ALBEDO: 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.
ALBEDO
Largest movements
- Current investments +€32,540
up €32,540 (+105.7%), from €30,787 to €63,326
- Receivables within one year +€32,448
up €32,448 (+68181.5%), from €48 to €32,495
of which Trade receivables: +€20,000
- Tangible fixed assets -€24,025
down €24,025 (-6.8%), from €354,281 to €330,255
of which Land and buildings: -€23,110
- Reserves +€45,000
up €45,000 (+34.8%), from €129,198 to €174,198
- Trade debts +€44,033
up €44,033 (+2802.2%), from €1,571 to €45,605
- Advances received -€42,752
no longer reported in 2025 (was €42,752)
- Current portion of long-term debt -€33,255
down €33,255 (-91.2%), from €36,469 to €3,214
- Accrued charges and deferred income +€32,373
up €32,373 (+116.2%), from €27,851 to €60,224
- Purchases and services +€9,875
up €9,875 (+8.5%), from €116,323 to €126,198
- Gross operating margin -€8,000
down €8,000 (-7.3%), from €110,189 to €102,189
- Taxes -€5,955
down €5,955 (-20.5%), from €29,070 to €23,115
- Financial charges +€2,266
up €2,266 (+140.0%), from €1,618 to €3,884
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 | €402,930 | €439,804 | +€36,874 | +9.2% |
| Fixed assets | 21/28 | €354,281 | €330,255 | -€24,025 | -6.8% |
| Tangible fixed assets | 22/27 | €354,281 | €330,255 | -€24,025 | -6.8% |
| Land and buildings | 22 | €351,424 | €328,314 | -€23,110 | -6.6% |
| Plant, machinery and equipment | 23 | €902 | €677 | -€226 | -25.0% |
| Furniture and vehicles | 24 | €1,954 | €1,264 | -€690 | -35.3% |
| Current assets | 29/58 | €48,649 | €109,549 | +€60,900 | +125.2% |
| Amounts receivable within one year | 40/41 | €48 | €32,495 | +€32,448 | +68181.5% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €48 | €12,495 | +€12,448 | +26155.9% |
| Current investments | 50/53 | €30,787 | €63,326 | +€32,540 | +105.7% |
| Cash at bank and in hand | 54/58 | €13,313 | €10,150 | -€3,163 | -23.8% |
| Deferred charges and accrued income | 490/1 | €4,502 | €3,577 | -€924 | -20.5% |
| Total equity and liabilities | 10/49 | €402,930 | €439,804 | +€36,874 | +9.2% |
| Equity | 10/15 | €259,203 | €307,651 | +€48,448 | +18.7% |
| Reserves | 13 | €129,198 | €174,198 | +€45,000 | +34.8% |
| Distributable reserves | 133 | €129,198 | €174,198 | +€45,000 | +34.8% |
| Profit (loss) carried forward | 14 | €130,004 | €133,452 | +€3,448 | +2.7% |
| Provisions and deferred taxes | 16 | €12,000 | €12,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,000 | €12,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable | 17/49 | €131,727 | €120,153 | -€11,574 | -8.8% |
| Amounts payable within one year | 42/48 | €103,876 | €59,929 | -€43,947 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €36,469 | €3,214 | -€33,255 | -91.2% |
| Trade debts | 44 | €1,571 | €45,605 | +€44,033 | +2802.2% |
| Suppliers | 440/4 | €1,571 | €45,605 | +€44,033 | +2802.2% |
| Advances received on contracts in progress | 46 | €42,752 | - | -€42,752 | |
| Taxes, remuneration and social security | 45 | €23,084 | €11,111 | -€11,974 | -51.9% |
| Taxes | 450/3 | €23,084 | €11,111 | -€11,974 | -51.9% |
| Accrued charges and deferred income | 492/3 | €27,851 | €60,224 | +€32,373 | +116.2% |
| Turnover | 70 | €216,040 | €215,358 | -€683 | -0.3% |
| Non-recurring operating income | 76A | €10,472 | €13,030 | +€2,558 | +24.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €116,323 | €126,198 | +€9,875 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,826 | €24,025 | -€800 | -3.2% |
| Other operating charges | 640/8 | €2,243 | €2,773 | +€530 | +23.6% |
| Gross operating margin | 9900 | €110,189 | €102,189 | -€8,000 | -7.3% |
| Operating profit (loss) | 9901 | €83,120 | €75,391 | -€7,729 | -9.3% |
| Financial income | 75/76B | €37 | €57 | +€20 | +52.8% |
| Recurring financial income | 75 | €37 | €57 | +€20 | +52.8% |
| Financial charges | 65/66B | €1,618 | €3,884 | +€2,266 | +140.0% |
| Recurring financial charges | 65 | €1,618 | €3,884 | +€2,266 | +140.0% |
| Profit (loss) for the period before taxes | 9903 | €81,539 | €71,563 | -€9,975 | -12.2% |
| Income taxes | 67/77 | €29,070 | €23,115 | -€5,955 | -20.5% |
| Profit (loss) for the period | 9904 | €52,469 | €48,448 | -€4,021 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,469 | €48,448 | -€4,021 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.