ALEXO: what changed
Two fiscal 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.
ALEXO
Largest movements
- Receivables within one year -€232,572
down €232,572 (-51.8%), from €449,116 to €216,545
of which Other amounts receivable: -€235,698
- Stocks and contracts +€110,223
new in 2025: €110,223
- Cash +€96,255
up €96,255 (+52.9%), from €181,847 to €278,102
mainly Receivables within one year (+€232,572) and Current investments (+€61,755)
- Current investments -€61,755
down €61,755 (-12.2%), from €506,000 to €444,245
- Tangible fixed assets -€20,793
down €20,793 (-12.4%), from €167,532 to €146,739
of which Land and buildings: -€20,482
- Tax, wage and social debts -€72,526
down €72,526 (-70.7%), from €102,564 to €30,037
- Accrued charges and deferred income -€20,684
down €20,684 (-69.1%), from €29,936 to €9,251
- Other operating charges +€309,049
up €309,049 (+5635.1%), from €5,484 to €314,533
- Taxes -€127,916
down €127,916 (-86.0%), from €148,786 to €20,870
- Gross operating margin -€117,460
down €117,460 (-23.1%), from €508,410 to €390,950
- Financial income +€11,180
up €11,180 (+100.2%), from €11,157 to €22,337
- Financial charges -€10,147
down €10,147 (-45.2%), from €22,458 to €12,311
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 | €1,566,545 | €1,449,488 | -€117,058 | -7.5% |
| Fixed assets | 21/28 | €417,582 | €396,789 | -€20,793 | -5.0% |
| Tangible fixed assets | 22/27 | €167,532 | €146,739 | -€20,793 | -12.4% |
| Land and buildings | 22 | €143,263 | €122,781 | -€20,482 | -14.3% |
| Furniture and vehicles | 24 | €311 | €0 | -€311 | -100.0% |
| Other tangible fixed assets | 26 | €23,958 | €23,958 | = | 0.0% |
| Financial fixed assets | 28 | €250,050 | €250,050 | = | 0.0% |
| Current assets | 29/58 | €1,148,963 | €1,052,698 | -€96,265 | -8.4% |
| Stocks and contracts in progress | 3 | - | €110,223 | +€110,223 | |
| Stocks | 30/36 | - | €110,223 | +€110,223 | |
| Amounts receivable within one year | 40/41 | €449,116 | €216,545 | -€232,572 | -51.8% |
| Trade receivables | 40 | €49,116 | €52,243 | +€3,127 | +6.4% |
| Other amounts receivable | 41 | €400,000 | €164,302 | -€235,698 | -58.9% |
| Current investments | 50/53 | €506,000 | €444,245 | -€61,755 | -12.2% |
| Cash at bank and in hand | 54/58 | €181,847 | €278,102 | +€96,255 | +52.9% |
| Deferred charges and accrued income | 490/1 | €12,000 | €3,585 | -€8,415 | -70.1% |
| Total equity and liabilities | 10/49 | €1,566,545 | €1,449,488 | -€117,058 | -7.5% |
| Equity | 10/15 | €1,221,248 | €1,210,028 | -€11,220 | -0.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,201,248 | €1,190,028 | -€11,220 | -0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,201,248 | €1,190,028 | -€11,220 | -0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €345,297 | €239,460 | -€105,837 | -30.7% |
| Amounts payable within one year | 42/48 | €315,361 | €230,208 | -€85,153 | -27.0% |
| Trade debts | 44 | €2,493 | €3,138 | +€645 | +25.9% |
| Suppliers | 440/4 | €2,493 | €3,138 | +€645 | +25.9% |
| Taxes, remuneration and social security | 45 | €102,564 | €30,037 | -€72,526 | -70.7% |
| Taxes | 450/3 | €102,564 | €30,037 | -€72,526 | -70.7% |
| Other amounts payable | 47/48 | €210,305 | €197,033 | -€13,272 | -6.3% |
| Accrued charges and deferred income | 492/3 | €29,936 | €9,251 | -€20,684 | -69.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,150 | €20,793 | -€357 | -1.7% |
| Other operating charges | 640/8 | €5,484 | €314,533 | +€309,049 | +5635.1% |
| Gross operating margin | 9900 | €508,410 | €390,950 | -€117,460 | -23.1% |
| Operating profit (loss) | 9901 | €481,775 | €55,624 | -€426,151 | -88.5% |
| Financial income | 75/76B | €11,157 | €22,337 | +€11,180 | +100.2% |
| Recurring financial income | 75 | €11,157 | €22,337 | +€11,180 | +100.2% |
| Financial charges | 65/66B | €22,458 | €12,311 | -€10,147 | -45.2% |
| Recurring financial charges | 65 | €22,458 | €12,311 | -€10,147 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €470,474 | €65,650 | -€404,824 | -86.0% |
| Income taxes | 67/77 | €148,786 | €20,870 | -€127,916 | -86.0% |
| Profit (loss) for the period | 9904 | €321,688 | €44,780 | -€276,908 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €321,688 | €44,780 | -€276,908 | -86.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.