Albas Management: 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.
Albas Management
Largest movements
- Cash +€72,611
up €72,611 (+264.4%), from €27,466 to €100,077
mainly Other debts (+€248,904) and Net result for the year (+€98,268)
- Financial fixed assets -€55,000
down €55,000 (-5.0%), from €1.1m to €1.1m
- Tangible fixed assets -€17,672
down €17,672 (-16.1%), from €110,084 to €92,412
of which Furniture and vehicles: -€16,234
- Reserves -€254,673
down €254,673 (-28.1%), from €905,467 to €650,793
- Other debts +€248,904
up €248,904 (+111.1%), from €224,119 to €473,022
- Tax, wage and social debts +€44,561
up €44,561 (+514.3%), from €8,665 to €53,225
- Debts after one year -€39,819
down €39,819 (-96.2%), from €41,385 to €1,566
- Financial income -€40,000
down €40,000 (-24.2%), from €165,000 to €125,000
- Gross operating margin -€17,910
down €17,910 (-46.1%), from €38,859 to €20,949
- Financial charges -€16,409
down €16,409 (-64.6%), from €25,414 to €9,005
- Taxes -€3,805
down €3,805 (-94.3%), from €4,033 to €228
- Other operating charges -€3,796
down €3,796 (-48.8%), from €7,772 to €3,976
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 | €1,274,317 | €1,264,510 | -€9,807 | -0.8% |
| Fixed assets | 21/28 | €1,220,084 | €1,147,412 | -€72,672 | -6.0% |
| Tangible fixed assets | 22/27 | €110,084 | €92,412 | -€17,672 | -16.1% |
| Plant, machinery and equipment | 23 | €277 | - | -€277 | |
| Furniture and vehicles | 24 | €108,646 | €92,412 | -€16,234 | -14.9% |
| Other tangible fixed assets | 26 | €1,161 | - | -€1,161 | |
| Financial fixed assets | 28 | €1,110,000 | €1,055,000 | -€55,000 | -5.0% |
| Current assets | 29/58 | €54,234 | €117,098 | +€62,864 | +115.9% |
| Amounts receivable within one year | 40/41 | €23,115 | €12,362 | -€10,753 | -46.5% |
| Trade receivables | 40 | €2,181 | - | -€2,181 | |
| Other amounts receivable | 41 | €20,934 | €12,362 | -€8,572 | -40.9% |
| Cash at bank and in hand | 54/58 | €27,466 | €100,077 | +€72,611 | +264.4% |
| Deferred charges and accrued income | 490/1 | €3,653 | €4,659 | +€1,006 | +27.5% |
| Total equity and liabilities | 10/49 | €1,274,317 | €1,264,510 | -€9,807 | -0.8% |
| Equity | 10/15 | €970,467 | €715,793 | -€254,673 | -26.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €905,467 | €650,793 | -€254,673 | -28.1% |
| Distributable reserves | 133 | €905,467 | €650,793 | -€254,673 | -28.1% |
| Amounts payable | 17/49 | €303,850 | €548,716 | +€244,866 | +80.6% |
| Amounts payable after more than one year | 17 | €41,385 | €1,566 | -€39,819 | -96.2% |
| Financial debts | 170/4 | €41,385 | €1,566 | -€39,819 | -96.2% |
| Amounts payable within one year | 42/48 | €262,447 | €547,150 | +€284,703 | +108.5% |
| Current portion of amounts payable after more than one year | 42 | €29,307 | €18,794 | -€10,512 | -35.9% |
| Trade debts | 44 | €358 | €2,109 | +€1,751 | +489.6% |
| Suppliers | 440/4 | €358 | €2,109 | +€1,751 | +489.6% |
| Taxes, remuneration and social security | 45 | €8,665 | €53,225 | +€44,561 | +514.3% |
| Taxes | 450/3 | €8,665 | €53,225 | +€44,561 | +514.3% |
| Other amounts payable | 47/48 | €224,119 | €473,022 | +€248,904 | +111.1% |
| Accrued charges and deferred income | 492/3 | €18 | - | -€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,622 | €33,307 | +€684 | +2.1% |
| Other operating charges | 640/8 | €7,772 | €3,976 | -€3,796 | -48.8% |
| Non-recurring operating charges | 66A | - | €1,166 | +€1,166 | |
| Gross operating margin | 9900 | €38,859 | €20,949 | -€17,910 | -46.1% |
| Operating profit (loss) | 9901 | -€1,535 | -€17,499 | -€15,964 | -1040.1% |
| Financial income | 75/76B | €165,000 | €125,000 | -€40,000 | -24.2% |
| Recurring financial income | 75 | €165,000 | €125,000 | -€40,000 | -24.2% |
| Financial charges | 65/66B | €25,414 | €9,005 | -€16,409 | -64.6% |
| Recurring financial charges | 65 | €25,414 | €9,005 | -€16,409 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €138,051 | €98,496 | -€39,555 | -28.7% |
| Income taxes | 67/77 | €4,033 | €228 | -€3,805 | -94.3% |
| Profit (loss) for the period | 9904 | €134,018 | €98,268 | -€35,750 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €134,018 | €98,268 | -€35,750 | -26.7% |
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 6 October 2026 via checked.be.