ALXAS: 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.
ALXAS
Largest movements
- Deferred charges and accrued income +€11,965
new in 2025: €11,965
- Cash -€8,175
down €8,175 (-65.1%), from €12,566 to €4,391
mainly Net result for the year (-€94,684) and Deferred charges and accrued income (-€11,965)
- Receivables within one year +€3,447
up €3,447 (+18.3%), from €18,856 to €22,303
of which Trade receivables: +€17,663
- Tangible fixed assets +€1,773
up €1,773 (+18.5%), from €9,592 to €11,365
of which Plant, machinery and equipment: +€2,373
- Intangible fixed assets -€792
down €792 (-20.9%), from €3,788 to €2,996
- Trade debts +€89,444
up €89,444 (+6,623%), from €1,351 to €90,795
- Profit (loss) carried forward -€76,752
new in 2025: -€76,752
- Short-term financial debts +€23,000
new in 2025: €23,000
- Reserves -€17,932
no longer reported in 2025 (was €17,932)
- Debts after one year -€6,708
down €6,708 (-53.6%), from €12,507 to €5,799
- Gross operating margin -€84,707
down €84,707, from €23,465 to -€61,242
- Other operating charges +€5,663
up €5,663 (+1,425%), from €397 to €6,061
- Taxes -€4,403
down €4,403 (-96.4%), from €4,568 to €165
- Depreciation +€3,643
up €3,643 (+744%), from €489 to €4,133
- Financial charges +€3,007
up €3,007 (+1,625%), from €185 to €3,192
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 | €44,801 | €53,020 | +€8,219 | +18.3% |
| Fixed assets | 21/28 | €13,379 | €14,361 | +€981 | +7.3% |
| Intangible fixed assets | 21 | €3,788 | €2,996 | -€792 | -20.9% |
| Tangible fixed assets | 22/27 | €9,592 | €11,365 | +€1,773 | +18.5% |
| Plant, machinery and equipment | 23 | €6,707 | €9,080 | +€2,373 | +35.4% |
| Other tangible fixed assets | 26 | €2,885 | €2,285 | -€600 | -20.8% |
| Current assets | 29/58 | €31,422 | €38,659 | +€7,237 | +23.0% |
| Amounts receivable within one year | 40/41 | €18,856 | €22,303 | +€3,447 | +18.3% |
| Trade receivables | 40 | €1,432 | €19,095 | +€17,663 | +1,234% |
| Other amounts receivable | 41 | €17,425 | €3,209 | -€14,216 | -81.6% |
| Cash at bank and in hand | 54/58 | €12,566 | €4,391 | -€8,175 | -65.1% |
| Deferred charges and accrued income | 490/1 | - | €11,965 | +€11,965 | |
| Total equity and liabilities | 10/49 | €44,801 | €53,020 | +€8,219 | +18.3% |
| Equity | 10/15 | €19,932 | -€74,752 | -€94,684 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,932 | - | -€17,932 | |
| Distributable reserves | 133 | €17,932 | - | -€17,932 | |
| Profit (loss) carried forward | 14 | - | -€76,752 | -€76,752 | |
| Amounts payable | 17/49 | €24,869 | €127,772 | +€102,903 | +414% |
| Amounts payable after more than one year | 17 | €12,507 | €5,799 | -€6,708 | -53.6% |
| Financial debts | 170/4 | €12,507 | €5,799 | -€6,708 | -53.6% |
| Amounts payable within one year | 42/48 | €12,362 | €121,973 | +€109,611 | +887% |
| Current portion of amounts payable after more than one year | 42 | €6,444 | €6,708 | +€264 | +4.1% |
| Financial debts | 43 | - | €23,000 | +€23,000 | |
| Credit institutions | 430/8 | - | €23,000 | +€23,000 | |
| Trade debts | 44 | €1,351 | €90,795 | +€89,444 | +6,623% |
| Suppliers | 440/4 | €1,351 | €90,795 | +€89,444 | +6,623% |
| Taxes, remuneration and social security | 45 | €4,568 | €1,470 | -€3,098 | -67.8% |
| Taxes | 450/3 | €4,568 | €1,470 | -€3,098 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | €4,133 | +€3,643 | +744% |
| Other operating charges | 640/8 | €397 | €6,061 | +€5,663 | +1,425% |
| Non-recurring operating charges | 66A | - | €21,950 | +€21,950 | |
| Gross operating margin | 9900 | €23,465 | -€61,242 | -€84,707 | |
| Operating profit (loss) | 9901 | €22,578 | -€93,385 | -€115,963 | |
| Financial income | 75/76B | €106 | €2,058 | +€1,952 | +1,838% |
| Recurring financial income | 75 | €106 | €2,058 | +€1,952 | +1,838% |
| Financial charges | 65/66B | €185 | €3,192 | +€3,007 | +1,625% |
| Recurring financial charges | 65 | €185 | €3,192 | +€3,007 | +1,625% |
| Profit (loss) for the period before taxes | 9903 | €22,499 | -€94,519 | -€117,019 | |
| Income taxes | 67/77 | €4,568 | €165 | -€4,403 | -96.4% |
| Profit (loss) for the period | 9904 | €17,932 | -€94,684 | -€112,616 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,932 | -€94,684 | -€112,616 |
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.