ALIEVCONSTRUCT: 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.
ALIEVCONSTRUCT
Largest movements
- Stocks and contracts -€1.4m
down €1.4m (-99.7%), from €1.4m to €3,650
- Cash +€122,448
up €122,448 (+390%), from €31,377 to €153,825
mainly Stocks and contracts (+€1.4m) and Net result for the year (+€47,123)
- Current investments +€70,000
new in 2025: €70,000
- Tangible fixed assets +€48,774
up €48,774 (+88.3%), from €55,257 to €104,031
of which Furniture and vehicles: +€51,160
- Receivables within one year -€26,208
down €26,208 (-79.0%), from €33,193 to €6,985
of which Other amounts receivable: -€23,208
- Debts after one year -€1.1m
no longer reported in 2025 (was €1.1m)
- Other debts -€302,159
down €302,159 (-78.3%), from €385,862 to €83,703
- Profit (loss) carried forward +€47,123
up €47,123 (+361%), from €13,058 to €60,181
- Accrued charges and deferred income +€44,781
up €44,781 (+1,204%), from €3,719 to €48,500
- Trade debts +€38,218
up €38,218 (+202%), from €18,903 to €57,121
- Gross operating margin +€24,816
up €24,816 (+32.5%), from €76,468 to €101,283
- Financial charges -€19,895
down €19,895 (-48.7%), from €40,860 to €20,965
- Taxes +€3,788
up €3,788 (+835%), from €454 to €4,242
- Depreciation +€2,203
up €2,203 (+10.7%), from €20,616 to €22,818
- Other operating charges +€1,066
up €1,066 (+36.3%), from €2,934 to €4,000
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 | €1,561,028 | €340,934 | -€1.2m | -78.2% |
| Fixed assets | 21/28 | €55,257 | €104,031 | +€48,774 | +88.3% |
| Tangible fixed assets | 22/27 | €55,257 | €104,031 | +€48,774 | +88.3% |
| Plant, machinery and equipment | 23 | €5,644 | €3,258 | -€2,386 | -42.3% |
| Furniture and vehicles | 24 | €49,614 | €100,773 | +€51,160 | +103% |
| Current assets | 29/58 | €1,505,771 | €236,902 | -€1.3m | -84.3% |
| Stocks and contracts in progress | 3 | €1,439,176 | €3,650 | -€1.4m | -99.7% |
| Stocks | 30/36 | €1,439,176 | €3,650 | -€1.4m | -99.7% |
| Amounts receivable within one year | 40/41 | €33,193 | €6,985 | -€26,208 | -79.0% |
| Trade receivables | 40 | €9,426 | €6,426 | -€3,000 | -31.8% |
| Other amounts receivable | 41 | €23,767 | €559 | -€23,208 | -97.6% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €31,377 | €153,825 | +€122,448 | +390% |
| Deferred charges and accrued income | 490/1 | €2,025 | €2,442 | +€416 | +20.6% |
| Total equity and liabilities | 10/49 | €1,561,028 | €340,934 | -€1.2m | -78.2% |
| Equity | 10/15 | €83,180 | €130,303 | +€47,123 | +56.7% |
| Contributions | 10/11 | €68,262 | €68,262 | = | 0.0% |
| Contributions outside capital | 11 | €68,262 | €68,262 | = | 0.0% |
| Other | 1109/19 | €68,262 | €68,262 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,058 | €60,181 | +€47,123 | +361% |
| Amounts payable | 17/49 | €1,477,849 | €210,630 | -€1.3m | -85.7% |
| Amounts payable after more than one year | 17 | €1,064,437 | - | -€1.1m | |
| Financial debts | 170/4 | €1,064,437 | - | -€1.1m | |
| Amounts payable within one year | 42/48 | €409,693 | €162,130 | -€247,563 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €4,324 | - | -€4,324 | |
| Trade debts | 44 | €18,903 | €57,121 | +€38,218 | +202% |
| Suppliers | 440/4 | €18,903 | €57,121 | +€38,218 | +202% |
| Taxes, remuneration and social security | 45 | €603 | €21,306 | +€20,703 | +3,433% |
| Taxes | 450/3 | €603 | €21,306 | +€20,703 | +3,433% |
| Other amounts payable | 47/48 | €385,862 | €83,703 | -€302,159 | -78.3% |
| Accrued charges and deferred income | 492/3 | €3,719 | €48,500 | +€44,781 | +1,204% |
| Remuneration, social security and pensions | 62 | €2,354 | €2,246 | -€107 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,616 | €22,818 | +€2,203 | +10.7% |
| Other operating charges | 640/8 | €2,934 | €4,000 | +€1,066 | +36.3% |
| Gross operating margin | 9900 | €76,468 | €101,283 | +€24,816 | +32.5% |
| Operating profit (loss) | 9901 | €50,565 | €72,219 | +€21,654 | +42.8% |
| Financial income | 75/76B | €460 | €111 | -€350 | -76.0% |
| Recurring financial income | 75 | €460 | €111 | -€350 | -76.0% |
| Financial charges | 65/66B | €40,860 | €20,965 | -€19,895 | -48.7% |
| Recurring financial charges | 65 | €40,860 | €20,965 | -€19,895 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €10,165 | €51,365 | +€41,200 | +405% |
| Income taxes | 67/77 | €454 | €4,242 | +€3,788 | +835% |
| Profit (loss) for the period | 9904 | €9,711 | €47,123 | +€37,412 | +385% |
| Profit (loss) for the period to be appropriated | 9905 | €9,711 | €47,123 | +€37,412 | +385% |
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 13 October 2026 via checked.be.