ALEXINE: 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.
ALEXINE
Largest movements
- Cash +€22,310
up €22,310 (+49.5%), from €45,031 to €67,341
mainly Depreciation (+€29,309) and Net result for the year (+€15,772)
- Reserves +€15,772
up €15,772 (+189%), from €8,333 to €24,105
- Other debts +€9,228
up €9,228 (+24.8%), from €37,232 to €46,460
- Trade debts +€5,428
up €5,428 (+49.1%), from €11,058 to €16,486
- Tax, wage and social debts -€5,262
down €5,262 (-24.4%), from €21,577 to €16,314
of which Remuneration and social security: -€4,784
- Debts after one year -€2,688
down €2,688 (-18.6%), from €14,476 to €11,788
- Taxes -€16,352
down €16,352 (-62.3%), from €26,257 to €9,905
- Gross operating margin -€6,766
down €6,766 (-9.6%), from €70,346 to €63,580
- Depreciation +€1,810
up €1,810 (+6.6%), from €27,499 to €29,309
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 | €207,625 | €227,825 | +€20,200 | +9.7% |
| Fixed assets | 21/28 | €143,059 | €141,143 | -€1,916 | -1.3% |
| Tangible fixed assets | 22/27 | €143,009 | €141,093 | -€1,916 | -1.3% |
| Plant, machinery and equipment | 23 | €895 | €6,648 | +€5,752 | +643% |
| Furniture and vehicles | 24 | €9,407 | €9,090 | -€317 | -3.4% |
| Leasing and similar rights | 25 | €66,376 | €53,976 | -€12,401 | -18.7% |
| Other tangible fixed assets | 26 | €66,330 | €71,380 | +€5,050 | +7.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €64,566 | €86,682 | +€22,115 | +34.3% |
| Amounts receivable within one year | 40/41 | €13,159 | €12,228 | -€931 | -7.1% |
| Trade receivables | 40 | €13,023 | €12,169 | -€854 | -6.6% |
| Other amounts receivable | 41 | €136 | €59 | -€77 | -56.7% |
| Cash at bank and in hand | 54/58 | €45,031 | €67,341 | +€22,310 | +49.5% |
| Deferred charges and accrued income | 490/1 | €6,377 | €7,113 | +€737 | +11.6% |
| Total equity and liabilities | 10/49 | €207,625 | €227,825 | +€20,200 | +9.7% |
| Equity | 10/15 | €118,315 | €134,087 | +€15,772 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,333 | €24,105 | +€15,772 | +189% |
| Distributable reserves | 133 | €8,333 | €24,105 | +€15,772 | +189% |
| Profit (loss) carried forward | 14 | €91,383 | €91,383 | = | 0.0% |
| Amounts payable | 17/49 | €89,310 | €93,737 | +€4,428 | +5.0% |
| Amounts payable after more than one year | 17 | €14,476 | €11,788 | -€2,688 | -18.6% |
| Financial debts | 170/4 | €14,476 | €11,788 | -€2,688 | -18.6% |
| Amounts payable within one year | 42/48 | €74,833 | €81,949 | +€7,116 | +9.5% |
| Financial debts | 43 | €4,966 | €2,688 | -€2,278 | -45.9% |
| Credit institutions | 430/8 | €4,966 | €2,688 | -€2,278 | -45.9% |
| Trade debts | 44 | €11,058 | €16,486 | +€5,428 | +49.1% |
| Suppliers | 440/4 | €11,058 | €16,486 | +€5,428 | +49.1% |
| Taxes, remuneration and social security | 45 | €21,577 | €16,314 | -€5,262 | -24.4% |
| Taxes | 450/3 | €14,291 | €13,813 | -€478 | -3.3% |
| Remuneration and social security | 454/9 | €7,285 | €2,501 | -€4,784 | -65.7% |
| Other amounts payable | 47/48 | €37,232 | €46,460 | +€9,228 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,499 | €29,309 | +€1,810 | +6.6% |
| Other operating charges | 640/8 | €6,839 | €7,235 | +€396 | +5.8% |
| Gross operating margin | 9900 | €70,346 | €63,580 | -€6,766 | -9.6% |
| Operating profit (loss) | 9901 | €36,008 | €27,036 | -€8,972 | -24.9% |
| Financial income | 75/76B | €7 | €22 | +€15 | +205% |
| Recurring financial income | 75 | €7 | €22 | +€15 | +205% |
| Financial charges | 65/66B | €1,426 | €1,381 | -€45 | -3.2% |
| Recurring financial charges | 65 | €1,426 | €1,381 | -€45 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €34,589 | €25,677 | -€8,913 | -25.8% |
| Income taxes | 67/77 | €26,257 | €9,905 | -€16,352 | -62.3% |
| Profit (loss) for the period | 9904 | €8,333 | €15,772 | +€7,439 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,333 | €15,772 | +€7,439 | +89.3% |
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 22 October 2026 via checked.be.