ALBERTVIN: 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.
ALBERTVIN
Largest movements
- Cash +€87,093
up €87,093 (+229.8%), from €37,905 to €124,997
mainly Net result for the year (+€344,170) and Tax, wage and social debts (+€16,490)
- Receivables within one year +€83,777
up €83,777 (+74.9%), from €111,925 to €195,702
of which Other amounts receivable: +€83,777
- Tangible fixed assets +€32,349
up €32,349 (+137.8%), from €23,470 to €55,818
of which Furniture and vehicles: +€33,417
- Reserves +€344,170
up €344,170 (+20.7%), from €1.7m to €2.0m
of which Distributable reserves: +€344,170
- Debts after one year -€122,635
down €122,635 (-15.8%), from €776,673 to €654,038
- Other debts -€36,790
down €36,790 (-100.0%), from €36,790 to €0
- Financial income +€253,157
up €253,157 (+252047.7%), from €100 to €253,257
- Financial charges +€20,469
up €20,469 (+265.5%), from €7,711 to €28,180
- Gross operating margin -€16,301
down €16,301 (-7.4%), from €219,029 to €202,728
- Taxes +€6,721
up €6,721 (+9.8%), from €68,529 to €75,250
- Depreciation +€4,429
up €4,429 (+158.1%), from €2,801 to €7,230
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 | €2,647,320 | €2,850,611 | +€203,292 | +7.7% |
| Fixed assets | 21/28 | €2,496,688 | €2,529,036 | +€32,349 | +1.3% |
| Tangible fixed assets | 22/27 | €23,470 | €55,818 | +€32,349 | +137.8% |
| Furniture and vehicles | 24 | €18,876 | €52,293 | +€33,417 | +177.0% |
| Other tangible fixed assets | 26 | €4,593 | €3,525 | -€1,069 | -23.3% |
| Financial fixed assets | 28 | €2,473,218 | €2,473,218 | = | 0.0% |
| Current assets | 29/58 | €150,632 | €321,575 | +€170,943 | +113.5% |
| Amounts receivable within one year | 40/41 | €111,925 | €195,702 | +€83,777 | +74.9% |
| Trade receivables | 40 | €111,925 | €111,925 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €83,777 | +€83,777 | |
| Cash at bank and in hand | 54/58 | €37,905 | €124,997 | +€87,093 | +229.8% |
| Deferred charges and accrued income | 490/1 | €802 | €876 | +€74 | +9.2% |
| Total equity and liabilities | 10/49 | €2,647,320 | €2,850,611 | +€203,292 | +7.7% |
| Equity | 10/15 | €1,678,298 | €2,022,468 | +€344,170 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,659,698 | €2,003,868 | +€344,170 | +20.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €426 | €426 | = | 0.0% |
| Distributable reserves | 133 | €1,659,272 | €2,003,442 | +€344,170 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €969,021 | €828,143 | -€140,878 | -14.5% |
| Amounts payable after more than one year | 17 | €776,673 | €654,038 | -€122,635 | -15.8% |
| Financial debts | 170/4 | €776,673 | €654,038 | -€122,635 | -15.8% |
| Amounts payable within one year | 42/48 | €189,267 | €172,981 | -€16,286 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €118,605 | €122,635 | +€4,030 | +3.4% |
| Trade debts | 44 | €65 | €50 | -€15 | -23.0% |
| Suppliers | 440/4 | €65 | €50 | -€15 | -23.0% |
| Taxes, remuneration and social security | 45 | €33,806 | €50,296 | +€16,490 | +48.8% |
| Taxes | 450/3 | €31,056 | €47,546 | +€16,490 | +53.1% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €36,790 | €0 | -€36,790 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,082 | €1,124 | -€1,957 | -63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,801 | €7,230 | +€4,429 | +158.1% |
| Other operating charges | 640/8 | €1,715 | €1,155 | -€559 | -32.6% |
| Gross operating margin | 9900 | €219,029 | €202,728 | -€16,301 | -7.4% |
| Operating profit (loss) | 9901 | €214,513 | €194,342 | -€20,171 | -9.4% |
| Financial income | 75/76B | €100 | €253,257 | +€253,157 | +252047.7% |
| Recurring financial income | 75 | €100 | €253,257 | +€253,157 | +252047.7% |
| Financial charges | 65/66B | €7,711 | €28,180 | +€20,469 | +265.5% |
| Recurring financial charges | 65 | €7,711 | €28,180 | +€20,469 | +265.5% |
| Profit (loss) for the period before taxes | 9903 | €206,903 | €419,420 | +€212,517 | +102.7% |
| Income taxes | 67/77 | €68,529 | €75,250 | +€6,721 | +9.8% |
| Profit (loss) for the period | 9904 | €138,374 | €344,170 | +€205,796 | +148.7% |
| Profit (loss) for the period to be appropriated | 9905 | €138,374 | €344,170 | +€205,796 | +148.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.