ALECTA: 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.
ALECTA
Largest movements
- Cash +€39,547
up €39,547 (+319%), from €12,408 to €51,955
mainly Net result for the year (+€45,461) and Depreciation (+€640)
- Formation expenses -€640
no longer reported in 2025 (was €640)
- Reserves +€44,261
up €44,261 (+878%), from €5,041 to €49,302
- Other debts -€2,950
down €2,950 (-71.1%), from €4,150 to €1,200
- Tax, wage and social debts -€1,775
no longer reported in 2025 (was €1,775)
- Gross operating margin +€49,487
up €49,487 (+551%), from €8,978 to €58,465
- Taxes +€10,486
up €10,486 (+583%), from €1,798 to €12,284
- Other operating charges -€597
down €597 (-83.8%), from €712 to €116
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 | €14,148 | €53,678 | +€39,530 | +279% |
| Formation expenses | 20 | €640 | - | -€640 | |
| Current assets | 29/58 | €13,507 | €53,678 | +€40,171 | +297% |
| Amounts receivable within one year | 40/41 | €47 | €245 | +€198 | +420% |
| Other amounts receivable | 41 | €47 | €245 | +€198 | +420% |
| Cash at bank and in hand | 54/58 | €12,408 | €51,955 | +€39,547 | +319% |
| Deferred charges and accrued income | 490/1 | €1,052 | €1,478 | +€426 | +40.5% |
| Total equity and liabilities | 10/49 | €14,148 | €53,678 | +€39,530 | +279% |
| Equity | 10/15 | €8,041 | €52,302 | +€44,261 | +550% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,041 | €49,302 | +€44,261 | +878% |
| Distributable reserves | 133 | €5,041 | €49,302 | +€44,261 | +878% |
| Amounts payable | 17/49 | €6,107 | €1,376 | -€4,730 | -77.5% |
| Amounts payable within one year | 42/48 | €5,997 | €1,200 | -€4,797 | -80.0% |
| Trade debts | 44 | €71 | - | -€71 | |
| Suppliers | 440/4 | €71 | - | -€71 | |
| Taxes, remuneration and social security | 45 | €1,775 | - | -€1,775 | |
| Taxes | 450/3 | €1,775 | - | -€1,775 | |
| Other amounts payable | 47/48 | €4,150 | €1,200 | -€2,950 | -71.1% |
| Accrued charges and deferred income | 492/3 | €110 | €176 | +€66 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221 | €640 | +€419 | +189% |
| Other operating charges | 640/8 | €712 | €116 | -€597 | -83.8% |
| Gross operating margin | 9900 | €8,978 | €58,465 | +€49,487 | +551% |
| Operating profit (loss) | 9901 | €8,044 | €57,709 | +€49,664 | +617% |
| Financial income | 75/76B | €0 | €198 | +€197 | +98,690% |
| Recurring financial income | 75 | €0 | €198 | +€197 | +98,690% |
| Financial charges | 65/66B | €56 | €162 | +€106 | +190% |
| Recurring financial charges | 65 | €56 | €162 | +€106 | +190% |
| Profit (loss) for the period before taxes | 9903 | €7,989 | €57,745 | +€49,756 | +623% |
| Income taxes | 67/77 | €1,798 | €12,284 | +€10,486 | +583% |
| Profit (loss) for the period | 9904 | €6,191 | €45,461 | +€39,270 | +634% |
| Profit (loss) for the period to be appropriated | 9905 | €6,191 | €45,461 | +€39,270 | +634% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.