ALBERO: 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.
ALBERO
Largest movements
- Cash +€678,394
up €678,394 (+348.6%), from €194,579 to €872,973
mainly Current investments (+€300,000) and Trade debts (+€259,092)
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Receivables within one year +€58,359
up €58,359 (+65.3%), from €89,303 to €147,662
of which Trade receivables: +€55,997
- Trade debts +€259,092
up €259,092 (+797.0%), from €32,506 to €291,599
- Reserves +€236,194
up €236,194 (+32.6%), from €724,815 to €961,009
of which Distributable reserves: +€151,994
- Other debts -€34,340
down €34,340 (-87.0%), from €39,485 to €5,144
- Debts after one year -€32,521
down €32,521 (-60.2%), from €54,028 to €21,507
- Tax, wage and social debts +€27,293
up €27,293 (+579.0%), from €4,713 to €32,006
of which Taxes: +€26,034
- Gross operating margin +€104,678
up €104,678 (+32.4%), from €322,889 to €427,567
- Staff costs +€27,722
up €27,722 (+115.3%), from €24,034 to €51,756
- Taxes +€21,359
up €21,359 (+27.9%), from €76,450 to €97,809
- Depreciation +€9,309
up €9,309 (+33.6%), from €27,666 to €36,975
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 | €909,491 | €1,350,669 | +€441,178 | +48.5% |
| Fixed assets | 21/28 | €325,609 | €330,034 | +€4,425 | +1.4% |
| Tangible fixed assets | 22/27 | €92,728 | €97,154 | +€4,425 | +4.8% |
| Plant, machinery and equipment | 23 | €54,627 | €69,341 | +€14,714 | +26.9% |
| Furniture and vehicles | 24 | €38,102 | €27,812 | -€10,289 | -27.0% |
| Financial fixed assets | 28 | €232,880 | €232,880 | = | 0.0% |
| Current assets | 29/58 | €583,882 | €1,020,635 | +€436,753 | +74.8% |
| Amounts receivable within one year | 40/41 | €89,303 | €147,662 | +€58,359 | +65.3% |
| Trade receivables | 40 | €36,823 | €92,820 | +€55,997 | +152.1% |
| Other amounts receivable | 41 | €52,480 | €54,842 | +€2,362 | +4.5% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €194,579 | €872,973 | +€678,394 | +348.6% |
| Total equity and liabilities | 10/49 | €909,491 | €1,350,669 | +€441,178 | +48.5% |
| Equity | 10/15 | €731,015 | €967,209 | +€236,194 | +32.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €724,815 | €961,009 | +€236,194 | +32.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €88,410 | €172,610 | +€84,200 | +95.2% |
| Distributable reserves | 133 | €636,405 | €788,399 | +€151,994 | +23.9% |
| Amounts payable | 17/49 | €178,476 | €383,460 | +€204,984 | +114.9% |
| Amounts payable after more than one year | 17 | €54,028 | €21,507 | -€32,521 | -60.2% |
| Financial debts | 170/4 | €54,028 | €21,507 | -€32,521 | -60.2% |
| Amounts payable within one year | 42/48 | €123,243 | €361,271 | +€238,027 | +193.1% |
| Current portion of amounts payable after more than one year | 42 | €46,539 | €32,521 | -€14,017 | -30.1% |
| Trade debts | 44 | €32,506 | €291,599 | +€259,092 | +797.0% |
| Suppliers | 440/4 | €32,506 | €291,599 | +€259,092 | +797.0% |
| Taxes, remuneration and social security | 45 | €4,713 | €32,006 | +€27,293 | +579.0% |
| Taxes | 450/3 | €811 | €26,846 | +€26,034 | +3208.3% |
| Remuneration and social security | 454/9 | €3,902 | €5,161 | +€1,259 | +32.3% |
| Other amounts payable | 47/48 | €39,485 | €5,144 | -€34,340 | -87.0% |
| Accrued charges and deferred income | 492/3 | €1,204 | €682 | -€522 | -43.4% |
| Non-recurring operating income | 76A | €26,118 | €0 | -€26,118 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,034 | €51,756 | +€27,722 | +115.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,666 | €36,975 | +€9,309 | +33.6% |
| Other operating charges | 640/8 | €1,793 | €2,213 | +€420 | +23.4% |
| Gross operating margin | 9900 | €322,889 | €427,567 | +€104,678 | +32.4% |
| Operating profit (loss) | 9901 | €269,396 | €336,622 | +€67,226 | +25.0% |
| Financial income | 75/76B | €6,574 | €7,700 | +€1,127 | +17.1% |
| Recurring financial income | 75 | €6,574 | €7,700 | +€1,127 | +17.1% |
| Financial charges | 65/66B | €10,184 | €10,319 | +€135 | +1.3% |
| Recurring financial charges | 65 | €10,184 | €10,319 | +€135 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €265,786 | €334,004 | +€68,218 | +25.7% |
| Income taxes | 67/77 | €76,450 | €97,809 | +€21,359 | +27.9% |
| Profit (loss) for the period | 9904 | €189,336 | €236,194 | +€46,859 | +24.7% |
| Transfer to tax-exempt reserves | 689 | €88,410 | €84,200 | -€4,210 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €100,926 | €151,994 | +€51,069 | +50.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.