ALBEST: 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.
ALBEST
Largest movements
- Financial fixed assets +€450,000
up €450,000 (+58.5%), from €769,457 to €1.2m
- Cash +€48,683
up €48,683 (+107.2%), from €45,432 to €94,116
mainly Debts after one year (+€381,958) and Net result for the year (+€71,964)
- Receivables within one year -€34,606
down €34,606 (-100.0%), from €34,606 to €0
of which Trade receivables: -€33,416
- Debts after one year +€381,958
new in 2025: €381,958
- Reserves +€71,964
up €71,964 (+12.3%), from €585,357 to €657,321
- Current portion of long-term debt +€58,480
up €58,480, from €0 to €58,480
- Other debts -€42,606
down €42,606 (-21.2%), from €201,125 to €158,519
- Trade debts -€38,810
down €38,810 (-100.0%), from €38,810 to €0
- Taxes -€15,590
down €15,590 (-37.1%), from €42,008 to €26,418
- Financial income -€14,101
down €14,101 (-100.0%), from €14,102 to €0
- Depreciation +€8,292
up €8,292 (+618.8%), from €1,340 to €9,632
- Gross operating margin -€4,267
down €4,267 (-3.6%), from €119,447 to €115,180
- Financial charges +€3,233
up €3,233 (+1691.8%), from €191 to €3,424
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 | €895,424 | €1,349,870 | +€454,446 | +50.8% |
| Fixed assets | 21/28 | €815,386 | €1,255,754 | +€440,368 | +54.0% |
| Tangible fixed assets | 22/27 | €45,929 | €36,297 | -€9,632 | -21.0% |
| Plant, machinery and equipment | 23 | €1,734 | €1,467 | -€267 | -15.4% |
| Furniture and vehicles | 24 | €44,195 | €34,830 | -€9,365 | -21.2% |
| Financial fixed assets | 28 | €769,457 | €1,219,457 | +€450,000 | +58.5% |
| Current assets | 29/58 | €80,038 | €94,116 | +€14,078 | +17.6% |
| Amounts receivable within one year | 40/41 | €34,606 | €0 | -€34,606 | -100.0% |
| Trade receivables | 40 | €33,416 | €0 | -€33,416 | -100.0% |
| Other amounts receivable | 41 | €1,190 | €0 | -€1,190 | -100.0% |
| Cash at bank and in hand | 54/58 | €45,432 | €94,116 | +€48,683 | +107.2% |
| Total equity and liabilities | 10/49 | €895,424 | €1,349,870 | +€454,446 | +50.8% |
| Equity | 10/15 | €635,357 | €707,321 | +€71,964 | +11.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €585,357 | €657,321 | +€71,964 | +12.3% |
| Distributable reserves | 133 | €585,357 | €657,321 | +€71,964 | +12.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €260,067 | €642,549 | +€382,482 | +147.1% |
| Amounts payable after more than one year | 17 | - | €381,958 | +€381,958 | |
| Financial debts | 170/4 | - | €381,958 | +€381,958 | |
| Amounts payable within one year | 42/48 | €260,067 | €260,591 | +€524 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €58,480 | +€58,480 | |
| Trade debts | 44 | €38,810 | €0 | -€38,810 | -100.0% |
| Suppliers | 440/4 | €38,810 | €0 | -€38,810 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,132 | €43,592 | +€23,460 | +116.5% |
| Taxes | 450/3 | €20,132 | €43,592 | +€23,460 | +116.5% |
| Other amounts payable | 47/48 | €201,125 | €158,519 | -€42,606 | -21.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €9,632 | +€8,292 | +618.8% |
| Other operating charges | 640/8 | €905 | €3,742 | +€2,837 | +313.4% |
| Gross operating margin | 9900 | €119,447 | €115,180 | -€4,267 | -3.6% |
| Operating profit (loss) | 9901 | €117,201 | €101,806 | -€15,395 | -13.1% |
| Financial income | 75/76B | €14,102 | €0 | -€14,101 | -100.0% |
| Recurring financial income | 75 | €14,102 | €0 | -€14,101 | -100.0% |
| Financial charges | 65/66B | €191 | €3,424 | +€3,233 | +1691.8% |
| Recurring financial charges | 65 | €191 | €3,424 | +€3,233 | +1691.8% |
| Profit (loss) for the period before taxes | 9903 | €131,112 | €98,382 | -€32,730 | -25.0% |
| Income taxes | 67/77 | €42,008 | €26,418 | -€15,590 | -37.1% |
| Profit (loss) for the period | 9904 | €89,104 | €71,964 | -€17,140 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,104 | €71,964 | -€17,140 | -19.2% |
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.