ALBA Group: 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 Group
Largest movements
- Cash -€25,340
down €25,340 (-69.9%), from €36,276 to €10,935
mainly Debts after one year (-€20,350) and Net result for the year (-€19,954)
- Receivables within one year -€14,232
down €14,232 (-19.0%), from €74,932 to €60,700
of which Trade receivables: -€19,566
- Deferred charges and accrued income +€6,831
up €6,831 (+182%), from €3,756 to €10,587
- Tangible fixed assets -€5,044
down €5,044 (-82.0%), from €6,149 to €1,105
of which Furniture and vehicles: -€4,384
- Debts after one year -€20,350
down €20,350 (-41.3%), from €49,301 to €28,951
- Profit (loss) carried forward -€19,954
down €19,954 (-72.7%), from €27,441 to €7,487
- Trade debts -€8,911
down €8,911 (-54.5%), from €16,342 to €7,431
- Current portion of long-term debt +€8,290
up €8,290 (+339%), from €2,443 to €10,732
- Tax, wage and social debts +€3,140
up €3,140 (+29.7%), from €10,587 to €13,727
of which Remuneration and social security: +€2,793
- Staff costs +€24,689
up €24,689 (+20.6%), from €120,132 to €144,821
- Gross operating margin -€22,587
down €22,587 (-14.8%), from €152,836 to €130,249
- Taxes -€7,485
down €7,485 (-93.7%), from €7,986 to €501
- Depreciation -€2,794
down €2,794 (-80.9%), from €3,454 to €660
- Financial charges +€2,436
up €2,436 (+136%), from €1,796 to €4,232
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 | €121,113 | €83,327 | -€37,785 | -31.2% |
| Fixed assets | 21/28 | €6,149 | €1,105 | -€5,044 | -82.0% |
| Tangible fixed assets | 22/27 | €6,149 | €1,105 | -€5,044 | -82.0% |
| Plant, machinery and equipment | 23 | €1,765 | €1,105 | -€660 | -37.4% |
| Furniture and vehicles | 24 | €4,384 | - | -€4,384 | |
| Current assets | 29/58 | €114,964 | €82,222 | -€32,742 | -28.5% |
| Amounts receivable within one year | 40/41 | €74,932 | €60,700 | -€14,232 | -19.0% |
| Trade receivables | 40 | €39,554 | €19,987 | -€19,566 | -49.5% |
| Other amounts receivable | 41 | €35,378 | €40,713 | +€5,334 | +15.1% |
| Cash at bank and in hand | 54/58 | €36,276 | €10,935 | -€25,340 | -69.9% |
| Deferred charges and accrued income | 490/1 | €3,756 | €10,587 | +€6,831 | +182% |
| Total equity and liabilities | 10/49 | €121,113 | €83,327 | -€37,785 | -31.2% |
| Equity | 10/15 | €42,441 | €22,487 | -€19,954 | -47.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,441 | €7,487 | -€19,954 | -72.7% |
| Amounts payable | 17/49 | €78,672 | €60,841 | -€17,831 | -22.7% |
| Amounts payable after more than one year | 17 | €49,301 | €28,951 | -€20,350 | -41.3% |
| Financial debts | 170/4 | €49,301 | €28,951 | -€20,350 | -41.3% |
| Amounts payable within one year | 42/48 | €29,371 | €31,890 | +€2,519 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €2,443 | €10,732 | +€8,290 | +339% |
| Trade debts | 44 | €16,342 | €7,431 | -€8,911 | -54.5% |
| Suppliers | 440/4 | €16,342 | €7,431 | -€8,911 | -54.5% |
| Taxes, remuneration and social security | 45 | €10,587 | €13,727 | +€3,140 | +29.7% |
| Taxes | 450/3 | €9,872 | €10,219 | +€347 | +3.5% |
| Remuneration and social security | 454/9 | €715 | €3,508 | +€2,793 | +391% |
| Non-recurring operating income | 76A | - | €9,418 | +€9,418 | |
| Remuneration, social security and pensions | 62 | €120,132 | €144,821 | +€24,689 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,454 | €660 | -€2,794 | -80.9% |
| Other operating charges | 640/8 | €945 | €1,980 | +€1,035 | +109% |
| Gross operating margin | 9900 | €152,836 | €130,249 | -€22,587 | -14.8% |
| Operating profit (loss) | 9901 | €28,305 | -€17,211 | -€45,516 | |
| Financial income | 75/76B | €1,773 | €1,990 | +€217 | +12.3% |
| Recurring financial income | 75 | €1,773 | €1,990 | +€217 | +12.3% |
| Financial charges | 65/66B | €1,796 | €4,232 | +€2,436 | +136% |
| Recurring financial charges | 65 | €1,796 | €4,232 | +€2,436 | +136% |
| Profit (loss) for the period before taxes | 9903 | €28,282 | -€19,453 | -€47,735 | |
| Income taxes | 67/77 | €7,986 | €501 | -€7,485 | -93.7% |
| Profit (loss) for the period | 9904 | €20,295 | -€19,954 | -€40,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,295 | -€19,954 | -€40,249 |
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 22 October 2026 via checked.be.