ALFA CONSTRUCT: what changed
What changed
ALFA CONSTRUCT
NACE 31.009, Manufacture of furniture
filed annual accounts (NBB)
Net result for the year
€28,640
2024 · €6,119+€22,521
Equity
€100,344
2024 · €128,003-€27,659
Cash
€120,822
2024 · €101,784+€19,038
Balance sheet total
€235,098
2024 · €200,440+€34,658
Largest movements
Assets
- Cash +€19,038
up €19,038 (+18.7%), from €101,784 to €120,822
mainly Other debts (+€56,022) and Depreciation (+€34,647)
- Receivables within one year +€15,099
up €15,099 (+67.0%), from €22,553 to €37,652
of which Other amounts receivable: +€12,279
Equity and liabilities
- Other debts +€56,022
up €56,022 (+148%), from €37,804 to €93,826
- Reserves -€27,659
down €27,659 (-25.3%), from €109,411 to €81,752
- Current portion of long-term debt +€6,891
up €6,891 (+99.6%), from €6,918 to €13,809
Income statement
- Gross operating margin +€42,554
up €42,554 (+125%), from €33,985 to €76,539
- Depreciation +€10,406
up €10,406 (+42.9%), from €24,241 to €34,647
- Taxes +€9,272
up €9,272 (+871%), from €1,065 to €10,337
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
€6,119
Gross operating margin
+€42,554
Depreciation
-€10,406
Other operating charges
-€70
Financial income
-€18
Financial charges
-€267
Taxes
-€9,272
Result 2025
€28,640
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
+€103,476
Investment
-€35,900
Financing
-€48,538
Cash 2024
€101,784
From operations (derived)
+€103,476
Net result for the year
+€28,640
Depreciation
+€34,647
Smaller working-capital items
-€115
Receivables within one year
-€15,099
Deferred charges and accrued income
+€869
Trade debts
-€1,487
Other debts
+€56,022
Investment (derived)
-€35,900
Investment in fixed assets (net)
-€35,900
Financing
-€48,538
Debts after one year
+€869
Current portion of long-term debt
+€6,891
Contributions, distributions and other
-€56,299
Cash 2025
€120,822
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,440 | €235,098 | +€34,658 | +17.3% |
| Fixed assets | 21/28 | €71,405 | €72,658 | +€1,253 | +1.8% |
| Tangible fixed assets | 22/27 | €71,405 | €72,658 | +€1,253 | +1.8% |
| Plant, machinery and equipment | 23 | €6,623 | €456 | -€6,167 | -93.1% |
| Furniture and vehicles | 24 | €64,782 | €72,202 | +€7,420 | +11.5% |
| Current assets | 29/58 | €129,035 | €162,440 | +€33,405 | +25.9% |
| Stocks and contracts in progress | 3 | €1,806 | €1,943 | +€137 | +7.6% |
| Stocks | 30/36 | €1,806 | €1,943 | +€137 | +7.6% |
| Amounts receivable within one year | 40/41 | €22,553 | €37,652 | +€15,099 | +67.0% |
| Trade receivables | 40 | €747 | €3,567 | +€2,820 | +377% |
| Other amounts receivable | 41 | €21,805 | €34,084 | +€12,279 | +56.3% |
| Cash at bank and in hand | 54/58 | €101,784 | €120,822 | +€19,038 | +18.7% |
| Deferred charges and accrued income | 490/1 | €2,893 | €2,024 | -€869 | -30.0% |
| Total equity and liabilities | 10/49 | €200,440 | €235,098 | +€34,658 | +17.3% |
| Equity | 10/15 | €128,003 | €100,344 | -€27,659 | -21.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €109,411 | €81,752 | -€27,659 | -25.3% |
| Distributable reserves | 133 | €109,411 | €81,752 | -€27,659 | -25.3% |
| Amounts payable | 17/49 | €72,437 | €134,754 | +€62,317 | +86.0% |
| Amounts payable after more than one year | 17 | €22,424 | €23,294 | +€869 | +3.9% |
| Financial debts | 170/4 | €22,424 | €23,294 | +€869 | +3.9% |
| Amounts payable within one year | 42/48 | €50,013 | €111,438 | +€61,425 | +123% |
| Current portion of amounts payable after more than one year | 42 | €6,918 | €13,809 | +€6,891 | +99.6% |
| Trade debts | 44 | €2,910 | €1,423 | -€1,487 | -51.1% |
| Suppliers | 440/4 | €2,910 | €1,423 | -€1,487 | -51.1% |
| Taxes, remuneration and social security | 45 | €2,379 | €2,379 | = | 0.0% |
| Taxes | 450/3 | €2,379 | €2,379 | = | 0.0% |
| Other amounts payable | 47/48 | €37,804 | €93,826 | +€56,022 | +148% |
| Accrued charges and deferred income | 492/3 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,241 | €34,647 | +€10,406 | +42.9% |
| Other operating charges | 640/8 | €1,076 | €1,145 | +€70 | +6.5% |
| Gross operating margin | 9900 | €33,985 | €76,539 | +€42,554 | +125% |
| Operating profit (loss) | 9901 | €8,668 | €40,747 | +€32,079 | +370% |
| Financial income | 75/76B | €18 | €0 | -€18 | -97.6% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -97.6% |
| Financial charges | 65/66B | €1,503 | €1,770 | +€267 | +17.8% |
| Recurring financial charges | 65 | €1,503 | €1,770 | +€267 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €7,184 | €38,977 | +€31,793 | +443% |
| Income taxes | 67/77 | €1,065 | €10,337 | +€9,272 | +871% |
| Profit (loss) for the period | 9904 | €6,119 | €28,640 | +€22,521 | +368% |
| Profit (loss) for the period to be appropriated | 9905 | €6,119 | €28,640 | +€22,521 | +368% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.