MARLENE ALEXANDRE: 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.
MARLENE ALEXANDRE
Largest movements
- Receivables within one year -€399,491
down €399,491 (-98.5%), from €405,673 to €6,181
of which Trade receivables: -€349,613
- Deferred charges and accrued income +€368,471
up €368,471 (+131.7%), from €279,756 to €648,227
- Financial fixed assets +€344,951
up €344,951 (+283327.6%), from €122 to €345,073
- Cash -€257,968
down €257,968 (-93.2%), from €276,813 to €18,845
mainly Investment in fixed assets (net) (-€439,544) and Deferred charges and accrued income (-€368,471)
- Tangible fixed assets +€71,367
up €71,367 (+138.9%), from €51,375 to €122,743
of which Land and buildings: +€93,495
- Reserves +€268,064
up €268,064 (+31.8%), from €842,140 to €1.1m
of which Distributable reserves: +€268,064
- Trade debts -€82,981
down €82,981 (-96.8%), from €85,712 to €2,731
- Other debts -€32,171
down €32,171 (-98.2%), from €32,766 to €595
- Tax, wage and social debts -€20,679
down €20,679 (-43.2%), from €47,913 to €27,234
of which Taxes: -€12,688
- Gross operating margin -€622,392
down €622,392 (-97.6%), from €637,797 to €15,404
- Financial income +€436,859
new in 2024: €436,859
- Staff costs -€188,393
down €188,393 (-99.4%), from €189,562 to €1,169
- Taxes -€68,536
down €68,536 (-52.2%), from €131,371 to €62,835
- Depreciation +€10,447
up €10,447 (+59.4%), from €17,574 to €28,021
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,018,535 | €1,141,069 | +€122,533 | +12.0% |
| Fixed assets | 21/28 | €56,293 | €467,816 | +€411,523 | +731.0% |
| Intangible fixed assets | 21 | €4,796 | - | -€4,796 | |
| Tangible fixed assets | 22/27 | €51,375 | €122,743 | +€71,367 | +138.9% |
| Land and buildings | 22 | €13,400 | €106,895 | +€93,495 | +697.7% |
| Furniture and vehicles | 24 | €37,231 | €15,227 | -€22,004 | -59.1% |
| Other tangible fixed assets | 26 | €744 | €620 | -€124 | -16.7% |
| Financial fixed assets | 28 | €122 | €345,073 | +€344,951 | +283327.6% |
| Current assets | 29/58 | €962,242 | €673,253 | -€288,989 | -30.0% |
| Amounts receivable within one year | 40/41 | €405,673 | €6,181 | -€399,491 | -98.5% |
| Trade receivables | 40 | €353,963 | €4,350 | -€349,613 | -98.8% |
| Other amounts receivable | 41 | €51,709 | €1,831 | -€49,878 | -96.5% |
| Cash at bank and in hand | 54/58 | €276,813 | €18,845 | -€257,968 | -93.2% |
| Deferred charges and accrued income | 490/1 | €279,756 | €648,227 | +€368,471 | +131.7% |
| Total equity and liabilities | 10/49 | €1,018,535 | €1,141,069 | +€122,533 | +12.0% |
| Equity | 10/15 | €842,140 | €1,110,204 | +€268,064 | +31.8% |
| Reserves | 13 | €842,140 | €1,110,204 | +€268,064 | +31.8% |
| Tax-exempt reserves | 132 | €96 | €96 | = | 0.0% |
| Distributable reserves | 133 | €842,044 | €1,110,108 | +€268,064 | +31.8% |
| Amounts payable | 17/49 | €176,395 | €30,864 | -€145,530 | -82.5% |
| Amounts payable within one year | 42/48 | €176,395 | €30,864 | -€145,530 | -82.5% |
| Current portion of amounts payable after more than one year | 42 | €10,004 | - | -€10,004 | |
| Financial debts | 43 | - | €304 | +€304 | |
| Credit institutions | 430/8 | - | €304 | +€304 | |
| Trade debts | 44 | €85,712 | €2,731 | -€82,981 | -96.8% |
| Suppliers | 440/4 | €85,712 | €2,731 | -€82,981 | -96.8% |
| Taxes, remuneration and social security | 45 | €47,913 | €27,234 | -€20,679 | -43.2% |
| Taxes | 450/3 | €39,922 | €27,234 | -€12,688 | -31.8% |
| Remuneration and social security | 454/9 | €7,991 | - | -€7,991 | |
| Other amounts payable | 47/48 | €32,766 | €595 | -€32,171 | -98.2% |
| Non-recurring operating income | 76A | - | €35,856 | +€35,856 | |
| Remuneration, social security and pensions | 62 | €189,562 | €1,169 | -€188,393 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,574 | €28,021 | +€10,447 | +59.4% |
| Other operating charges | 640/8 | €1,485 | €7,849 | +€6,363 | +428.5% |
| Gross operating margin | 9900 | €637,797 | €15,404 | -€622,392 | -97.6% |
| Operating profit (loss) | 9901 | €429,175 | -€21,635 | -€450,809 | |
| Financial income | 75/76B | - | €436,859 | +€436,859 | |
| Recurring financial income | 75 | - | €436,859 | +€436,859 | |
| Financial charges | 65/66B | €7,482 | €1,001 | -€6,481 | -86.6% |
| Recurring financial charges | 65 | €2,031 | €1,001 | -€1,030 | -50.7% |
| Non-recurring financial charges | 66B | €5,451 | - | -€5,451 | |
| Profit (loss) for the period before taxes | 9903 | €421,693 | €414,223 | -€7,470 | -1.8% |
| Transfer from deferred taxes | 780 | €869 | - | -€869 | |
| Income taxes | 67/77 | €131,371 | €62,835 | -€68,536 | -52.2% |
| Profit (loss) for the period | 9904 | €291,191 | €351,389 | +€60,198 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €291,191 | €351,389 | +€60,198 | +20.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.