Albeton: 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.
Albeton
Largest movements
- Tangible fixed assets +€8.6m
up €8.6m (+356%), from €2.4m to €11.0m
of which Land and buildings: +€8.4m
- Financial fixed assets -€6.0m
down €6.0m (-100.0%), from €6.0m to €2,800
- Receivables within one year -€206,088
down €206,088 (-74.4%), from €277,140 to €71,052
of which Other amounts receivable: -€230,020
- Debts after one year +€1.9m
up €1.9m (+30.8%), from €6.3m to €8.3m
of which Financial debts: +€1.9m
- Other debts +€245,548
up €245,548 (+1,216%), from €20,200 to €265,748
- Current portion of long-term debt +€216,037
up €216,037 (+648%), from €33,333 to €249,370
- Financial charges +€237,080
up €237,080 (+5,061%), from €4,684 to €241,764
- Gross operating margin +€205,380
up €205,380 (+98.8%), from €207,771 to €413,151
- Depreciation +€152,685
up €152,685 (+315%), from €48,408 to €201,093
- Write-downs -€47,500
new in 2025: -€47,500
- Other operating charges +€32,962
up €32,962 (+80.5%), from €40,935 to €73,897
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.
Derived cash bridge
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 | €8,703,493 | €11,082,604 | +€2.4m | +27.3% |
| Fixed assets | 21/28 | €8,414,679 | €11,005,253 | +€2.6m | +30.8% |
| Tangible fixed assets | 22/27 | €2,414,679 | €11,002,453 | +€8.6m | +356% |
| Land and buildings | 22 | €2,414,679 | €10,853,577 | +€8.4m | +349% |
| Plant, machinery and equipment | 23 | - | €59,669 | +€59,669 | |
| Assets under construction and advance payments | 27 | - | €89,208 | +€89,208 | |
| Financial fixed assets | 28 | €6,000,000 | €2,800 | -€6.0m | -100.0% |
| Current assets | 29/58 | €288,814 | €77,352 | -€211,463 | -73.2% |
| Amounts receivable within one year | 40/41 | €277,140 | €71,052 | -€206,088 | -74.4% |
| Trade receivables | 40 | €3,025 | €26,956 | +€23,931 | +791% |
| Other amounts receivable | 41 | €274,115 | €44,096 | -€230,020 | -83.9% |
| Cash at bank and in hand | 54/58 | €5,150 | €6,006 | +€856 | +16.6% |
| Deferred charges and accrued income | 490/1 | €6,524 | €294 | -€6,230 | -95.5% |
| Total equity and liabilities | 10/49 | €8,703,493 | €11,082,604 | +€2.4m | +27.3% |
| Equity | 10/15 | €2,330,123 | €2,274,213 | -€55,910 | -2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,206,485 | €2,206,485 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,485 | €6,485 | = | 0.0% |
| Distributable reserves | 133 | €2,200,000 | €2,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,639 | €5,728 | -€55,910 | -90.7% |
| Amounts payable | 17/49 | €6,373,370 | €8,808,392 | +€2.4m | +38.2% |
| Amounts payable after more than one year | 17 | €6,310,000 | €8,253,517 | +€1.9m | +30.8% |
| Financial debts | 170/4 | €6,250,000 | €8,191,717 | +€1.9m | +31.1% |
| Other amounts payable | 178/9 | €60,000 | €61,800 | +€1,800 | +3.0% |
| Amounts payable within one year | 42/48 | €58,470 | €547,752 | +€489,282 | +837% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €249,370 | +€216,037 | +648% |
| Trade debts | 44 | €4,937 | €32,634 | +€27,697 | +561% |
| Suppliers | 440/4 | €4,937 | €32,634 | +€27,697 | +561% |
| Other amounts payable | 47/48 | €20,200 | €265,748 | +€245,548 | +1,216% |
| Accrued charges and deferred income | 492/3 | €4,900 | €7,122 | +€2,222 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,408 | €201,093 | +€152,685 | +315% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€47,500 | -€47,500 | |
| Other operating charges | 640/8 | €40,935 | €73,897 | +€32,962 | +80.5% |
| Gross operating margin | 9900 | €207,771 | €413,151 | +€205,380 | +98.8% |
| Operating profit (loss) | 9901 | €118,428 | €185,662 | +€67,234 | +56.8% |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €4,684 | €241,764 | +€237,080 | +5,061% |
| Recurring financial charges | 65 | €4,684 | €241,764 | +€237,080 | +5,061% |
| Profit (loss) for the period before taxes | 9903 | €113,744 | -€55,974 | -€169,718 | |
| Income taxes | 67/77 | €28,552 | -€64 | -€28,616 | |
| Profit (loss) for the period | 9904 | €85,192 | -€55,910 | -€141,102 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,192 | -€55,910 | -€141,102 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.