ALBEL COORDINATION CENTER: what changed
What changed
ALBEL COORDINATION CENTER
NACE 82.100, Office administrative and support services
filed annual accounts (NBB)
Net result for the year
-€704,355
2024 · €45,355-€749,710
Equity
€23.8m
2024 · €24.5m-€704,355
Cash
€1.8m
2024 · €923,853+€869,426
Balance sheet total
€53.0m
2024 · €52.3m+€671,277
Largest movements
Assets
- Cash +€869,426
up €869,426 (+94.1%), from €923,853 to €1.8m
mainly Other debts (+€1.3m) and Investment in fixed assets (net) (+€561,212)
- Financial fixed assets -€586,040
down €586,040 (-1.2%), from €51.0m to €50.4m
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+4.8%), from €27.8m to €29.1m
- Profit (loss) carried forward -€704,355
down €704,355 (-4.5%), from -€15.7m to -€16.4m
Income statement
- Financial charges +€548,846
up €548,846 (+1,474%), from €37,234 to €586,079
of which Non-recurring financial charges: +€548,827
- Gross operating margin -€104,241
down €104,241 (-23.9%), from €436,430 to €332,190
- Financial income -€45,841
down €45,841 (-54.0%), from €84,855 to €39,013
of which Financial income: -€45,821
- Staff costs +€44,773
up €44,773 (+10.8%), from €413,645 to €458,418
- Depreciation +€6,007
up €6,007 (+24.4%), from €24,638 to €30,644
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,355
Gross operating margin
-€104,241
Staff costs
-€44,773
Depreciation
-€6,007
Other operating items
+€95
Financial income
-€45,841
Financial charges
-€548,846
Taxes
-€97
Result 2025
-€704,355
lowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€308,214
Investment
+€561,212
Financing
€0
Cash 2024
€923,853
From operations (derived)
+€308,214
Net result for the year
-€704,355
Depreciation
+€30,644
Receivables within one year
-€447,839
Deferred charges and accrued income
+€54,131
Trade debts
+€71,161
Tax, wage and social debts
-€23,136
Other debts
+€1.3m
Accrued charges and deferred income
-€8,532
Investment (derived)
+€561,212
Investment in fixed assets (net)
+€561,212
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,321,604 | €52,992,881 | +€671,277 | +1.3% |
| Fixed assets | 21/28 | €51,053,382 | €50,461,525 | -€591,856 | -1.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €97,721 | €91,905 | -€5,816 | -6.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €13,697 | €11,902 | -€1,795 | -13.1% |
| Furniture and vehicles | 24 | €68,088 | €41,667 | -€26,421 | -38.8% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €15,936 | €38,336 | +€22,400 | +141% |
| Financial fixed assets | 28 | €50,955,660 | €50,369,620 | -€586,040 | -1.2% |
| Current assets | 29/58 | €1,268,222 | €2,531,356 | +€1.3m | +99.6% |
| Amounts receivable within one year | 40/41 | €235,394 | €683,232 | +€447,839 | +190% |
| Trade receivables | 40 | €212,205 | €306,795 | +€94,590 | +44.6% |
| Other amounts receivable | 41 | €23,188 | €376,437 | +€353,249 | +1,523% |
| Cash at bank and in hand | 54/58 | €923,853 | €1,793,279 | +€869,426 | +94.1% |
| Deferred charges and accrued income | 490/1 | €108,975 | €54,844 | -€54,131 | -49.7% |
| Total equity and liabilities | 10/49 | €52,321,604 | €52,992,881 | +€671,277 | +1.3% |
| Equity | 10/15 | €24,458,101 | €23,753,746 | -€704,355 | -2.9% |
| Contributions | 10/11 | €36,604,968 | €36,604,968 | = | 0.0% |
| Capital | 10 | €36,604,968 | €36,604,968 | = | 0.0% |
| Issued capital | 100 | €36,604,968 | €36,604,968 | = | 0.0% |
| Reserves | 13 | €3,581,032 | €3,581,032 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,581,032 | €3,581,032 | = | 0.0% |
| Legal reserve | 130 | €3,581,032 | €3,581,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,727,899 | -€16,432,254 | -€704,355 | -4.5% |
| Amounts payable | 17/49 | €27,863,503 | €29,239,135 | +€1.4m | +4.9% |
| Amounts payable within one year | 42/48 | €27,854,971 | €29,239,135 | +€1.4m | +5.0% |
| Trade debts | 44 | €66,116 | €137,277 | +€71,161 | +108% |
| Suppliers | 440/4 | €66,116 | €137,277 | +€71,161 | +108% |
| Taxes, remuneration and social security | 45 | €36,957 | €13,820 | -€23,136 | -62.6% |
| Taxes | 450/3 | €319 | €415 | +€97 | +30.4% |
| Remuneration and social security | 454/9 | €36,638 | €13,405 | -€23,233 | -63.4% |
| Other amounts payable | 47/48 | €27,751,898 | €29,088,037 | +€1.3m | +4.8% |
| Accrued charges and deferred income | 492/3 | €8,532 | - | -€8,532 | |
| Non-recurring operating income | 76A | €9,031 | - | -€9,031 | |
| Remuneration, social security and pensions | 62 | €413,645 | €458,418 | +€44,773 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,638 | €30,644 | +€6,007 | +24.4% |
| Non-recurring operating charges | 66A | €95 | - | -€95 | |
| Gross operating margin | 9900 | €436,430 | €332,190 | -€104,241 | -23.9% |
| Operating profit (loss) | 9901 | -€1,947 | -€156,873 | -€154,926 | -7,957% |
| Financial income | 75/76B | €84,855 | €39,013 | -€45,841 | -54.0% |
| Recurring financial income | 75 | €84,833 | €39,012 | -€45,821 | -54.0% |
| Non-recurring financial income | 76B | €22 | €1 | -€21 | -95.4% |
| Financial charges | 65/66B | €37,234 | €586,079 | +€548,846 | +1,474% |
| Recurring financial charges | 65 | €21 | €39 | +€18 | +88.0% |
| Non-recurring financial charges | 66B | €37,213 | €586,040 | +€548,827 | +1,475% |
| Profit (loss) for the period before taxes | 9903 | €45,674 | -€703,939 | -€749,613 | |
| Income taxes | 67/77 | €319 | €415 | +€97 | +30.4% |
| Profit (loss) for the period | 9904 | €45,355 | -€704,355 | -€749,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,355 | -€704,355 | -€749,710 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.