ALBADO: 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.
ALBADO
Largest movements
- Tangible fixed assets -€41,611
down €41,611 (-17.0%), from €244,341 to €202,730
of which Leasing and similar rights: -€22,929
- Profit (loss) carried forward -€51,093
down €51,093 (-14.4%), from -€355,891 to -€406,984
- Other debts +€48,907
up €48,907 (+19.8%), from €246,546 to €295,453
- Debts after one year -€26,085
down €26,085 (-22.1%), from €118,072 to €91,987
- Reserves -€9,396
down €9,396 (-7.4%), from €127,227 to €117,831
of which Tax-exempt reserves: -€9,396
- Provisions -€4,838
down €4,838 (-20.0%), from €24,154 to €19,316
- Depreciation -€3,008
down €3,008 (-5.9%), from €51,312 to €48,303
- Gross operating margin +€1,662
up €1,662 (+17.0%), from -€9,777 to -€8,115
- Financial charges -€946
down €946 (-15.5%), from €6,100 to €5,154
- Taxes -€280
down €280, from €79 to -€201
- Other operating charges +€110
up €110 (+2.9%), from €3,845 to €3,955
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 | €250,722 | €209,107 | -€41,615 | -16.6% |
| Fixed assets | 21/28 | €244,341 | €202,730 | -€41,611 | -17.0% |
| Tangible fixed assets | 22/27 | €244,341 | €202,730 | -€41,611 | -17.0% |
| Land and buildings | 22 | €40,037 | €39,018 | -€1,019 | -2.5% |
| Plant, machinery and equipment | 23 | €2,288 | €1,823 | -€465 | -20.3% |
| Furniture and vehicles | 24 | €47,914 | €35,602 | -€12,312 | -25.7% |
| Leasing and similar rights | 25 | €114,471 | €91,542 | -€22,929 | -20.0% |
| Other tangible fixed assets | 26 | €39,631 | €34,745 | -€4,886 | -12.3% |
| Current assets | 29/58 | €6,381 | €6,376 | -€4 | -0.1% |
| Amounts receivable within one year | 40/41 | €2,783 | €2,610 | -€173 | -6.2% |
| Trade receivables | 40 | €2,042 | €1,134 | -€908 | -44.4% |
| Other amounts receivable | 41 | €741 | €1,476 | +€735 | +99.1% |
| Cash at bank and in hand | 54/58 | €2,852 | €2,994 | +€142 | +5.0% |
| Deferred charges and accrued income | 490/1 | €745 | €772 | +€27 | +3.6% |
| Total equity and liabilities | 10/49 | €250,722 | €209,107 | -€41,615 | -16.6% |
| Equity | 10/15 | -€166,664 | -€227,152 | -€60,489 | -36.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €127,227 | €117,831 | -€9,396 | -7.4% |
| Non-distributable reserves | 130/1 | €4,298 | €4,298 | = | 0.0% |
| Legal reserve | 130 | €4,298 | €4,298 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,844 | €59,449 | -€9,396 | -13.6% |
| Distributable reserves | 133 | €54,084 | €54,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€355,891 | -€406,984 | -€51,093 | -14.4% |
| Provisions and deferred taxes | 16 | €24,154 | €19,316 | -€4,838 | -20.0% |
| Deferred taxes | 168 | €24,154 | €19,316 | -€4,838 | -20.0% |
| Amounts payable | 17/49 | €393,231 | €416,943 | +€23,712 | +6.0% |
| Amounts payable after more than one year | 17 | €118,072 | €91,987 | -€26,085 | -22.1% |
| Financial debts | 170/4 | €118,072 | €91,987 | -€26,085 | -22.1% |
| Amounts payable within one year | 42/48 | €275,159 | €324,956 | +€49,797 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €25,109 | €26,085 | +€976 | +3.9% |
| Trade debts | 44 | €3,077 | €2,874 | -€203 | -6.6% |
| Suppliers | 440/4 | €3,077 | €2,874 | -€203 | -6.6% |
| Taxes, remuneration and social security | 45 | €428 | €544 | +€117 | +27.3% |
| Taxes | 450/3 | €428 | €544 | +€117 | +27.3% |
| Other amounts payable | 47/48 | €246,546 | €295,453 | +€48,907 | +19.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,312 | €48,303 | -€3,008 | -5.9% |
| Other operating charges | 640/8 | €3,845 | €3,955 | +€110 | +2.9% |
| Gross operating margin | 9900 | -€9,777 | -€8,115 | +€1,662 | +17.0% |
| Operating profit (loss) | 9901 | -€64,934 | -€60,374 | +€4,561 | +7.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.4% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.4% |
| Financial charges | 65/66B | €6,100 | €5,154 | -€946 | -15.5% |
| Recurring financial charges | 65 | €6,100 | €5,154 | -€946 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€71,031 | -€65,527 | +€5,503 | +7.7% |
| Transfer from deferred taxes | 780 | €4,838 | €4,838 | = | 0.0% |
| Income taxes | 67/77 | €79 | -€201 | -€280 | |
| Profit (loss) for the period | 9904 | -€66,272 | -€60,489 | +€5,783 | +8.7% |
| Transfer from tax-exempt reserves | 789 | €9,396 | €9,396 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,876 | -€51,093 | +€5,783 | +10.2% |
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 5 October 2026 via checked.be.