Albert Immo: 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.
Albert Immo
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+118%), from €2.4m to €5.2m
of which Other amounts receivable: +€2.9m
- Stocks and contracts -€752,577
down €752,577 (-41.5%), from €1.8m to €1.1m
- Cash -€417,273
down €417,273 (-87.5%), from €476,667 to €59,394
mainly Receivables within one year (-€2.8m) and Tax, wage and social debts (-€15,846)
- Advances received +€1.1m
up €1.1m (+1,099%), from €103,272 to €1.2m
- Trade debts +€533,932
up €533,932 (+76.3%), from €699,889 to €1.2m
- Gross operating margin -€89,808
down €89,808 (-99.6%), from €90,156 to €348
- Financial charges -€25,918
down €25,918 (-86.3%), from €30,049 to €4,132
- Taxes -€15,846
down €15,846 (-100%), from €15,846 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,698,221 | €6,346,409 | +€1.6m | +35.1% |
| Current assets | 29/58 | €4,698,221 | €6,346,409 | +€1.6m | +35.1% |
| Stocks and contracts in progress | 3 | €1,813,711 | €1,061,134 | -€752,577 | -41.5% |
| Contracts in progress | 37 | €1,813,711 | €1,061,134 | -€752,577 | -41.5% |
| Amounts receivable within one year | 40/41 | €2,393,835 | €5,221,992 | +€2.8m | +118% |
| Trade receivables | 40 | €196,835 | €99,454 | -€97,381 | -49.5% |
| Other amounts receivable | 41 | €2,197,000 | €5,122,538 | +€2.9m | +133% |
| Cash at bank and in hand | 54/58 | €476,667 | €59,394 | -€417,273 | -87.5% |
| Deferred charges and accrued income | 490/1 | €14,008 | €3,889 | -€10,118 | -72.2% |
| Total equity and liabilities | 10/49 | €4,698,221 | €6,346,409 | +€1.6m | +35.1% |
| Equity | 10/15 | €3,878,203 | €3,874,032 | -€4,171 | -0.1% |
| Contributions | 10/11 | €3,834,674 | €3,834,674 | = | 0.0% |
| Capital | 10 | €3,834,674 | €3,834,674 | = | 0.0% |
| Issued capital | 100 | €3,834,674 | €3,834,674 | = | 0.0% |
| Reserves | 13 | €2,176 | €2,176 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,176 | €2,176 | = | 0.0% |
| Legal reserve | 130 | €2,176 | €2,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,352 | €37,182 | -€4,171 | -10.1% |
| Amounts payable | 17/49 | €820,018 | €2,472,377 | +€1.7m | +202% |
| Amounts payable within one year | 42/48 | €819,006 | €2,472,377 | +€1.7m | +202% |
| Trade debts | 44 | €699,889 | €1,233,821 | +€533,932 | +76.3% |
| Suppliers | 440/4 | €699,889 | €1,233,821 | +€533,932 | +76.3% |
| Advances received on contracts in progress | 46 | €103,272 | €1,238,556 | +€1.1m | +1,099% |
| Taxes, remuneration and social security | 45 | €15,846 | €0 | -€15,846 | -100% |
| Taxes | 450/3 | €15,846 | €0 | -€15,846 | -100% |
| Accrued charges and deferred income | 492/3 | €1,011 | €0 | -€1,011 | -100% |
| Other operating charges | 640/8 | €732 | €387 | -€345 | -47.1% |
| Gross operating margin | 9900 | €90,156 | €348 | -€89,808 | -99.6% |
| Operating profit (loss) | 9901 | €89,424 | -€39 | -€89,463 | |
| Financial charges | 65/66B | €30,049 | €4,132 | -€25,918 | -86.3% |
| Recurring financial charges | 65 | €30,049 | €4,132 | -€25,918 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | €59,375 | -€4,171 | -€63,545 | |
| Income taxes | 67/77 | €15,846 | €0 | -€15,846 | -100% |
| Profit (loss) for the period | 9904 | €43,529 | -€4,171 | -€47,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,529 | -€4,171 | -€47,700 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.