ALBAKOR: 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.
ALBAKOR
Largest movements
- Receivables within one year -€33,248
down €33,248 (-63.3%), from €52,489 to €19,241
of which Trade receivables: -€28,856
- Cash +€21,312
up €21,312 (+76.7%), from €27,776 to €49,088
mainly Advances received (+€39,977) and Receivables within one year (+€33,248)
- Tangible fixed assets -€14,585
down €14,585 (-17.1%), from €85,535 to €70,951
of which Furniture and vehicles: -€11,402
- Stocks and contracts +€12,595
up €12,595 (+18.6%), from €67,553 to €80,149
- Trade debts -€48,531
down €48,531 (-25.0%), from €193,796 to €145,264
- Advances received +€39,977
up €39,977 (+116.7%), from €34,250 to €74,227
- Tax, wage and social debts -€4,992
down €4,992 (-70.5%), from €7,082 to €2,090
- Turnover -€289,992
down €289,992 (-29.5%), from €983,044 to €693,052
- Purchases and services -€255,880
down €255,880 (-28.2%), from €906,757 to €650,877
- Gross operating margin -€37,543
down €37,543 (-43.9%), from €85,469 to €47,926
- Staff costs -€36,331
down €36,331 (-61.1%), from €59,430 to €23,099
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 | €263,578 | €251,060 | -€12,519 | -4.7% |
| Fixed assets | 21/28 | €115,760 | €101,176 | -€14,585 | -12.6% |
| Tangible fixed assets | 22/27 | €85,535 | €70,951 | -€14,585 | -17.1% |
| Plant, machinery and equipment | 23 | €16,240 | €13,057 | -€3,182 | -19.6% |
| Furniture and vehicles | 24 | €69,296 | €57,893 | -€11,402 | -16.5% |
| Financial fixed assets | 28 | €30,225 | €30,225 | = | 0.0% |
| Current assets | 29/58 | €147,818 | €149,884 | +€2,066 | +1.4% |
| Stocks and contracts in progress | 3 | €67,553 | €80,149 | +€12,595 | +18.6% |
| Stocks | 30/36 | €67,553 | €80,149 | +€12,595 | +18.6% |
| Amounts receivable within one year | 40/41 | €52,489 | €19,241 | -€33,248 | -63.3% |
| Trade receivables | 40 | €34,416 | €5,560 | -€28,856 | -83.8% |
| Other amounts receivable | 41 | €18,073 | €13,682 | -€4,391 | -24.3% |
| Cash at bank and in hand | 54/58 | €27,776 | €49,088 | +€21,312 | +76.7% |
| Deferred charges and accrued income | 490/1 | - | €1,406 | +€1,406 | |
| Total equity and liabilities | 10/49 | €263,578 | €251,060 | -€12,519 | -4.7% |
| Equity | 10/15 | €28,451 | €29,479 | +€1,028 | +3.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Capital | 10 | €7,500 | €7,500 | = | 0.0% |
| Issued capital | 100 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,951 | €21,979 | +€1,028 | +4.9% |
| Amounts payable | 17/49 | €235,128 | €221,581 | -€13,547 | -5.8% |
| Amounts payable within one year | 42/48 | €235,128 | €221,581 | -€13,547 | -5.8% |
| Trade debts | 44 | €193,796 | €145,264 | -€48,531 | -25.0% |
| Suppliers | 440/4 | €193,796 | €145,264 | -€48,531 | -25.0% |
| Advances received on contracts in progress | 46 | €34,250 | €74,227 | +€39,977 | +116.7% |
| Taxes, remuneration and social security | 45 | €7,082 | €2,090 | -€4,992 | -70.5% |
| Remuneration and social security | 454/9 | €7,082 | €2,090 | -€4,992 | -70.5% |
| Turnover | 70 | €983,044 | €693,052 | -€289,992 | -29.5% |
| Non-recurring operating income | 76A | €9,182 | €5,751 | -€3,431 | -37.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €906,757 | €650,877 | -€255,880 | -28.2% |
| Remuneration, social security and pensions | 62 | €59,430 | €23,099 | -€36,331 | -61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,369 | €14,585 | -€6,784 | -31.7% |
| Other operating charges | 640/8 | €4,802 | €3,442 | -€1,360 | -28.3% |
| Gross operating margin | 9900 | €85,469 | €47,926 | -€37,543 | -43.9% |
| Operating profit (loss) | 9901 | -€132 | €6,801 | +€6,932 | |
| Financial income | 75/76B | - | €269 | +€269 | |
| Recurring financial income | 75 | - | €269 | +€269 | |
| Financial charges | 65/66B | €2,297 | €3,938 | +€1,641 | +71.5% |
| Recurring financial charges | 65 | €2,297 | €3,938 | +€1,641 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,428 | €3,132 | +€5,560 | |
| Income taxes | 67/77 | €5,982 | €2,104 | -€3,878 | -64.8% |
| Profit (loss) for the period | 9904 | -€8,410 | €1,028 | +€9,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,410 | €1,028 | +€9,438 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.