ALBERT COLLECTION: 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.
ALBERT COLLECTION
Largest movements
- Cash -€39,117
down €39,117 (-26.4%), from €148,017 to €108,899
mainly Debts after one year (-€20,606) and Trade debts (-€18,824)
- Receivables within one year -€12,349
down €12,349 (-22.8%), from €54,048 to €41,698
of which Trade receivables: -€8,902
- Tangible fixed assets -€6,383
down €6,383 (-4.3%), from €147,799 to €141,416
of which Other tangible fixed assets: -€4,470
- Debts after one year -€20,606
down €20,606 (-45.1%), from €45,643 to €25,037
- Trade debts -€18,824
down €18,824 (-35.8%), from €52,590 to €33,767
- Tax, wage and social debts -€15,769
down €15,769 (-17.3%), from €91,187 to €75,417
of which Remuneration and social security: -€9,447
- Gross operating margin -€32,505
down €32,505 (-17.7%), from €183,668 to €151,162
- Staff costs -€29,544
down €29,544 (-22.4%), from €132,131 to €102,587
- Taxes +€3,484
up €3,484 (+381.2%), from €914 to €4,397
- Financial charges -€2,220
down €2,220 (-10.9%), from €20,326 to €18,106
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 | €600,976 | €547,290 | -€53,686 | -8.9% |
| Fixed assets | 21/28 | €148,296 | €141,912 | -€6,383 | -4.3% |
| Tangible fixed assets | 22/27 | €147,799 | €141,416 | -€6,383 | -4.3% |
| Plant, machinery and equipment | 23 | €118,596 | €114,750 | -€3,846 | -3.2% |
| Furniture and vehicles | 24 | €6,077 | €8,010 | +€1,933 | +31.8% |
| Other tangible fixed assets | 26 | €23,126 | €18,655 | -€4,470 | -19.3% |
| Financial fixed assets | 28 | €497 | €497 | = | 0.0% |
| Current assets | 29/58 | €452,680 | €405,378 | -€47,302 | -10.4% |
| Stocks and contracts in progress | 3 | €250,370 | €254,780 | +€4,410 | +1.8% |
| Stocks | 30/36 | €250,370 | €254,780 | +€4,410 | +1.8% |
| Amounts receivable within one year | 40/41 | €54,048 | €41,698 | -€12,349 | -22.8% |
| Trade receivables | 40 | €15,911 | €7,010 | -€8,902 | -55.9% |
| Other amounts receivable | 41 | €38,137 | €34,689 | -€3,448 | -9.0% |
| Cash at bank and in hand | 54/58 | €148,017 | €108,899 | -€39,117 | -26.4% |
| Deferred charges and accrued income | 490/1 | €246 | €0 | -€246 | -100.0% |
| Total equity and liabilities | 10/49 | €600,976 | €547,290 | -€53,686 | -8.9% |
| Equity | 10/15 | €168,561 | €170,145 | +€1,584 | +0.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €162,364 | €163,948 | +€1,584 | +1.0% |
| Distributable reserves | 133 | €162,364 | €163,948 | +€1,584 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €432,414 | €377,145 | -€55,269 | -12.8% |
| Amounts payable after more than one year | 17 | €45,643 | €25,037 | -€20,606 | -45.1% |
| Financial debts | 170/4 | €45,643 | €25,037 | -€20,606 | -45.1% |
| Amounts payable within one year | 42/48 | €386,772 | €352,108 | -€34,664 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €19,847 | €20,606 | +€759 | +3.8% |
| Financial debts | 43 | €131,773 | €131,738 | -€35 | 0.0% |
| Credit institutions | 430/8 | €131,773 | €131,738 | -€35 | 0.0% |
| Trade debts | 44 | €52,590 | €33,767 | -€18,824 | -35.8% |
| Suppliers | 440/4 | €52,590 | €33,767 | -€18,824 | -35.8% |
| Taxes, remuneration and social security | 45 | €91,187 | €75,417 | -€15,769 | -17.3% |
| Taxes | 450/3 | €61,606 | €55,284 | -€6,323 | -10.3% |
| Remuneration and social security | 454/9 | €29,580 | €20,134 | -€9,447 | -31.9% |
| Other amounts payable | 47/48 | €91,375 | €90,580 | -€795 | -0.9% |
| Remuneration, social security and pensions | 62 | €132,131 | €102,587 | -€29,544 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,677 | €21,887 | +€1,210 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€559 | -€559 | |
| Other operating charges | 640/8 | €1,928 | €3,432 | +€1,503 | +78.0% |
| Gross operating margin | 9900 | €183,668 | €151,162 | -€32,505 | -17.7% |
| Operating profit (loss) | 9901 | €28,931 | €23,816 | -€5,115 | -17.7% |
| Financial income | 75/76B | €2,027 | €271 | -€1,756 | -86.6% |
| Recurring financial income | 75 | €2,027 | €271 | -€1,756 | -86.6% |
| Financial charges | 65/66B | €20,326 | €18,106 | -€2,220 | -10.9% |
| Recurring financial charges | 65 | €20,326 | €18,106 | -€2,220 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €10,632 | €5,981 | -€4,651 | -43.7% |
| Income taxes | 67/77 | €914 | €4,397 | +€3,484 | +381.2% |
| Profit (loss) for the period | 9904 | €9,718 | €1,584 | -€8,134 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,718 | €1,584 | -€8,134 | -83.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.