De Souter Alex: 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.
De Souter Alex
Largest movements
- Receivables within one year +€3,944
up €3,944 (+7.7%), from €51,243 to €55,187
of which Trade receivables: +€5,608
- Cash -€3,488
down €3,488 (-69.8%), from €4,999 to €1,511
mainly Tax, wage and social debts (-€4,059) and Receivables within one year (-€3,944)
- Tangible fixed assets -€939
down €939 (-45.8%), from €2,049 to €1,111
- Reserves +€5,000
up €5,000 (+16.8%), from €29,700 to €34,700
- Tax, wage and social debts -€4,059
down €4,059 (-34.3%), from €11,849 to €7,790
- Trade debts -€1,643
down €1,643 (-23.5%), from €6,987 to €5,345
- Gross operating margin -€4,568
down €4,568 (-27.3%), from €16,728 to €12,160
- Taxes -€1,236
down €1,236 (-24.6%), from €5,035 to €3,799
- Depreciation -€500
down €500 (-34.8%), from €1,439 to €939
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 | €58,292 | €57,809 | -€483 | -0.8% |
| Fixed assets | 21/28 | €2,049 | €1,111 | -€939 | -45.8% |
| Tangible fixed assets | 22/27 | €2,049 | €1,111 | -€939 | -45.8% |
| Plant, machinery and equipment | 23 | €2,049 | €1,111 | -€939 | -45.8% |
| Current assets | 29/58 | €56,242 | €56,698 | +€456 | +0.8% |
| Amounts receivable within one year | 40/41 | €51,243 | €55,187 | +€3,944 | +7.7% |
| Trade receivables | 40 | - | €5,608 | +€5,608 | |
| Other amounts receivable | 41 | €51,243 | €49,578 | -€1,664 | -3.2% |
| Cash at bank and in hand | 54/58 | €4,999 | €1,511 | -€3,488 | -69.8% |
| Total equity and liabilities | 10/49 | €58,292 | €57,809 | -€483 | -0.8% |
| Equity | 10/15 | €39,455 | €44,674 | +€5,219 | +13.2% |
| Contributions | 10/11 | €1,100 | €1,100 | = | 0.0% |
| Reserves | 13 | €29,700 | €34,700 | +€5,000 | +16.8% |
| Distributable reserves | 133 | €29,700 | €34,700 | +€5,000 | +16.8% |
| Profit (loss) carried forward | 14 | €8,655 | €8,874 | +€219 | +2.5% |
| Amounts payable | 17/49 | €18,836 | €13,135 | -€5,701 | -30.3% |
| Amounts payable within one year | 42/48 | €18,836 | €13,135 | -€5,701 | -30.3% |
| Trade debts | 44 | €6,987 | €5,345 | -€1,643 | -23.5% |
| Suppliers | 440/4 | €6,987 | €5,345 | -€1,643 | -23.5% |
| Taxes, remuneration and social security | 45 | €11,849 | €7,790 | -€4,059 | -34.3% |
| Taxes | 450/3 | €11,849 | €7,790 | -€4,059 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,439 | €939 | -€500 | -34.8% |
| Other operating charges | 640/8 | €2,124 | €2,121 | -€4 | -0.2% |
| Gross operating margin | 9900 | €16,728 | €12,160 | -€4,568 | -27.3% |
| Operating profit (loss) | 9901 | €13,165 | €9,101 | -€4,064 | -30.9% |
| Financial income | 75/76B | €15 | €0 | -€15 | -97.2% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -97.2% |
| Financial charges | 65/66B | €151 | €84 | -€67 | -44.2% |
| Recurring financial charges | 65 | €151 | €84 | -€67 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €13,030 | €9,017 | -€4,013 | -30.8% |
| Income taxes | 67/77 | €5,035 | €3,799 | -€1,236 | -24.6% |
| Profit (loss) for the period | 9904 | €7,995 | €5,219 | -€2,776 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,995 | €5,219 | -€2,776 | -34.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.