ALEXMAT: 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.
ALEXMAT
Largest movements
- Tangible fixed assets -€8,691
down €8,691 (-19.7%), from €44,224 to €35,533
of which Furniture and vehicles: -€13,759
- Receivables within one year +€7,323
up €7,323 (+26.3%), from €27,817 to €35,140
of which Other amounts receivable: +€24,377
- Cash +€5,243
up €5,243 (+98.8%), from €5,307 to €10,550
mainly Other debts (+€35,000) and Depreciation (+€17,996)
- Deferred charges and accrued income -€1,780
down €1,780 (-42.7%), from €4,168 to €2,388
- Reserves -€40,275
down €40,275 (-65.8%), from €61,197 to €20,922
- Other debts +€35,000
new in 2025: €35,000
- Trade debts +€4,623
new in 2025: €4,623
- Tax, wage and social debts +€2,253
up €2,253 (+96.4%), from €2,337 to €4,590
of which Remuneration and social security: +€2,500
- Gross operating margin -€13,040
down €13,040 (-49.1%), from €26,536 to €13,497
- Depreciation -€3,588
down €3,588 (-16.6%), from €21,584 to €17,996
- Taxes -€1,544
no longer reported in 2025 (was €1,544)
- Financial income +€700
up €700 (+508%), from €138 to €838
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 | €82,126 | €83,727 | +€1,601 | +1.9% |
| Fixed assets | 21/28 | €44,322 | €35,631 | -€8,691 | -19.6% |
| Tangible fixed assets | 22/27 | €44,224 | €35,533 | -€8,691 | -19.7% |
| Plant, machinery and equipment | 23 | €5,182 | €10,249 | +€5,067 | +97.8% |
| Furniture and vehicles | 24 | €39,043 | €25,284 | -€13,759 | -35.2% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €37,804 | €48,096 | +€10,292 | +27.2% |
| Amounts receivable within one year | 40/41 | €27,817 | €35,140 | +€7,323 | +26.3% |
| Trade receivables | 40 | €21,854 | €4,800 | -€17,055 | -78.0% |
| Other amounts receivable | 41 | €5,962 | €30,340 | +€24,377 | +409% |
| Current investments | 50/53 | €513 | €18 | -€494 | -96.4% |
| Cash at bank and in hand | 54/58 | €5,307 | €10,550 | +€5,243 | +98.8% |
| Deferred charges and accrued income | 490/1 | €4,168 | €2,388 | -€1,780 | -42.7% |
| Total equity and liabilities | 10/49 | €82,126 | €83,727 | +€1,601 | +1.9% |
| Equity | 10/15 | €79,789 | €39,514 | -€40,275 | -50.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,197 | €20,922 | -€40,275 | -65.8% |
| Distributable reserves | 133 | €61,197 | €20,922 | -€40,275 | -65.8% |
| Amounts payable | 17/49 | €2,337 | €44,213 | +€41,876 | +1,792% |
| Amounts payable within one year | 42/48 | €2,337 | €44,213 | +€41,876 | +1,792% |
| Trade debts | 44 | - | €4,623 | +€4,623 | |
| Suppliers | 440/4 | - | €4,623 | +€4,623 | |
| Taxes, remuneration and social security | 45 | €2,337 | €4,590 | +€2,253 | +96.4% |
| Taxes | 450/3 | €2,337 | €2,090 | -€247 | -10.6% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,584 | €17,996 | -€3,588 | -16.6% |
| Other operating charges | 640/8 | €1,176 | €1,354 | +€178 | +15.2% |
| Gross operating margin | 9900 | €26,536 | €13,497 | -€13,040 | -49.1% |
| Operating profit (loss) | 9901 | €3,777 | -€5,853 | -€9,630 | |
| Financial income | 75/76B | €138 | €838 | +€700 | +508% |
| Recurring financial income | 75 | €138 | €838 | +€700 | +508% |
| Financial charges | 65/66B | €265 | €260 | -€5 | -1.8% |
| Recurring financial charges | 65 | €265 | €260 | -€5 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €3,650 | -€5,275 | -€8,925 | |
| Income taxes | 67/77 | €1,544 | - | -€1,544 | |
| Profit (loss) for the period | 9904 | €2,105 | -€5,275 | -€7,380 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,105 | -€5,275 | -€7,380 |
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 14 October 2026 via checked.be.