ALBASOL: 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.
ALBASOL
Largest movements
- Receivables within one year +€206,967
up €206,967 (+20.9%), from €989,692 to €1.2m
of which Trade receivables: +€265,453
- Financial fixed assets +€155,200
up €155,200 (+238%), from €65,319 to €220,519
- Tangible fixed assets +€83,390
up €83,390 (+67.8%), from €122,904 to €206,294
of which Furniture and vehicles: +€67,834
- Trade debts +€419,452
up €419,452 (+97.1%), from €432,150 to €851,602
- Accrued charges and deferred income +€99,183
up €99,183 (+22,645%), from €438 to €99,621
- Other debts -€86,810
down €86,810 (-80.2%), from €108,259 to €21,449
- Current portion of long-term debt +€23,404
up €23,404 (+278%), from €8,422 to €31,826
- Tax, wage and social debts -€19,434
down €19,434 (-9.5%), from €204,260 to €184,826
of which Taxes: -€18,684
- Turnover -€3.0m
no longer reported in 2024 (was €3.0m)
- Purchases and services -€2.5m
no longer reported in 2024 (was €2.5m)
- Staff costs +€201,024
up €201,024 (+144%), from €139,856 to €340,880
- Taxes -€123,657
down €123,657 (-80.9%), from €152,868 to €29,211
- Gross operating margin -€58,236
down €58,236 (-10.7%), from €543,856 to €485,620
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,291,778 | €1,740,174 | +€448,396 | +34.7% |
| Fixed assets | 21/28 | €192,957 | €430,847 | +€237,890 | +123% |
| Intangible fixed assets | 21 | €4,734 | €4,034 | -€700 | -14.8% |
| Tangible fixed assets | 22/27 | €122,904 | €206,294 | +€83,390 | +67.8% |
| Land and buildings | 22 | €47,321 | €45,524 | -€1,797 | -3.8% |
| Plant, machinery and equipment | 23 | €27,005 | €45,009 | +€18,004 | +66.7% |
| Furniture and vehicles | 24 | €45,322 | €113,156 | +€67,834 | +150% |
| Other tangible fixed assets | 26 | €3,256 | €2,605 | -€651 | -20.0% |
| Financial fixed assets | 28 | €65,319 | €220,519 | +€155,200 | +238% |
| Current assets | 29/58 | €1,098,821 | €1,309,327 | +€210,506 | +19.2% |
| Amounts receivable within one year | 40/41 | €989,692 | €1,196,659 | +€206,967 | +20.9% |
| Trade receivables | 40 | €820,593 | €1,086,046 | +€265,453 | +32.3% |
| Other amounts receivable | 41 | €169,099 | €110,613 | -€58,486 | -34.6% |
| Cash at bank and in hand | 54/58 | €109,129 | €112,168 | +€3,039 | +2.8% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €1,291,778 | €1,740,174 | +€448,396 | +34.7% |
| Equity | 10/15 | €526,509 | €521,076 | -€5,433 | -1.0% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €422,360 | €422,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €420,500 | €422,360 | +€1,860 | +0.4% |
| Profit (loss) carried forward | 14 | €87,949 | €82,516 | -€5,433 | -6.2% |
| Amounts payable | 17/49 | €765,269 | €1,219,098 | +€453,829 | +59.3% |
| Amounts payable after more than one year | 17 | €11,740 | €29,774 | +€18,034 | +154% |
| Financial debts | 170/4 | €11,740 | €29,774 | +€18,034 | +154% |
| Amounts payable within one year | 42/48 | €753,091 | €1,089,703 | +€336,612 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €8,422 | €31,826 | +€23,404 | +278% |
| Trade debts | 44 | €432,150 | €851,602 | +€419,452 | +97.1% |
| Suppliers | 440/4 | €432,150 | €851,602 | +€419,452 | +97.1% |
| Taxes, remuneration and social security | 45 | €204,260 | €184,826 | -€19,434 | -9.5% |
| Taxes | 450/3 | €187,858 | €169,174 | -€18,684 | -9.9% |
| Remuneration and social security | 454/9 | €16,402 | €15,652 | -€750 | -4.6% |
| Other amounts payable | 47/48 | €108,259 | €21,449 | -€86,810 | -80.2% |
| Accrued charges and deferred income | 492/3 | €438 | €99,621 | +€99,183 | +22,645% |
| Turnover | 70 | €2,991,546 | - | -€3.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,473,473 | - | -€2.5m | |
| Remuneration, social security and pensions | 62 | €139,856 | €340,880 | +€201,024 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,727 | €55,511 | +€15,784 | +39.7% |
| Other operating charges | 640/8 | €5,831 | €32,319 | +€26,488 | +454% |
| Non-recurring operating charges | 66A | €10,571 | €13,898 | +€3,327 | +31.5% |
| Gross operating margin | 9900 | €543,856 | €485,620 | -€58,236 | -10.7% |
| Operating profit (loss) | 9901 | €347,871 | €43,012 | -€304,859 | -87.6% |
| Financial income | 75/76B | €63,127 | €7,032 | -€56,095 | -88.9% |
| Recurring financial income | 75 | €63,127 | €668 | -€62,459 | -98.9% |
| Non-recurring financial income | 76B | - | €6,364 | +€6,364 | |
| Financial charges | 65/66B | €2,212 | €26,266 | +€24,054 | +1,087% |
| Recurring financial charges | 65 | €2,212 | €26,266 | +€24,054 | +1,087% |
| Profit (loss) for the period before taxes | 9903 | €408,786 | €23,778 | -€385,008 | -94.2% |
| Income taxes | 67/77 | €152,868 | €29,211 | -€123,657 | -80.9% |
| Profit (loss) for the period | 9904 | €255,918 | -€5,433 | -€261,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €255,918 | -€5,433 | -€261,351 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.