AL CONSTRUCTION: 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.
AL CONSTRUCTION
Largest movements
- Cash +€18,512
up €18,512 (+8.3%), from €224,244 to €242,756
mainly Net result for the year (+€13,892) and Other debts (+€10,829)
- Receivables within one year +€14,471
up €14,471 (+18.9%), from €76,674 to €91,145
of which Trade receivables: +€22,022
- Tangible fixed assets -€6,489
down €6,489 (-43.7%), from €14,849 to €8,360
of which Plant, machinery and equipment: -€3,840
- Other debts +€10,829
up €10,829 (+2,799%), from €387 to €11,216
- Reserves +€10,000
up €10,000 (+45.7%), from €21,860 to €31,860
of which Distributable reserves: +€10,000
- Trade debts +€7,430
up €7,430 (+2,870%), from €259 to €7,689
- Tax, wage and social debts -€5,733
down €5,733 (-16.2%), from €35,321 to €29,588
of which Taxes: -€3,833
- Profit (loss) carried forward +€3,892
up €3,892 (+1.6%), from €243,733 to €247,625
- Gross operating margin -€19,337
down €19,337 (-40.5%), from €47,801 to €28,464
- Depreciation -€9,263
down €9,263 (-52.4%), from €17,688 to €8,424
- Taxes -€3,277
down €3,277 (-38.0%), from €8,620 to €5,342
- Other operating charges -€706
down €706 (-49.7%), from €1,421 to €714
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 | €320,159 | €346,578 | +€26,419 | +8.3% |
| Fixed assets | 21/28 | €14,945 | €8,456 | -€6,489 | -43.4% |
| Tangible fixed assets | 22/27 | €14,849 | €8,360 | -€6,489 | -43.7% |
| Plant, machinery and equipment | 23 | €9,392 | €5,552 | -€3,840 | -40.9% |
| Furniture and vehicles | 24 | €5,457 | €2,808 | -€2,649 | -48.5% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €305,215 | €338,122 | +€32,908 | +10.8% |
| Amounts receivable within one year | 40/41 | €76,674 | €91,145 | +€14,471 | +18.9% |
| Trade receivables | 40 | €64,210 | €86,232 | +€22,022 | +34.3% |
| Other amounts receivable | 41 | €12,463 | €4,913 | -€7,551 | -60.6% |
| Cash at bank and in hand | 54/58 | €224,244 | €242,756 | +€18,512 | +8.3% |
| Deferred charges and accrued income | 490/1 | €4,297 | €4,221 | -€75 | -1.7% |
| Total equity and liabilities | 10/49 | €320,159 | €346,578 | +€26,419 | +8.3% |
| Equity | 10/15 | €284,193 | €298,085 | +€13,892 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €31,860 | +€10,000 | +45.7% |
| 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 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Profit (loss) carried forward | 14 | €243,733 | €247,625 | +€3,892 | +1.6% |
| Amounts payable | 17/49 | €35,967 | €48,493 | +€12,526 | +34.8% |
| Amounts payable within one year | 42/48 | €35,967 | €48,493 | +€12,526 | +34.8% |
| Trade debts | 44 | €259 | €7,689 | +€7,430 | +2,870% |
| Suppliers | 440/4 | €259 | €7,689 | +€7,430 | +2,870% |
| Taxes, remuneration and social security | 45 | €35,321 | €29,588 | -€5,733 | -16.2% |
| Taxes | 450/3 | €20,221 | €16,388 | -€3,833 | -19.0% |
| Remuneration and social security | 454/9 | €15,100 | €13,200 | -€1,900 | -12.6% |
| Other amounts payable | 47/48 | €387 | €11,216 | +€10,829 | +2,799% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,688 | €8,424 | -€9,263 | -52.4% |
| Other operating charges | 640/8 | €1,421 | €714 | -€706 | -49.7% |
| Gross operating margin | 9900 | €47,801 | €28,464 | -€19,337 | -40.5% |
| Operating profit (loss) | 9901 | €28,692 | €19,326 | -€9,367 | -32.6% |
| Financial charges | 65/66B | €162 | €91 | -€71 | -43.9% |
| Recurring financial charges | 65 | €162 | €91 | -€71 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €28,530 | €19,235 | -€9,296 | -32.6% |
| Income taxes | 67/77 | €8,620 | €5,342 | -€3,277 | -38.0% |
| Profit (loss) for the period | 9904 | €19,910 | €13,892 | -€6,018 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,910 | €13,892 | -€6,018 | -30.2% |
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 14 October 2026 via checked.be.