Alex Constructions: 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.
Alex Constructions
Largest movements
- Stocks and contracts +€16,241
new in 2025: €16,241
- Receivables within one year -€12,958
down €12,958 (-21.9%), from €59,099 to €46,141
of which Trade receivables: -€7,789
- Cash +€6,418
up €6,418 (+29.8%), from €21,504 to €27,921
mainly Receivables within one year (+€12,958) and Trade debts (+€6,641)
- Tangible fixed assets -€5,361
down €5,361 (-22.2%), from €24,148 to €18,787
of which Furniture and vehicles: -€5,018
- Profit (loss) carried forward -€7,684
new in 2025: -€7,684
- Trade debts +€6,641
up €6,641 (+109%), from €6,069 to €12,710
- Other debts +€4,577
up €4,577 (+42.6%), from €10,741 to €15,318
- Gross operating margin -€58,058
down €58,058, from €57,890 to -€168
- Taxes -€15,196
no longer reported in 2025 (was €15,196)
- Depreciation +€3,899
up €3,899 (+267%), from €1,461 to €5,361
- Other operating charges +€1,301
up €1,301 (+225%), from €577 to €1,879
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 | €105,556 | €109,090 | +€3,534 | +3.3% |
| Fixed assets | 21/28 | €24,148 | €18,787 | -€5,361 | -22.2% |
| Tangible fixed assets | 22/27 | €24,148 | €18,787 | -€5,361 | -22.2% |
| Plant, machinery and equipment | 23 | €810 | €467 | -€343 | -42.4% |
| Furniture and vehicles | 24 | €23,338 | €18,320 | -€5,018 | -21.5% |
| Current assets | 29/58 | €81,407 | €90,302 | +€8,895 | +10.9% |
| Stocks and contracts in progress | 3 | - | €16,241 | +€16,241 | |
| Stocks | 30/36 | - | €16,241 | +€16,241 | |
| Amounts receivable within one year | 40/41 | €59,099 | €46,141 | -€12,958 | -21.9% |
| Trade receivables | 40 | €45,212 | €37,423 | -€7,789 | -17.2% |
| Other amounts receivable | 41 | €13,887 | €8,718 | -€5,169 | -37.2% |
| Cash at bank and in hand | 54/58 | €21,504 | €27,921 | +€6,418 | +29.8% |
| Deferred charges and accrued income | 490/1 | €805 | - | -€805 | |
| Total equity and liabilities | 10/49 | €105,556 | €109,090 | +€3,534 | +3.3% |
| Equity | 10/15 | €88,746 | €81,062 | -€7,684 | -8.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €86,746 | €86,746 | = | 0.0% |
| Distributable reserves | 133 | €86,746 | €86,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,684 | -€7,684 | |
| Amounts payable | 17/49 | €16,810 | €28,028 | +€11,218 | +66.7% |
| Amounts payable within one year | 42/48 | €16,810 | €28,028 | +€11,218 | +66.7% |
| Trade debts | 44 | €6,069 | €12,710 | +€6,641 | +109% |
| Suppliers | 440/4 | €6,069 | €12,710 | +€6,641 | +109% |
| Other amounts payable | 47/48 | €10,741 | €15,318 | +€4,577 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,461 | €5,361 | +€3,899 | +267% |
| Other operating charges | 640/8 | €577 | €1,879 | +€1,301 | +225% |
| Gross operating margin | 9900 | €57,890 | -€168 | -€58,058 | |
| Operating profit (loss) | 9901 | €55,851 | -€7,408 | -€63,259 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €205 | €277 | +€72 | +35.2% |
| Recurring financial charges | 65 | €205 | €277 | +€72 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | €55,647 | -€7,684 | -€63,330 | |
| Income taxes | 67/77 | €15,196 | - | -€15,196 | |
| Profit (loss) for the period | 9904 | €40,451 | -€7,684 | -€48,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,451 | -€7,684 | -€48,135 |
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 17 October 2026 via checked.be.