ALBEN: 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.
ALBEN
Largest movements
- Financial fixed assets +€628,436
new in 2025: €628,436
- Debts after one year +€358,238
new in 2025: €358,238
- Reserves +€135,450
up €135,450 (+107.5%), from €126,000 to €261,450
- Current portion of long-term debt +€85,999
new in 2025: €85,999
- Tax, wage and social debts +€46,337
up €46,337 (+84.4%), from €54,928 to €101,265
- Gross operating margin +€29,793
up €29,793 (+17.8%), from €167,291 to €197,084
- Financial charges +€13,948
up €13,948 (+1210.5%), from €1,152 to €15,101
- Taxes +€9,364
up €9,364 (+25.4%), from €36,818 to €46,182
- Depreciation -€2,432
down €2,432 (-73.4%), from €3,313 to €881
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 | €192,035 | €820,323 | +€628,289 | +327.2% |
| Formation expenses | 20 | €16 | - | -€16 | |
| Fixed assets | 21/28 | €2,410 | €635,178 | +€632,768 | +26251.7% |
| Tangible fixed assets | 22/27 | €2,410 | €6,742 | +€4,332 | +179.7% |
| Plant, machinery and equipment | 23 | €2,410 | €3,064 | +€654 | +27.1% |
| Furniture and vehicles | 24 | - | €1,728 | +€1,728 | |
| Other tangible fixed assets | 26 | - | €1,950 | +€1,950 | |
| Financial fixed assets | 28 | - | €628,436 | +€628,436 | |
| Current assets | 29/58 | €189,609 | €185,145 | -€4,464 | -2.4% |
| Amounts receivable within one year | 40/41 | €25,229 | €26,026 | +€797 | +3.2% |
| Trade receivables | 40 | €25,229 | €26,026 | +€797 | +3.2% |
| Cash at bank and in hand | 54/58 | €160,054 | €154,178 | -€5,876 | -3.7% |
| Deferred charges and accrued income | 490/1 | €4,326 | €4,941 | +€615 | +14.2% |
| Total equity and liabilities | 10/49 | €192,035 | €820,323 | +€628,289 | +327.2% |
| Equity | 10/15 | €132,034 | €267,471 | +€135,437 | +102.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €126,000 | €261,450 | +€135,450 | +107.5% |
| Distributable reserves | 133 | €126,000 | €261,450 | +€135,450 | +107.5% |
| Profit (loss) carried forward | 14 | €34 | €21 | -€13 | -37.5% |
| Amounts payable | 17/49 | €60,001 | €552,852 | +€492,851 | +821.4% |
| Amounts payable after more than one year | 17 | - | €358,238 | +€358,238 | |
| Financial debts | 170/4 | - | €358,238 | +€358,238 | |
| Amounts payable within one year | 42/48 | €58,749 | €191,785 | +€133,036 | +226.4% |
| Current portion of amounts payable after more than one year | 42 | - | €85,999 | +€85,999 | |
| Trade debts | 44 | €3,130 | €2,375 | -€755 | -24.1% |
| Suppliers | 440/4 | €3,130 | €2,375 | -€755 | -24.1% |
| Taxes, remuneration and social security | 45 | €54,928 | €101,265 | +€46,337 | +84.4% |
| Taxes | 450/3 | €54,928 | €101,265 | +€46,337 | +84.4% |
| Other amounts payable | 47/48 | €691 | €2,147 | +€1,456 | +210.6% |
| Accrued charges and deferred income | 492/3 | €1,251 | €2,829 | +€1,577 | +126.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,313 | €881 | -€2,432 | -73.4% |
| Other operating charges | 640/8 | €50 | €46 | -€4 | -8.0% |
| Gross operating margin | 9900 | €167,291 | €197,084 | +€29,793 | +17.8% |
| Operating profit (loss) | 9901 | €163,929 | €196,157 | +€32,229 | +19.7% |
| Financial income | 75/76B | €76 | €563 | +€487 | +638.8% |
| Recurring financial income | 75 | €76 | €563 | +€487 | +638.8% |
| Financial charges | 65/66B | €1,152 | €15,101 | +€13,948 | +1210.5% |
| Recurring financial charges | 65 | €1,152 | €15,101 | +€13,948 | +1210.5% |
| Profit (loss) for the period before taxes | 9903 | €162,852 | €181,620 | +€18,767 | +11.5% |
| Income taxes | 67/77 | €36,818 | €46,182 | +€9,364 | +25.4% |
| Profit (loss) for the period | 9904 | €126,034 | €135,437 | +€9,403 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €126,034 | €135,437 | +€9,403 | +7.5% |
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 11 October 2026 via checked.be.