ALBERT SQUARE: 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 SQUARE
Largest movements
- Current investments -€107,740
down €107,740 (-8.9%), from €1.2m to €1.1m
- Cash +€95,844
up €95,844 (+265.3%), from €36,133 to €131,977
mainly Current investments (+€107,740) and Trade debts (+€572)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€13,348
up €13,348, from -€3,483 to €9,865
- Depreciation -€1,754
down €1,754 (-100.0%), from €1,754 to €0
- Gross operating margin +€716
up €716 (+30.7%), from -€2,331 to -€1,615
- Other operating charges +€600
up €600 (+101.2%), from €592 to €1,192
- Financial income +€576
up €576 (+44.6%), from €1,291 to €1,867
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 | €1,244,247 | €1,234,015 | -€10,232 | -0.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,244,247 | €1,234,015 | -€10,232 | -0.8% |
| Amounts receivable within one year | 40/41 | €387 | €948 | +€560 | +144.6% |
| Other amounts receivable | 41 | €387 | €948 | +€560 | +144.6% |
| Current investments | 50/53 | €1,206,328 | €1,098,588 | -€107,740 | -8.9% |
| Cash at bank and in hand | 54/58 | €36,133 | €131,977 | +€95,844 | +265.3% |
| Deferred charges and accrued income | 490/1 | €1,399 | €2,502 | +€1,103 | +78.9% |
| Total equity and liabilities | 10/49 | €1,244,247 | €1,234,015 | -€10,232 | -0.8% |
| Equity | 10/15 | -€6,346 | -€17,150 | -€10,805 | -170.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,346 | -€42,150 | -€10,805 | -34.5% |
| Amounts payable | 17/49 | €1,250,593 | €1,251,165 | +€572 | 0.0% |
| Amounts payable after more than one year | 17 | €1,250,000 | €1,250,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,250,000 | €1,250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €593 | €1,165 | +€572 | +96.5% |
| Trade debts | 44 | €593 | €1,165 | +€572 | +96.5% |
| Suppliers | 440/4 | €593 | €1,165 | +€572 | +96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,754 | €0 | -€1,754 | -100.0% |
| Other operating charges | 640/8 | €592 | €1,192 | +€600 | +101.2% |
| Gross operating margin | 9900 | -€2,331 | -€1,615 | +€716 | +30.7% |
| Operating profit (loss) | 9901 | -€4,677 | -€2,807 | +€1,870 | +40.0% |
| Financial income | 75/76B | €1,291 | €1,867 | +€576 | +44.6% |
| Recurring financial income | 75 | €1,291 | €1,867 | +€576 | +44.6% |
| Financial charges | 65/66B | -€3,483 | €9,865 | +€13,348 | |
| Recurring financial charges | 65 | -€3,483 | €9,865 | +€13,348 | |
| Profit (loss) for the period before taxes | 9903 | €97 | -€10,805 | -€10,901 | |
| Profit (loss) for the period | 9904 | €97 | -€10,805 | -€10,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €97 | -€10,805 | -€10,901 |
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 29 September 2026 via checked.be.