ALBINO: 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.
ALBINO
Largest movements
- Receivables within one year +€134,288
up €134,288 (+173%), from €77,776 to €212,064
of which Other amounts receivable: +€100,000
- Tangible fixed assets -€126,808
down €126,808 (-7.8%), from €1.6m to €1.5m
of which Land and buildings: -€118,722
- Debts after one year -€458,904
down €458,904 (-10.6%), from €4.3m to €3.9m
of which Financial debts: -€458,904
- Other debts -€298,855
down €298,855 (-37.1%), from €806,000 to €507,145
- Profit (loss) carried forward +€261,702
up €261,702 (+25.7%), from €1.0m to €1.3m
- Reserves +€210,500
up €210,500 (+7.7%), from €2.7m to €3.0m
of which Tax-exempt reserves: +€210,500
- Provisions +€133,333
up €133,333 (+100%), from €133,333 to €266,667
- Gross operating margin +€169,591
up €169,591 (+17.5%), from €970,262 to €1.1m
- Taxes +€68,664
up €68,664 (+72.8%), from €94,338 to €163,002
- Staff costs -€47,064
no longer reported in 2025 (was €47,064)
- Financial income +€25,949
up €25,949 (+5.3%), from €486,481 to €512,431
- Financial charges -€12,691
down €12,691 (-10.9%), from €116,089 to €103,398
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 | €10,201,214 | €10,210,404 | +€9,190 | +0.1% |
| Fixed assets | 21/28 | €10,107,893 | €9,981,085 | -€126,808 | -1.3% |
| Tangible fixed assets | 22/27 | €1,630,185 | €1,503,377 | -€126,808 | -7.8% |
| Land and buildings | 22 | €1,563,503 | €1,444,781 | -€118,722 | -7.6% |
| Plant, machinery and equipment | 23 | €66,681 | €58,595 | -€8,086 | -12.1% |
| Financial fixed assets | 28 | €8,477,708 | €8,477,708 | = | 0.0% |
| Current assets | 29/58 | €93,321 | €229,319 | +€135,998 | +146% |
| Amounts receivable within one year | 40/41 | €77,776 | €212,064 | +€134,288 | +173% |
| Trade receivables | 40 | €77,776 | €112,064 | +€34,288 | +44.1% |
| Other amounts receivable | 41 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €405 | €2,179 | +€1,774 | +438% |
| Deferred charges and accrued income | 490/1 | €15,140 | €15,076 | -€64 | -0.4% |
| Total equity and liabilities | 10/49 | €10,201,214 | €10,210,404 | +€9,190 | +0.1% |
| Equity | 10/15 | €4,344,473 | €4,816,675 | +€472,202 | +10.9% |
| Contributions | 10/11 | €580,000 | €580,000 | = | 0.0% |
| Capital | 10 | €580,000 | €580,000 | = | 0.0% |
| Issued capital | 100 | €580,000 | €580,000 | = | 0.0% |
| Reserves | 13 | €2,745,320 | €2,955,820 | +€210,500 | +7.7% |
| Non-distributable reserves | 130/1 | €58,000 | €58,000 | = | 0.0% |
| Legal reserve | 130 | €58,000 | €58,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €589,400 | €799,900 | +€210,500 | +35.7% |
| Distributable reserves | 133 | €2,097,920 | €2,097,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,019,153 | €1,280,855 | +€261,702 | +25.7% |
| Provisions and deferred taxes | 16 | €133,333 | €266,667 | +€133,333 | +100% |
| Provisions for liabilities and charges | 160/5 | €133,333 | €266,667 | +€133,333 | +100% |
| Environmental obligations | 163 | €133,333 | €266,667 | +€133,333 | +100% |
| Amounts payable | 17/49 | €5,723,407 | €5,127,062 | -€596,345 | -10.4% |
| Amounts payable after more than one year | 17 | €4,336,175 | €3,877,270 | -€458,904 | -10.6% |
| Financial debts | 170/4 | €4,297,932 | €3,839,028 | -€458,904 | -10.7% |
| Other amounts payable | 178/9 | €38,243 | €38,243 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,386,985 | €1,249,611 | -€137,373 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €448,764 | €508,904 | +€60,141 | +13.4% |
| Trade debts | 44 | €90,075 | €71,912 | -€18,163 | -20.2% |
| Suppliers | 440/4 | €90,075 | €71,912 | -€18,163 | -20.2% |
| Taxes, remuneration and social security | 45 | €42,146 | €161,650 | +€119,504 | +284% |
| Taxes | 450/3 | €42,146 | €161,650 | +€119,504 | +284% |
| Other amounts payable | 47/48 | €806,000 | €507,145 | -€298,855 | -37.1% |
| Accrued charges and deferred income | 492/3 | €248 | €181 | -€67 | -27.2% |
| Remuneration, social security and pensions | 62 | €47,064 | - | -€47,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,426 | €224,884 | -€5,541 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,210 | -€19,852 | +€2,358 | +10.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €133,333 | €133,333 | = | 0.0% |
| Other operating charges | 640/8 | €65,263 | €75,318 | +€10,055 | +15.4% |
| Gross operating margin | 9900 | €970,262 | €1,139,854 | +€169,591 | +17.5% |
| Operating profit (loss) | 9901 | €516,387 | €726,170 | +€209,783 | +40.6% |
| Financial income | 75/76B | €486,481 | €512,431 | +€25,949 | +5.3% |
| Recurring financial income | 75 | €486,481 | €512,431 | +€25,949 | +5.3% |
| Financial charges | 65/66B | €116,089 | €103,398 | -€12,691 | -10.9% |
| Recurring financial charges | 65 | €116,089 | €103,398 | -€12,691 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €886,779 | €1,135,203 | +€248,424 | +28.0% |
| Income taxes | 67/77 | €94,338 | €163,002 | +€68,664 | +72.8% |
| Profit (loss) for the period | 9904 | €792,442 | €972,202 | +€179,760 | +22.7% |
| Transfer from tax-exempt reserves | 789 | €2,473 | - | -€2,473 | |
| Transfer to tax-exempt reserves | 689 | €252,600 | €210,500 | -€42,100 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €542,314 | €761,702 | +€219,387 | +40.5% |
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 30 October 2026 via checked.be.