ALBEMAR: what changed
ALBEMAR
Largest movements
- Cash +€21,387
up €21,387 (+73.2%), from €29,207 to €50,594
mainly Net result for the year (+€13,252) and Provisions (+€8,000)
- Current investments +€15,000
up €15,000 (+16.5%), from €90,854 to €105,854
- Tangible fixed assets -€6,429
down €6,429 (-3.7%), from €173,982 to €167,553
- Receivables within one year +€3,500
new in 2025: €3,500
- Reserves +€105,854
up €105,854 (+291%), from €36,371 to €142,225
of which Non-distributable reserves: +€105,854
- Profit (loss) carried forward -€92,603
down €92,603, from €48,758 to -€43,845
- Provisions +€8,000
new in 2025: €8,000
- Trade debts +€6,781
up €6,781 (+370%), from €1,833 to €8,614
- Tax, wage and social debts +€4,033
up €4,033 (+210%), from €1,924 to €5,957
- Turnover +€14,746
up €14,746 (+38.0%), from €38,839 to €53,585
- Gross operating margin +€14,073
up €14,073 (+57.5%), from €24,479 to €38,552
- Provisions +€8,000
new in 2025: €8,000
- Depreciation -€1,469
down €1,469 (-18.6%), from €7,898 to €6,429
- Taxes +€1,251
up €1,251 (+44.5%), from €2,814 to €4,065
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,043 | €327,501 | +€33,458 | +11.4% |
| Fixed assets | 21/28 | €173,982 | €167,553 | -€6,429 | -3.7% |
| Tangible fixed assets | 22/27 | €173,982 | €167,553 | -€6,429 | -3.7% |
| Land and buildings | 22 | €173,982 | €167,553 | -€6,429 | -3.7% |
| Current assets | 29/58 | €120,061 | €159,948 | +€39,887 | +33.2% |
| Amounts receivable within one year | 40/41 | - | €3,500 | +€3,500 | |
| Other amounts receivable | 41 | - | €3,500 | +€3,500 | |
| Current investments | 50/53 | €90,854 | €105,854 | +€15,000 | +16.5% |
| Cash at bank and in hand | 54/58 | €29,207 | €50,594 | +€21,387 | +73.2% |
| Total equity and liabilities | 10/49 | €294,043 | €327,501 | +€33,458 | +11.4% |
| Equity | 10/15 | €289,641 | €302,892 | +€13,251 | +4.6% |
| Contributions | 10/11 | €204,512 | €204,512 | = | 0.0% |
| Capital | 10 | €204,512 | €204,512 | = | 0.0% |
| Issued capital | 100 | €204,512 | €204,512 | = | 0.0% |
| Reserves | 13 | €36,371 | €142,225 | +€105,854 | +291% |
| Non-distributable reserves | 130/1 | €22,690 | €128,544 | +€105,854 | +467% |
| Legal reserve | 130 | €22,690 | €22,690 | = | 0.0% |
| Own shares acquired | 1312 | - | €105,854 | +€105,854 | |
| Distributable reserves | 133 | €13,681 | €13,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,758 | -€43,845 | -€92,603 | |
| Provisions and deferred taxes | 16 | - | €8,000 | +€8,000 | |
| Provisions for liabilities and charges | 160/5 | - | €8,000 | +€8,000 | |
| Major repairs and maintenance | 162 | - | €8,000 | +€8,000 | |
| Amounts payable | 17/49 | €4,402 | €16,609 | +€12,207 | +277% |
| Amounts payable within one year | 42/48 | €4,402 | €16,609 | +€12,207 | +277% |
| Financial debts | 43 | - | €683 | +€683 | |
| Credit institutions | 430/8 | - | €683 | +€683 | |
| Trade debts | 44 | €1,833 | €8,614 | +€6,781 | +370% |
| Suppliers | 440/4 | €1,833 | €8,614 | +€6,781 | +370% |
| Advances received on contracts in progress | 46 | €645 | €1,355 | +€710 | +110% |
| Taxes, remuneration and social security | 45 | €1,924 | €5,957 | +€4,033 | +210% |
| Taxes | 450/3 | €1,924 | €5,957 | +€4,033 | +210% |
| Turnover | 70 | €38,839 | €53,585 | +€14,746 | +38.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,277 | €15,033 | +€756 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,898 | €6,429 | -€1,469 | -18.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €8,000 | +€8,000 | |
| Other operating charges | 640/8 | €6,472 | €6,675 | +€203 | +3.1% |
| Gross operating margin | 9900 | €24,479 | €38,552 | +€14,073 | +57.5% |
| Operating profit (loss) | 9901 | €10,109 | €17,448 | +€7,339 | +72.6% |
| Financial income | 75/76B | €83 | €108 | +€25 | +30.1% |
| Recurring financial income | 75 | €83 | €108 | +€25 | +30.1% |
| Financial charges | 65/66B | €197 | €239 | +€42 | +21.3% |
| Recurring financial charges | 65 | €197 | €239 | +€42 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €9,995 | €17,317 | +€7,322 | +73.3% |
| Income taxes | 67/77 | €2,814 | €4,065 | +€1,251 | +44.5% |
| Profit (loss) for the period | 9904 | €7,181 | €13,252 | +€6,071 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,181 | €13,252 | +€6,071 | +84.5% |
Next steps
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 4 November 2026 via checked.be.