ALBA: what changed
Two fiscal 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.
ALBA
Largest movements
- Cash -€781,175
down €781,175 (-79.8%), from €979,430 to €198,255
mainly Current investments (-€600,000) and Receivables within one year (-€430,488)
- Current investments +€600,000
new in 2024: €600,000
- Receivables within one year +€430,488
up €430,488 (+622.3%), from €69,176 to €499,665
of which Other amounts receivable: +€428,934
- Deferred charges and accrued income -€331,514
down €331,514 (-87.5%), from €378,963 to €47,449
- Debts within one year +€120,656
up €120,656 (+19.0%), from €635,523 to €756,179
of which Tax, wage and social debts: +€96,308
- Reserves -€100,213
down €100,213 (-17.6%), from €570,413 to €470,200
- Profit (loss) carried forward -€65,093
down €65,093 (-17.5%), from €372,509 to €307,416
- Debts after one year -€28,409
down €28,409 (-14.7%), from €193,241 to €164,832
- Staff costs +€407,104
up €407,104 (+12.0%), from €3.4m to €3.8m
- Gross operating margin +€233,839
up €233,839 (+6.7%), from €3.5m to €3.7m
- Turnover +€44,625
up €44,625 (+93.6%), from €47,671 to €92,296
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,300,105 | €2,195,831 | -€104,274 | -4.5% |
| Fixed assets | 21/28 | €872,535 | €850,462 | -€22,073 | -2.5% |
| Intangible fixed assets | 21 | €1,823 | €2,735 | +€912 | +50.0% |
| Tangible fixed assets | 22/27 | €870,712 | €847,727 | -€22,985 | -2.6% |
| Land and buildings | 22 | €824,119 | €802,492 | -€21,627 | -2.6% |
| Plant, machinery and equipment | 23 | €15,122 | €17,681 | +€2,559 | +16.9% |
| Furniture and vehicles | 24 | €31,471 | €27,555 | -€3,916 | -12.4% |
| Current assets | 29/58 | €1,427,570 | €1,345,369 | -€82,201 | -5.8% |
| Amounts receivable within one year | 40/41 | €69,176 | €499,665 | +€430,488 | +622.3% |
| Trade receivables | 40 | €17,510 | €19,064 | +€1,555 | +8.9% |
| Other amounts receivable | 41 | €51,667 | €480,600 | +€428,934 | +830.2% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €979,430 | €198,255 | -€781,175 | -79.8% |
| Deferred charges and accrued income | 490/1 | €378,963 | €47,449 | -€331,514 | -87.5% |
| Total equity and liabilities | 10/49 | €2,300,105 | €2,195,831 | -€104,274 | -4.5% |
| Equity | 10/15 | €1,387,436 | €1,211,581 | -€175,854 | -12.7% |
| Contributions | 10/11 | €383,514 | €383,514 | = | 0.0% |
| Capital | 10 | €383,514 | €383,514 | = | 0.0% |
| Reserves | 13 | €570,413 | €470,200 | -€100,213 | -17.6% |
| Profit (loss) carried forward | 14 | €372,509 | €307,416 | -€65,093 | -17.5% |
| Investment grants | 15 | €60,999 | €50,451 | -€10,548 | -17.3% |
| Amounts payable | 17/49 | €912,669 | €984,249 | +€71,580 | +7.8% |
| Amounts payable after more than one year | 17 | €193,241 | €164,832 | -€28,409 | -14.7% |
| Financial debts | 170/4 | €193,241 | €164,832 | -€28,409 | -14.7% |
| Amounts payable within one year | 42/48 | €635,523 | €756,179 | +€120,656 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €27,669 | €28,409 | +€740 | +2.7% |
| Trade debts | 44 | €20,695 | €40,329 | +€19,634 | +94.9% |
| Suppliers | 440/4 | €20,695 | €40,329 | +€19,634 | +94.9% |
| Taxes, remuneration and social security | 45 | €586,569 | €682,877 | +€96,308 | +16.4% |
| Taxes | 450/3 | €137,956 | €157,306 | +€19,350 | +14.0% |
| Remuneration and social security | 454/9 | €448,613 | €525,571 | +€76,958 | +17.2% |
| Accrued charges and deferred income | 492/3 | €83,905 | €63,238 | -€20,667 | -24.6% |
| Turnover | 70 | €47,671 | €92,296 | +€44,625 | +93.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €389,685 | €391,278 | +€1,593 | +0.4% |
| Remuneration, social security and pensions | 62 | €3,400,172 | €3,807,277 | +€407,104 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,402 | €67,211 | -€11,191 | -14.3% |
| Other operating charges | 640/8 | €6,391 | €9,123 | +€2,732 | +42.7% |
| Non-recurring operating charges | 66A | €161 | €406 | +€245 | +152.2% |
| Gross operating margin | 9900 | €3,482,646 | €3,716,485 | +€233,839 | +6.7% |
| Operating profit (loss) | 9901 | -€2,480 | -€167,532 | -€165,052 | -6656.0% |
| Financial income | 75/76B | €60 | €8,638 | +€8,578 | +14371.0% |
| Recurring financial income | 75 | €60 | €8,638 | +€8,578 | +14371.0% |
| Financial charges | 65/66B | €6,765 | €6,412 | -€353 | -5.2% |
| Recurring financial charges | 65 | €6,765 | €6,412 | -€353 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,185 | -€165,306 | -€156,121 | -1699.7% |
| Profit (loss) for the period | 9904 | -€9,185 | -€165,306 | -€156,121 | -1699.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,185 | -€165,306 | -€156,121 | -1699.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.