ALBALI: 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.
ALBALI
Largest movements
- Tangible fixed assets -€124,097
down €124,097 (-5.6%), from €2.2m to €2.1m
of which Plant, machinery and equipment: -€100,192
- Cash -€44,346
down €44,346 (-94.5%), from €46,932 to €2,587
mainly Debts after one year (-€174,959) and Receivables within one year (-€5,136)
- Debts after one year -€174,959
down €174,959 (-12.4%), from €1.4m to €1.2m
- Depreciation +€25,482
up €25,482 (+25.8%), from €98,615 to €124,097
- Taxes -€11,091
down €11,091 (-100%), from €11,091 to €0
- Financial charges +€7,782
up €7,782 (+20.5%), from €37,949 to €45,731
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.
Derived cash bridge
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 | €2,270,084 | €2,106,828 | -€163,256 | -7.2% |
| Fixed assets | 21/28 | €2,212,202 | €2,088,105 | -€124,097 | -5.6% |
| Tangible fixed assets | 22/27 | €2,212,202 | €2,088,105 | -€124,097 | -5.6% |
| Land and buildings | 22 | €1,346,016 | €1,322,110 | -€23,905 | -1.8% |
| Plant, machinery and equipment | 23 | €866,187 | €765,995 | -€100,192 | -11.6% |
| Current assets | 29/58 | €57,882 | €18,723 | -€39,159 | -67.7% |
| Amounts receivable within one year | 40/41 | €9,864 | €15,000 | +€5,136 | +52.1% |
| Trade receivables | 40 | €3,955 | €0 | -€3,955 | -100% |
| Other amounts receivable | 41 | €5,909 | €15,000 | +€9,091 | +154% |
| Cash at bank and in hand | 54/58 | €46,932 | €2,587 | -€44,346 | -94.5% |
| Deferred charges and accrued income | 490/1 | €1,085 | €1,136 | +€51 | +4.7% |
| Total equity and liabilities | 10/49 | €2,270,084 | €2,106,828 | -€163,256 | -7.2% |
| Equity | 10/15 | €674,522 | €685,707 | +€11,185 | +1.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €174,522 | €185,707 | +€11,185 | +6.4% |
| Non-distributable reserves | 130/1 | €8,726 | €8,726 | = | 0.0% |
| Legal reserve | 130 | €8,726 | €8,726 | = | 0.0% |
| Distributable reserves | 133 | €165,796 | €176,981 | +€11,185 | +6.7% |
| Amounts payable | 17/49 | €1,595,562 | €1,421,121 | -€174,441 | -10.9% |
| Amounts payable after more than one year | 17 | €1,411,717 | €1,236,759 | -€174,959 | -12.4% |
| Financial debts | 170/4 | €1,411,717 | €1,236,759 | -€174,959 | -12.4% |
| Amounts payable within one year | 42/48 | €183,845 | €184,363 | +€518 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €169,994 | €174,959 | +€4,964 | +2.9% |
| Trade debts | 44 | €3,937 | €0 | -€3,937 | -100% |
| Suppliers | 440/4 | €3,937 | €0 | -€3,937 | -100% |
| Taxes, remuneration and social security | 45 | €9,914 | €9,404 | -€510 | -5.1% |
| Taxes | 450/3 | €9,914 | €9,404 | -€510 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,615 | €124,097 | +€25,482 | +25.8% |
| Other operating charges | 640/8 | €11,249 | €11,601 | +€352 | +3.1% |
| Gross operating margin | 9900 | €192,178 | €192,001 | -€177 | -0.1% |
| Operating profit (loss) | 9901 | €82,313 | €56,303 | -€26,010 | -31.6% |
| Financial income | 75/76B | - | €613 | +€613 | |
| Recurring financial income | 75 | - | €613 | +€613 | |
| Financial charges | 65/66B | €37,949 | €45,731 | +€7,782 | +20.5% |
| Recurring financial charges | 65 | €37,949 | €45,731 | +€7,782 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €44,364 | €11,185 | -€33,179 | -74.8% |
| Income taxes | 67/77 | €11,091 | €0 | -€11,091 | -100% |
| Profit (loss) for the period | 9904 | €33,273 | €11,185 | -€22,088 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,273 | €11,185 | -€22,088 | -66.4% |
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 15 October 2026 via checked.be.