ALBA: 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.
ALBA
Largest movements
- Cash +€39,936
up €39,936 (+24.5%), from €163,263 to €203,199
mainly Depreciation (+€38,644) and Stocks and contracts (+€25,517)
- Tangible fixed assets -€38,644
down €38,644 (-10.8%), from €357,816 to €319,172
- Stocks and contracts -€25,517
down €25,517 (-10.3%), from €248,610 to €223,093
- Receivables within one year -€14,229
down €14,229 (-18.8%), from €75,496 to €61,268
of which Other amounts receivable: -€10,233
- Trade debts -€40,087
down €40,087 (-16.5%), from €243,471 to €203,384
- Debts after one year -€29,565
down €29,565 (-10.8%), from €274,653 to €245,087
- Tax, wage and social debts +€14,977
up €14,977 (+46.7%), from €32,072 to €47,049
of which Taxes: +€8,223
- Gross operating margin +€25,409
up €25,409 (+7.3%), from €349,657 to €375,065
- Staff costs +€19,479
up €19,479 (+7.0%), from €279,956 to €299,435
- Depreciation +€7,661
up €7,661 (+24.7%), from €30,983 to €38,644
- Taxes +€6,873
up €6,873, from -€99 to €6,774
- Financial charges +€5,389
up €5,389 (+38.9%), from €13,837 to €19,226
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 | €851,223 | €810,464 | -€40,759 | -4.8% |
| Fixed assets | 21/28 | €357,959 | €319,315 | -€38,644 | -10.8% |
| Tangible fixed assets | 22/27 | €357,816 | €319,172 | -€38,644 | -10.8% |
| Land and buildings | 22 | €278,450 | €267,250 | -€11,200 | -4.0% |
| Plant, machinery and equipment | 23 | €53,289 | €36,745 | -€16,545 | -31.0% |
| Furniture and vehicles | 24 | €26,076 | €15,177 | -€10,899 | -41.8% |
| Financial fixed assets | 28 | €143 | €143 | = | 0.0% |
| Current assets | 29/58 | €493,264 | €491,149 | -€2,115 | -0.4% |
| Stocks and contracts in progress | 3 | €248,610 | €223,093 | -€25,517 | -10.3% |
| Stocks | 30/36 | €248,610 | €223,093 | -€25,517 | -10.3% |
| Amounts receivable within one year | 40/41 | €75,496 | €61,268 | -€14,229 | -18.8% |
| Trade receivables | 40 | €54,965 | €50,969 | -€3,995 | -7.3% |
| Other amounts receivable | 41 | €20,532 | €10,298 | -€10,233 | -49.8% |
| Cash at bank and in hand | 54/58 | €163,263 | €203,199 | +€39,936 | +24.5% |
| Deferred charges and accrued income | 490/1 | €5,895 | €3,589 | -€2,306 | -39.1% |
| Total equity and liabilities | 10/49 | €851,223 | €810,464 | -€40,759 | -4.8% |
| Equity | 10/15 | €275,469 | €280,222 | +€4,753 | +1.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | - | €61,973 | +€61,973 | |
| Issued capital | 100 | - | €61,973 | +€61,973 | |
| Reserves | 13 | €55,142 | €54,771 | -€370 | -0.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | - | €6,197 | +€6,197 | |
| Reserves not available under the articles | 1311 | €6,197 | €0 | -€6,197 | -100% |
| Tax-exempt reserves | 132 | €48,944 | €48,574 | -€370 | -0.8% |
| Profit (loss) carried forward | 14 | €158,354 | €163,477 | +€5,123 | +3.2% |
| Provisions and deferred taxes | 16 | €620 | €620 | = | 0.0% |
| Deferred taxes | 168 | €620 | €620 | = | 0.0% |
| Amounts payable | 17/49 | €575,134 | €529,623 | -€45,512 | -7.9% |
| Amounts payable after more than one year | 17 | €274,653 | €245,087 | -€29,565 | -10.8% |
| Financial debts | 170/4 | €274,653 | €245,087 | -€29,565 | -10.8% |
| Amounts payable within one year | 42/48 | €299,535 | €284,535 | -€15,000 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €23,992 | €26,848 | +€2,855 | +11.9% |
| Trade debts | 44 | €243,471 | €203,384 | -€40,087 | -16.5% |
| Suppliers | 440/4 | €243,471 | €203,384 | -€40,087 | -16.5% |
| Taxes, remuneration and social security | 45 | €32,072 | €47,049 | +€14,977 | +46.7% |
| Taxes | 450/3 | €727 | €8,950 | +€8,223 | +1,132% |
| Remuneration and social security | 454/9 | €31,346 | €38,100 | +€6,754 | +21.5% |
| Other amounts payable | 47/48 | - | €7,255 | +€7,255 | |
| Accrued charges and deferred income | 492/3 | €947 | €0 | -€947 | -100% |
| Non-recurring operating income | 76A | €1,249 | €400 | -€849 | -68.0% |
| Remuneration, social security and pensions | 62 | €279,956 | €299,435 | +€19,479 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,983 | €38,644 | +€7,661 | +24.7% |
| Other operating charges | 640/8 | €10,696 | €11,850 | +€1,154 | +10.8% |
| Non-recurring operating charges | 66A | €9,807 | -€4,836 | -€14,643 | |
| Gross operating margin | 9900 | €349,657 | €375,065 | +€25,409 | +7.3% |
| Operating profit (loss) | 9901 | €18,215 | €29,973 | +€11,758 | +64.5% |
| Financial income | 75/76B | €4 | €779 | +€775 | +18,367% |
| Recurring financial income | 75 | €4 | €779 | +€775 | +18,367% |
| Financial charges | 65/66B | €13,837 | €19,226 | +€5,389 | +38.9% |
| Recurring financial charges | 65 | €13,837 | €19,226 | +€5,389 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €4,382 | €11,526 | +€7,144 | +163% |
| Transfer from deferred taxes | 780 | €191 | €0 | -€191 | -100% |
| Income taxes | 67/77 | -€99 | €6,774 | +€6,873 | |
| Profit (loss) for the period | 9904 | €4,672 | €4,753 | +€80 | +1.7% |
| Transfer from tax-exempt reserves | 789 | €370 | €370 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,042 | €5,123 | +€80 | +1.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.