ALBEKO: 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.
ALBEKO
Largest movements
- Tangible fixed assets -€261,798
no longer reported in 2025 (was €261,798)
of which Land and buildings: -€240,100
- Cash +€25,499
up €25,499 (+14.6%), from €174,460 to €199,959
mainly Investment in fixed assets (net) (+€264,298) and Deferred charges and accrued income (+€182)
- Receivables within one year +€9,415
up €9,415 (+6.2%), from €152,574 to €161,989
of which Trade receivables: +€9,295
- Debts after one year -€130,140
no longer reported in 2025 (was €130,140)
- Profit (loss) carried forward -€37,720
down €37,720 (-88.4%), from -€42,653 to -€80,373
- Tax, wage and social debts -€32,915
down €32,915 (-46.1%), from €71,371 to €38,456
- Current portion of long-term debt -€13,176
no longer reported in 2025 (was €13,176)
- Trade debts -€9,497
down €9,497 (-8.4%), from €113,380 to €103,883
- Gross operating margin -€205,145
down €205,145, from €185,008 to -€20,138
- Taxes -€35,719
down €35,719 (-99.6%), from €35,849 to €131
- Other operating charges -€22,995
down €22,995 (-60.2%), from €38,208 to €15,214
- Depreciation -€5,990
no longer reported in 2025 (was €5,990)
- Financial charges -€2,920
down €2,920 (-48.1%), from €6,073 to €3,153
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.
Derived cash bridge
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 | €592,252 | €362,685 | -€229,567 | -38.8% |
| Fixed assets | 21/28 | €264,298 | - | -€264,298 | |
| Tangible fixed assets | 22/27 | €261,798 | - | -€261,798 | |
| Land and buildings | 22 | €240,100 | - | -€240,100 | |
| Plant, machinery and equipment | 23 | €570 | - | -€570 | |
| Furniture and vehicles | 24 | €21,128 | - | -€21,128 | |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €327,954 | €362,685 | +€34,731 | +10.6% |
| Amounts receivable within one year | 40/41 | €152,574 | €161,989 | +€9,415 | +6.2% |
| Trade receivables | 40 | €152,574 | €161,869 | +€9,295 | +6.1% |
| Other amounts receivable | 41 | - | €120 | +€120 | |
| Cash at bank and in hand | 54/58 | €174,460 | €199,959 | +€25,499 | +14.6% |
| Deferred charges and accrued income | 490/1 | €920 | €738 | -€182 | -19.8% |
| Total equity and liabilities | 10/49 | €592,252 | €362,685 | -€229,567 | -38.8% |
| Equity | 10/15 | €257,184 | €219,464 | -€37,720 | -14.7% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €285,437 | €285,437 | = | 0.0% |
| Distributable reserves | 133 | €285,437 | €285,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,653 | -€80,373 | -€37,720 | -88.4% |
| Amounts payable | 17/49 | €335,068 | €143,221 | -€191,846 | -57.3% |
| Amounts payable after more than one year | 17 | €130,140 | - | -€130,140 | |
| Financial debts | 170/4 | €130,140 | - | -€130,140 | |
| Amounts payable within one year | 42/48 | €204,927 | €143,221 | -€61,706 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €13,176 | - | -€13,176 | |
| Trade debts | 44 | €113,380 | €103,883 | -€9,497 | -8.4% |
| Suppliers | 440/4 | €113,380 | €103,883 | -€9,497 | -8.4% |
| Taxes, remuneration and social security | 45 | €71,371 | €38,456 | -€32,915 | -46.1% |
| Taxes | 450/3 | €71,371 | €38,456 | -€32,915 | -46.1% |
| Other amounts payable | 47/48 | €7,000 | €882 | -€6,118 | -87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,990 | - | -€5,990 | |
| Other operating charges | 640/8 | €38,208 | €15,214 | -€22,995 | -60.2% |
| Gross operating margin | 9900 | €185,008 | -€20,138 | -€205,145 | |
| Operating profit (loss) | 9901 | €140,810 | -€35,351 | -€176,161 | |
| Financial income | 75/76B | €442 | €915 | +€473 | +107% |
| Recurring financial income | 75 | €442 | €915 | +€473 | +107% |
| Financial charges | 65/66B | €6,073 | €3,153 | -€2,920 | -48.1% |
| Recurring financial charges | 65 | €6,073 | €3,153 | -€2,920 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €135,179 | -€37,590 | -€172,768 | |
| Income taxes | 67/77 | €35,849 | €131 | -€35,719 | -99.6% |
| Profit (loss) for the period | 9904 | €99,329 | -€37,720 | -€137,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,329 | -€37,720 | -€137,049 |
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 29 October 2026 via checked.be.