ALRA 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.
ALRA CONSTRUCT
Largest movements
- Cash -€124,937
down €124,937 (-59.5%), from €210,035 to €85,098
mainly Debts after one year (-€210,000) and Deferred charges and accrued income (-€609)
- Tangible fixed assets -€36,367
down €36,367 (-5.0%), from €732,954 to €696,587
of which Land and buildings: -€29,789
- Receivables within one year -€15,797
down €15,797 (-100.0%), from €15,797 to €0
of which Other amounts receivable: -€8,540
- Debts after one year -€210,000
down €210,000 (-26.7%), from €785,450 to €575,450
- Reserves +€29,434
up €29,434 (+19.4%), from €151,430 to €180,864
- Gross operating margin +€35,694
up €35,694 (+58.1%), from €61,456 to €97,150
- Taxes +€11,162
up €11,162 (+255.2%), from €4,373 to €15,536
- Write-downs +€7,281
up €7,281, from -€7,281 to €0
- Other operating charges -€5,891
down €5,891 (-28.1%), from €20,951 to €15,059
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 | €960,206 | €783,715 | -€176,491 | -18.4% |
| Fixed assets | 21/28 | €732,954 | €696,587 | -€36,367 | -5.0% |
| Tangible fixed assets | 22/27 | €732,954 | €696,587 | -€36,367 | -5.0% |
| Land and buildings | 22 | €717,395 | €687,606 | -€29,789 | -4.2% |
| Furniture and vehicles | 24 | €15,559 | €8,981 | -€6,577 | -42.3% |
| Current assets | 29/58 | €227,252 | €87,128 | -€140,124 | -61.7% |
| Amounts receivable within one year | 40/41 | €15,797 | €0 | -€15,797 | -100.0% |
| Trade receivables | 40 | €7,257 | €0 | -€7,257 | -100.0% |
| Other amounts receivable | 41 | €8,540 | €0 | -€8,540 | -100.0% |
| Cash at bank and in hand | 54/58 | €210,035 | €85,098 | -€124,937 | -59.5% |
| Deferred charges and accrued income | 490/1 | €1,420 | €2,029 | +€609 | +42.9% |
| Total equity and liabilities | 10/49 | €960,206 | €783,715 | -€176,491 | -18.4% |
| Equity | 10/15 | €156,430 | €185,864 | +€29,434 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €151,430 | €180,864 | +€29,434 | +19.4% |
| Distributable reserves | 133 | €151,430 | €180,864 | +€29,434 | +19.4% |
| Amounts payable | 17/49 | €803,776 | €597,851 | -€205,925 | -25.6% |
| Amounts payable after more than one year | 17 | €785,450 | €575,450 | -€210,000 | -26.7% |
| Other amounts payable | 178/9 | €785,450 | €575,450 | -€210,000 | -26.7% |
| Amounts payable within one year | 42/48 | €18,326 | €22,401 | +€4,075 | +22.2% |
| Trade debts | 44 | €13,588 | €13,534 | -€54 | -0.4% |
| Suppliers | 440/4 | €13,588 | €13,534 | -€54 | -0.4% |
| Taxes, remuneration and social security | 45 | €4,738 | €8,867 | +€4,129 | +87.1% |
| Taxes | 450/3 | €4,738 | €8,867 | +€4,129 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,561 | €36,672 | -€889 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,281 | €0 | +€7,281 | |
| Other operating charges | 640/8 | €20,951 | €15,059 | -€5,891 | -28.1% |
| Gross operating margin | 9900 | €61,456 | €97,150 | +€35,694 | +58.1% |
| Operating profit (loss) | 9901 | €10,226 | €45,419 | +€35,193 | +344.2% |
| Financial income | 75/76B | €0 | €16 | +€16 | +15820.0% |
| Recurring financial income | 75 | €0 | €16 | +€16 | +15820.0% |
| Financial charges | 65/66B | €110 | €465 | +€355 | +321.4% |
| Recurring financial charges | 65 | €110 | €465 | +€355 | +321.4% |
| Profit (loss) for the period before taxes | 9903 | €10,115 | €44,970 | +€34,855 | +344.6% |
| Income taxes | 67/77 | €4,373 | €15,536 | +€11,162 | +255.2% |
| Profit (loss) for the period | 9904 | €5,742 | €29,434 | +€23,692 | +412.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,742 | €29,434 | +€23,692 | +412.6% |
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 5 October 2026 via checked.be.