ALX: 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.
ALX
Largest movements
- Stocks and contracts -€19,460
down €19,460 (-37.6%), from €51,807 to €32,347
- Tangible fixed assets -€18,619
down €18,619 (-51.8%), from €35,959 to €17,340
of which Furniture and vehicles: -€27,708
- Cash -€9,818
down €9,818 (-82.9%), from €11,842 to €2,025
mainly Other debts (-€60,344) and Deferred charges and accrued income (-€639)
- Receivables within one year -€2,005
down €2,005 (-17.3%), from €11,599 to €9,594
of which Other amounts receivable: -€6,407
- Other debts -€60,344
down €60,344 (-45.1%), from €133,891 to €73,547
- Profit (loss) carried forward +€7,675
up €7,675 (+26.0%), from -€29,534 to -€21,860
- Trade debts +€2,814
up €2,814 (+5906.3%), from €48 to €2,862
- Gross operating margin +€6,216
up €6,216 (+34.6%), from €17,960 to €24,177
- Depreciation -€2,968
down €2,968 (-71.3%), from €4,163 to €1,195
- Financial charges +€382
up €382 (+353.7%), from €108 to €490
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 | €111,424 | €62,160 | -€49,264 | -44.2% |
| Fixed assets | 21/28 | €35,959 | €17,340 | -€18,619 | -51.8% |
| Tangible fixed assets | 22/27 | €35,959 | €17,340 | -€18,619 | -51.8% |
| Plant, machinery and equipment | 23 | - | €9,412 | +€9,412 | |
| Furniture and vehicles | 24 | €33,456 | €5,748 | -€27,708 | -82.8% |
| Other tangible fixed assets | 26 | €2,503 | €2,180 | -€323 | -12.9% |
| Current assets | 29/58 | €75,465 | €44,821 | -€30,644 | -40.6% |
| Stocks and contracts in progress | 3 | €51,807 | €32,347 | -€19,460 | -37.6% |
| Stocks | 30/36 | €51,807 | €32,347 | -€19,460 | -37.6% |
| Amounts receivable within one year | 40/41 | €11,599 | €9,594 | -€2,005 | -17.3% |
| Trade receivables | 40 | €3,171 | €7,573 | +€4,402 | +138.8% |
| Other amounts receivable | 41 | €8,428 | €2,021 | -€6,407 | -76.0% |
| Cash at bank and in hand | 54/58 | €11,842 | €2,025 | -€9,818 | -82.9% |
| Deferred charges and accrued income | 490/1 | €216 | €855 | +€639 | +295.5% |
| Total equity and liabilities | 10/49 | €111,424 | €62,160 | -€49,264 | -44.2% |
| Equity | 10/15 | -€23,334 | -€15,660 | +€7,675 | +32.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,534 | -€21,860 | +€7,675 | +26.0% |
| Amounts payable | 17/49 | €134,759 | €77,820 | -€56,938 | -42.3% |
| Amounts payable within one year | 42/48 | €134,166 | €76,912 | -€57,253 | -42.7% |
| Trade debts | 44 | €48 | €2,862 | +€2,814 | +5906.3% |
| Suppliers | 440/4 | €48 | €2,862 | +€2,814 | +5906.3% |
| Taxes, remuneration and social security | 45 | €227 | €504 | +€276 | +121.6% |
| Taxes | 450/3 | €227 | €504 | +€276 | +121.6% |
| Other amounts payable | 47/48 | €133,891 | €73,547 | -€60,344 | -45.1% |
| Accrued charges and deferred income | 492/3 | €593 | €908 | +€315 | +53.1% |
| Non-recurring operating income | 76A | €1,771 | €0 | -€1,771 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,163 | €1,195 | -€2,968 | -71.3% |
| Other operating charges | 640/8 | €1,444 | €1,429 | -€15 | -1.1% |
| Non-recurring operating charges | 66A | €1,706 | €13,188 | +€11,483 | +673.3% |
| Gross operating margin | 9900 | €17,960 | €24,177 | +€6,216 | +34.6% |
| Operating profit (loss) | 9901 | €10,648 | €8,365 | -€2,283 | -21.4% |
| Financial charges | 65/66B | €108 | €490 | +€382 | +353.7% |
| Recurring financial charges | 65 | €108 | €490 | +€382 | +353.7% |
| Profit (loss) for the period before taxes | 9903 | €10,540 | €7,875 | -€2,665 | -25.3% |
| Income taxes | 67/77 | €88 | €200 | +€112 | +128.2% |
| Profit (loss) for the period | 9904 | €10,452 | €7,675 | -€2,777 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,452 | €7,675 | -€2,777 | -26.6% |
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 2 October 2026 via checked.be.