ALELEK: what changed
Two fiscal 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.
ALELEK
Largest movements
- Receivables within one year -€108,699
down €108,699 (-22.9%), from €475,481 to €366,782
of which Other amounts receivable: -€137,827
- Tangible fixed assets +€25,690
up €25,690 (+127.9%), from €20,079 to €45,769
of which Furniture and vehicles: +€14,268
- Cash +€19,829
up €19,829 (+10.1%), from €195,694 to €215,523
mainly Net result for the year (+€169,033) and Receivables within one year (+€108,699)
- Trade debts -€214,385
down €214,385 (-74.9%), from €286,060 to €71,675
- Profit (loss) carried forward +€94,033
up €94,033 (+36.0%), from €261,185 to €355,217
- Other debts +€72,455
up €72,455 (+2847.0%), from €2,545 to €75,000
- Short-term financial debts -€15,881
down €15,881 (-100.0%), from €15,881 to €0
- Gross operating margin +€186,404
up €186,404 (+39.8%), from €467,797 to €654,201
- Staff costs +€122,114
up €122,114 (+38.8%), from €315,029 to €437,143
- Taxes +€8,790
up €8,790 (+31.0%), from €28,334 to €37,124
- Depreciation +€7,155
up €7,155 (+217.8%), from €3,284 to €10,439
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.
Cash bridge derived
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 | €706,681 | €641,404 | -€65,277 | -9.2% |
| Fixed assets | 21/28 | €20,079 | €45,769 | +€25,690 | +127.9% |
| Tangible fixed assets | 22/27 | €20,079 | €45,769 | +€25,690 | +127.9% |
| Plant, machinery and equipment | 23 | €2,041 | €13,742 | +€11,701 | +573.3% |
| Furniture and vehicles | 24 | €17,411 | €31,678 | +€14,268 | +81.9% |
| Other tangible fixed assets | 26 | €627 | €348 | -€279 | -44.4% |
| Current assets | 29/58 | €686,602 | €595,635 | -€90,967 | -13.2% |
| Stocks and contracts in progress | 3 | €13,285 | €10,817 | -€2,468 | -18.6% |
| Stocks | 30/36 | €13,285 | €10,817 | -€2,468 | -18.6% |
| Amounts receivable within one year | 40/41 | €475,481 | €366,782 | -€108,699 | -22.9% |
| Trade receivables | 40 | €286,656 | €315,784 | +€29,128 | +10.2% |
| Other amounts receivable | 41 | €188,825 | €50,998 | -€137,827 | -73.0% |
| Cash at bank and in hand | 54/58 | €195,694 | €215,523 | +€19,829 | +10.1% |
| Deferred charges and accrued income | 490/1 | €2,142 | €2,513 | +€371 | +17.3% |
| Total equity and liabilities | 10/49 | €706,681 | €641,404 | -€65,277 | -9.2% |
| Equity | 10/15 | €354,883 | €448,916 | +€94,033 | +26.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €81,299 | €81,299 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,556 | €31,556 | = | 0.0% |
| Distributable reserves | 133 | €49,743 | €49,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | €261,185 | €355,217 | +€94,033 | +36.0% |
| Amounts payable | 17/49 | €351,797 | €192,488 | -€159,310 | -45.3% |
| Amounts payable within one year | 42/48 | €351,797 | €192,488 | -€159,310 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €10,456 | €10,456 | = | 0.0% |
| Financial debts | 43 | €15,881 | €0 | -€15,881 | -100.0% |
| Credit institutions | 430/8 | €15,881 | €0 | -€15,881 | -100.0% |
| Trade debts | 44 | €286,060 | €71,675 | -€214,385 | -74.9% |
| Suppliers | 440/4 | €286,060 | €71,675 | -€214,385 | -74.9% |
| Taxes, remuneration and social security | 45 | €36,855 | €35,357 | -€1,498 | -4.1% |
| Taxes | 450/3 | €16,163 | €35,357 | +€19,194 | +118.7% |
| Remuneration and social security | 454/9 | €20,692 | €0 | -€20,692 | -100.0% |
| Other amounts payable | 47/48 | €2,545 | €75,000 | +€72,455 | +2847.0% |
| Remuneration, social security and pensions | 62 | €315,029 | €437,143 | +€122,114 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,284 | €10,439 | +€7,155 | +217.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €733 | €632 | -€101 | -13.8% |
| Gross operating margin | 9900 | €467,797 | €654,201 | +€186,404 | +39.8% |
| Operating profit (loss) | 9901 | €148,750 | €205,987 | +€57,236 | +38.5% |
| Financial income | 75/76B | €1,220 | €1,922 | +€702 | +57.5% |
| Recurring financial income | 75 | €111 | €4 | -€107 | -96.6% |
| Non-recurring financial income | 76B | €1,109 | €1,918 | +€809 | +73.0% |
| Financial charges | 65/66B | €3,094 | €1,752 | -€1,342 | -43.4% |
| Recurring financial charges | 65 | €3,094 | €1,752 | -€1,342 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €146,877 | €206,157 | +€59,280 | +40.4% |
| Income taxes | 67/77 | €28,334 | €37,124 | +€8,790 | +31.0% |
| Profit (loss) for the period | 9904 | €118,542 | €169,033 | +€50,490 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,542 | €169,033 | +€50,490 | +42.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.