ALBIR: 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.
ALBIR
Largest movements
- Tangible fixed assets -€8,424
down €8,424 (-5.7%), from €148,678 to €140,254
of which Land and buildings: -€7,766
- Receivables within one year -€5,876
down €5,876 (-31.7%), from €18,528 to €12,653
of which Other amounts receivable: -€3,100
- Cash -€3,962
down €3,962 (-86.6%), from €4,575 to €614
mainly Net result for the year (-€31,943) and Investment in fixed assets (net) (-€16,332)
- Profit (loss) carried forward -€31,943
down €31,943 (-112.6%), from -€28,377 to -€60,320
- Other debts +€26,297
up €26,297 (+95.0%), from €27,677 to €53,973
- Debts after one year -€10,683
down €10,683 (-10.6%), from €101,185 to €90,502
- Trade debts -€2,202
down €2,202 (-73.4%), from €3,001 to €799
- Gross operating margin -€15,604
down €15,604, from €10,857 to -€4,747
- Depreciation +€657
up €657 (+2.7%), from €24,026 to €24,683
- Financial charges -€187
down €187 (-7.5%), from €2,484 to €2,297
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 | €172,528 | €154,340 | -€18,188 | -10.5% |
| Fixed assets | 21/28 | €149,424 | €141,073 | -€8,351 | -5.6% |
| Tangible fixed assets | 22/27 | €148,678 | €140,254 | -€8,424 | -5.7% |
| Land and buildings | 22 | €145,565 | €137,799 | -€7,766 | -5.3% |
| Plant, machinery and equipment | 23 | €1,955 | €1,301 | -€655 | -33.5% |
| Furniture and vehicles | 24 | €1,158 | €1,155 | -€3 | -0.3% |
| Financial fixed assets | 28 | €746 | €819 | +€73 | +9.8% |
| Current assets | 29/58 | €23,104 | €13,266 | -€9,837 | -42.6% |
| Amounts receivable within one year | 40/41 | €18,528 | €12,653 | -€5,876 | -31.7% |
| Trade receivables | 40 | €13,014 | €10,238 | -€2,776 | -21.3% |
| Other amounts receivable | 41 | €5,515 | €2,415 | -€3,100 | -56.2% |
| Cash at bank and in hand | 54/58 | €4,575 | €614 | -€3,962 | -86.6% |
| Total equity and liabilities | 10/49 | €172,528 | €154,340 | -€18,188 | -10.5% |
| Equity | 10/15 | €25,227 | -€6,716 | -€31,943 | |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €46,938 | €46,938 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €44,938 | €44,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,377 | -€60,320 | -€31,943 | -112.6% |
| Amounts payable | 17/49 | €147,301 | €161,056 | +€13,755 | +9.3% |
| Amounts payable after more than one year | 17 | €101,185 | €90,502 | -€10,683 | -10.6% |
| Financial debts | 170/4 | €101,185 | €90,502 | -€10,683 | -10.6% |
| Amounts payable within one year | 42/48 | €46,116 | €70,554 | +€24,438 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €14,554 | €14,733 | +€179 | +1.2% |
| Trade debts | 44 | €3,001 | €799 | -€2,202 | -73.4% |
| Suppliers | 440/4 | €3,001 | €799 | -€2,202 | -73.4% |
| Taxes, remuneration and social security | 45 | €885 | €1,049 | +€164 | +18.5% |
| Taxes | 450/3 | €885 | €1,049 | +€164 | +18.5% |
| Other amounts payable | 47/48 | €27,677 | €53,973 | +€26,297 | +95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,026 | €24,683 | +€657 | +2.7% |
| Other operating charges | 640/8 | €109 | €53 | -€56 | -51.4% |
| Gross operating margin | 9900 | €10,857 | -€4,747 | -€15,604 | |
| Operating profit (loss) | 9901 | -€13,279 | -€29,483 | -€16,204 | -122.0% |
| Financial income | 75/76B | €15 | €1 | -€14 | -93.3% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -93.3% |
| Financial charges | 65/66B | €2,484 | €2,297 | -€187 | -7.5% |
| Recurring financial charges | 65 | €2,484 | €2,297 | -€187 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,748 | -€31,779 | -€16,031 | -101.8% |
| Income taxes | 67/77 | €139 | €164 | +€25 | +17.8% |
| Profit (loss) for the period | 9904 | -€15,887 | -€31,943 | -€16,056 | -101.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,887 | -€31,943 | -€16,056 | -101.1% |
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 9 October 2026 via checked.be.