Alec Construct: 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.
Alec Construct
Largest movements
- Tangible fixed assets -€16,488
down €16,488 (-40.7%), from €40,493 to €24,004
of which Furniture and vehicles: -€17,867
- Receivables within one year +€12,217
up €12,217 (+30.7%), from €39,855 to €52,072
of which Trade receivables: +€6,948
- Cash -€3,848
down €3,848 (-25.1%), from €15,324 to €11,476
mainly Debts after one year (-€12,587) and Receivables within one year (-€12,217)
- Deferred charges and accrued income +€1,756
up €1,756 (+129.5%), from €1,356 to €3,112
- Debts after one year -€12,587
down €12,587 (-66.1%), from €19,036 to €6,449
- Trade debts +€8,325
up €8,325 (+27.2%), from €30,577 to €38,902
- Current portion of long-term debt -€4,321
down €4,321 (-25.6%), from €16,908 to €12,587
- Profit (loss) carried forward +€3,080
up €3,080 (+19.2%), from €16,065 to €19,145
- Gross operating margin +€10,524
up €10,524 (+49.8%), from €21,149 to €31,673
- Taxes +€2,216
up €2,216 (+93.7%), from €2,365 to €4,582
- Financial charges +€1,832
up €1,832 (+105.2%), from €1,741 to €3,573
- Depreciation -€1,366
down €1,366 (-6.6%), from €20,790 to €19,425
- Financial income -€823
down €823 (-89.9%), from €915 to €93
of which Non-recurring financial income: -€915
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 | €98,128 | €91,764 | -€6,363 | -6.5% |
| Fixed assets | 21/28 | €41,593 | €25,104 | -€16,488 | -39.6% |
| Tangible fixed assets | 22/27 | €40,493 | €24,004 | -€16,488 | -40.7% |
| Plant, machinery and equipment | 23 | €873 | €2,252 | +€1,379 | +157.9% |
| Furniture and vehicles | 24 | €39,619 | €21,752 | -€17,867 | -45.1% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €56,535 | €66,660 | +€10,125 | +17.9% |
| Amounts receivable within one year | 40/41 | €39,855 | €52,072 | +€12,217 | +30.7% |
| Trade receivables | 40 | €32,443 | €39,391 | +€6,948 | +21.4% |
| Other amounts receivable | 41 | €7,413 | €12,681 | +€5,268 | +71.1% |
| Cash at bank and in hand | 54/58 | €15,324 | €11,476 | -€3,848 | -25.1% |
| Deferred charges and accrued income | 490/1 | €1,356 | €3,112 | +€1,756 | +129.5% |
| Total equity and liabilities | 10/49 | €98,128 | €91,764 | -€6,363 | -6.5% |
| Equity | 10/15 | €22,900 | €25,979 | +€3,080 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €634 | €634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €634 | €634 | = | 0.0% |
| Reserves not available under the articles | 1311 | €634 | €634 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,065 | €19,145 | +€3,080 | +19.2% |
| Amounts payable | 17/49 | €75,228 | €65,785 | -€9,443 | -12.6% |
| Amounts payable after more than one year | 17 | €19,036 | €6,449 | -€12,587 | -66.1% |
| Financial debts | 170/4 | €19,036 | €6,449 | -€12,587 | -66.1% |
| Amounts payable within one year | 42/48 | €56,192 | €59,336 | +€3,144 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €16,908 | €12,587 | -€4,321 | -25.6% |
| Trade debts | 44 | €30,577 | €38,902 | +€8,325 | +27.2% |
| Suppliers | 440/4 | €30,577 | €38,902 | +€8,325 | +27.2% |
| Taxes, remuneration and social security | 45 | €8,707 | €7,847 | -€860 | -9.9% |
| Taxes | 450/3 | €8,707 | €6,947 | -€1,760 | -20.2% |
| Remuneration and social security | 454/9 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,790 | €19,425 | -€1,366 | -6.6% |
| Other operating charges | 640/8 | €862 | €1,106 | +€245 | +28.4% |
| Gross operating margin | 9900 | €21,149 | €31,673 | +€10,524 | +49.8% |
| Operating profit (loss) | 9901 | -€503 | €11,142 | +€11,645 | |
| Financial income | 75/76B | €915 | €93 | -€823 | -89.9% |
| Recurring financial income | 75 | €0 | €93 | +€93 | +925600.0% |
| Non-recurring financial income | 76B | €915 | - | -€915 | |
| Financial charges | 65/66B | €1,741 | €3,573 | +€1,832 | +105.2% |
| Recurring financial charges | 65 | €1,741 | €3,573 | +€1,832 | +105.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,329 | €7,661 | +€8,990 | |
| Income taxes | 67/77 | €2,365 | €4,582 | +€2,216 | +93.7% |
| Profit (loss) for the period | 9904 | -€3,694 | €3,080 | +€6,774 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,694 | €3,080 | +€6,774 |
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 7 October 2026 via checked.be.