ALBACTIVA: 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.
ALBACTIVA
Largest movements
- Stocks and contracts -€177,571
down €177,571 (-5.7%), from €3.1m to €3.0m
- Receivables within one year -€75,556
down €75,556 (-92.3%), from €81,867 to €6,311
of which Other amounts receivable: -€38,388
- Short-term financial debts -€513,739
down €513,739 (-18.8%), from €2.7m to €2.2m
- Advances received +€356,508
up €356,508, from €0 to €356,508
- Trade debts -€156,922
down €156,922 (-42.4%), from €369,804 to €212,882
- Profit (loss) carried forward +€98,337
up €98,337 (+95.9%), from -€102,534 to -€4,197
- Gross operating margin +€149,758
up €149,758, from -€26,545 to €123,213
- Financial charges -€88,275
down €88,275 (-79.6%), from €110,914 to €22,639
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 | €3,286,693 | €3,058,421 | -€228,272 | -6.9% |
| Fixed assets | 21/28 | €1,475 | €853 | -€622 | -42.2% |
| Tangible fixed assets | 22/27 | €1,475 | €853 | -€622 | -42.2% |
| Plant, machinery and equipment | 23 | €1,475 | €853 | -€622 | -42.2% |
| Current assets | 29/58 | €3,285,218 | €3,057,568 | -€227,650 | -6.9% |
| Stocks and contracts in progress | 3 | €3,140,125 | €2,962,554 | -€177,571 | -5.7% |
| Stocks | 30/36 | €3,140,125 | €2,962,554 | -€177,571 | -5.7% |
| Amounts receivable within one year | 40/41 | €81,867 | €6,311 | -€75,556 | -92.3% |
| Trade receivables | 40 | €39,634 | €2,466 | -€37,168 | -93.8% |
| Other amounts receivable | 41 | €42,233 | €3,845 | -€38,388 | -90.9% |
| Cash at bank and in hand | 54/58 | €62,679 | €88,156 | +€25,477 | +40.6% |
| Deferred charges and accrued income | 490/1 | €547 | €547 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €3,286,693 | €3,058,421 | -€228,272 | -6.9% |
| Equity | 10/15 | -€2,534 | €95,803 | +€98,337 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,534 | -€4,197 | +€98,337 | +95.9% |
| Amounts payable | 17/49 | €3,289,227 | €2,962,618 | -€326,609 | -9.9% |
| Amounts payable within one year | 42/48 | €3,289,227 | €2,962,618 | -€326,609 | -9.9% |
| Financial debts | 43 | €2,727,995 | €2,214,257 | -€513,739 | -18.8% |
| Credit institutions | 430/8 | €2,727,995 | €2,214,257 | -€513,739 | -18.8% |
| Trade debts | 44 | €369,804 | €212,882 | -€156,922 | -42.4% |
| Suppliers | 440/4 | €369,804 | €212,882 | -€156,922 | -42.4% |
| Advances received on contracts in progress | 46 | €0 | €356,508 | +€356,508 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €191,427 | €178,972 | -€12,455 | -6.5% |
| Remuneration, social security and pensions | 62 | €19 | €0 | -€19 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €1,691 | -€126 | -6.9% |
| Other operating charges | 640/8 | €1,038 | €546 | -€492 | -47.4% |
| Gross operating margin | 9900 | -€26,545 | €123,213 | +€149,758 | |
| Operating profit (loss) | 9901 | -€29,419 | €120,975 | +€150,395 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €110,914 | €22,639 | -€88,275 | -79.6% |
| Recurring financial charges | 65 | €110,914 | €22,639 | -€88,275 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | -€140,334 | €98,337 | +€238,671 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€140,334 | €98,337 | +€238,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€140,334 | €98,337 | +€238,671 |
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 3 October 2026 via checked.be.