ALEXMANU: 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.
ALEXMANU
Largest movements
- Receivables within one year +€25,654
up €25,654 (+104%), from €24,712 to €50,366
of which Other amounts receivable: +€13,071
- Cash -€19,180
down €19,180 (-21.7%), from €88,426 to €69,246
mainly Receivables within one year (-€25,654) and Net result for the year (-€24,185)
- Stocks and contracts -€7,911
down €7,911 (-79.1%), from €10,000 to €2,089
- Tangible fixed assets -€5,129
down €5,129 (-37.6%), from €13,646 to €8,517
of which Furniture and vehicles: -€3,319
- Profit (loss) carried forward -€24,185
down €24,185 (-50.8%), from €47,612 to €23,427
- Advances received +€23,157
up €23,157 (+257%), from €9,008 to €32,165
- Tax, wage and social debts -€2,661
down €2,661 (-9.2%), from €29,031 to €26,370
of which Taxes: -€7,565
- Trade debts -€2,575
down €2,575 (-14.7%), from €17,534 to €14,959
- Gross operating margin -€87,332
down €87,332, from €78,032 to -€9,299
- Other operating charges -€27,920
down €27,920 (-92.8%), from €30,091 to €2,171
- Taxes -€13,323
down €13,323 (-96.1%), from €13,861 to €538
- Staff costs +€5,364
new in 2025: €5,364
- Financial charges +€1,953
up €1,953 (+756%), from €258 to €2,212
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 | €140,395 | €134,130 | -€6,265 | -4.5% |
| Fixed assets | 21/28 | €13,646 | €8,727 | -€4,919 | -36.0% |
| Tangible fixed assets | 22/27 | €13,646 | €8,517 | -€5,129 | -37.6% |
| Plant, machinery and equipment | 23 | €6,485 | €4,675 | -€1,811 | -27.9% |
| Furniture and vehicles | 24 | €7,161 | €3,842 | -€3,319 | -46.3% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €126,748 | €125,403 | -€1,345 | -1.1% |
| Stocks and contracts in progress | 3 | €10,000 | €2,089 | -€7,911 | -79.1% |
| Stocks | 30/36 | €10,000 | €2,089 | -€7,911 | -79.1% |
| Amounts receivable within one year | 40/41 | €24,712 | €50,366 | +€25,654 | +104% |
| Trade receivables | 40 | €22,021 | €34,604 | +€12,583 | +57.1% |
| Other amounts receivable | 41 | €2,691 | €15,763 | +€13,071 | +486% |
| Cash at bank and in hand | 54/58 | €88,426 | €69,246 | -€19,180 | -21.7% |
| Deferred charges and accrued income | 490/1 | €3,611 | €3,702 | +€92 | +2.5% |
| Total equity and liabilities | 10/49 | €140,395 | €134,130 | -€6,265 | -4.5% |
| Equity | 10/15 | €84,821 | €60,636 | -€24,185 | -28.5% |
| Contributions | 10/11 | €6,334 | €6,334 | = | 0.0% |
| Reserves | 13 | €30,875 | €30,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €28,975 | €28,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,612 | €23,427 | -€24,185 | -50.8% |
| Amounts payable | 17/49 | €55,573 | €73,494 | +€17,921 | +32.2% |
| Amounts payable within one year | 42/48 | €55,573 | €73,494 | +€17,921 | +32.2% |
| Trade debts | 44 | €17,534 | €14,959 | -€2,575 | -14.7% |
| Suppliers | 440/4 | €17,534 | €14,959 | -€2,575 | -14.7% |
| Advances received on contracts in progress | 46 | €9,008 | €32,165 | +€23,157 | +257% |
| Taxes, remuneration and social security | 45 | €29,031 | €26,370 | -€2,661 | -9.2% |
| Taxes | 450/3 | €29,031 | €21,466 | -€7,565 | -26.1% |
| Remuneration and social security | 454/9 | - | €4,904 | +€4,904 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €5,364 | +€5,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,866 | €5,129 | +€264 | +5.4% |
| Other operating charges | 640/8 | €30,091 | €2,171 | -€27,920 | -92.8% |
| Gross operating margin | 9900 | €78,032 | -€9,299 | -€87,332 | |
| Operating profit (loss) | 9901 | €43,076 | -€21,964 | -€65,040 | |
| Financial income | 75/76B | €18 | €528 | +€510 | +2,788% |
| Recurring financial income | 75 | €18 | €528 | +€510 | +2,788% |
| Financial charges | 65/66B | €258 | €2,212 | +€1,953 | +756% |
| Recurring financial charges | 65 | €258 | €2,212 | +€1,953 | +756% |
| Profit (loss) for the period before taxes | 9903 | €42,836 | -€23,648 | -€66,483 | |
| Income taxes | 67/77 | €13,861 | €538 | -€13,323 | -96.1% |
| Profit (loss) for the period | 9904 | €28,975 | -€24,185 | -€53,160 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,975 | -€24,185 | -€53,160 |
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 18 October 2026 via checked.be.