ALBEMA: 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.
What changed
ALBEMA
NACE 68.121, Development of residential building projects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€600,948
2023 · €547,559+€53,389
Equity
€729,962
2023 · €629,014+€100,948
Cash
€568,025
2023 · €530,656+€37,369
Balance sheet total
€7.4m
2023 · €7.5m-€113,265
Largest movements
Assets
- Financial fixed assets -€527,732
down €527,732 (-14.0%), from €3.8m to €3.2m
- Current investments +€500,000
new in 2024: €500,000
- Receivables within one year -€96,607
down €96,607 (-93.3%), from €103,524 to €6,917
of which Trade receivables: -€90,663
Equity and liabilities
- Debts after one year -€240,649
down €240,649 (-4.0%), from €6.0m to €5.8m
- Reserves +€100,948
up €100,948 (+17.8%), from €567,014 to €667,962
of which Distributable reserves: +€107,047
Income statement
- Gross operating margin +€78,928
up €78,928 (+6.7%), from €1.2m to €1.3m
- Other operating charges +€26,057
up €26,057 (+44.8%), from €58,123 to €84,180
From the 2023 result to the 2024 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.
Result 2023
€547,559
Gross operating margin
+€78,928
Depreciation
-€5,030
Other operating charges
-€26,057
Financial income
+€4,267
Financial charges
+€2,402
Taxes
-€1,122
Result 2024
€600,948
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€780,404
Investment
-€4,851
Financing
-€738,184
Cash 2023
€530,656
From operations (derived)
+€780,404
Net result for the year
+€600,948
Depreciation
+€59,898
Receivables within one year
+€96,607
Smaller working-capital items
-€1,236
Provisions
-€2,563
Trade debts
+€6,348
Tax, wage and social debts
+€17,539
Advances received
+€2,863
Investment (derived)
-€4,851
Investment in fixed assets (net)
+€495,149
Current investments
-€500,000
Financing
-€738,184
Debts after one year
-€240,649
Current portion of long-term debt
+€2,465
Contributions, distributions and other
-€500,000
Cash 2024
€568,025
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,490,891 | €7,377,626 | -€113,265 | -1.5% |
| Fixed assets | 21/28 | €6,852,645 | €6,297,599 | -€555,047 | -8.1% |
| Tangible fixed assets | 22/27 | €3,075,955 | €3,048,640 | -€27,315 | -0.9% |
| Land and buildings | 22 | €2,967,440 | €2,930,855 | -€36,585 | -1.2% |
| Plant, machinery and equipment | 23 | - | €7,390 | +€7,390 | |
| Furniture and vehicles | 24 | €106,837 | €109,061 | +€2,224 | +2.1% |
| Other tangible fixed assets | 26 | €1,678 | €1,334 | -€343 | -20.5% |
| Financial fixed assets | 28 | €3,776,691 | €3,248,959 | -€527,732 | -14.0% |
| Current assets | 29/58 | €638,245 | €1,080,027 | +€441,782 | +69.2% |
| Amounts receivable within one year | 40/41 | €103,524 | €6,917 | -€96,607 | -93.3% |
| Trade receivables | 40 | €97,506 | €6,843 | -€90,663 | -93.0% |
| Other amounts receivable | 41 | €6,018 | €74 | -€5,944 | -98.8% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €530,656 | €568,025 | +€37,369 | +7.0% |
| Deferred charges and accrued income | 490/1 | €4,065 | €5,085 | +€1,020 | +25.1% |
| Total equity and liabilities | 10/49 | €7,490,891 | €7,377,626 | -€113,265 | -1.5% |
| Equity | 10/15 | €629,014 | €729,962 | +€100,948 | +16.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €567,014 | €667,962 | +€100,948 | +17.8% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €140,296 | €134,196 | -€6,100 | -4.3% |
| Distributable reserves | 133 | €326,718 | €433,766 | +€107,047 | +32.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €58,957 | €56,394 | -€2,563 | -4.3% |
| Deferred taxes | 168 | €58,957 | €56,394 | -€2,563 | -4.3% |
| Amounts payable | 17/49 | €6,802,919 | €6,591,270 | -€211,650 | -3.1% |
| Amounts payable after more than one year | 17 | €6,002,005 | €5,761,356 | -€240,649 | -4.0% |
| Financial debts | 170/4 | €6,002,005 | €5,761,356 | -€240,649 | -4.0% |
| Amounts payable within one year | 42/48 | €800,914 | €829,913 | +€28,999 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €238,184 | €240,649 | +€2,465 | +1.0% |
| Trade debts | 44 | €27,354 | €33,702 | +€6,348 | +23.2% |
| Suppliers | 440/4 | €27,354 | €33,702 | +€6,348 | +23.2% |
| Advances received on contracts in progress | 46 | - | €2,863 | +€2,863 | |
| Taxes, remuneration and social security | 45 | €27,502 | €45,041 | +€17,539 | +63.8% |
| Taxes | 450/3 | €27,502 | €45,041 | +€17,539 | +63.8% |
| Other amounts payable | 47/48 | €507,874 | €507,658 | -€216 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,868 | €59,898 | +€5,030 | +9.2% |
| Other operating charges | 640/8 | €58,123 | €84,180 | +€26,057 | +44.8% |
| Gross operating margin | 9900 | €1,181,624 | €1,260,552 | +€78,928 | +6.7% |
| Operating profit (loss) | 9901 | €1,068,633 | €1,116,474 | +€47,841 | +4.5% |
| Financial income | 75/76B | €547 | €4,815 | +€4,267 | +779.4% |
| Recurring financial income | 75 | €547 | €4,815 | +€4,267 | +779.4% |
| Financial charges | 65/66B | €323,186 | €320,784 | -€2,402 | -0.7% |
| Recurring financial charges | 65 | €323,186 | €320,784 | -€2,402 | -0.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €745,994 | €800,505 | +€54,511 | +7.3% |
| Transfer from deferred taxes | 780 | €2,563 | €2,563 | = | 0.0% |
| Income taxes | 67/77 | €200,998 | €202,120 | +€1,122 | +0.6% |
| Profit (loss) for the period | 9904 | €547,559 | €600,948 | +€53,389 | +9.8% |
| Transfer from tax-exempt reserves | 789 | €6,100 | €6,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €553,659 | €607,047 | +€53,389 | +9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.