ALABDAN: 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.
ALABDAN
Largest movements
- Receivables within one year -€99,947
down €99,947 (-93.5%), from €106,901 to €6,954
of which Trade receivables: -€83,602
- Cash +€48,404
up €48,404 (+2399.6%), from €2,017 to €50,421
mainly Receivables within one year (+€99,947) and Net result for the year (+€63,356)
- Tangible fixed assets +€16,981
up €16,981 (+52.0%), from €32,674 to €49,655
of which Leasing and similar rights: +€38,013
- Trade debts -€114,307
no longer reported in 2025 (was €114,307)
- Profit (loss) carried forward +€63,356
up €63,356 (+863.0%), from €7,341 to €70,697
- Debts after one year +€20,645
new in 2025: €20,645
- Tax, wage and social debts -€5,164
down €5,164 (-33.3%), from €15,492 to €10,327
of which Remuneration and social security: -€8,966
- Gross operating margin +€115,570
up €115,570 (+141.9%), from €81,473 to €197,043
- Staff costs +€42,568
up €42,568 (+93.1%), from €45,715 to €88,283
- Depreciation +€16,674
up €16,674 (+182.0%), from €9,162 to €25,836
- Taxes +€7,367
new in 2025: €7,367
- Other operating charges +€6,955
up €6,955 (+128.2%), from €5,424 to €12,379
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 | €143,639 | €109,078 | -€34,561 | -24.1% |
| Fixed assets | 21/28 | €32,674 | €49,655 | +€16,981 | +52.0% |
| Tangible fixed assets | 22/27 | €32,674 | €49,655 | +€16,981 | +52.0% |
| Furniture and vehicles | 24 | €32,674 | €11,643 | -€21,031 | -64.4% |
| Leasing and similar rights | 25 | - | €38,013 | +€38,013 | |
| Current assets | 29/58 | €110,965 | €59,423 | -€51,543 | -46.4% |
| Stocks and contracts in progress | 3 | €2,047 | €2,047 | = | 0.0% |
| Stocks | 30/36 | €2,047 | €2,047 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €106,901 | €6,954 | -€99,947 | -93.5% |
| Trade receivables | 40 | €83,602 | - | -€83,602 | |
| Other amounts receivable | 41 | €23,299 | €6,954 | -€16,345 | -70.2% |
| Cash at bank and in hand | 54/58 | €2,017 | €50,421 | +€48,404 | +2399.6% |
| Total equity and liabilities | 10/49 | €143,639 | €109,078 | -€34,561 | -24.1% |
| Equity | 10/15 | €13,841 | €77,197 | +€63,356 | +457.7% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,341 | €70,697 | +€63,356 | +863.0% |
| Amounts payable | 17/49 | €129,798 | €31,881 | -€97,917 | -75.4% |
| Amounts payable after more than one year | 17 | - | €20,645 | +€20,645 | |
| Financial debts | 170/4 | - | €20,645 | +€20,645 | |
| Amounts payable within one year | 42/48 | €129,798 | €11,236 | -€118,562 | -91.3% |
| Current portion of amounts payable after more than one year | 42 | - | €909 | +€909 | |
| Trade debts | 44 | €114,307 | - | -€114,307 | |
| Suppliers | 440/4 | €114,307 | - | -€114,307 | |
| Taxes, remuneration and social security | 45 | €15,492 | €10,327 | -€5,164 | -33.3% |
| Taxes | 450/3 | €5,847 | €9,649 | +€3,802 | +65.0% |
| Remuneration and social security | 454/9 | €9,644 | €678 | -€8,966 | -93.0% |
| Remuneration, social security and pensions | 62 | €45,715 | €88,283 | +€42,568 | +93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,162 | €25,836 | +€16,674 | +182.0% |
| Other operating charges | 640/8 | €5,424 | €12,379 | +€6,955 | +128.2% |
| Gross operating margin | 9900 | €81,473 | €197,043 | +€115,570 | +141.9% |
| Operating profit (loss) | 9901 | €21,172 | €70,545 | +€49,372 | +233.2% |
| Financial income | 75/76B | - | €527 | +€527 | |
| Recurring financial income | 75 | - | €527 | +€527 | |
| Financial charges | 65/66B | €298 | €349 | +€51 | +17.2% |
| Recurring financial charges | 65 | €298 | €349 | +€51 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €20,874 | €70,723 | +€49,848 | +238.8% |
| Income taxes | 67/77 | - | €7,367 | +€7,367 | |
| Profit (loss) for the period | 9904 | €20,874 | €63,356 | +€42,481 | +203.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,874 | €63,356 | +€42,481 | +203.5% |
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 12 October 2026 via checked.be.