Alix Aspeslagh: what changed
Alix Aspeslagh
Largest movements
- Receivables within one year +€20,700
up €20,700 (+15.1%), from €137,415 to €158,115
of which Trade receivables: +€13,078
- Cash +€3,892
up €3,892 (+19.5%), from €19,962 to €23,853
mainly Other debts (+€82,698) and Net result for the year (+€50,077)
- Tangible fixed assets -€3,547
down €3,547 (-41.0%), from €8,654 to €5,107
of which Furniture and vehicles: -€3,234
- Other debts +€82,698
up €82,698 (+284,284%), from €29 to €82,727
- Reserves -€64,923
down €64,923 (-52.4%), from €123,793 to €58,870
- Trade debts +€10,010
up €10,010 (+628%), from €1,593 to €11,603
- Current portion of long-term debt -€6,482
down €6,482 (-100%), from €6,482 to €0
- Gross operating margin +€32,693
up €32,693 (+82.2%), from €39,788 to €72,482
- Taxes +€6,392
up €6,392 (+73.5%), from €8,702 to €15,094
- Depreciation -€1,437
down €1,437 (-16.3%), from €8,838 to €7,401
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,529 | €190,873 | +€22,343 | +13.3% |
| Fixed assets | 21/28 | €8,654 | €5,107 | -€3,547 | -41.0% |
| Tangible fixed assets | 22/27 | €8,654 | €5,107 | -€3,547 | -41.0% |
| Plant, machinery and equipment | 23 | €2,149 | €1,837 | -€313 | -14.5% |
| Furniture and vehicles | 24 | €6,505 | €3,270 | -€3,234 | -49.7% |
| Current assets | 29/58 | €159,875 | €185,765 | +€25,890 | +16.2% |
| Amounts receivable within one year | 40/41 | €137,415 | €158,115 | +€20,700 | +15.1% |
| Trade receivables | 40 | €12,402 | €25,480 | +€13,078 | +105% |
| Other amounts receivable | 41 | €125,013 | €132,635 | +€7,622 | +6.1% |
| Cash at bank and in hand | 54/58 | €19,962 | €23,853 | +€3,892 | +19.5% |
| Deferred charges and accrued income | 490/1 | €2,498 | €3,798 | +€1,299 | +52.0% |
| Total equity and liabilities | 10/49 | €168,529 | €190,873 | +€22,343 | +13.3% |
| Equity | 10/15 | €126,793 | €61,870 | -€64,923 | -51.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €123,793 | €58,870 | -€64,923 | -52.4% |
| Distributable reserves | 133 | €123,793 | €58,870 | -€64,923 | -52.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,736 | €129,002 | +€87,267 | +209% |
| Amounts payable within one year | 42/48 | €41,736 | €129,002 | +€87,267 | +209% |
| Current portion of amounts payable after more than one year | 42 | €6,482 | €0 | -€6,482 | -100% |
| Financial debts | 43 | - | €574 | +€574 | |
| Credit institutions | 430/8 | - | €574 | +€574 | |
| Trade debts | 44 | €1,593 | €11,603 | +€10,010 | +628% |
| Suppliers | 440/4 | €1,593 | €11,603 | +€10,010 | +628% |
| Taxes, remuneration and social security | 45 | €33,632 | €34,099 | +€467 | +1.4% |
| Taxes | 450/3 | €33,632 | €34,099 | +€467 | +1.4% |
| Other amounts payable | 47/48 | €29 | €82,727 | +€82,698 | +284,284% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,838 | €7,401 | -€1,437 | -16.3% |
| Other operating charges | 640/8 | €867 | €885 | +€19 | +2.1% |
| Gross operating margin | 9900 | €39,788 | €72,482 | +€32,693 | +82.2% |
| Operating profit (loss) | 9901 | €30,084 | €64,196 | +€34,112 | +113% |
| Financial income | 75/76B | €964 | €1,273 | +€309 | +32.0% |
| Recurring financial income | 75 | €964 | €1,273 | +€309 | +32.0% |
| Financial charges | 65/66B | €510 | €298 | -€212 | -41.5% |
| Recurring financial charges | 65 | €510 | €298 | -€212 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €30,538 | €65,170 | +€34,632 | +113% |
| Income taxes | 67/77 | €8,702 | €15,094 | +€6,392 | +73.5% |
| Profit (loss) for the period | 9904 | €21,836 | €50,077 | +€28,241 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €21,836 | €50,077 | +€28,241 | +129% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.