ALECTI: 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.
ALECTI
Largest movements
- Tangible fixed assets +€118,350
up €118,350 (+305%), from €38,827 to €157,177
of which Land and buildings: +€121,369
- Receivables within one year +€9,055
up €9,055 (+405%), from €2,238 to €11,293
of which Trade receivables: +€6,085
- Debts after one year +€135,675
up €135,675 (+828%), from €16,391 to €152,065
- Reserves -€17,261
down €17,261 (-40.5%), from €42,646 to €25,385
- Current portion of long-term debt +€7,971
up €7,971 (+125%), from €6,355 to €14,325
- Tax, wage and social debts -€5,745
down €5,745 (-76.7%), from €7,495 to €1,750
- Other debts +€5,178
up €5,178 (+65.0%), from €7,964 to €13,142
- Gross operating margin +€34,040
up €34,040 (+89.0%), from €38,236 to €72,276
- Depreciation +€19,231
up €19,231 (+224%), from €8,597 to €27,827
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 | €89,861 | €217,356 | +€127,494 | +142% |
| Fixed assets | 21/28 | €38,827 | €157,177 | +€118,350 | +305% |
| Tangible fixed assets | 22/27 | €38,827 | €157,177 | +€118,350 | +305% |
| Land and buildings | 22 | €13,220 | €134,589 | +€121,369 | +918% |
| Plant, machinery and equipment | 23 | €1,372 | €1,518 | +€146 | +10.7% |
| Furniture and vehicles | 24 | €24,235 | €21,070 | -€3,165 | -13.1% |
| Current assets | 29/58 | €51,034 | €60,178 | +€9,144 | +17.9% |
| Stocks and contracts in progress | 3 | €4,683 | €3,339 | -€1,344 | -28.7% |
| Stocks | 30/36 | €4,683 | €3,339 | -€1,344 | -28.7% |
| Amounts receivable within one year | 40/41 | €2,238 | €11,293 | +€9,055 | +405% |
| Trade receivables | 40 | €0 | €6,085 | +€6,085 | |
| Other amounts receivable | 41 | €2,238 | €5,208 | +€2,969 | +133% |
| Cash at bank and in hand | 54/58 | €42,588 | €44,730 | +€2,142 | +5.0% |
| Deferred charges and accrued income | 490/1 | €1,525 | €816 | -€708 | -46.5% |
| Total equity and liabilities | 10/49 | €89,861 | €217,356 | +€127,494 | +142% |
| Equity | 10/15 | €47,646 | €30,385 | -€17,261 | -36.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,646 | €25,385 | -€17,261 | -40.5% |
| Distributable reserves | 133 | €42,646 | €25,385 | -€17,261 | -40.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €42,216 | €186,971 | +€144,755 | +343% |
| Amounts payable after more than one year | 17 | €16,391 | €152,065 | +€135,675 | +828% |
| Financial debts | 170/4 | €16,391 | €152,065 | +€135,675 | +828% |
| Amounts payable within one year | 42/48 | €25,317 | €34,420 | +€9,104 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €6,355 | €14,325 | +€7,971 | +125% |
| Trade debts | 44 | €3,503 | €5,203 | +€1,701 | +48.6% |
| Suppliers | 440/4 | €3,503 | €5,203 | +€1,701 | +48.6% |
| Taxes, remuneration and social security | 45 | €7,495 | €1,750 | -€5,745 | -76.7% |
| Taxes | 450/3 | €7,495 | €1,750 | -€5,745 | -76.7% |
| Other amounts payable | 47/48 | €7,964 | €13,142 | +€5,178 | +65.0% |
| Accrued charges and deferred income | 492/3 | €509 | €485 | -€23 | -4.6% |
| Non-recurring operating income | 76A | - | €1,460 | +€1,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,597 | €27,827 | +€19,231 | +224% |
| Other operating charges | 640/8 | €879 | €983 | +€104 | +11.8% |
| Non-recurring operating charges | 66A | - | €11,819 | +€11,819 | |
| Gross operating margin | 9900 | €38,236 | €72,276 | +€34,040 | +89.0% |
| Operating profit (loss) | 9901 | €28,761 | €31,647 | +€2,886 | +10.0% |
| Financial income | 75/76B | €1,028 | €1,128 | +€100 | +9.8% |
| Recurring financial income | 75 | €1,028 | €1,128 | +€100 | +9.8% |
| Financial charges | 65/66B | €1,539 | €1,770 | +€231 | +15.0% |
| Recurring financial charges | 65 | €1,539 | €1,770 | +€231 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €28,249 | €31,004 | +€2,755 | +9.8% |
| Income taxes | 67/77 | €5,770 | €6,265 | +€495 | +8.6% |
| Profit (loss) for the period | 9904 | €22,479 | €24,739 | +€2,260 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,479 | €24,739 | +€2,260 | +10.1% |
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 13 October 2026 via checked.be.