ALECTO: 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.
ALECTO
Largest movements
- Cash +€40,000
up €40,000 (+23.3%), from €171,352 to €211,351
mainly Depreciation (+€40,606) and Receivables within one year (+€18,292)
- Tangible fixed assets -€37,704
down €37,704 (-43.3%), from €87,133 to €49,430
of which Furniture and vehicles: -€24,362
- Receivables within one year -€18,292
down €18,292 (-67.3%), from €27,195 to €8,903
of which Trade receivables: -€17,896
- Current portion of long-term debt -€23,563
down €23,563 (-82.5%), from €28,563 to €5,000
- Reserves +€14,061
up €14,061 (+51.5%), from €27,306 to €41,367
- Debts after one year -€5,000
no longer reported in 2025 (was €5,000)
- Gross operating margin +€18,381
up €18,381 (+45.5%), from €40,388 to €58,769
- Depreciation -€4,029
down €4,029 (-9.0%), from €44,635 to €40,606
- Taxes +€3,209
new in 2025: €3,209
- Other operating charges -€3,112
down €3,112 (-88.6%), from €3,511 to €400
- Financial charges -€700
down €700 (-50.9%), from €1,376 to €676
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 | €291,110 | €276,996 | -€14,114 | -4.8% |
| Fixed assets | 21/28 | €87,133 | €49,430 | -€37,704 | -43.3% |
| Tangible fixed assets | 22/27 | €87,133 | €49,430 | -€37,704 | -43.3% |
| Plant, machinery and equipment | 23 | €38,921 | €25,579 | -€13,342 | -34.3% |
| Furniture and vehicles | 24 | €45,012 | €20,651 | -€24,362 | -54.1% |
| Assets under construction and advance payments | 27 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €203,977 | €227,567 | +€23,590 | +11.6% |
| Stocks and contracts in progress | 3 | €2,414 | €1,481 | -€933 | -38.6% |
| Stocks | 30/36 | €2,414 | €1,481 | -€933 | -38.6% |
| Amounts receivable within one year | 40/41 | €27,195 | €8,903 | -€18,292 | -67.3% |
| Trade receivables | 40 | €21,762 | €3,866 | -€17,896 | -82.2% |
| Other amounts receivable | 41 | €5,433 | €5,038 | -€396 | -7.3% |
| Cash at bank and in hand | 54/58 | €171,352 | €211,351 | +€40,000 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,016 | €5,831 | +€2,815 | +93.3% |
| Total equity and liabilities | 10/49 | €291,110 | €276,996 | -€14,114 | -4.8% |
| Equity | 10/15 | €243,687 | €257,748 | +€14,061 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,306 | €41,367 | +€14,061 | +51.5% |
| Distributable reserves | 133 | €27,306 | €41,367 | +€14,061 | +51.5% |
| Profit (loss) carried forward | 14 | €203,981 | €203,981 | = | 0.0% |
| Amounts payable | 17/49 | €47,423 | €19,248 | -€28,175 | -59.4% |
| Amounts payable after more than one year | 17 | €5,000 | - | -€5,000 | |
| Financial debts | 170/4 | €5,000 | - | -€5,000 | |
| Amounts payable within one year | 42/48 | €42,423 | €19,248 | -€23,175 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €28,563 | €5,000 | -€23,563 | -82.5% |
| Trade debts | 44 | €6,034 | €7,236 | +€1,202 | +19.9% |
| Suppliers | 440/4 | €6,034 | €7,236 | +€1,202 | +19.9% |
| Other amounts payable | 47/48 | €7,827 | €7,012 | -€815 | -10.4% |
| Remuneration, social security and pensions | 62 | €260 | €0 | -€260 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,635 | €40,606 | -€4,029 | -9.0% |
| Other operating charges | 640/8 | €3,511 | €400 | -€3,112 | -88.6% |
| Gross operating margin | 9900 | €40,388 | €58,769 | +€18,381 | +45.5% |
| Operating profit (loss) | 9901 | -€8,018 | €17,763 | +€25,781 | |
| Financial income | 75/76B | €346 | €184 | -€162 | -46.9% |
| Recurring financial income | 75 | €346 | €184 | -€162 | -46.9% |
| Financial charges | 65/66B | €1,376 | €676 | -€700 | -50.9% |
| Recurring financial charges | 65 | €1,376 | €676 | -€700 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,048 | €17,270 | +€26,319 | |
| Income taxes | 67/77 | - | €3,209 | +€3,209 | |
| Profit (loss) for the period | 9904 | -€9,048 | €14,061 | +€23,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,048 | €14,061 | +€23,109 |
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.