ALELEK: what changed
What changed
ALELEK
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
filed annual accounts (NBB)
Net result for the year
€89,502
2025 · €116,773-€27,271
Equity
€5.0m
2025 · €4.9m+€89,502
Cash
€408,391
2025 · €608,275-€199,884
Balance sheet total
€13.9m
2025 · €12.1m+€1.8m
Largest movements
Assets
- Stocks and contracts +€1.3m
up €1.3m (+40.5%), from €3.1m to €4.3m
- Receivables within one year +€706,753
up €706,753 (+10.1%), from €7.0m to €7.7m
of which Other amounts receivable: +€1.4m
- Cash -€199,884
down €199,884 (-32.9%), from €608,275 to €408,391
mainly Stocks and contracts (-€1.3m) and Receivables within one year (-€706,753)
Equity and liabilities
- Short-term financial debts +€2.0m
up €2.0m (+87.6%), from €2.3m to €4.3m
- Trade debts +€731,901
up €731,901 (+35.1%), from €2.1m to €2.8m
- Provisions -€700,795
no longer reported in 2026 (was €700,795)
- Debts after one year -€433,325
down €433,325 (-50.4%), from €860,399 to €427,074
- Other debts +€289,045
up €289,045 (+58.1%), from €497,143 to €786,188
Income statement
- Goods and materials -€1.7m
down €1.7m (-7.6%), from €21.7m to €20.1m
of which Change in stocks: decrease (increase): -€2.1m
- Turnover -€704,947
down €704,947 (-2.6%), from €27.0m to €26.3m
- Write-downs +€641,451
new in 2026: €641,451
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€116,773
Turnover
-€704,947
Other operating income
+€149,686
Goods and materials
+€1.7m
Services and other goods
-€208,048
Staff costs
-€105,999
Depreciation
-€33,623
Write-downs
-€641,451
Other operating charges
-€538
Other operating items
+€10,929
Financial income
-€113,600
Financial charges
+€410
Taxes
-€36,209
Result 2026
€89,502
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.5m
Investment
-€235,205
Financing
+€1.5m
Cash 2025
€608,275
From operations (derived)
-€1.5m
Net result for the year
+€89,502
Depreciation
+€208,585
Stocks and contracts
-€1.3m
Receivables within one year
-€706,753
Deferred charges and accrued income
-€10,577
Provisions
-€700,795
Trade debts
+€731,901
Tax, wage and social debts
-€16,250
Other debts
+€289,045
Accrued charges and deferred income
-€116,747
Investment (derived)
-€235,205
Investment in fixed assets (net)
-€235,205
Financing
+€1.5m
Debts after one year
-€433,325
Current portion of long-term debt
-€35,277
Short-term financial debts
+€2.0m
Contributions, distributions and other
-€0
Cash 2026
€408,391
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,139,919 | €13,936,329 | +€1.8m | +14.8% |
| Fixed assets | 21/28 | €1,425,886 | €1,452,506 | +€26,620 | +1.9% |
| Intangible fixed assets | 21 | €102,384 | €90,506 | -€11,878 | -11.6% |
| Tangible fixed assets | 22/27 | €706,887 | €745,384 | +€38,497 | +5.4% |
| Land and buildings | 22 | €16,997 | €103,235 | +€86,238 | +507% |
| Plant, machinery and equipment | 23 | €84,265 | €101,452 | +€17,187 | +20.4% |
| Furniture and vehicles | 24 | €492,752 | €441,519 | -€51,233 | -10.4% |
| Other tangible fixed assets | 26 | €112,873 | €99,178 | -€13,695 | -12.1% |
| Financial fixed assets | 28 | €616,615 | €616,615 | = | 0.0% |
| Affiliated companies | 280/1 | €608,615 | €608,615 | = | 0.0% |
| Participating interests | 280 | €608,615 | €608,615 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,000 | €8,000 | = | 0.0% |
| Shares | 284 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €10,714,033 | €12,483,823 | +€1.8m | +16.5% |
| Stocks and contracts in progress | 3 | €3,093,409 | €4,345,754 | +€1.3m | +40.5% |
| Stocks | 30/36 | €3,093,409 | €4,345,754 | +€1.3m | +40.5% |
| Goods purchased for resale | 34 | €3,093,409 | €4,345,754 | +€1.3m | +40.5% |
| Amounts receivable within one year | 40/41 | €6,968,361 | €7,675,114 | +€706,753 | +10.1% |
| Trade receivables | 40 | €6,882,239 | €6,163,805 | -€718,434 | -10.4% |
| Other amounts receivable | 41 | €86,122 | €1,511,308 | +€1.4m | +1,655% |
| Cash at bank and in hand | 54/58 | €608,275 | €408,391 | -€199,884 | -32.9% |
| Deferred charges and accrued income | 490/1 | €43,988 | €54,565 | +€10,577 | +24.0% |
| Total equity and liabilities | 10/49 | €12,139,919 | €13,936,329 | +€1.8m | +14.8% |
| Equity | 10/15 | €4,946,013 | €5,035,515 | +€89,502 | +1.8% |
| Contributions | 10/11 | €696,500 | €696,500 | = | 0.0% |
| Capital | 10 | €696,500 | €696,500 | = | 0.0% |
| Issued capital | 100 | €696,500 | €696,500 | = | 0.0% |
| Reserves | 13 | €4,249,513 | €4,339,015 | +€89,502 | +2.1% |
| Non-distributable reserves | 130/1 | €46,099 | €46,099 | -€0 | 0.0% |
| Legal reserve | 130 | €46,099 | €46,099 | -€0 | 0.0% |
| Distributable reserves | 133 | €4,203,414 | €4,292,917 | +€89,503 | +2.1% |
| Provisions and deferred taxes | 16 | €700,795 | - | -€700,795 | |
| Provisions for liabilities and charges | 160/5 | €700,795 | - | -€700,795 | |
| Other liabilities and charges | 164/5 | €700,795 | - | -€700,795 | |
| Amounts payable | 17/49 | €6,493,111 | €8,900,813 | +€2.4m | +37.1% |
| Amounts payable after more than one year | 17 | €860,399 | €427,074 | -€433,325 | -50.4% |
| Financial debts | 170/4 | €860,399 | €427,074 | -€433,325 | -50.4% |
| Credit institutions | 173 | €230,399 | €197,074 | -€33,325 | -14.5% |
| Other loans | 174 | €630,000 | €230,000 | -€400,000 | -63.5% |
| Amounts payable within one year | 42/48 | €5,515,965 | €8,473,739 | +€3.0m | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €188,505 | €153,228 | -€35,277 | -18.7% |
| Financial debts | 43 | €2,270,322 | €4,258,677 | +€2.0m | +87.6% |
| Credit institutions | 430/8 | €2,270,322 | €4,258,677 | +€2.0m | +87.6% |
| Trade debts | 44 | €2,082,996 | €2,814,897 | +€731,901 | +35.1% |
| Suppliers | 440/4 | €2,082,996 | €2,814,897 | +€731,901 | +35.1% |
| Taxes, remuneration and social security | 45 | €476,999 | €460,749 | -€16,250 | -3.4% |
| Taxes | 450/3 | €68,418 | €89,680 | +€21,262 | +31.1% |
| Remuneration and social security | 454/9 | €408,581 | €371,069 | -€37,512 | -9.2% |
| Other amounts payable | 47/48 | €497,143 | €786,188 | +€289,045 | +58.1% |
| Accrued charges and deferred income | 492/3 | €116,747 | - | -€116,747 | |
| Operating income | 70/76A | €27,047,435 | €26,490,675 | -€556,760 | -2.1% |
| Turnover | 70 | €27,043,478 | €26,338,531 | -€704,947 | -2.6% |
| Other operating income | 74 | €2,457 | €152,143 | +€149,686 | +6,092% |
| Non-recurring operating income | 76A | €1,500 | €0 | -€1,500 | -100% |
| Operating charges | 60/66A | €26,876,131 | €26,197,243 | -€678,888 | -2.5% |
| Goods for resale, raw materials and consumables | 60 | €21,713,704 | €20,057,585 | -€1.7m | -7.6% |
| Purchases | 600/8 | €20,910,933 | €21,309,931 | +€398,998 | +1.9% |
| Change in stocks: decrease (increase) | 609 | €802,771 | -€1,252,345 | -€2.1m | |
| Services and other goods | 61 | €2,090,093 | €2,298,141 | +€208,048 | +10.0% |
| Remuneration, social security and pensions | 62 | €2,842,187 | €2,948,186 | +€105,999 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,962 | €208,585 | +€33,623 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €641,451 | +€641,451 | |
| Other operating charges | 640/8 | €42,756 | €43,294 | +€538 | +1.3% |
| Non-recurring operating charges | 66A | €12,429 | €0 | -€12,429 | -100% |
| Operating profit (loss) | 9901 | €171,304 | €293,432 | +€122,128 | +71.3% |
| Financial income | 75/76B | €145,064 | €31,464 | -€113,600 | -78.3% |
| Recurring financial income | 75 | €145,064 | €31,464 | -€113,600 | -78.3% |
| Income from financial fixed assets | 750 | €145,064 | €31,464 | -€113,600 | -78.3% |
| Financial charges | 65/66B | €146,124 | €145,714 | -€410 | -0.3% |
| Recurring financial charges | 65 | €146,124 | €145,714 | -€410 | -0.3% |
| Debt charges | 650 | €146,124 | €145,714 | -€410 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €170,244 | €179,183 | +€8,939 | +5.3% |
| Income taxes | 67/77 | €53,471 | €89,680 | +€36,209 | +67.7% |
| Taxes | 670/3 | €53,471 | €89,680 | +€36,209 | +67.7% |
| Profit (loss) for the period | 9904 | €116,773 | €89,502 | -€27,271 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,773 | €89,502 | -€27,271 | -23.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.