ALBANIMMO: 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.
ALBANIMMO
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+4,614%), from €30,956 to €1.5m
of which Land and buildings: +€1.5m
- Receivables within one year +€527,341
up €527,341 (+4,094%), from €12,882 to €540,223
of which Other amounts receivable: +€531,295
- Deferred charges and accrued income +€31,984
up €31,984 (+4,478%), from €714 to €32,699
- Cash -€29,405
down €29,405 (-75.9%), from €38,741 to €9,336
mainly Investment in fixed assets (net) (-€1.5m) and Receivables within one year (-€527,341)
- Debts after one year +€907,335
new in 2025: €907,335
- Reserves +€844,121
up €844,121 (+3,958%), from €21,329 to €865,449
of which Tax-exempt reserves: +€844,121
- Provisions +€281,374
new in 2025: €281,374
- Other debts -€86,613
down €86,613 (-23.9%), from €362,149 to €275,536
- Profit (loss) carried forward -€75,984
down €75,984 (-66.3%), from €114,603 to €38,619
- Gross operating margin +€1.1m
up €1.1m (+2,616%), from €43,247 to €1.2m
- Depreciation +€79,262
up €79,262 (+278%), from €28,524 to €107,786
- Financial charges +€20,564
up €20,564 (+222%), from €9,264 to €29,828
- Financial income +€14,922
up €14,922 (+49,740%), from €30 to €14,952
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 | €600,048 | €2,526,137 | +€1.9m | +321% |
| Fixed assets | 21/28 | €547,710 | €1,943,879 | +€1.4m | +255% |
| Intangible fixed assets | 21 | €24,533 | €0 | -€24,533 | -100% |
| Tangible fixed assets | 22/27 | €30,956 | €1,459,258 | +€1.4m | +4,614% |
| Land and buildings | 22 | - | €1,459,258 | +€1.5m | |
| Furniture and vehicles | 24 | €453 | €0 | -€453 | -100% |
| Other tangible fixed assets | 26 | €30,503 | €0 | -€30,503 | -100% |
| Financial fixed assets | 28 | €492,221 | €484,621 | -€7,600 | -1.5% |
| Current assets | 29/58 | €52,338 | €582,258 | +€529,920 | +1,013% |
| Amounts receivable within one year | 40/41 | €12,882 | €540,223 | +€527,341 | +4,094% |
| Trade receivables | 40 | €8,670 | €4,715 | -€3,955 | -45.6% |
| Other amounts receivable | 41 | €4,213 | €535,508 | +€531,295 | +12,611% |
| Cash at bank and in hand | 54/58 | €38,741 | €9,336 | -€29,405 | -75.9% |
| Deferred charges and accrued income | 490/1 | €714 | €32,699 | +€31,984 | +4,478% |
| Total equity and liabilities | 10/49 | €600,048 | €2,526,137 | +€1.9m | +321% |
| Equity | 10/15 | €235,932 | €1,004,068 | +€768,137 | +326% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €21,329 | €865,449 | +€844,121 | +3,958% |
| Tax-exempt reserves | 132 | - | €844,121 | +€844,121 | |
| Distributable reserves | 133 | €21,329 | €21,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,603 | €38,619 | -€75,984 | -66.3% |
| Provisions and deferred taxes | 16 | - | €281,374 | +€281,374 | |
| Deferred taxes | 168 | - | €281,374 | +€281,374 | |
| Amounts payable | 17/49 | €364,116 | €1,240,695 | +€876,579 | +241% |
| Amounts payable after more than one year | 17 | - | €907,335 | +€907,335 | |
| Financial debts | 170/4 | - | €907,335 | +€907,335 | |
| Amounts payable within one year | 42/48 | €364,116 | €331,860 | -€32,256 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | - | €50,301 | +€50,301 | |
| Trade debts | 44 | €954 | €2,290 | +€1,336 | +140% |
| Suppliers | 440/4 | €954 | €2,290 | +€1,336 | +140% |
| Taxes, remuneration and social security | 45 | €1,013 | €3,733 | +€2,720 | +268% |
| Taxes | 450/3 | €1,013 | €3,733 | +€2,720 | +268% |
| Other amounts payable | 47/48 | €362,149 | €275,536 | -€86,613 | -23.9% |
| Accrued charges and deferred income | 492/3 | €0 | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | - | €1,144,511 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,524 | €107,786 | +€79,262 | +278% |
| Other operating charges | 640/8 | €542 | €2,483 | +€1,940 | +358% |
| Gross operating margin | 9900 | €43,247 | €1,174,655 | +€1.1m | +2,616% |
| Operating profit (loss) | 9901 | €14,180 | €1,064,386 | +€1.1m | +7,406% |
| Financial income | 75/76B | €30 | €14,952 | +€14,922 | +49,740% |
| Recurring financial income | 75 | €30 | €14,952 | +€14,922 | +49,740% |
| Financial charges | 65/66B | €9,264 | €29,828 | +€20,564 | +222% |
| Recurring financial charges | 65 | €9,264 | €29,828 | +€20,564 | +222% |
| Profit (loss) for the period before taxes | 9903 | €4,947 | €1,049,510 | +€1.0m | +21,117% |
| Transfer from deferred taxes | 780 | - | €4,754 | +€4,754 | |
| Transfer to deferred taxes | 680 | - | €286,128 | +€286,128 | |
| Income taxes | 67/77 | €1,013 | €0 | -€1,013 | -100% |
| Profit (loss) for the period | 9904 | €3,933 | €768,137 | +€764,203 | +19,429% |
| Transfer from tax-exempt reserves | 789 | - | €14,263 | +€14,263 | |
| Transfer to tax-exempt reserves | 689 | - | €858,383 | +€858,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,933 | -€75,984 | -€79,917 |
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 14 October 2026 via checked.be.