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
- Tangible fixed assets -€59,040
down €59,040 (-7.5%), from €789,850 to €730,810
of which Land and buildings: -€73,708
- Cash -€15,267
down €15,267 (-5.7%), from €267,989 to €252,722
mainly Net result for the year (-€101,180) and Investment in fixed assets (net) (-€46,363)
- Profit (loss) carried forward -€101,180
down €101,180 (-34.5%), from €293,087 to €191,907
- Tax, wage and social debts +€35,343
up €35,343 (+7.8%), from €453,985 to €489,328
of which Remuneration and social security: +€55,571
- Trade debts -€24,548
down €24,548 (-21.4%), from €114,798 to €90,250
- Gross operating margin +€204,103
up €204,103 (+7.2%), from €2.8m to €3.0m
- Staff costs +€97,630
up €97,630 (+3.4%), from €2.8m to €2.9m
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 | €1,323,039 | €1,240,790 | -€82,248 | -6.2% |
| Fixed assets | 21/28 | €790,362 | €730,810 | -€59,551 | -7.5% |
| Intangible fixed assets | 21 | €511 | €0 | -€511 | -100.0% |
| Tangible fixed assets | 22/27 | €789,850 | €730,810 | -€59,040 | -7.5% |
| Land and buildings | 22 | €625,860 | €552,152 | -€73,708 | -11.8% |
| Plant, machinery and equipment | 23 | €155,981 | €170,844 | +€14,864 | +9.5% |
| Furniture and vehicles | 24 | €8,009 | €7,814 | -€196 | -2.4% |
| Current assets | 29/58 | €532,677 | €509,980 | -€22,697 | -4.3% |
| Stocks and contracts in progress | 3 | €4,391 | €3,137 | -€1,254 | -28.6% |
| Stocks | 30/36 | €4,391 | €3,137 | -€1,254 | -28.6% |
| Amounts receivable within one year | 40/41 | €252,368 | €246,263 | -€6,105 | -2.4% |
| Trade receivables | 40 | €245,083 | €236,686 | -€8,396 | -3.4% |
| Other amounts receivable | 41 | €7,285 | €9,577 | +€2,291 | +31.4% |
| Cash at bank and in hand | 54/58 | €267,989 | €252,722 | -€15,267 | -5.7% |
| Deferred charges and accrued income | 490/1 | €7,930 | €7,859 | -€71 | -0.9% |
| Total equity and liabilities | 10/49 | €1,323,039 | €1,240,790 | -€82,248 | -6.2% |
| Equity | 10/15 | €374,892 | €273,712 | -€101,180 | -27.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293,087 | €191,907 | -€101,180 | -34.5% |
| Amounts payable | 17/49 | €948,147 | €967,078 | +€18,932 | +2.0% |
| Amounts payable within one year | 42/48 | €948,147 | €967,078 | +€18,932 | +2.0% |
| Financial debts | 43 | €207,351 | €207,960 | +€609 | +0.3% |
| Credit institutions | 430/8 | €207,351 | €207,960 | +€609 | +0.3% |
| Trade debts | 44 | €114,798 | €90,250 | -€24,548 | -21.4% |
| Suppliers | 440/4 | €114,798 | €90,250 | -€24,548 | -21.4% |
| Taxes, remuneration and social security | 45 | €453,985 | €489,328 | +€35,343 | +7.8% |
| Taxes | 450/3 | €20,228 | €0 | -€20,228 | -100.0% |
| Remuneration and social security | 454/9 | €433,757 | €489,328 | +€55,571 | +12.8% |
| Other amounts payable | 47/48 | €172,013 | €179,540 | +€7,527 | +4.4% |
| Remuneration, social security and pensions | 62 | €2,847,414 | €2,945,043 | +€97,630 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,645 | €105,914 | +€1,268 | +1.2% |
| Other operating charges | 640/8 | €66,262 | €68,342 | +€2,080 | +3.1% |
| Gross operating margin | 9900 | €2,833,377 | €3,037,479 | +€204,103 | +7.2% |
| Operating profit (loss) | 9901 | -€184,945 | -€81,820 | +€103,125 | +55.8% |
| Financial income | 75/76B | €589 | €555 | -€34 | -5.7% |
| Recurring financial income | 75 | €589 | €555 | -€34 | -5.7% |
| Financial charges | 65/66B | €21,012 | €19,915 | -€1,097 | -5.2% |
| Recurring financial charges | 65 | €21,012 | €19,915 | -€1,097 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€205,368 | -€101,180 | +€104,188 | +50.7% |
| Income taxes | 67/77 | €171 | €0 | -€171 | -100.0% |
| Profit (loss) for the period | 9904 | -€205,539 | -€101,180 | +€104,360 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€205,539 | -€101,180 | +€104,360 | +50.8% |
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 11 October 2026 via checked.be.