Albergo: 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.
Albergo
Largest movements
- Cash -€88,303
down €88,303 (-84.8%), from €104,130 to €15,827
mainly Other debts (-€112,249) and Trade debts (-€15,681)
- Tangible fixed assets -€40,047
down €40,047 (-13.6%), from €294,069 to €254,022
of which Other tangible fixed assets: -€37,219
- Other debts -€112,249
down €112,249 (-73.7%), from €152,249 to €40,000
- Trade debts -€15,681
down €15,681 (-18.3%), from €85,878 to €70,197
- Current portion of long-term debt +€10,135
new in 2025: €10,135
- Tax, wage and social debts -€8,883
down €8,883 (-20.6%), from €43,016 to €34,134
of which Remuneration and social security: -€9,360
- Gross operating margin -€136,462
down €136,462 (-27.4%), from €497,873 to €361,411
- Staff costs -€124,871
down €124,871 (-30.6%), from €407,706 to €282,835
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 | €458,339 | €333,657 | -€124,682 | -27.2% |
| Fixed assets | 21/28 | €305,721 | €265,239 | -€40,482 | -13.2% |
| Intangible fixed assets | 21 | €1,068 | €632 | -€436 | -40.8% |
| Tangible fixed assets | 22/27 | €294,069 | €254,022 | -€40,047 | -13.6% |
| Plant, machinery and equipment | 23 | €77,592 | €74,964 | -€2,628 | -3.4% |
| Furniture and vehicles | 24 | €485 | €285 | -€200 | -41.2% |
| Other tangible fixed assets | 26 | €215,992 | €178,773 | -€37,219 | -17.2% |
| Financial fixed assets | 28 | €10,585 | €10,585 | = | 0.0% |
| Current assets | 29/58 | €152,618 | €68,418 | -€84,200 | -55.2% |
| Stocks and contracts in progress | 3 | €37,333 | €41,745 | +€4,413 | +11.8% |
| Stocks | 30/36 | €37,333 | €41,745 | +€4,413 | +11.8% |
| Amounts receivable within one year | 40/41 | €8,106 | €7,247 | -€859 | -10.6% |
| Trade receivables | 40 | €8,106 | €7,247 | -€859 | -10.6% |
| Cash at bank and in hand | 54/58 | €104,130 | €15,827 | -€88,303 | -84.8% |
| Deferred charges and accrued income | 490/1 | €3,049 | €3,599 | +€549 | +18.0% |
| Total equity and liabilities | 10/49 | €458,339 | €333,657 | -€124,682 | -27.2% |
| Equity | 10/15 | -€234,875 | -€234,075 | +€800 | +0.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€256,875 | -€256,075 | +€800 | +0.3% |
| Amounts payable | 17/49 | €693,214 | €567,732 | -€125,482 | -18.1% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €281,144 | €154,466 | -€126,678 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | - | €10,135 | +€10,135 | |
| Trade debts | 44 | €85,878 | €70,197 | -€15,681 | -18.3% |
| Suppliers | 440/4 | €85,878 | €70,197 | -€15,681 | -18.3% |
| Taxes, remuneration and social security | 45 | €43,016 | €34,134 | -€8,883 | -20.6% |
| Taxes | 450/3 | €5,248 | €5,725 | +€477 | +9.1% |
| Remuneration and social security | 454/9 | €37,768 | €28,409 | -€9,360 | -24.8% |
| Other amounts payable | 47/48 | €152,249 | €40,000 | -€112,249 | -73.7% |
| Accrued charges and deferred income | 492/3 | €12,070 | €13,266 | +€1,196 | +9.9% |
| Remuneration, social security and pensions | 62 | €407,706 | €282,835 | -€124,871 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,122 | €49,096 | +€1,974 | +4.2% |
| Other operating charges | 640/8 | €8,692 | €8,904 | +€212 | +2.4% |
| Gross operating margin | 9900 | €497,873 | €361,411 | -€136,462 | -27.4% |
| Operating profit (loss) | 9901 | €34,352 | €20,576 | -€13,777 | -40.1% |
| Financial income | 75/76B | €253 | €75 | -€178 | -70.5% |
| Recurring financial income | 75 | €253 | €75 | -€178 | -70.5% |
| Financial charges | 65/66B | €21,231 | €19,850 | -€1,381 | -6.5% |
| Recurring financial charges | 65 | €21,231 | €19,850 | -€1,381 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €13,374 | €800 | -€12,574 | -94.0% |
| Profit (loss) for the period | 9904 | €13,374 | €800 | -€12,574 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,374 | €800 | -€12,574 | -94.0% |
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 24 October 2026 via checked.be.