Alba3: 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.
Alba3
Largest movements
- Current investments +€150,000
up €150,000 (+88.8%), from €169,000 to €319,000
- Cash +€146,571
up €146,571 (+112.6%), from €130,172 to €276,743
mainly Net result for the year (+€234,983) and Receivables within one year (+€35,560)
- Receivables within one year -€35,560
down €35,560 (-36.6%), from €97,230 to €61,670
of which Trade receivables: -€42,725
- Tangible fixed assets -€10,906
down €10,906 (-100.0%), from €10,906 to €0
- Reserves +€234,983
up €234,983 (+76.8%), from €305,991 to €540,973
- Tax, wage and social debts +€27,396
up €27,396 (+39.6%), from €69,214 to €96,610
of which Taxes: +€28,646
- Current portion of long-term debt -€7,975
down €7,975 (-50.9%), from €15,672 to €7,697
- Debts after one year -€7,697
down €7,697 (-100.0%), from €7,697 to €0
- Gross operating margin +€111,643
up €111,643 (+47.8%), from €233,594 to €345,237
- Taxes +€29,961
up €29,961 (+45.1%), from €66,372 to €96,333
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 | €408,416 | €660,076 | +€251,660 | +61.6% |
| Fixed assets | 21/28 | €10,906 | €0 | -€10,906 | -100.0% |
| Tangible fixed assets | 22/27 | €10,906 | €0 | -€10,906 | -100.0% |
| Furniture and vehicles | 24 | €10,906 | €0 | -€10,906 | -100.0% |
| Current assets | 29/58 | €397,510 | €660,076 | +€262,566 | +66.1% |
| Amounts receivable within one year | 40/41 | €97,230 | €61,670 | -€35,560 | -36.6% |
| Trade receivables | 40 | €97,230 | €54,505 | -€42,725 | -43.9% |
| Other amounts receivable | 41 | - | €7,165 | +€7,165 | |
| Current investments | 50/53 | €169,000 | €319,000 | +€150,000 | +88.8% |
| Cash at bank and in hand | 54/58 | €130,172 | €276,743 | +€146,571 | +112.6% |
| Deferred charges and accrued income | 490/1 | €1,108 | €2,662 | +€1,555 | +140.4% |
| Total equity and liabilities | 10/49 | €408,416 | €660,076 | +€251,660 | +61.6% |
| Equity | 10/15 | €310,991 | €545,973 | +€234,983 | +75.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €305,991 | €540,973 | +€234,983 | +76.8% |
| Distributable reserves | 133 | €305,991 | €540,973 | +€234,983 | +76.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €97,425 | €114,103 | +€16,678 | +17.1% |
| Amounts payable after more than one year | 17 | €7,697 | €0 | -€7,697 | -100.0% |
| Financial debts | 170/4 | €7,697 | €0 | -€7,697 | -100.0% |
| Amounts payable within one year | 42/48 | €89,728 | €114,103 | +€24,375 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €15,672 | €7,697 | -€7,975 | -50.9% |
| Trade debts | 44 | €0 | €558 | +€558 | |
| Suppliers | 440/4 | €0 | €558 | +€558 | |
| Taxes, remuneration and social security | 45 | €69,214 | €96,610 | +€27,396 | +39.6% |
| Taxes | 450/3 | €67,964 | €96,610 | +€28,646 | +42.1% |
| Remuneration and social security | 454/9 | €1,250 | €0 | -€1,250 | -100.0% |
| Other amounts payable | 47/48 | €4,842 | €9,238 | +€4,396 | +90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,954 | €10,906 | -€1,048 | -8.8% |
| Other operating charges | 640/8 | €883 | €1,537 | +€654 | +74.0% |
| Gross operating margin | 9900 | €233,594 | €345,237 | +€111,643 | +47.8% |
| Operating profit (loss) | 9901 | €220,757 | €332,794 | +€112,037 | +50.8% |
| Financial charges | 65/66B | €2,325 | €1,478 | -€847 | -36.4% |
| Recurring financial charges | 65 | €2,325 | €1,478 | -€847 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €218,432 | €331,316 | +€112,884 | +51.7% |
| Income taxes | 67/77 | €66,372 | €96,333 | +€29,961 | +45.1% |
| Profit (loss) for the period | 9904 | €152,060 | €234,983 | +€82,922 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €152,060 | €234,983 | +€82,922 | +54.5% |
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 4 October 2026 via checked.be.