Alix Degrez: 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.
Alix Degrez
Largest movements
- Cash +€12,552
up €12,552 (+51.9%), from €24,203 to €36,755
mainly Other debts (+€13,116) and Trade debts (+€5,630)
- Tangible fixed assets -€1,496
down €1,496 (-36.4%), from €4,115 to €2,619
of which Plant, machinery and equipment: -€996
- Receivables within one year +€1,242
up €1,242 (+30.7%), from €4,045 to €5,286
of which Other amounts receivable: +€5,286
- Profit (loss) carried forward -€13,853
down €13,853 (-74.3%), from €18,649 to €4,796
- Other debts +€13,116
up €13,116 (+696%), from €1,884 to €15,000
- Trade debts +€5,630
up €5,630 (+1,166%), from €483 to €6,112
- Tax, wage and social debts +€4,357
up €4,357 (+40.4%), from €10,795 to €15,152
of which Taxes: +€7,266
- Short-term financial debts +€3,121
new in 2025: €3,121
- Gross operating margin +€2,272
up €2,272 (+25.2%), from €9,009 to €11,281
- Other operating charges +€2,009
up €2,009 (+265%), from €758 to €2,767
- Taxes +€1,356
up €1,356 (+44.5%), from €3,051 to €4,407
- Depreciation -€613
down €613 (-20.7%), from €2,958 to €2,345
- Financial charges -€122
down €122 (-16.0%), from €763 to €641
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 | €33,811 | €46,182 | +€12,371 | +36.6% |
| Fixed assets | 21/28 | €4,115 | €2,619 | -€1,496 | -36.4% |
| Tangible fixed assets | 22/27 | €4,115 | €2,619 | -€1,496 | -36.4% |
| Plant, machinery and equipment | 23 | €1,052 | €56 | -€996 | -94.7% |
| Furniture and vehicles | 24 | €3,064 | €2,563 | -€501 | -16.3% |
| Current assets | 29/58 | €29,696 | €43,563 | +€13,867 | +46.7% |
| Amounts receivable within one year | 40/41 | €4,045 | €5,286 | +€1,242 | +30.7% |
| Trade receivables | 40 | €4,045 | €0 | -€4,045 | -100% |
| Other amounts receivable | 41 | - | €5,286 | +€5,286 | |
| Cash at bank and in hand | 54/58 | €24,203 | €36,755 | +€12,552 | +51.9% |
| Deferred charges and accrued income | 490/1 | €1,448 | €1,522 | +€74 | +5.1% |
| Total equity and liabilities | 10/49 | €33,811 | €46,182 | +€12,371 | +36.6% |
| Equity | 10/15 | €20,649 | €6,796 | -€13,853 | -67.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,649 | €4,796 | -€13,853 | -74.3% |
| Amounts payable | 17/49 | €13,162 | €39,386 | +€26,224 | +199% |
| Amounts payable within one year | 42/48 | €13,162 | €39,386 | +€26,224 | +199% |
| Financial debts | 43 | - | €3,121 | +€3,121 | |
| Credit institutions | 430/8 | - | €3,121 | +€3,121 | |
| Trade debts | 44 | €483 | €6,112 | +€5,630 | +1,166% |
| Suppliers | 440/4 | €483 | €6,112 | +€5,630 | +1,166% |
| Taxes, remuneration and social security | 45 | €10,795 | €15,152 | +€4,357 | +40.4% |
| Taxes | 450/3 | €7,887 | €15,152 | +€7,266 | +92.1% |
| Remuneration and social security | 454/9 | €2,909 | €0 | -€2,909 | -100% |
| Other amounts payable | 47/48 | €1,884 | €15,000 | +€13,116 | +696% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,958 | €2,345 | -€613 | -20.7% |
| Other operating charges | 640/8 | €758 | €2,767 | +€2,009 | +265% |
| Gross operating margin | 9900 | €9,009 | €11,281 | +€2,272 | +25.2% |
| Operating profit (loss) | 9901 | €5,293 | €6,169 | +€876 | +16.6% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €763 | €641 | -€122 | -16.0% |
| Recurring financial charges | 65 | €763 | €641 | -€122 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €4,530 | €5,555 | +€1,025 | +22.6% |
| Income taxes | 67/77 | €3,051 | €4,407 | +€1,356 | +44.5% |
| Profit (loss) for the period | 9904 | €1,479 | €1,147 | -€332 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,479 | €1,147 | -€332 | -22.4% |
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 1 November 2026 via checked.be.