Alixar: 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.
Alixar
Largest movements
- Current investments +€8.1m
up €8.1m (+79.3%), from €10.2m to €18.2m
- Cash -€200,738
down €200,738 (-67.1%), from €299,111 to €98,374
mainly Current investments (-€8.1m) and Tax, wage and social debts (-€519,336)
- Accrued charges and deferred income +€5.6m
up €5.6m (+761%), from €735,899 to €6.3m
- Reserves +€2.6m
up €2.6m (+30.4%), from €8.7m to €11.3m
- Tax, wage and social debts -€519,336
down €519,336 (-62.5%), from €831,468 to €312,132
- Financial income +€3.7m
up €3.7m (+53,609%), from €6,899 to €3.7m
- Taxes +€1.1m
up €1.1m (+446%), from €244,109 to €1.3m
- Gross operating margin -€257,392
down €257,392 (-33.3%), from €771,903 to €514,511
- Other operating charges +€15,269
up €15,269 (+73.4%), from €20,812 to €36,081
- Financial charges +€9,435
up €9,435 (+353%), from €2,671 to €12,105
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 | €10,619,527 | €18,464,847 | +€7.8m | +73.9% |
| Fixed assets | 21/28 | €2,775 | €2,217 | -€558 | -20.1% |
| Tangible fixed assets | 22/27 | €2,775 | €2,217 | -€558 | -20.1% |
| Plant, machinery and equipment | 23 | €195 | €118 | -€77 | -39.4% |
| Furniture and vehicles | 24 | €2,580 | €2,099 | -€481 | -18.6% |
| Current assets | 29/58 | €10,616,752 | €18,462,630 | +€7.8m | +73.9% |
| Amounts receivable within one year | 40/41 | €150,035 | €129,197 | -€20,838 | -13.9% |
| Trade receivables | 40 | €149,185 | €128,604 | -€20,581 | -13.8% |
| Other amounts receivable | 41 | €850 | €593 | -€257 | -30.2% |
| Current investments | 50/53 | €10,164,579 | €18,229,528 | +€8.1m | +79.3% |
| Cash at bank and in hand | 54/58 | €299,111 | €98,374 | -€200,738 | -67.1% |
| Deferred charges and accrued income | 490/1 | €3,026 | €5,530 | +€2,504 | +82.7% |
| Total equity and liabilities | 10/49 | €10,619,527 | €18,464,847 | +€7.8m | +73.9% |
| Equity | 10/15 | €8,691,833 | €11,332,340 | +€2.6m | +30.4% |
| Reserves | 13 | €8,691,833 | €11,332,340 | +€2.6m | +30.4% |
| Distributable reserves | 133 | €8,691,833 | €11,332,340 | +€2.6m | +30.4% |
| Amounts payable | 17/49 | €1,927,694 | €7,132,507 | +€5.2m | +270% |
| Amounts payable within one year | 42/48 | €1,191,795 | €793,752 | -€398,043 | -33.4% |
| Trade debts | 44 | €3,536 | €1,306 | -€2,230 | -63.1% |
| Suppliers | 440/4 | €3,536 | €1,306 | -€2,230 | -63.1% |
| Taxes, remuneration and social security | 45 | €831,468 | €312,132 | -€519,336 | -62.5% |
| Taxes | 450/3 | €831,468 | €312,132 | -€519,336 | -62.5% |
| Other amounts payable | 47/48 | €356,791 | €480,314 | +€123,523 | +34.6% |
| Accrued charges and deferred income | 492/3 | €735,899 | €6,338,755 | +€5.6m | +761% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,052 | €2,274 | +€222 | +10.8% |
| Other operating charges | 640/8 | €20,812 | €36,081 | +€15,269 | +73.4% |
| Gross operating margin | 9900 | €771,903 | €514,511 | -€257,392 | -33.3% |
| Operating profit (loss) | 9901 | €749,039 | €476,156 | -€272,883 | -36.4% |
| Financial income | 75/76B | €6,899 | €3,705,507 | +€3.7m | +53,609% |
| Recurring financial income | 75 | €6,899 | €3,705,507 | +€3.7m | +53,609% |
| Financial charges | 65/66B | €2,671 | €12,105 | +€9,435 | +353% |
| Recurring financial charges | 65 | €2,671 | €12,105 | +€9,435 | +353% |
| Profit (loss) for the period before taxes | 9903 | €753,268 | €4,169,558 | +€3.4m | +454% |
| Income taxes | 67/77 | €244,109 | €1,332,488 | +€1.1m | +446% |
| Profit (loss) for the period | 9904 | €509,159 | €2,837,070 | +€2.3m | +457% |
| Profit (loss) for the period to be appropriated | 9905 | €509,159 | €2,837,070 | +€2.3m | +457% |
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 26 October 2026 via checked.be.