ALEXU: 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.
ALEXU
Largest movements
- Receivables within one year +€25,297
up €25,297 (+123%), from €20,601 to €45,898
of which Other amounts receivable: +€30,765
- Cash -€2,346
down €2,346 (-10.4%), from €22,651 to €20,305
mainly Receivables within one year (-€25,297) and Investment in fixed assets (net) (-€4,032)
- Trade debts +€11,288
up €11,288 (+129%), from €8,779 to €20,068
- Other debts +€5,335
new in 2025: €5,335
- Profit (loss) carried forward +€5,183
up €5,183 (+14.9%), from €34,727 to €39,910
- Tax, wage and social debts +€1,520
up €1,520 (+35.0%), from €4,340 to €5,860
- Gross operating margin -€13,053
down €13,053 (-52.8%), from €24,717 to €11,664
- Purchases and services +€9,194
up €9,194 (+19.8%), from €46,371 to €55,565
- Turnover -€4,139
down €4,139 (-5.8%), from €71,088 to €66,949
- Taxes -€2,488
down €2,488 (-62.1%), from €4,008 to €1,520
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 | €49,603 | €71,926 | +€22,324 | +45.0% |
| Fixed assets | 21/28 | €6,351 | €5,723 | -€627 | -9.9% |
| Tangible fixed assets | 22/27 | €6,351 | €5,723 | -€627 | -9.9% |
| Furniture and vehicles | 24 | €3,053 | €4,669 | +€1,616 | +52.9% |
| Leasing and similar rights | 25 | €3,297 | €1,054 | -€2,243 | -68.0% |
| Current assets | 29/58 | €43,252 | €66,203 | +€22,951 | +53.1% |
| Amounts receivable within one year | 40/41 | €20,601 | €45,898 | +€25,297 | +123% |
| Trade receivables | 40 | €19,781 | €14,313 | -€5,468 | -27.6% |
| Other amounts receivable | 41 | €820 | €31,585 | +€30,765 | +3,751% |
| Cash at bank and in hand | 54/58 | €22,651 | €20,305 | -€2,346 | -10.4% |
| Total equity and liabilities | 10/49 | €49,603 | €71,926 | +€22,324 | +45.0% |
| Equity | 10/15 | €35,227 | €39,910 | +€4,683 | +13.3% |
| Contributions | 10/11 | €500 | - | -€500 | |
| Profit (loss) carried forward | 14 | €34,727 | €39,910 | +€5,183 | +14.9% |
| Amounts payable | 17/49 | €14,376 | €32,016 | +€17,641 | +123% |
| Amounts payable after more than one year | 17 | €1,257 | €754 | -€503 | -40.0% |
| Financial debts | 170/4 | €1,257 | €754 | -€503 | -40.0% |
| Amounts payable within one year | 42/48 | €13,119 | €31,262 | +€18,143 | +138% |
| Trade debts | 44 | €8,779 | €20,068 | +€11,288 | +129% |
| Suppliers | 440/4 | €8,779 | €20,068 | +€11,288 | +129% |
| Taxes, remuneration and social security | 45 | €4,340 | €5,860 | +€1,520 | +35.0% |
| Taxes | 450/3 | €4,340 | €5,860 | +€1,520 | +35.0% |
| Other amounts payable | 47/48 | - | €5,335 | +€5,335 | |
| Turnover | 70 | €71,088 | €66,949 | -€4,139 | -5.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,371 | €55,565 | +€9,194 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,169 | €4,659 | +€490 | +11.8% |
| Other operating charges | 640/8 | €343 | €290 | -€53 | -15.4% |
| Gross operating margin | 9900 | €24,717 | €11,664 | -€13,053 | -52.8% |
| Operating profit (loss) | 9901 | €20,205 | €6,715 | -€13,490 | -66.8% |
| Financial charges | 65/66B | €229 | €11 | -€218 | -95.0% |
| Recurring financial charges | 65 | €229 | €11 | -€218 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €19,976 | €6,703 | -€13,273 | -66.4% |
| Income taxes | 67/77 | €4,008 | €1,520 | -€2,488 | -62.1% |
| Profit (loss) for the period | 9904 | €15,968 | €5,183 | -€10,785 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,968 | €5,183 | -€10,785 | -67.5% |
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 27 October 2026 via checked.be.