ALPI 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.
ALPI CONSTRUCT
Largest movements
- Cash +€10,003
up €10,003 (+670.2%), from €1,493 to €11,495
mainly Net result for the year (+€37,179) and Current portion of long-term debt (+€15,183)
- Debts after one year -€73,285
down €73,285 (-47.4%), from €154,757 to €81,472
of which Other amounts payable: -€149,600
- Reserves +€37,179
up €37,179 (+17.9%), from €207,245 to €244,424
of which Distributable reserves: +€37,179
- Current portion of long-term debt +€15,183
up €15,183 (+178.6%), from €8,502 to €23,685
- Trade debts +€12,526
new in 2025: €12,526
- Short-term financial debts +€8,100
up €8,100 (+15.3%), from €52,810 to €60,910
- Gross operating margin +€11,646
up €11,646 (+18.8%), from €62,055 to €73,701
- Taxes +€7,225
up €7,225 (+61.8%), from €11,701 to €18,926
- Financial charges -€5,900
down €5,900 (-39.7%), from €14,874 to €8,974
- Depreciation -€1,911
down €1,911 (-32.9%), from €5,810 to €3,899
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 | €681,767 | €687,870 | +€6,103 | +0.9% |
| Fixed assets | 21/28 | €680,274 | €676,375 | -€3,899 | -0.6% |
| Tangible fixed assets | 22/27 | €160,274 | €156,375 | -€3,899 | -2.4% |
| Land and buildings | 22 | €160,274 | €156,375 | -€3,899 | -2.4% |
| Financial fixed assets | 28 | €520,000 | €520,000 | = | 0.0% |
| Current assets | 29/58 | €1,493 | €11,495 | +€10,003 | +670.2% |
| Cash at bank and in hand | 54/58 | €1,493 | €11,495 | +€10,003 | +670.2% |
| Total equity and liabilities | 10/49 | €681,767 | €687,870 | +€6,103 | +0.9% |
| Equity | 10/15 | €453,998 | €491,177 | +€37,179 | +8.2% |
| Contributions | 10/11 | €246,753 | €246,753 | = | 0.0% |
| Capital | 10 | €246,753 | €246,753 | = | 0.0% |
| Issued capital | 100 | €246,753 | €246,753 | = | 0.0% |
| Reserves | 13 | €207,245 | €244,424 | +€37,179 | +17.9% |
| Non-distributable reserves | 130/1 | €24,675 | €24,675 | = | 0.0% |
| Legal reserve | 130 | €24,675 | €24,675 | = | 0.0% |
| Distributable reserves | 133 | €182,570 | €219,749 | +€37,179 | +20.4% |
| Amounts payable | 17/49 | €227,769 | €196,693 | -€31,076 | -13.6% |
| Amounts payable after more than one year | 17 | €154,757 | €81,472 | -€73,285 | -47.4% |
| Financial debts | 170/4 | €5,157 | €81,472 | +€76,315 | +1479.9% |
| Other amounts payable | 178/9 | €149,600 | - | -€149,600 | |
| Amounts payable within one year | 42/48 | €73,012 | €115,221 | +€42,209 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €8,502 | €23,685 | +€15,183 | +178.6% |
| Financial debts | 43 | €52,810 | €60,910 | +€8,100 | +15.3% |
| Other loans | 439 | €52,810 | €60,910 | +€8,100 | +15.3% |
| Trade debts | 44 | - | €12,526 | +€12,526 | |
| Suppliers | 440/4 | - | €12,526 | +€12,526 | |
| Taxes, remuneration and social security | 45 | €11,700 | €18,100 | +€6,400 | +54.7% |
| Taxes | 450/3 | €11,700 | €18,100 | +€6,400 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,810 | €3,899 | -€1,911 | -32.9% |
| Other operating charges | 640/8 | €4,577 | €4,722 | +€144 | +3.2% |
| Gross operating margin | 9900 | €62,055 | €73,701 | +€11,646 | +18.8% |
| Operating profit (loss) | 9901 | €51,667 | €65,080 | +€13,412 | +26.0% |
| Financial charges | 65/66B | €14,874 | €8,974 | -€5,900 | -39.7% |
| Recurring financial charges | 65 | €14,874 | €8,974 | -€5,900 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €36,793 | €56,105 | +€19,312 | +52.5% |
| Income taxes | 67/77 | €11,701 | €18,926 | +€7,225 | +61.8% |
| Profit (loss) for the period | 9904 | €25,092 | €37,179 | +€12,087 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,092 | €37,179 | +€12,087 | +48.2% |
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 2 October 2026 via checked.be.