ALECTRO: 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.
ALECTRO
Largest movements
- Receivables within one year +€55,669
up €55,669 (+102%), from €54,776 to €110,445
of which Other amounts receivable: +€34,680
- Cash +€34,809
up €34,809 (+67.7%), from €51,429 to €86,237
mainly Net result for the year (+€89,161) and Trade debts (+€16,311)
- Reserves +€89,161
up €89,161 (+228%), from €39,130 to €128,291
of which Distributable reserves: +€89,161
- Trade debts +€16,311
up €16,311 (+98.7%), from €16,522 to €32,834
- Tax, wage and social debts -€15,620
down €15,620 (-47.7%), from €32,748 to €17,128
of which Taxes: -€9,665
- Gross operating margin +€93,341
up €93,341 (+107%), from €87,526 to €180,867
- Taxes +€24,602
up €24,602 (+230%), from €10,715 to €35,317
- Staff costs +€1,900
up €1,900 (+3.6%), from €53,458 to €55,358
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 | €109,595 | €199,448 | +€89,853 | +82.0% |
| Fixed assets | 21/28 | €1,975 | €1,317 | -€658 | -33.3% |
| Tangible fixed assets | 22/27 | €1,885 | €1,227 | -€658 | -34.9% |
| Furniture and vehicles | 24 | €1,885 | €1,227 | -€658 | -34.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €107,620 | €198,131 | +€90,511 | +84.1% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,776 | €110,445 | +€55,669 | +102% |
| Trade receivables | 40 | €27,845 | €48,833 | +€20,988 | +75.4% |
| Other amounts receivable | 41 | €26,931 | €61,612 | +€34,680 | +129% |
| Cash at bank and in hand | 54/58 | €51,429 | €86,237 | +€34,809 | +67.7% |
| Deferred charges and accrued income | 490/1 | €415 | €449 | +€34 | +8.1% |
| Total equity and liabilities | 10/49 | €109,595 | €199,448 | +€89,853 | +82.0% |
| Equity | 10/15 | €60,325 | €149,487 | +€89,161 | +148% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €39,130 | €128,291 | +€89,161 | +228% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €37,271 | €126,432 | +€89,161 | +239% |
| Profit (loss) carried forward | 14 | €2,603 | €2,603 | = | 0.0% |
| Amounts payable | 17/49 | €49,270 | €49,961 | +€691 | +1.4% |
| Amounts payable within one year | 42/48 | €49,270 | €49,961 | +€691 | +1.4% |
| Trade debts | 44 | €16,522 | €32,834 | +€16,311 | +98.7% |
| Suppliers | 440/4 | €16,522 | €32,834 | +€16,311 | +98.7% |
| Taxes, remuneration and social security | 45 | €32,748 | €17,128 | -€15,620 | -47.7% |
| Taxes | 450/3 | €11,096 | €1,431 | -€9,665 | -87.1% |
| Remuneration and social security | 454/9 | €21,652 | €15,697 | -€5,955 | -27.5% |
| Remuneration, social security and pensions | 62 | €53,458 | €55,358 | +€1,900 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110 | €658 | +€549 | +500% |
| Other operating charges | 640/8 | €2,375 | €1,397 | -€978 | -41.2% |
| Gross operating margin | 9900 | €87,526 | €180,867 | +€93,341 | +107% |
| Operating profit (loss) | 9901 | €31,583 | €123,453 | +€91,870 | +291% |
| Financial income | 75/76B | €1,130 | €1,749 | +€619 | +54.8% |
| Recurring financial income | 75 | €1,130 | €1,749 | +€619 | +54.8% |
| Financial charges | 65/66B | €767 | €723 | -€44 | -5.7% |
| Recurring financial charges | 65 | €767 | €723 | -€44 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €31,946 | €124,479 | +€92,533 | +290% |
| Income taxes | 67/77 | €10,715 | €35,317 | +€24,602 | +230% |
| Profit (loss) for the period | 9904 | €21,231 | €89,161 | +€67,931 | +320% |
| Profit (loss) for the period to be appropriated | 9905 | €21,231 | €89,161 | +€67,931 | +320% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.