ALB CONSTRUCTION: 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.
ALB CONSTRUCTION
Largest movements
- Deferred charges and accrued income +€54,198
up €54,198 (+823%), from €6,582 to €60,780
- Tangible fixed assets -€47,536
down €47,536 (-6.8%), from €701,464 to €653,928
of which Furniture and vehicles: -€33,192
- Receivables within one year +€28,086
up €28,086 (+68.6%), from €40,929 to €69,016
of which Trade receivables: +€37,848
- Cash +€23,555
up €23,555 (+605%), from €3,892 to €27,447
mainly Debts after one year (+€95,189) and Depreciation (+€33,734)
- Stocks and contracts +€10,145
new in 2025: €10,145
- Debts after one year +€95,189
up €95,189 (+30.1%), from €316,063 to €411,252
- Other debts -€90,389
down €90,389 (-58.3%), from €155,106 to €64,717
- Profit (loss) carried forward +€32,496
up €32,496 (+15.8%), from €205,566 to €238,062
- Tax, wage and social debts +€25,341
up €25,341 (+269%), from €9,436 to €34,778
of which Remuneration and social security: +€13,895
- Current portion of long-term debt +€8,626
up €8,626 (+22.0%), from €39,208 to €47,833
- Gross operating margin +€25,427
up €25,427 (+12.6%), from €201,437 to €226,864
- Financial income -€11,797
down €11,797 (-92.4%), from €12,761 to €964
- Taxes +€11,350
up €11,350 (+1,882%), from €603 to €11,954
- Staff costs +€5,244
up €5,244 (+4.5%), from €117,733 to €122,977
- Depreciation +€4,809
up €4,809 (+16.6%), from €28,925 to €33,734
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.
Derived cash bridge
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 | €754,597 | €823,046 | +€68,449 | +9.1% |
| Fixed assets | 21/28 | €703,194 | €655,658 | -€47,536 | -6.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €701,464 | €653,928 | -€47,536 | -6.8% |
| Land and buildings | 22 | €636,652 | €621,111 | -€15,541 | -2.4% |
| Plant, machinery and equipment | 23 | €7,402 | €8,599 | +€1,198 | +16.2% |
| Furniture and vehicles | 24 | €57,410 | €24,218 | -€33,192 | -57.8% |
| Financial fixed assets | 28 | €1,730 | €1,730 | = | 0.0% |
| Current assets | 29/58 | €51,403 | €167,388 | +€115,985 | +226% |
| Stocks and contracts in progress | 3 | - | €10,145 | +€10,145 | |
| Stocks | 30/36 | - | €10,145 | +€10,145 | |
| Amounts receivable within one year | 40/41 | €40,929 | €69,016 | +€28,086 | +68.6% |
| Trade receivables | 40 | €30,566 | €68,413 | +€37,848 | +124% |
| Other amounts receivable | 41 | €10,364 | €603 | -€9,761 | -94.2% |
| Cash at bank and in hand | 54/58 | €3,892 | €27,447 | +€23,555 | +605% |
| Deferred charges and accrued income | 490/1 | €6,582 | €60,780 | +€54,198 | +823% |
| Total equity and liabilities | 10/49 | €754,597 | €823,046 | +€68,449 | +9.1% |
| Equity | 10/15 | €213,626 | €246,122 | +€32,496 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €205,566 | €238,062 | +€32,496 | +15.8% |
| Amounts payable | 17/49 | €540,971 | €576,924 | +€35,953 | +6.6% |
| Amounts payable after more than one year | 17 | €316,063 | €411,252 | +€95,189 | +30.1% |
| Financial debts | 170/4 | €316,063 | €411,252 | +€95,189 | +30.1% |
| Amounts payable within one year | 42/48 | €224,885 | €165,672 | -€59,213 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €39,208 | €47,833 | +€8,626 | +22.0% |
| Trade debts | 44 | €21,135 | €18,344 | -€2,791 | -13.2% |
| Suppliers | 440/4 | €21,135 | €18,344 | -€2,791 | -13.2% |
| Taxes, remuneration and social security | 45 | €9,436 | €34,778 | +€25,341 | +269% |
| Taxes | 450/3 | €603 | €12,049 | +€11,446 | +1,898% |
| Remuneration and social security | 454/9 | €8,833 | €22,729 | +€13,895 | +157% |
| Other amounts payable | 47/48 | €155,106 | €64,717 | -€90,389 | -58.3% |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Non-recurring operating income | 76A | €43,838 | - | -€43,838 | |
| Remuneration, social security and pensions | 62 | €117,733 | €122,977 | +€5,244 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,925 | €33,734 | +€4,809 | +16.6% |
| Other operating charges | 640/8 | €8,842 | €12,095 | +€3,253 | +36.8% |
| Non-recurring operating charges | 66A | €40,005 | €2,490 | -€37,515 | -93.8% |
| Gross operating margin | 9900 | €201,437 | €226,864 | +€25,427 | +12.6% |
| Operating profit (loss) | 9901 | €5,933 | €55,569 | +€49,636 | +837% |
| Financial income | 75/76B | €12,761 | €964 | -€11,797 | -92.4% |
| Recurring financial income | 75 | €12,761 | €964 | -€11,797 | -92.4% |
| Financial charges | 65/66B | €8,849 | €12,083 | +€3,233 | +36.5% |
| Recurring financial charges | 65 | €8,849 | €12,083 | +€3,233 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €9,844 | €44,450 | +€34,605 | +352% |
| Income taxes | 67/77 | €603 | €11,954 | +€11,350 | +1,882% |
| Profit (loss) for the period | 9904 | €9,241 | €32,496 | +€23,255 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €9,241 | €32,496 | +€23,255 | +252% |
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 23 October 2026 via checked.be.