ALBAVIN: 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.
ALBAVIN
Largest movements
- Tangible fixed assets -€40,033
down €40,033 (-43.0%), from €93,202 to €53,169
of which Furniture and vehicles: -€39,239
- Receivables within one year +€20,903
up €20,903 (+39.2%), from €53,286 to €74,190
of which Trade receivables: +€19,470
- Cash +€14,693
up €14,693 (+174.0%), from €8,444 to €23,137
mainly Investment in fixed assets (net) (+€37,806) and Other debts (+€20,000)
- Stocks and contracts -€3,805
no longer reported in 2025 (was €3,805)
- Other debts +€20,000
new in 2025: €20,000
- Debts after one year -€16,096
down €16,096 (-78.8%), from €20,437 to €4,341
- Profit (loss) carried forward -€13,776
down €13,776 (-18.0%), from €76,705 to €62,929
- Tax, wage and social debts +€9,573
up €9,573 (+2074.0%), from €462 to €10,034
- Current portion of long-term debt -€6,406
down €6,406 (-28.5%), from €22,502 to €16,096
- Depreciation -€27,520
down €27,520 (-92.5%), from €29,748 to €2,228
- Gross operating margin -€13,941
down €13,941 (-39.4%), from €35,397 to €21,455
- Other operating charges +€3,186
up €3,186 (+215.5%), from €1,479 to €4,665
- Taxes -€877
down €877 (-70.1%), from €1,251 to €374
- Financial charges -€615
down €615 (-31.8%), from €1,934 to €1,319
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 | €160,209 | €150,722 | -€9,487 | -5.9% |
| Fixed assets | 21/28 | €93,202 | €53,169 | -€40,033 | -43.0% |
| Tangible fixed assets | 22/27 | €93,202 | €53,169 | -€40,033 | -43.0% |
| Land and buildings | 22 | €53,537 | €51,549 | -€1,988 | -3.7% |
| Plant, machinery and equipment | 23 | €426 | €1,620 | +€1,194 | +280.1% |
| Furniture and vehicles | 24 | €39,239 | - | -€39,239 | |
| Current assets | 29/58 | €67,006 | €97,553 | +€30,546 | +45.6% |
| Stocks and contracts in progress | 3 | €3,805 | - | -€3,805 | |
| Stocks | 30/36 | €3,805 | - | -€3,805 | |
| Amounts receivable within one year | 40/41 | €53,286 | €74,190 | +€20,903 | +39.2% |
| Trade receivables | 40 | €1,467 | €20,937 | +€19,470 | +1327.6% |
| Other amounts receivable | 41 | €51,820 | €53,253 | +€1,433 | +2.8% |
| Cash at bank and in hand | 54/58 | €8,444 | €23,137 | +€14,693 | +174.0% |
| Deferred charges and accrued income | 490/1 | €1,470 | €226 | -€1,245 | -84.6% |
| Total equity and liabilities | 10/49 | €160,209 | €150,722 | -€9,487 | -5.9% |
| Equity | 10/15 | €101,754 | €87,978 | -€13,776 | -13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,450 | €6,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,590 | €4,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,705 | €62,929 | -€13,776 | -18.0% |
| Amounts payable | 17/49 | €58,454 | €62,743 | +€4,289 | +7.3% |
| Amounts payable after more than one year | 17 | €20,437 | €4,341 | -€16,096 | -78.8% |
| Financial debts | 170/4 | €20,437 | €4,341 | -€16,096 | -78.8% |
| Amounts payable within one year | 42/48 | €38,018 | €58,402 | +€20,384 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €22,502 | €16,096 | -€6,406 | -28.5% |
| Trade debts | 44 | €15,054 | €12,272 | -€2,782 | -18.5% |
| Suppliers | 440/4 | €15,054 | €12,272 | -€2,782 | -18.5% |
| Taxes, remuneration and social security | 45 | €462 | €10,034 | +€9,573 | +2074.0% |
| Taxes | 450/3 | €462 | €10,034 | +€9,573 | +2074.0% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | - | €16,329 | +€16,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,748 | €2,228 | -€27,520 | -92.5% |
| Other operating charges | 640/8 | €1,479 | €4,665 | +€3,186 | +215.5% |
| Non-recurring operating charges | 66A | - | €27,287 | +€27,287 | |
| Gross operating margin | 9900 | €35,397 | €21,455 | -€13,941 | -39.4% |
| Operating profit (loss) | 9901 | €4,170 | -€12,725 | -€16,895 | |
| Financial income | 75/76B | €1,247 | €642 | -€605 | -48.5% |
| Recurring financial income | 75 | €1,247 | €642 | -€605 | -48.5% |
| Financial charges | 65/66B | €1,934 | €1,319 | -€615 | -31.8% |
| Recurring financial charges | 65 | €1,934 | €1,319 | -€615 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €3,482 | -€13,402 | -€16,885 | |
| Income taxes | 67/77 | €1,251 | €374 | -€877 | -70.1% |
| Profit (loss) for the period | 9904 | €2,232 | -€13,776 | -€16,007 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,232 | -€13,776 | -€16,007 |
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 11 October 2026 via checked.be.