Saint-Alexander: 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.
Saint-Alexander
Largest movements
- Tangible fixed assets +€17,026
up €17,026 (+72.9%), from €23,356 to €40,382
of which Plant, machinery and equipment: +€19,411
- Receivables within one year -€8,256
down €8,256 (-94.8%), from €8,709 to €453
of which Other amounts receivable: -€4,956
- Cash +€3,970
up €3,970 (+58.2%), from €6,821 to €10,791
mainly Other debts (+€23,779) and Receivables within one year (+€8,256)
- Other debts +€23,779
up €23,779 (+7.4%), from €322,754 to €346,533
- Profit (loss) carried forward -€10,627
down €10,627 (-3.2%), from -€332,670 to -€343,297
- Trade debts -€1,212
down €1,212 (-18.5%), from €6,534 to €5,322
- Accrued charges and deferred income +€805
new in 2025: €805
- Gross operating margin -€7,870
down €7,870 (-96.7%), from €8,141 to €272
- Depreciation -€697
down €697 (-12.4%), from €5,636 to €4,938
- Other operating charges +€167
up €167 (+2.9%), from €5,755 to €5,923
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 | €39,103 | €51,848 | +€12,745 | +32.6% |
| Fixed assets | 21/28 | €23,356 | €40,382 | +€17,026 | +72.9% |
| Tangible fixed assets | 22/27 | €23,356 | €40,382 | +€17,026 | +72.9% |
| Land and buildings | 22 | €20,977 | €18,592 | -€2,385 | -11.4% |
| Plant, machinery and equipment | 23 | €2,379 | €21,790 | +€19,411 | +816% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100% |
| Current assets | 29/58 | €15,746 | €11,465 | -€4,281 | -27.2% |
| Amounts receivable within one year | 40/41 | €8,709 | €453 | -€8,256 | -94.8% |
| Trade receivables | 40 | €3,301 | €0 | -€3,301 | -100% |
| Other amounts receivable | 41 | €5,409 | €453 | -€4,956 | -91.6% |
| Cash at bank and in hand | 54/58 | €6,821 | €10,791 | +€3,970 | +58.2% |
| Deferred charges and accrued income | 490/1 | €216 | €222 | +€6 | +2.6% |
| Total equity and liabilities | 10/49 | €39,103 | €51,848 | +€12,745 | +32.6% |
| Equity | 10/15 | -€290,186 | -€300,813 | -€10,627 | -3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,885 | €23,885 | = | 0.0% |
| Distributable reserves | 133 | €23,885 | €23,885 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€332,670 | -€343,297 | -€10,627 | -3.2% |
| Amounts payable | 17/49 | €329,288 | €352,660 | +€23,372 | +7.1% |
| Amounts payable within one year | 42/48 | €329,288 | €351,856 | +€22,568 | +6.9% |
| Trade debts | 44 | €6,534 | €5,322 | -€1,212 | -18.5% |
| Suppliers | 440/4 | €6,534 | €5,322 | -€1,212 | -18.5% |
| Other amounts payable | 47/48 | €322,754 | €346,533 | +€23,779 | +7.4% |
| Accrued charges and deferred income | 492/3 | - | €805 | +€805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,636 | €4,938 | -€697 | -12.4% |
| Other operating charges | 640/8 | €5,755 | €5,923 | +€167 | +2.9% |
| Gross operating margin | 9900 | €8,141 | €272 | -€7,870 | -96.7% |
| Operating profit (loss) | 9901 | -€3,250 | -€10,589 | -€7,340 | -226% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €38 | €39 | +€1 | +3.3% |
| Recurring financial charges | 65 | €38 | €39 | +€1 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,288 | -€10,627 | -€7,340 | -223% |
| Profit (loss) for the period | 9904 | -€3,288 | -€10,627 | -€7,340 | -223% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,288 | -€10,627 | -€7,340 | -223% |
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 20 October 2026 via checked.be.