Aleph Technologies: 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.
Aleph Technologies
Largest movements
- Cash -€32,880
down €32,880 (-39.2%), from €83,857 to €50,977
mainly Contributions, distributions and other (-€74,971) and Tax, wage and social debts (-€40,929)
- Receivables within one year +€25,026
up €25,026 (+28.3%), from €88,327 to €113,353
of which Other amounts receivable: +€40,620
- Tangible fixed assets -€17,254
down €17,254 (-1.4%), from €1.2m to €1.2m
of which Land and buildings: -€29,752
- Other debts +€74,971
new in 2025: €74,971
- Tax, wage and social debts -€40,929
down €40,929 (-43.7%), from €93,726 to €52,797
of which Taxes: -€43,343
- Reserves -€37,677
down €37,677 (-7.6%), from €495,464 to €457,787
of which Distributable reserves: -€37,677
- Debts after one year -€34,560
down €34,560 (-4.8%), from €724,373 to €689,813
- Short-term financial debts +€14,226
up €14,226 (+152.4%), from €9,333 to €23,559
- Gross operating margin -€79,101
down €79,101 (-30.7%), from €257,912 to €178,810
- Taxes -€33,161
down €33,161 (-49.3%), from €67,285 to €34,125
- Depreciation +€4,032
up €4,032 (+13.5%), from €29,902 to €33,933
- Other operating charges +€2,717
up €2,717 (+5.2%), from €52,091 to €54,808
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,408,621 | €1,379,167 | -€29,455 | -2.1% |
| Fixed assets | 21/28 | €1,225,948 | €1,208,693 | -€17,254 | -1.4% |
| Tangible fixed assets | 22/27 | €1,225,918 | €1,208,663 | -€17,254 | -1.4% |
| Land and buildings | 22 | €1,217,614 | €1,187,862 | -€29,752 | -2.4% |
| Plant, machinery and equipment | 23 | €7,011 | €20,801 | +€13,790 | +196.7% |
| Furniture and vehicles | 24 | €1,292 | - | -€1,292 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €182,673 | €170,473 | -€12,200 | -6.7% |
| Amounts receivable after more than one year | 29 | €8,414 | €4,432 | -€3,982 | -47.3% |
| Trade receivables | 290 | €8,414 | €4,432 | -€3,982 | -47.3% |
| Amounts receivable within one year | 40/41 | €88,327 | €113,353 | +€25,026 | +28.3% |
| Trade receivables | 40 | €38,100 | €22,506 | -€15,594 | -40.9% |
| Other amounts receivable | 41 | €50,227 | €90,846 | +€40,620 | +80.9% |
| Cash at bank and in hand | 54/58 | €83,857 | €50,977 | -€32,880 | -39.2% |
| Deferred charges and accrued income | 490/1 | €2,076 | €1,711 | -€364 | -17.6% |
| Total equity and liabilities | 10/49 | €1,408,621 | €1,379,167 | -€29,455 | -2.1% |
| Equity | 10/15 | €515,383 | €477,707 | -€37,677 | -7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €495,464 | €457,787 | -€37,677 | -7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €493,604 | €455,927 | -€37,677 | -7.6% |
| Profit (loss) carried forward | 14 | €7,519 | €7,519 | = | 0.0% |
| Amounts payable | 17/49 | €893,238 | €901,460 | +€8,222 | +0.9% |
| Amounts payable after more than one year | 17 | €724,373 | €689,813 | -€34,560 | -4.8% |
| Financial debts | 170/4 | €724,373 | €689,813 | -€34,560 | -4.8% |
| Amounts payable within one year | 42/48 | €168,865 | €211,647 | +€42,782 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €53,261 | €54,560 | +€1,299 | +2.4% |
| Financial debts | 43 | €9,333 | €23,559 | +€14,226 | +152.4% |
| Credit institutions | 430/8 | €9,333 | €23,559 | +€14,226 | +152.4% |
| Trade debts | 44 | €12,544 | €5,760 | -€6,785 | -54.1% |
| Suppliers | 440/4 | €12,544 | €5,760 | -€6,785 | -54.1% |
| Taxes, remuneration and social security | 45 | €93,726 | €52,797 | -€40,929 | -43.7% |
| Taxes | 450/3 | €93,726 | €50,384 | -€43,343 | -46.2% |
| Remuneration and social security | 454/9 | - | €2,414 | +€2,414 | |
| Other amounts payable | 47/48 | - | €74,971 | +€74,971 | |
| Non-recurring operating income | 76A | - | €60 | +€60 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,902 | €33,933 | +€4,032 | +13.5% |
| Other operating charges | 640/8 | €52,091 | €54,808 | +€2,717 | +5.2% |
| Gross operating margin | 9900 | €257,912 | €178,810 | -€79,101 | -30.7% |
| Operating profit (loss) | 9901 | €175,919 | €90,069 | -€85,850 | -48.8% |
| Financial income | 75/76B | €3,423 | €3,143 | -€280 | -8.2% |
| Recurring financial income | 75 | €3,414 | €3,143 | -€271 | -7.9% |
| Non-recurring financial income | 76B | €9 | - | -€9 | |
| Financial charges | 65/66B | €21,820 | €21,793 | -€27 | -0.1% |
| Recurring financial charges | 65 | €21,719 | €21,696 | -€23 | -0.1% |
| Non-recurring financial charges | 66B | €101 | €97 | -€4 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €157,522 | €71,419 | -€86,103 | -54.7% |
| Income taxes | 67/77 | €67,285 | €34,125 | -€33,161 | -49.3% |
| Profit (loss) for the period | 9904 | €90,236 | €37,294 | -€52,942 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,236 | €37,294 | -€52,942 | -58.7% |
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 4 October 2026 via checked.be.