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 +€14,560
up €14,560 (+212.9%), from €6,838 to €21,398
mainly Net result for the year (+€11,616) and Stocks and contracts (+€10,354)
- Stocks and contracts -€10,354
down €10,354 (-40.4%), from €25,618 to €15,264
- Tangible fixed assets -€1,506
down €1,506 (-7.3%), from €20,632 to €19,126
of which Furniture and vehicles: -€2,121
- Receivables within one year -€632
no longer reported in 2025 (was €632)
- Profit (loss) carried forward +€9,584
no longer reported in 2025 (was -€9,584)
- Accrued charges and deferred income -€6,000
no longer reported in 2025 (was €6,000)
- Trade debts -€3,589
down €3,589 (-76.9%), from €4,670 to €1,081
- Reserves +€2,032
new in 2025: €2,032
- Other debts +€853
up €853 (+121.8%), from €700 to €1,552
- Gross operating margin +€15,502
up €15,502 (+1780.6%), from €871 to €16,373
- Staff costs -€6,066
no longer reported in 2025 (was €6,066)
- Financial charges +€380
up €380 (+34.5%), from €1,101 to €1,481
- Depreciation -€371
down €371 (-14.7%), from €2,527 to €2,156
- Taxes +€236
new in 2025: €236
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 | €53,720 | €55,788 | +€2,068 | +3.9% |
| Fixed assets | 21/28 | €20,632 | €19,126 | -€1,506 | -7.3% |
| Tangible fixed assets | 22/27 | €20,632 | €19,126 | -€1,506 | -7.3% |
| Plant, machinery and equipment | 23 | - | €615 | +€615 | |
| Furniture and vehicles | 24 | €20,632 | €18,511 | -€2,121 | -10.3% |
| Current assets | 29/58 | €33,088 | €36,662 | +€3,574 | +10.8% |
| Stocks and contracts in progress | 3 | €25,618 | €15,264 | -€10,354 | -40.4% |
| Stocks | 30/36 | €25,618 | €15,264 | -€10,354 | -40.4% |
| Amounts receivable within one year | 40/41 | €632 | - | -€632 | |
| Other amounts receivable | 41 | €632 | - | -€632 | |
| Cash at bank and in hand | 54/58 | €6,838 | €21,398 | +€14,560 | +212.9% |
| Total equity and liabilities | 10/49 | €53,720 | €55,788 | +€2,068 | +3.9% |
| Equity | 10/15 | €40,416 | €52,032 | +€11,616 | +28.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €2,032 | +€2,032 | |
| Distributable reserves | 133 | - | €2,032 | +€2,032 | |
| Profit (loss) carried forward | 14 | -€9,584 | - | +€9,584 | |
| Amounts payable | 17/49 | €13,304 | €3,756 | -€9,547 | -71.8% |
| Amounts payable within one year | 42/48 | €7,304 | €3,756 | -€3,547 | -48.6% |
| Trade debts | 44 | €4,670 | €1,081 | -€3,589 | -76.9% |
| Suppliers | 440/4 | €4,670 | €1,081 | -€3,589 | -76.9% |
| Taxes, remuneration and social security | 45 | €1,934 | €1,123 | -€811 | -41.9% |
| Taxes | 450/3 | €1,462 | €1,123 | -€339 | -23.2% |
| Remuneration and social security | 454/9 | €472 | - | -€472 | |
| Other amounts payable | 47/48 | €700 | €1,552 | +€853 | +121.8% |
| Accrued charges and deferred income | 492/3 | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €6,066 | - | -€6,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,527 | €2,156 | -€371 | -14.7% |
| Other operating charges | 640/8 | €937 | €889 | -€48 | -5.2% |
| Gross operating margin | 9900 | €871 | €16,373 | +€15,502 | +1780.6% |
| Operating profit (loss) | 9901 | -€8,659 | €13,328 | +€21,987 | |
| Financial income | 75/76B | €177 | €5 | -€173 | -97.4% |
| Recurring financial income | 75 | €177 | €5 | -€173 | -97.4% |
| Financial charges | 65/66B | €1,101 | €1,481 | +€380 | +34.5% |
| Recurring financial charges | 65 | €1,101 | €1,481 | +€380 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,584 | €11,852 | +€21,435 | |
| Income taxes | 67/77 | - | €236 | +€236 | |
| Profit (loss) for the period | 9904 | -€9,584 | €11,616 | +€21,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,584 | €11,616 | +€21,199 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.