ALB PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets +€13,874
up €13,874 (+3124.0%), from €444 to €14,318
of which Furniture and vehicles: +€14,221
- Cash -€12,590
down €12,590 (-46.7%), from €26,987 to €14,398
mainly Contributions, distributions and other (-€45,000) and Trade debts (-€23,954)
- Receivables within one year +€7,542
up €7,542 (+4.1%), from €184,176 to €191,718
of which Other amounts receivable: +€7,750
- Reserves -€45,000
down €45,000 (-52.9%), from €85,000 to €40,000
- Other debts +€45,000
new in 2025: €45,000
- Trade debts -€23,954
down €23,954 (-31.0%), from €77,196 to €53,242
- Advances received +€15,394
new in 2025: €15,394
- Current portion of long-term debt +€7,128
new in 2025: €7,128
- Staff costs +€32,037
up €32,037 (+120.8%), from €26,510 to €58,547
- Gross operating margin +€31,073
up €31,073 (+84.1%), from €36,963 to €68,036
- Financial charges +€5,323
up €5,323 (+213.2%), from €2,497 to €7,820
- Taxes -€1,729
down €1,729 (-48.9%), from €3,533 to €1,804
- Depreciation +€1,026
up €1,026 (+113.3%), from €906 to €1,932
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 | €222,143 | €228,625 | +€6,482 | +2.9% |
| Fixed assets | 21/28 | €444 | €14,318 | +€13,874 | +3124.0% |
| Tangible fixed assets | 22/27 | €444 | €14,318 | +€13,874 | +3124.0% |
| Plant, machinery and equipment | 23 | €444 | €97 | -€347 | -78.2% |
| Furniture and vehicles | 24 | - | €14,221 | +€14,221 | |
| Current assets | 29/58 | €221,699 | €214,307 | -€7,391 | -3.3% |
| Stocks and contracts in progress | 3 | €3,672 | €2,478 | -€1,193 | -32.5% |
| Stocks | 30/36 | €3,672 | €2,478 | -€1,193 | -32.5% |
| Amounts receivable within one year | 40/41 | €184,176 | €191,718 | +€7,542 | +4.1% |
| Trade receivables | 40 | €48,952 | €48,743 | -€208 | -0.4% |
| Other amounts receivable | 41 | €135,224 | €142,975 | +€7,750 | +5.7% |
| Cash at bank and in hand | 54/58 | €26,987 | €14,398 | -€12,590 | -46.7% |
| Deferred charges and accrued income | 490/1 | €6,863 | €5,713 | -€1,150 | -16.8% |
| Total equity and liabilities | 10/49 | €222,143 | €228,625 | +€6,482 | +2.9% |
| Equity | 10/15 | €116,209 | €71,772 | -€44,437 | -38.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €40,000 | -€45,000 | -52.9% |
| Distributable reserves | 133 | €85,000 | €40,000 | -€45,000 | -52.9% |
| Profit (loss) carried forward | 14 | €30,209 | €30,772 | +€563 | +1.9% |
| Amounts payable | 17/49 | €105,934 | €156,853 | +€50,919 | +48.1% |
| Amounts payable after more than one year | 17 | - | €4,283 | +€4,283 | |
| Financial debts | 170/4 | - | €4,283 | +€4,283 | |
| Amounts payable within one year | 42/48 | €105,934 | €152,570 | +€46,637 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,128 | +€7,128 | |
| Trade debts | 44 | €77,196 | €53,242 | -€23,954 | -31.0% |
| Suppliers | 440/4 | €77,196 | €53,242 | -€23,954 | -31.0% |
| Advances received on contracts in progress | 46 | - | €15,394 | +€15,394 | |
| Taxes, remuneration and social security | 45 | €28,738 | €31,806 | +€3,068 | +10.7% |
| Taxes | 450/3 | €18,933 | €5,304 | -€13,629 | -72.0% |
| Remuneration and social security | 454/9 | €9,805 | €26,502 | +€16,697 | +170.3% |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Remuneration, social security and pensions | 62 | €26,510 | €58,547 | +€32,037 | +120.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €906 | €1,932 | +€1,026 | +113.3% |
| Other operating charges | 640/8 | €4,361 | €4,941 | +€580 | +13.3% |
| Gross operating margin | 9900 | €36,963 | €68,036 | +€31,073 | +84.1% |
| Operating profit (loss) | 9901 | €5,186 | €2,616 | -€2,570 | -49.6% |
| Financial income | 75/76B | €7,835 | €7,571 | -€264 | -3.4% |
| Recurring financial income | 75 | €7,835 | €7,571 | -€264 | -3.4% |
| Financial charges | 65/66B | €2,497 | €7,820 | +€5,323 | +213.2% |
| Recurring financial charges | 65 | €2,497 | €7,820 | +€5,323 | +213.2% |
| Profit (loss) for the period before taxes | 9903 | €10,525 | €2,367 | -€8,158 | -77.5% |
| Income taxes | 67/77 | €3,533 | €1,804 | -€1,729 | -48.9% |
| Profit (loss) for the period | 9904 | €6,991 | €563 | -€6,428 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,991 | €563 | -€6,428 | -91.9% |
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.