ALBA.M.VE.: 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.M.VE.
Largest movements
- Current assets +€6,501
up €6,501 (+9.6%), from €67,834 to €74,335
of which Receivables within one year: +€6,325
- Tangible fixed assets -€4,629
down €4,629 (-23.6%), from €19,576 to €14,948
- Equity +€12,960
up €12,960 (+41.8%), from €31,006 to €43,965
of which Profit (loss) carried forward: +€26,635
- Debts within one year -€6,853
down €6,853 (-15.0%), from €45,598 to €38,745
- Debts after one year -€4,235
down €4,235 (-39.2%), from €10,806 to €6,571
- Gross operating margin -€2,921
down €2,921 (-4.6%), from €63,306 to €60,385
- Depreciation -€2,699
down €2,699 (-36.8%), from €7,328 to €4,629
- Taxes +€1,303
up €1,303 (+337%), from €387 to €1,689
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,410 | €89,282 | +€1,872 | +2.1% |
| Fixed assets | 21/28 | €19,576 | €14,948 | -€4,629 | -23.6% |
| Tangible fixed assets | 22/27 | €19,576 | €14,948 | -€4,629 | -23.6% |
| Current assets | 29/58 | €67,834 | €74,335 | +€6,501 | +9.6% |
| Amounts receivable within one year | 40/41 | €67,049 | €73,375 | +€6,325 | +9.4% |
| Cash at bank and in hand | 54/58 | €508 | - | -€508 | |
| Total equity and liabilities | 10/49 | €87,410 | €89,282 | +€1,872 | +2.1% |
| Equity | 10/15 | €31,006 | €43,965 | +€12,960 | +41.8% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €41,653 | €27,977 | -€13,676 | -32.8% |
| Profit (loss) carried forward | 14 | -€16,847 | €9,789 | +€26,635 | |
| Amounts payable | 17/49 | €56,404 | €45,317 | -€11,088 | -19.7% |
| Amounts payable after more than one year | 17 | €10,806 | €6,571 | -€4,235 | -39.2% |
| Amounts payable within one year | 42/48 | €45,598 | €38,745 | -€6,853 | -15.0% |
| Trade debts | 44 | €13,524 | €12,155 | -€1,370 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,328 | €4,629 | -€2,699 | -36.8% |
| Gross operating margin | 9900 | €63,306 | €60,385 | -€2,921 | -4.6% |
| Operating profit (loss) | 9901 | €345 | €10,838 | +€10,493 | +3,043% |
| Recurring financial income | 75 | €3,576 | €5,125 | +€1,550 | +43.3% |
| Recurring financial charges | 65 | €1,951 | €1,314 | -€637 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €1,969 | €14,649 | +€12,680 | +644% |
| Income taxes | 67/77 | €387 | €1,689 | +€1,303 | +337% |
| Profit (loss) for the period | 9904 | €1,583 | €12,960 | +€11,377 | +719% |
| Profit (loss) for the period to be appropriated | 9905 | €1,583 | €12,960 | +€11,377 | +719% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.