ALBA & MEKA: 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 & MEKA
Largest movements
- Tangible fixed assets -€42,905
down €42,905 (-25.9%), from €165,586 to €122,680
of which Other tangible fixed assets: -€22,816
- Receivables within one year -€25,687
down €25,687 (-50.1%), from €51,275 to €25,587
of which Other amounts receivable: -€28,718
- Profit (loss) carried forward -€94,601
down €94,601 (-105.1%), from -€90,000 to -€184,601
- Debts after one year -€28,594
down €28,594 (-25.0%), from €114,329 to €85,736
- Trade debts +€26,732
up €26,732 (+16.4%), from €163,152 to €189,884
- Tax, wage and social debts +€14,717
up €14,717 (+83.6%), from €17,604 to €32,321
of which Remuneration and social security: +€14,354
- Accrued charges and deferred income +€7,270
up €7,270 (+89.9%), from €8,086 to €15,356
- Gross operating margin -€32,585
down €32,585 (-25.4%), from €128,157 to €95,573
- Staff costs +€15,326
up €15,326 (+11.9%), from €128,540 to €143,866
- Financial income +€1,308
up €1,308 (+27.9%), from €4,685 to €5,993
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 | €326,928 | €252,561 | -€74,367 | -22.7% |
| Formation expenses | 20 | €1,715 | €953 | -€763 | -44.5% |
| Fixed assets | 21/28 | €167,586 | €124,680 | -€42,905 | -25.6% |
| Tangible fixed assets | 22/27 | €165,586 | €122,680 | -€42,905 | -25.9% |
| Plant, machinery and equipment | 23 | €27,995 | €16,455 | -€11,541 | -41.2% |
| Furniture and vehicles | 24 | €21,795 | €13,246 | -€8,549 | -39.2% |
| Other tangible fixed assets | 26 | €115,795 | €92,980 | -€22,816 | -19.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €157,628 | €126,928 | -€30,699 | -19.5% |
| Stocks and contracts in progress | 3 | €50,646 | €50,963 | +€317 | +0.6% |
| Stocks | 30/36 | €50,646 | €50,963 | +€317 | +0.6% |
| Amounts receivable within one year | 40/41 | €51,275 | €25,587 | -€25,687 | -50.1% |
| Trade receivables | 40 | €4,792 | €7,823 | +€3,031 | +63.3% |
| Other amounts receivable | 41 | €46,483 | €17,765 | -€28,718 | -61.8% |
| Cash at bank and in hand | 54/58 | €50,971 | €48,880 | -€2,092 | -4.1% |
| Deferred charges and accrued income | 490/1 | €4,735 | €1,498 | -€3,237 | -68.4% |
| Total equity and liabilities | 10/49 | €326,928 | €252,561 | -€74,367 | -22.7% |
| Equity | 10/15 | -€5,871 | -€104,979 | -€99,108 | -1688.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,000 | -€184,601 | -€94,601 | -105.1% |
| Investment grants | 15 | €21,629 | €17,122 | -€4,507 | -20.8% |
| Amounts payable | 17/49 | €332,799 | €357,540 | +€24,741 | +7.4% |
| Amounts payable after more than one year | 17 | €114,329 | €85,736 | -€28,594 | -25.0% |
| Financial debts | 170/4 | €114,329 | €85,736 | -€28,594 | -25.0% |
| Amounts payable within one year | 42/48 | €210,383 | €256,448 | +€46,064 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €28,194 | €28,594 | +€400 | +1.4% |
| Trade debts | 44 | €163,152 | €189,884 | +€26,732 | +16.4% |
| Suppliers | 440/4 | €163,152 | €189,884 | +€26,732 | +16.4% |
| Taxes, remuneration and social security | 45 | €17,604 | €32,321 | +€14,717 | +83.6% |
| Taxes | 450/3 | €60 | €423 | +€363 | +602.3% |
| Remuneration and social security | 454/9 | €17,543 | €31,898 | +€14,354 | +81.8% |
| Other amounts payable | 47/48 | €1,434 | €5,649 | +€4,215 | +293.9% |
| Accrued charges and deferred income | 492/3 | €8,086 | €15,356 | +€7,270 | +89.9% |
| Remuneration, social security and pensions | 62 | €128,540 | €143,866 | +€15,326 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,668 | €43,668 | = | 0.0% |
| Other operating charges | 640/8 | €667 | €678 | +€12 | +1.7% |
| Gross operating margin | 9900 | €128,157 | €95,573 | -€32,585 | -25.4% |
| Operating profit (loss) | 9901 | -€44,717 | -€92,640 | -€47,923 | -107.2% |
| Financial income | 75/76B | €4,685 | €5,993 | +€1,308 | +27.9% |
| Recurring financial income | 75 | €4,685 | €5,993 | +€1,308 | +27.9% |
| Financial charges | 65/66B | €6,584 | €7,532 | +€948 | +14.4% |
| Recurring financial charges | 65 | €6,584 | €7,532 | +€948 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,616 | -€94,178 | -€47,562 | -102.0% |
| Income taxes | 67/77 | €55 | €423 | +€368 | +664.4% |
| Profit (loss) for the period | 9904 | -€46,671 | -€94,601 | -€47,930 | -102.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,671 | -€94,601 | -€47,930 | -102.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.