ALFASTRUCT: 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.
ALFASTRUCT
Largest movements
- Tangible fixed assets -€23,706
down €23,706 (-37.1%), from €63,862 to €40,155
of which Furniture and vehicles: -€22,500
- Receivables within one year +€17,736
up €17,736 (+25.4%), from €69,784 to €87,519
of which Trade receivables: +€17,832
- Stocks and contracts +€5,203
new in 2025: €5,203
- Deferred charges and accrued income +€1,647
up €1,647 (+234%), from €705 to €2,352
- Debts after one year -€12,172
down €12,172 (-58.4%), from €20,849 to €8,677
- Trade debts +€9,212
up €9,212 (+378%), from €2,439 to €11,651
- Short-term financial debts +€7,303
up €7,303 (+39.2%), from €18,652 to €25,955
- Current portion of long-term debt -€4,712
down €4,712 (-27.9%), from €16,884 to €12,172
- Gross operating margin +€27,810
up €27,810 (+70.6%), from €39,364 to €67,174
- Staff costs +€1,848
up €1,848 (+5.3%), from €34,640 to €36,488
- Other operating charges +€1,082
up €1,082 (+168%), from €643 to €1,725
- Financial charges +€1,063
up €1,063 (+26.7%), from €3,976 to €5,040
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 | €136,830 | €137,312 | +€483 | +0.4% |
| Fixed assets | 21/28 | €64,044 | €40,338 | -€23,706 | -37.0% |
| Tangible fixed assets | 22/27 | €63,862 | €40,155 | -€23,706 | -37.1% |
| Land and buildings | 22 | €15,333 | €14,667 | -€667 | -4.3% |
| Plant, machinery and equipment | 23 | €638 | €99 | -€539 | -84.5% |
| Furniture and vehicles | 24 | €47,890 | €25,390 | -€22,500 | -47.0% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €72,785 | €96,974 | +€24,189 | +33.2% |
| Stocks and contracts in progress | 3 | - | €5,203 | +€5,203 | |
| Stocks | 30/36 | - | €5,203 | +€5,203 | |
| Amounts receivable within one year | 40/41 | €69,784 | €87,519 | +€17,736 | +25.4% |
| Trade receivables | 40 | €46,617 | €64,448 | +€17,832 | +38.3% |
| Other amounts receivable | 41 | €23,167 | €23,071 | -€96 | -0.4% |
| Cash at bank and in hand | 54/58 | €2,297 | €1,900 | -€397 | -17.3% |
| Deferred charges and accrued income | 490/1 | €705 | €2,352 | +€1,647 | +234% |
| Total equity and liabilities | 10/49 | €136,830 | €137,312 | +€483 | +0.4% |
| Equity | 10/15 | €67,396 | €67,612 | +€216 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,996 | €55,212 | +€216 | +0.4% |
| Amounts payable | 17/49 | €69,434 | €69,701 | +€267 | +0.4% |
| Amounts payable after more than one year | 17 | €20,849 | €8,677 | -€12,172 | -58.4% |
| Financial debts | 170/4 | €20,849 | €8,677 | -€12,172 | -58.4% |
| Amounts payable within one year | 42/48 | €48,584 | €61,023 | +€12,439 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €16,884 | €12,172 | -€4,712 | -27.9% |
| Financial debts | 43 | €18,652 | €25,955 | +€7,303 | +39.2% |
| Credit institutions | 430/8 | €18,652 | €25,955 | +€7,303 | +39.2% |
| Trade debts | 44 | €2,439 | €11,651 | +€9,212 | +378% |
| Suppliers | 440/4 | €2,439 | €11,651 | +€9,212 | +378% |
| Taxes, remuneration and social security | 45 | €10,609 | €11,245 | +€636 | +6.0% |
| Taxes | 450/3 | €1,403 | €1,758 | +€355 | +25.3% |
| Remuneration and social security | 454/9 | €9,206 | €9,488 | +€281 | +3.1% |
| Remuneration, social security and pensions | 62 | €34,640 | €36,488 | +€1,848 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,781 | €23,706 | -€75 | -0.3% |
| Other operating charges | 640/8 | €643 | €1,725 | +€1,082 | +168% |
| Gross operating margin | 9900 | €39,364 | €67,174 | +€27,810 | +70.6% |
| Operating profit (loss) | 9901 | -€19,700 | €5,255 | +€24,955 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -73.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -73.5% |
| Financial charges | 65/66B | €3,976 | €5,040 | +€1,063 | +26.7% |
| Recurring financial charges | 65 | €3,976 | €5,040 | +€1,063 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,676 | €216 | +€23,891 | |
| Profit (loss) for the period | 9904 | -€23,676 | €216 | +€23,891 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,676 | €216 | +€23,891 |
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 16 October 2026 via checked.be.