,401 | +120% |
| Current portion of amounts payable after more than one year | 42 | €9,649 | €39,941 | +€30,292 | +314% |
| Trade debts | 44 | €47,560 | €57,867 | +€10,307 | +21.7% |
| Suppliers | 440/4 | €47,560 | €57,867 | +€10,307 | +21.7% |
| Taxes, remuneration and social security | 45 | - | €128 | +€128 | |
| Taxes | 450/3 | - | €128 | +€128 | |
| Other amounts payable | 47/48 | €25,000 | €82,674 | +€57,674 | +231% |
| Accrued charges and deferred income | 492/3 | €625 | €3,325 | +€2,700 | +432% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,835 | €37,284 | -€18,551 | -33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,275 | +€1,275 | |
| Other operating charges | 640/8 | €8,005 | €9,456 | +€1,451 | +18.1% |
| Non-recurring operating charges | 66A | €145 | - | -€145 | |
| Gross operating margin | 9900 | €64,330 | €36,364 | -€27,966 | -43.5% |
| Operating profit (loss) | 9901 | €345 | -€11,651 | -€11,996 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €9,063 | €10,497 | +€1,434 | +15.8% |
| Recurring financial charges | 65 | €9,063 | €10,497 | +€1,434 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,718 | -€22,139 | -€13,421 | -154% |
| Transfer from deferred taxes | 780 | €6,340 | - | -€6,340 | |
| Income taxes | 67/77 | - | €128 | +€128 | |
| Profit (loss) for the period | 9904 | -€2,378 | -€22,267 | -€19,889 | -836% |
| Transfer from tax-exempt reserves | 789 | €25,360 | €26,467 | +€1,107 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,982 | €4,200 | -€18,782 | -81.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.