ALBECAM: 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.
ALBECAM
Largest movements
- Cash +€32,413
up €32,413 (+100.9%), from €32,118 to €64,531
mainly Net result for the year (+€41,308) and Tax, wage and social debts (+€13,667)
- Receivables within one year +€13,258
up €13,258 (+27.7%), from €47,933 to €61,192
of which Trade receivables: +€9,901
- Deferred charges and accrued income -€2,753
down €2,753 (-20.2%), from €13,632 to €10,878
- Tangible fixed assets +€1,805
up €1,805 (+20.8%), from €8,693 to €10,498
of which Furniture and vehicles: +€1,815
- Profit (loss) carried forward +€41,308
up €41,308 (+75.1%), from €55,034 to €96,342
- Tax, wage and social debts +€13,667
up €13,667 (+45.2%), from €30,213 to €43,880
- Other debts -€10,457
down €10,457 (-100.0%), from €10,457 to €0
- Gross operating margin -€4,986
down €4,986 (-7.6%), from €65,390 to €60,404
- Depreciation +€1,539
up €1,539 (+180.7%), from €852 to €2,391
- Taxes -€1,273
down €1,273 (-9.6%), from €13,312 to €12,040
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 | €102,375 | €147,099 | +€44,724 | +43.7% |
| Fixed assets | 21/28 | €8,693 | €10,498 | +€1,805 | +20.8% |
| Tangible fixed assets | 22/27 | €8,693 | €10,498 | +€1,805 | +20.8% |
| Furniture and vehicles | 24 | €3,958 | €5,773 | +€1,815 | +45.9% |
| Other tangible fixed assets | 26 | €4,735 | €4,726 | -€9 | -0.2% |
| Current assets | 29/58 | €93,683 | €136,601 | +€42,918 | +45.8% |
| Amounts receivable within one year | 40/41 | €47,933 | €61,192 | +€13,258 | +27.7% |
| Trade receivables | 40 | €47,933 | €57,834 | +€9,901 | +20.7% |
| Other amounts receivable | 41 | - | €3,358 | +€3,358 | |
| Cash at bank and in hand | 54/58 | €32,118 | €64,531 | +€32,413 | +100.9% |
| Deferred charges and accrued income | 490/1 | €13,632 | €10,878 | -€2,753 | -20.2% |
| Total equity and liabilities | 10/49 | €102,375 | €147,099 | +€44,724 | +43.7% |
| Equity | 10/15 | €56,034 | €97,342 | +€41,308 | +73.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,034 | €96,342 | +€41,308 | +75.1% |
| Amounts payable | 17/49 | €46,341 | €49,757 | +€3,416 | +7.4% |
| Amounts payable within one year | 42/48 | €46,341 | €49,757 | +€3,416 | +7.4% |
| Financial debts | 43 | €912 | €899 | -€13 | -1.4% |
| Credit institutions | 430/8 | €912 | €899 | -€13 | -1.4% |
| Trade debts | 44 | €4,758 | €4,978 | +€219 | +4.6% |
| Suppliers | 440/4 | €4,758 | €4,978 | +€219 | +4.6% |
| Taxes, remuneration and social security | 45 | €30,213 | €43,880 | +€13,667 | +45.2% |
| Taxes | 450/3 | €30,213 | €43,880 | +€13,667 | +45.2% |
| Other amounts payable | 47/48 | €10,457 | €0 | -€10,457 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €852 | €2,391 | +€1,539 | +180.7% |
| Other operating charges | 640/8 | €356 | €510 | +€155 | +43.5% |
| Gross operating margin | 9900 | €65,390 | €60,404 | -€4,986 | -7.6% |
| Operating profit (loss) | 9901 | €64,182 | €57,503 | -€6,679 | -10.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,474 | €4,155 | -€318 | -7.1% |
| Recurring financial charges | 65 | €4,474 | €4,155 | -€318 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €59,709 | €53,348 | -€6,361 | -10.7% |
| Income taxes | 67/77 | €13,312 | €12,040 | -€1,273 | -9.6% |
| Profit (loss) for the period | 9904 | €46,396 | €41,308 | -€5,089 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,396 | €41,308 | -€5,089 | -11.0% |
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.