AlBaRo: 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.
AlBaRo
Largest movements
- Receivables within one year +€11,936
up €11,936 (+45.0%), from €26,499 to €38,435
of which Other amounts receivable: +€10,973
- Cash +€3,220
new in 2025: €3,220
mainly Net result for the year (+€17,064) and Tax, wage and social debts (+€946)
- Reserves +€16,231
up €16,231 (+65.1%), from €24,928 to €41,160
- Short-term financial debts -€3,270
no longer reported in 2025 (was €3,270)
- Tax, wage and social debts +€946
up €946 (+9.8%), from €9,674 to €10,619
- Trade debts +€781
up €781 (+17.7%), from €4,424 to €5,205
- Gross operating margin +€8,510
up €8,510 (+51.0%), from €16,670 to €25,180
- Taxes +€2,316
up €2,316 (+49.8%), from €4,651 to €6,968
- Depreciation -€2,142
no longer reported in 2025 (was €2,142)
- Financial charges -€527
down €527 (-51.1%), from €1,031 to €504
- Other operating charges -€370
down €370 (-25.2%), from €1,468 to €1,098
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 | €43,096 | €58,396 | +€15,300 | +35.5% |
| Current assets | 29/58 | €43,096 | €58,396 | +€15,300 | +35.5% |
| Amounts receivable after more than one year | 29 | €16,000 | €16,000 | = | 0.0% |
| Trade receivables | 290 | €16,000 | €16,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,499 | €38,435 | +€11,936 | +45.0% |
| Trade receivables | 40 | - | €963 | +€963 | |
| Other amounts receivable | 41 | €26,499 | €37,472 | +€10,973 | +41.4% |
| Cash at bank and in hand | 54/58 | - | €3,220 | +€3,220 | |
| Deferred charges and accrued income | 490/1 | €596 | €741 | +€144 | +24.2% |
| Total equity and liabilities | 10/49 | €43,096 | €58,396 | +€15,300 | +35.5% |
| Equity | 10/15 | €24,928 | €41,160 | +€16,231 | +65.1% |
| Reserves | 13 | €24,928 | €41,160 | +€16,231 | +65.1% |
| Distributable reserves | 133 | €24,928 | €41,160 | +€16,231 | +65.1% |
| Amounts payable | 17/49 | €18,167 | €17,237 | -€931 | -5.1% |
| Amounts payable within one year | 42/48 | €18,167 | €17,237 | -€931 | -5.1% |
| Financial debts | 43 | €3,270 | - | -€3,270 | |
| Credit institutions | 430/8 | €3,270 | - | -€3,270 | |
| Trade debts | 44 | €4,424 | €5,205 | +€781 | +17.7% |
| Suppliers | 440/4 | €4,424 | €5,205 | +€781 | +17.7% |
| Advances received on contracts in progress | 46 | - | €580 | +€580 | |
| Taxes, remuneration and social security | 45 | €9,674 | €10,619 | +€946 | +9.8% |
| Taxes | 450/3 | €9,674 | €10,619 | +€946 | +9.8% |
| Other amounts payable | 47/48 | €800 | €833 | +€33 | +4.1% |
| Remuneration, social security and pensions | 62 | €392 | €303 | -€89 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,142 | - | -€2,142 | |
| Other operating charges | 640/8 | €1,468 | €1,098 | -€370 | -25.2% |
| Gross operating margin | 9900 | €16,670 | €25,180 | +€8,510 | +51.0% |
| Operating profit (loss) | 9901 | €12,669 | €23,779 | +€11,111 | +87.7% |
| Financial income | 75/76B | €454 | €756 | +€302 | +66.5% |
| Recurring financial income | 75 | €454 | €756 | +€302 | +66.5% |
| Financial charges | 65/66B | €1,031 | €504 | -€527 | -51.1% |
| Recurring financial charges | 65 | €1,031 | €504 | -€527 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €12,092 | €24,032 | +€11,940 | +98.7% |
| Income taxes | 67/77 | €4,651 | €6,968 | +€2,316 | +49.8% |
| Profit (loss) for the period | 9904 | €7,441 | €17,064 | +€9,624 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €7,441 | €17,064 | +€9,624 | +129% |
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 19 October 2026 via checked.be.