Alexis KLEINEN: 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.
Alexis KLEINEN
Largest movements
- Cash +€90,803
up €90,803 (+99.4%), from €91,390 to €182,193
mainly Net result for the year (+€65,112) and Receivables within one year (+€20,482)
- Receivables within one year -€20,482
down €20,482 (-96.5%), from €21,225 to €743
of which Other amounts receivable: -€18,653
- Tangible fixed assets -€6,615
down €6,615 (-25.3%), from €26,132 to €19,517
- Deferred charges and accrued income +€2,744
up €2,744 (+10354.4%), from €27 to €2,770
- Profit (loss) carried forward +€64,279
up €64,279 (+60.4%), from €106,371 to €170,649
- Other debts +€2,121
up €2,121 (+247.0%), from €859 to €2,980
- Gross operating margin -€11,357
down €11,357 (-11.0%), from €103,144 to €91,787
- Financial income +€1,733
up €1,733 (+2169.5%), from €80 to €1,813
- Other operating charges -€1,485
down €1,485 (-38.0%), from €3,913 to €2,427
- Taxes -€1,110
down €1,110 (-5.4%), from €20,497 to €19,387
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 | €138,774 | €205,224 | +€66,450 | +47.9% |
| Fixed assets | 21/28 | €26,132 | €19,517 | -€6,615 | -25.3% |
| Tangible fixed assets | 22/27 | €26,132 | €19,517 | -€6,615 | -25.3% |
| Furniture and vehicles | 24 | €26,132 | €19,517 | -€6,615 | -25.3% |
| Current assets | 29/58 | €112,642 | €185,707 | +€73,064 | +64.9% |
| Amounts receivable within one year | 40/41 | €21,225 | €743 | -€20,482 | -96.5% |
| Trade receivables | 40 | €2,572 | €743 | -€1,830 | -71.1% |
| Other amounts receivable | 41 | €18,653 | - | -€18,653 | |
| Cash at bank and in hand | 54/58 | €91,390 | €182,193 | +€90,803 | +99.4% |
| Deferred charges and accrued income | 490/1 | €27 | €2,770 | +€2,744 | +10354.4% |
| Total equity and liabilities | 10/49 | €138,774 | €205,224 | +€66,450 | +47.9% |
| Equity | 10/15 | €108,371 | €172,649 | +€64,279 | +59.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,371 | €170,649 | +€64,279 | +60.4% |
| Amounts payable | 17/49 | €30,403 | €32,574 | +€2,171 | +7.1% |
| Amounts payable within one year | 42/48 | €30,403 | €32,574 | +€2,171 | +7.1% |
| Trade debts | 44 | €1,375 | €3,179 | +€1,804 | +131.3% |
| Suppliers | 440/4 | €1,375 | €3,179 | +€1,804 | +131.3% |
| Taxes, remuneration and social security | 45 | €28,170 | €26,415 | -€1,755 | -6.2% |
| Taxes | 450/3 | €26,895 | €26,415 | -€480 | -1.8% |
| Remuneration and social security | 454/9 | €1,275 | - | -€1,275 | |
| Other amounts payable | 47/48 | €859 | €2,980 | +€2,121 | +247.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,748 | €6,615 | -€134 | -2.0% |
| Other operating charges | 640/8 | €3,913 | €2,427 | -€1,485 | -38.0% |
| Gross operating margin | 9900 | €103,144 | €91,787 | -€11,357 | -11.0% |
| Operating profit (loss) | 9901 | €92,483 | €82,745 | -€9,738 | -10.5% |
| Financial income | 75/76B | €80 | €1,813 | +€1,733 | +2169.5% |
| Recurring financial income | 75 | €80 | €1,813 | +€1,733 | +2169.5% |
| Financial charges | 65/66B | €19 | €59 | +€40 | +205.5% |
| Recurring financial charges | 65 | €19 | €59 | +€40 | +205.5% |
| Profit (loss) for the period before taxes | 9903 | €92,544 | €84,498 | -€8,045 | -8.7% |
| Income taxes | 67/77 | €20,497 | €19,387 | -€1,110 | -5.4% |
| Profit (loss) for the period | 9904 | €72,047 | €65,112 | -€6,935 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,047 | €65,112 | -€6,935 | -9.6% |
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.