ALPHA MAT: what changed
What changed
ALPHA MAT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€46,696
2024 · €47,755-€1,060
Equity
€272,424
2024 · €225,728+€46,696
Cash
€249,113
2024 · €220,042+€29,071
Balance sheet total
€622,950
2024 · €654,718-€31,767
Largest movements
Assets
- Tangible fixed assets -€50,344
down €50,344 (-16.4%), from €306,620 to €256,277
of which Leasing and similar rights: -€36,025
- Cash +€29,071
up €29,071 (+13.2%), from €220,042 to €249,113
mainly Depreciation (+€80,993) and Net result for the year (+€46,696)
- Stocks and contracts -€14,630
down €14,630 (-43.2%), from €33,835 to €19,205
of which Contracts in progress: -€13,000
Equity and liabilities
- Debts after one year -€67,569
down €67,569 (-27.9%), from €241,944 to €174,375
- Profit (loss) carried forward +€46,696
up €46,696 (+22.7%), from €205,268 to €251,964
- Trade debts -€16,586
down €16,586 (-14.4%), from €115,538 to €98,952
- Tax, wage and social debts +€7,944
up €7,944 (+84.1%), from €9,449 to €17,393
of which Taxes: +€4,800
Income statement
- Gross operating margin +€9,695
up €9,695 (+3.5%), from €279,832 to €289,527
- Staff costs +€5,940
up €5,940 (+4.9%), from €122,456 to €128,397
- Depreciation +€4,558
up €4,558 (+6.0%), from €76,435 to €80,993
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€47,755
Gross operating margin
+€9,695
Staff costs
-€5,940
Depreciation
-€4,558
Other operating charges
+€885
Financial income
+€1,266
Financial charges
-€861
Taxes
-€1,547
Result 2025
€46,696
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€124,659
Investment
-€30,784
Financing
-€64,804
Cash 2024
€220,042
From operations (derived)
+€124,659
Net result for the year
+€46,696
Depreciation
+€80,993
Stocks and contracts
+€14,630
Receivables within one year
-€5,134
Deferred charges and accrued income
+€1,133
Trade debts
-€16,586
Tax, wage and social debts
+€7,944
Other debts
-€416
Accrued charges and deferred income
-€4,600
Investment (derived)
-€30,784
Investment in fixed assets (net)
-€30,784
Financing
-€64,804
Debts after one year
-€67,569
Current portion of long-term debt
+€2,555
Short-term financial debts
+€210
Cash 2025
€249,113
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,718 | €622,950 | -€31,767 | -4.9% |
| Fixed assets | 21/28 | €306,879 | €256,671 | -€50,209 | -16.4% |
| Tangible fixed assets | 22/27 | €306,620 | €256,277 | -€50,344 | -16.4% |
| Plant, machinery and equipment | 23 | €13,465 | €5,835 | -€7,630 | -56.7% |
| Furniture and vehicles | 24 | €82,795 | €76,755 | -€6,040 | -7.3% |
| Leasing and similar rights | 25 | €204,036 | €168,011 | -€36,025 | -17.7% |
| Other tangible fixed assets | 26 | €6,324 | €5,676 | -€648 | -10.3% |
| Financial fixed assets | 28 | €259 | €394 | +€135 | +52.1% |
| Current assets | 29/58 | €347,838 | €366,280 | +€18,441 | +5.3% |
| Stocks and contracts in progress | 3 | €33,835 | €19,205 | -€14,630 | -43.2% |
| Stocks | 30/36 | €20,835 | €19,205 | -€1,630 | -7.8% |
| Contracts in progress | 37 | €13,000 | €0 | -€13,000 | -100% |
| Amounts receivable within one year | 40/41 | €78,118 | €83,252 | +€5,134 | +6.6% |
| Trade receivables | 40 | €74,811 | €77,484 | +€2,673 | +3.6% |
| Other amounts receivable | 41 | €3,307 | €5,768 | +€2,460 | +74.4% |
| Cash at bank and in hand | 54/58 | €220,042 | €249,113 | +€29,071 | +13.2% |
| Deferred charges and accrued income | 490/1 | €15,843 | €14,710 | -€1,133 | -7.2% |
| Total equity and liabilities | 10/49 | €654,718 | €622,950 | -€31,767 | -4.9% |
| Equity | 10/15 | €225,728 | €272,424 | +€46,696 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,268 | €251,964 | +€46,696 | +22.7% |
| Amounts payable | 17/49 | €428,990 | €350,527 | -€78,463 | -18.3% |
| Amounts payable after more than one year | 17 | €241,944 | €174,375 | -€67,569 | -27.9% |
| Financial debts | 170/4 | €241,944 | €174,375 | -€67,569 | -27.9% |
| Amounts payable within one year | 42/48 | €182,446 | €176,151 | -€6,294 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €56,645 | €59,199 | +€2,555 | +4.5% |
| Financial debts | 43 | - | €210 | +€210 | |
| Credit institutions | 430/8 | - | €210 | +€210 | |
| Trade debts | 44 | €115,538 | €98,952 | -€16,586 | -14.4% |
| Suppliers | 440/4 | €115,538 | €98,952 | -€16,586 | -14.4% |
| Taxes, remuneration and social security | 45 | €9,449 | €17,393 | +€7,944 | +84.1% |
| Taxes | 450/3 | - | €4,800 | +€4,800 | |
| Remuneration and social security | 454/9 | €9,449 | €12,592 | +€3,143 | +33.3% |
| Other amounts payable | 47/48 | €814 | €398 | -€416 | -51.1% |
| Accrued charges and deferred income | 492/3 | €4,600 | €0 | -€4,600 | -100% |
| Remuneration, social security and pensions | 62 | €122,456 | €128,397 | +€5,940 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,435 | €80,993 | +€4,558 | +6.0% |
| Other operating charges | 640/8 | €5,596 | €4,710 | -€885 | -15.8% |
| Gross operating margin | 9900 | €279,832 | €289,527 | +€9,695 | +3.5% |
| Operating profit (loss) | 9901 | €75,345 | €75,428 | +€82 | +0.1% |
| Financial income | 75/76B | €1,186 | €2,452 | +€1,266 | +107% |
| Recurring financial income | 75 | €1,186 | €2,452 | +€1,266 | +107% |
| Financial charges | 65/66B | €13,906 | €14,767 | +€861 | +6.2% |
| Recurring financial charges | 65 | €13,906 | €14,767 | +€861 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €62,625 | €63,112 | +€487 | +0.8% |
| Income taxes | 67/77 | €14,870 | €16,417 | +€1,547 | +10.4% |
| Profit (loss) for the period | 9904 | €47,755 | €46,696 | -€1,060 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,755 | €46,696 | -€1,060 | -2.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.