GROUP ALPHA CONSTRUCT: 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.
GROUP ALPHA CONSTRUCT
Largest movements
- Receivables within one year -€30,844
down €30,844 (-44.7%), from €69,049 to €38,205
of which Trade receivables: -€32,432
- Cash +€20,688
up €20,688 (+101.7%), from €20,337 to €41,025
mainly Receivables within one year (+€30,844) and Trade debts (+€14,577)
- Tangible fixed assets +€16,056
up €16,056 (+144.7%), from €11,093 to €27,149
of which Furniture and vehicles: +€12,150
- Trade debts +€14,577
up €14,577 (+42.4%), from €34,392 to €48,969
- Other debts -€8,140
down €8,140 (-38.4%), from €21,224 to €13,084
- Tax, wage and social debts -€1,188
down €1,188 (-24.6%), from €4,833 to €3,645
- Gross operating margin -€8,760
down €8,760 (-33.1%), from €26,463 to €17,703
- Provisions -€5,469
no longer reported in 2025 (was €5,469)
- Depreciation +€5,384
up €5,384 (+103.5%), from €5,200 to €10,584
- Other operating charges +€1,618
up €1,618 (+195.4%), from €828 to €2,446
- Taxes -€1,189
down €1,189 (-24.6%), from €4,833 to €3,644
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 | €100,966 | €107,079 | +€6,113 | +6.1% |
| Fixed assets | 21/28 | €11,093 | €27,149 | +€16,056 | +144.7% |
| Tangible fixed assets | 22/27 | €11,093 | €27,149 | +€16,056 | +144.7% |
| Plant, machinery and equipment | 23 | €3,227 | €7,133 | +€3,906 | +121.0% |
| Furniture and vehicles | 24 | €7,866 | €20,016 | +€12,150 | +154.5% |
| Current assets | 29/58 | €89,873 | €79,930 | -€9,943 | -11.1% |
| Amounts receivable within one year | 40/41 | €69,049 | €38,205 | -€30,844 | -44.7% |
| Trade receivables | 40 | €65,388 | €32,956 | -€32,432 | -49.6% |
| Other amounts receivable | 41 | €3,661 | €5,249 | +€1,588 | +43.4% |
| Cash at bank and in hand | 54/58 | €20,337 | €41,025 | +€20,688 | +101.7% |
| Deferred charges and accrued income | 490/1 | €487 | €700 | +€213 | +43.7% |
| Total equity and liabilities | 10/49 | €100,966 | €107,079 | +€6,113 | +6.1% |
| Equity | 10/15 | €5,934 | €6,798 | +€864 | +14.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €884 | €1,748 | +€864 | +97.7% |
| Provisions and deferred taxes | 16 | €26,291 | €26,291 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,291 | €26,291 | = | 0.0% |
| Major repairs and maintenance | 162 | €8,000 | €8,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €18,291 | €18,291 | = | 0.0% |
| Amounts payable | 17/49 | €68,741 | €73,990 | +€5,249 | +7.6% |
| Amounts payable within one year | 42/48 | €68,741 | €73,990 | +€5,249 | +7.6% |
| Trade debts | 44 | €34,392 | €48,969 | +€14,577 | +42.4% |
| Suppliers | 440/4 | €34,392 | €48,969 | +€14,577 | +42.4% |
| Advances received on contracts in progress | 46 | €8,292 | €8,292 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,833 | €3,645 | -€1,188 | -24.6% |
| Taxes | 450/3 | €4,833 | €3,645 | -€1,188 | -24.6% |
| Other amounts payable | 47/48 | €21,224 | €13,084 | -€8,140 | -38.4% |
| Remuneration, social security and pensions | 62 | €212 | - | -€212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,200 | €10,584 | +€5,384 | +103.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,469 | - | -€5,469 | |
| Other operating charges | 640/8 | €828 | €2,446 | +€1,618 | +195.4% |
| Gross operating margin | 9900 | €26,463 | €17,703 | -€8,760 | -33.1% |
| Operating profit (loss) | 9901 | €14,754 | €4,673 | -€10,081 | -68.3% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €184 | €180 | -€4 | -2.2% |
| Recurring financial charges | 65 | €184 | €180 | -€4 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €14,570 | €4,508 | -€10,062 | -69.1% |
| Income taxes | 67/77 | €4,833 | €3,644 | -€1,189 | -24.6% |
| Profit (loss) for the period | 9904 | €9,737 | €864 | -€8,873 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,737 | €864 | -€8,873 | -91.1% |
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 10 October 2026 via checked.be.