DR. ALEX DE FERM: what changed
DR. ALEX DE FERM
Largest movements
- Cash +€225,908
up €225,908 (+542%), from €41,719 to €267,627
mainly Net result for the year (+€145,590) and Receivables within one year (+€60,760)
- Receivables within one year -€60,760
down €60,760 (-49.9%), from €121,711 to €60,951
of which Other amounts receivable: -€62,245
- Deferred charges and accrued income -€26,376
down €26,376 (-78.9%), from €33,431 to €7,055
- Tangible fixed assets -€24,721
down €24,721 (-46.8%), from €52,845 to €28,124
of which Leasing and similar rights: -€19,383
- Current investments +€11,205
up €11,205 (+1.8%), from €639,797 to €651,002
- Reserves +€145,590
up €145,590 (+17.4%), from €837,643 to €983,233
of which Distributable reserves: +€145,590
- Gross operating margin -€55,289
down €55,289 (-20.1%), from €274,429 to €219,140
- Taxes -€15,109
down €15,109 (-19.7%), from €76,694 to €61,584
- Financial income +€7,129
up €7,129 (+79.9%), from €8,921 to €16,050
- Financial charges +€5,391
up €5,391, from -€3,470 to €1,921
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €889,503 | €1,014,859 | +€125,356 | +14.1% |
| Fixed assets | 21/28 | €52,845 | €28,224 | -€24,621 | -46.6% |
| Tangible fixed assets | 22/27 | €52,845 | €28,124 | -€24,721 | -46.8% |
| Land and buildings | 22 | €8,259 | €6,977 | -€1,282 | -15.5% |
| Plant, machinery and equipment | 23 | €2,872 | €1,531 | -€1,341 | -46.7% |
| Furniture and vehicles | 24 | €10,652 | €7,937 | -€2,715 | -25.5% |
| Leasing and similar rights | 25 | €31,062 | €11,679 | -€19,383 | -62.4% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €836,658 | €986,635 | +€149,977 | +17.9% |
| Amounts receivable within one year | 40/41 | €121,711 | €60,951 | -€60,760 | -49.9% |
| Trade receivables | 40 | €0 | €1,485 | +€1,485 | |
| Other amounts receivable | 41 | €121,711 | €59,466 | -€62,245 | -51.1% |
| Current investments | 50/53 | €639,797 | €651,002 | +€11,205 | +1.8% |
| Cash at bank and in hand | 54/58 | €41,719 | €267,627 | +€225,908 | +542% |
| Deferred charges and accrued income | 490/1 | €33,431 | €7,055 | -€26,376 | -78.9% |
| Total equity and liabilities | 10/49 | €889,503 | €1,014,859 | +€125,356 | +14.1% |
| Equity | 10/15 | €844,043 | €989,633 | +€145,590 | +17.2% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €837,643 | €983,233 | +€145,590 | +17.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €837,643 | €983,233 | +€145,590 | +17.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,460 | €25,226 | -€20,234 | -44.5% |
| Amounts payable after more than one year | 17 | €9,127 | €0 | -€9,127 | -100% |
| Financial debts | 170/4 | €9,127 | €0 | -€9,127 | -100% |
| Amounts payable within one year | 42/48 | €35,863 | €23,007 | -€12,856 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €18,660 | €9,123 | -€9,537 | -51.1% |
| Trade debts | 44 | €5,380 | €4,864 | -€516 | -9.6% |
| Suppliers | 440/4 | €5,380 | €4,864 | -€516 | -9.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,822 | €9,020 | -€2,802 | -23.7% |
| Accrued charges and deferred income | 492/3 | €470 | €2,219 | +€1,749 | +372% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,779 | €24,721 | +€943 | +4.0% |
| Other operating charges | 640/8 | €2,219 | €1,374 | -€846 | -38.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €274,429 | €219,140 | -€55,289 | -20.1% |
| Operating profit (loss) | 9901 | €248,431 | €193,045 | -€55,386 | -22.3% |
| Financial income | 75/76B | €8,921 | €16,050 | +€7,129 | +79.9% |
| Recurring financial income | 75 | €8,921 | €16,050 | +€7,129 | +79.9% |
| Financial charges | 65/66B | -€3,470 | €1,921 | +€5,391 | |
| Recurring financial charges | 65 | -€3,470 | €1,921 | +€5,391 | |
| Profit (loss) for the period before taxes | 9903 | €260,822 | €207,174 | -€53,648 | -20.6% |
| Income taxes | 67/77 | €76,694 | €61,584 | -€15,109 | -19.7% |
| Profit (loss) for the period | 9904 | €184,128 | €145,590 | -€38,539 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €184,128 | €145,590 | -€38,539 | -20.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.