ALBINA: 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.
ALBINA
Largest movements
- Receivables within one year +€61,622
up €61,622 (+230%), from €26,766 to €88,388
of which Other amounts receivable: +€68,550
- Tangible fixed assets -€26,466
down €26,466 (-21.1%), from €125,211 to €98,745
of which Furniture and vehicles: -€25,734
- Deferred charges and accrued income -€9,101
down €9,101 (-69.7%), from €13,053 to €3,952
- Debts after one year +€44,690
new in 2025: €44,690
- Other debts -€42,841
down €42,841 (-96.3%), from €44,501 to €1,660
- Reserves +€15,025
up €15,025 (+21.8%), from €68,816 to €83,841
- Current portion of long-term debt +€13,428
new in 2025: €13,428
- Trade debts -€6,930
down €6,930 (-86.7%), from €7,994 to €1,064
- Depreciation +€21,822
up €21,822 (+470%), from €4,644 to €26,466
- Gross operating margin -€17,744
down €17,744 (-22.6%), from €78,627 to €60,882
- Taxes -€4,518
down €4,518 (-27.6%), from €16,399 to €11,881
- Financial charges +€2,974
up €2,974 (+31,842%), from €9 to €2,983
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 | €171,066 | €196,675 | +€25,609 | +15.0% |
| Fixed assets | 21/28 | €127,711 | €101,245 | -€26,466 | -20.7% |
| Tangible fixed assets | 22/27 | €125,211 | €98,745 | -€26,466 | -21.1% |
| Plant, machinery and equipment | 23 | €1,574 | €842 | -€732 | -46.5% |
| Furniture and vehicles | 24 | €123,638 | €97,903 | -€25,734 | -20.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €43,355 | €95,430 | +€52,075 | +120% |
| Amounts receivable within one year | 40/41 | €26,766 | €88,388 | +€61,622 | +230% |
| Trade receivables | 40 | €25,078 | €18,150 | -€6,928 | -27.6% |
| Other amounts receivable | 41 | €1,688 | €70,238 | +€68,550 | +4,060% |
| Cash at bank and in hand | 54/58 | €3,536 | €3,091 | -€446 | -12.6% |
| Deferred charges and accrued income | 490/1 | €13,053 | €3,952 | -€9,101 | -69.7% |
| Total equity and liabilities | 10/49 | €171,066 | €196,675 | +€25,609 | +15.0% |
| Equity | 10/15 | €87,416 | €102,441 | +€15,025 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,816 | €83,841 | +€15,025 | +21.8% |
| Distributable reserves | 133 | €68,816 | €83,841 | +€15,025 | +21.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €83,650 | €94,234 | +€10,583 | +12.7% |
| Amounts payable after more than one year | 17 | - | €44,690 | +€44,690 | |
| Financial debts | 170/4 | - | €44,690 | +€44,690 | |
| Amounts payable within one year | 42/48 | €83,650 | €49,544 | -€34,107 | -40.8% |
| Current portion of amounts payable after more than one year | 42 | - | €13,428 | +€13,428 | |
| Financial debts | 43 | - | €541 | +€541 | |
| Other loans | 439 | - | €541 | +€541 | |
| Trade debts | 44 | €7,994 | €1,064 | -€6,930 | -86.7% |
| Suppliers | 440/4 | €7,994 | €1,064 | -€6,930 | -86.7% |
| Taxes, remuneration and social security | 45 | €31,156 | €32,851 | +€1,695 | +5.4% |
| Taxes | 450/3 | €31,156 | €32,851 | +€1,695 | +5.4% |
| Other amounts payable | 47/48 | €44,501 | €1,660 | -€42,841 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,644 | €26,466 | +€21,822 | +470% |
| Other operating charges | 640/8 | €3,312 | €3,071 | -€241 | -7.3% |
| Gross operating margin | 9900 | €78,627 | €60,882 | -€17,744 | -22.6% |
| Operating profit (loss) | 9901 | €70,670 | €31,345 | -€39,325 | -55.6% |
| Financial income | 75/76B | €589 | €204 | -€385 | -65.4% |
| Recurring financial income | 75 | €589 | €204 | -€385 | -65.4% |
| Financial charges | 65/66B | €9 | €2,983 | +€2,974 | +31,842% |
| Recurring financial charges | 65 | €9 | €2,983 | +€2,974 | +31,842% |
| Profit (loss) for the period before taxes | 9903 | €71,250 | €28,566 | -€42,684 | -59.9% |
| Income taxes | 67/77 | €16,399 | €11,881 | -€4,518 | -27.6% |
| Profit (loss) for the period | 9904 | €54,851 | €16,685 | -€38,166 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,851 | €16,685 | -€38,166 | -69.6% |
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.