ALPHA 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.
ALPHA CONSTRUCT
Largest movements
- Tangible fixed assets +€216,992
up €216,992 (+516.6%), from €42,001 to €258,993
of which Land and buildings: +€222,460
- Receivables within one year +€56,923
up €56,923 (+98.0%), from €58,068 to €114,991
of which Trade receivables: +€56,297
- Stocks and contracts -€15,000
down €15,000 (-52.0%), from €28,833 to €13,833
of which Contracts in progress: -€13,500
- Debts after one year +€169,247
up €169,247 (+643.8%), from €26,289 to €195,536
- Trade debts +€65,632
up €65,632 (+2086.0%), from €3,146 to €68,778
- Other debts +€43,687
up €43,687 (+90.3%), from €48,375 to €92,062
- Profit (loss) carried forward -€21,895
down €21,895 (-146.5%), from -€14,948 to -€36,842
- Gross operating margin -€22,959
down €22,959 (-19.3%), from €118,765 to €95,805
- Depreciation +€7,448
up €7,448 (+41.3%), from €18,048 to €25,496
- Staff costs -€2,266
down €2,266 (-2.7%), from €83,810 to €81,544
- Financial charges +€1,787
up €1,787 (+50.9%), from €3,508 to €5,296
- Other operating charges +€1,362
up €1,362 (+34.3%), from €3,975 to €5,337
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 | €136,238 | €398,464 | +€262,225 | +192.5% |
| Fixed assets | 21/28 | €42,456 | €259,448 | +€216,992 | +511.1% |
| Tangible fixed assets | 22/27 | €42,001 | €258,993 | +€216,992 | +516.6% |
| Land and buildings | 22 | - | €222,460 | +€222,460 | |
| Plant, machinery and equipment | 23 | €5,415 | €5,620 | +€204 | +3.8% |
| Furniture and vehicles | 24 | €36,586 | €30,914 | -€5,672 | -15.5% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €93,782 | €139,015 | +€45,233 | +48.2% |
| Stocks and contracts in progress | 3 | €28,833 | €13,833 | -€15,000 | -52.0% |
| Stocks | 30/36 | €4,333 | €2,833 | -€1,500 | -34.6% |
| Contracts in progress | 37 | €24,500 | €11,000 | -€13,500 | -55.1% |
| Amounts receivable within one year | 40/41 | €58,068 | €114,991 | +€56,923 | +98.0% |
| Trade receivables | 40 | €56,620 | €112,917 | +€56,297 | +99.4% |
| Other amounts receivable | 41 | €1,449 | €2,074 | +€626 | +43.2% |
| Cash at bank and in hand | 54/58 | €1,323 | €3,350 | +€2,027 | +153.3% |
| Deferred charges and accrued income | 490/1 | €5,558 | €6,841 | +€1,283 | +23.1% |
| Total equity and liabilities | 10/49 | €136,238 | €398,464 | +€262,225 | +192.5% |
| Equity | 10/15 | €24,201 | €2,307 | -€21,895 | -90.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €20,557 | €20,557 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €18,697 | €18,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,948 | -€36,842 | -€21,895 | -146.5% |
| Amounts payable | 17/49 | €112,037 | €396,157 | +€284,120 | +253.6% |
| Amounts payable after more than one year | 17 | €26,289 | €195,536 | +€169,247 | +643.8% |
| Financial debts | 170/4 | €26,289 | €195,536 | +€169,247 | +643.8% |
| Amounts payable within one year | 42/48 | €84,283 | €199,110 | +€114,827 | +136.2% |
| Current portion of amounts payable after more than one year | 42 | €18,444 | €20,204 | +€1,760 | +9.5% |
| Financial debts | 43 | €6,902 | €6,839 | -€64 | -0.9% |
| Credit institutions | 430/8 | €6,902 | €6,839 | -€64 | -0.9% |
| Trade debts | 44 | €3,146 | €68,778 | +€65,632 | +2086.0% |
| Suppliers | 440/4 | €3,146 | €68,778 | +€65,632 | +2086.0% |
| Advances received on contracts in progress | 46 | €37 | €0 | -€37 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,378 | €11,227 | +€3,849 | +52.2% |
| Taxes | 450/3 | €739 | €1,512 | +€774 | +104.8% |
| Remuneration and social security | 454/9 | €6,639 | €9,715 | +€3,075 | +46.3% |
| Other amounts payable | 47/48 | €48,375 | €92,062 | +€43,687 | +90.3% |
| Accrued charges and deferred income | 492/3 | €1,465 | €1,511 | +€46 | +3.1% |
| Remuneration, social security and pensions | 62 | €83,810 | €81,544 | -€2,266 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,048 | €25,496 | +€7,448 | +41.3% |
| Other operating charges | 640/8 | €3,975 | €5,337 | +€1,362 | +34.3% |
| Gross operating margin | 9900 | €118,765 | €95,805 | -€22,959 | -19.3% |
| Operating profit (loss) | 9901 | €12,932 | -€16,571 | -€29,503 | |
| Financial income | 75/76B | €209 | €37 | -€172 | -82.3% |
| Recurring financial income | 75 | €209 | €37 | -€172 | -82.3% |
| Financial charges | 65/66B | €3,508 | €5,296 | +€1,787 | +50.9% |
| Recurring financial charges | 65 | €3,508 | €5,296 | +€1,787 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €9,632 | -€21,830 | -€31,462 | |
| Income taxes | 67/77 | €126 | €65 | -€61 | -48.7% |
| Profit (loss) for the period | 9904 | €9,506 | -€21,895 | -€31,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,506 | -€21,895 | -€31,401 |
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 30 September 2026 via checked.be.