ALBITUM: 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.
What changed
ALBITUM
NACE 43.410, Roofing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€26,071
2024 · €116,995-€90,924
Equity
€1.7m
2024 · €1.7m+€26,071
Cash
€555,032
2024 · €214,064+€340,968
Balance sheet total
€3.6m
2024 · €3.6m-€6,592
Largest movements
Assets
- Receivables within one year -€353,657
down €353,657 (-10.7%), from €3.3m to €2.9m
of which Trade receivables: -€412,087
- Cash +€340,968
up €340,968 (+159.3%), from €214,064 to €555,032
mainly Debts after one year (+€397,850) and Receivables within one year (+€353,657)
Equity and liabilities
- Short-term financial debts -€625,000
down €625,000 (-55.6%), from €1.1m to €500,000
- Debts after one year +€397,850
up €397,850 (+329.2%), from €120,848 to €518,698
- Advances received +€111,412
new in 2025: €111,412
- Tax, wage and social debts -€106,222
down €106,222 (-43.5%), from €244,357 to €138,135
of which Remuneration and social security: -€110,561
- Trade debts +€94,888
up €94,888 (+44.9%), from €211,195 to €306,083
Income statement
- Turnover -€5.7m
no longer reported in 2025 (was €5.7m)
- Goods and materials -€2.5m
no longer reported in 2025 (was €2.5m)
of which Purchases: -€2.5m
- Gross operating margin +€2.3m
new in 2025: €2.3m
- Services and other goods -€640,443
no longer reported in 2025 (was €640,443)
- Other operating income -€191,539
no longer reported in 2025 (was €191,539)
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.
Result 2024
€116,995
Turnover
-€5.7m
Other operating income
-€191,539
Goods and materials
+€2.5m
Services and other goods
+€640,443
Staff costs
+€174,152
Depreciation
-€8,162
Write-downs
-€534
Provisions
+€50,000
Other operating charges
+€849
Other operating items
+€2.4m
Financial income
-€3,406
Financial charges
+€25,356
Taxes
+€4
Result 2025
€26,071
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.
From operations
+€473,637
Investment
+€73
Financing
-€132,742
Cash 2024
€214,064
From operations (derived)
+€473,637
Net result for the year
+€26,071
Depreciation
+€17,906
Stocks and contracts
-€13,317
Receivables within one year
+€353,657
Deferred charges and accrued income
-€10,760
Trade debts
+€94,888
Tax, wage and social debts
-€106,222
Advances received
+€111,412
Investment (derived)
+€73
Investment in fixed assets (net)
+€73
Financing
-€132,742
Debts after one year
+€397,850
Current portion of long-term debt
+€94,408
Short-term financial debts
-€625,000
Cash 2025
€555,032
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,629,525 | €3,622,933 | -€6,592 | -0.2% |
| Fixed assets | 21/28 | €94,766 | €76,787 | -€17,979 | -19.0% |
| Tangible fixed assets | 22/27 | €27,357 | €44,237 | +€16,880 | +61.7% |
| Plant, machinery and equipment | 23 | €16,302 | €9,693 | -€6,609 | -40.5% |
| Furniture and vehicles | 24 | €1,074 | €27,179 | +€26,105 | +2430.7% |
| Other tangible fixed assets | 26 | €9,981 | €7,365 | -€2,616 | -26.2% |
| Financial fixed assets | 28 | €67,409 | €32,550 | -€34,859 | -51.7% |
| Other financial fixed assets | 284/8 | €67,409 | - | -€67,409 | |
| Amounts receivable and cash guarantees | 285/8 | €67,409 | - | -€67,409 | |
| Current assets | 29/58 | €3,534,758 | €3,546,146 | +€11,388 | +0.3% |
| Stocks and contracts in progress | 3 | €5,958 | €19,274 | +€13,317 | +223.5% |
| Stocks | 30/36 | €5,958 | €19,274 | +€13,317 | +223.5% |
| Goods purchased for resale | 34 | €5,958 | - | -€5,958 | |
| Amounts receivable within one year | 40/41 | €3,291,749 | €2,938,092 | -€353,657 | -10.7% |
| Trade receivables | 40 | €1,549,538 | €1,137,451 | -€412,087 | -26.6% |
| Other amounts receivable | 41 | €1,742,210 | €1,800,641 | +€58,430 | +3.4% |
| Cash at bank and in hand | 54/58 | €214,064 | €555,032 | +€340,968 | +159.3% |
| Deferred charges and accrued income | 490/1 | €22,988 | €33,748 | +€10,760 | +46.8% |
| Total equity and liabilities | 10/49 | €3,629,525 | €3,622,933 | -€6,592 | -0.2% |
| Equity | 10/15 | €1,662,181 | €1,688,252 | +€26,071 | +1.6% |
| Contributions | 10/11 | €9,145,959 | €9,145,959 | = | 0.0% |
| Capital | 10 | €9,145,667 | €9,145,667 | = | 0.0% |
| Issued capital | 100 | €9,145,667 | €9,145,667 | = | 0.0% |
| Outside capital | 11 | €292 | €292 | = | 0.0% |
| Share premium | 1100/10 | €292 | €292 | = | 0.0% |
| Reserves | 13 | €992 | €992 | = | 0.0% |
| Non-distributable reserves | 130/1 | €992 | €992 | = | 0.0% |
| Legal reserve | 130 | €992 | €992 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,484,770 | -€7,458,699 | +€26,071 | +0.3% |
| Provisions and deferred taxes | 16 | €250,000 | €250,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €250,000 | €250,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,717,344 | €1,684,681 | -€32,663 | -1.9% |
| Amounts payable after more than one year | 17 | €120,848 | €518,698 | +€397,850 | +329.2% |
| Financial debts | 170/4 | €120,848 | €518,698 | +€397,850 | +329.2% |
| Subordinated loans | 170 | €120,848 | - | -€120,848 | |
| Amounts payable within one year | 42/48 | €1,580,552 | €1,150,039 | -€430,513 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | - | €94,408 | +€94,408 | |
| Financial debts | 43 | €1,125,000 | €500,000 | -€625,000 | -55.6% |
| Credit institutions | 430/8 | €1,125,000 | €500,000 | -€625,000 | -55.6% |
| Trade debts | 44 | €211,195 | €306,083 | +€94,888 | +44.9% |
| Suppliers | 440/4 | €211,195 | €306,083 | +€94,888 | +44.9% |
| Advances received on contracts in progress | 46 | - | €111,412 | +€111,412 | |
| Taxes, remuneration and social security | 45 | €244,357 | €138,135 | -€106,222 | -43.5% |
| Taxes | 450/3 | €10,434 | €14,773 | +€4,339 | +41.6% |
| Remuneration and social security | 454/9 | €233,923 | €123,362 | -€110,561 | -47.3% |
| Accrued charges and deferred income | 492/3 | €15,944 | €15,944 | = | 0.0% |
| Operating income | 70/76A | €5,732,785 | - | -€5.7m | |
| Turnover | 70 | €5,678,499 | - | -€5.7m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€137,253 | - | +€137,253 | |
| Other operating income | 74 | €191,539 | - | -€191,539 | |
| Operating charges | 60/66A | €5,531,582 | - | -€5.5m | |
| Goods for resale, raw materials and consumables | 60 | €2,509,597 | - | -€2.5m | |
| Purchases | 600/8 | €2,513,090 | - | -€2.5m | |
| Change in stocks: decrease (increase) | 609 | -€3,493 | - | +€3,493 | |
| Services and other goods | 61 | €640,443 | - | -€640,443 | |
| Remuneration, social security and pensions | 62 | €2,314,620 | €2,140,468 | -€174,152 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,745 | €17,906 | +€8,162 | +83.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €534 | +€534 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €50,000 | - | -€50,000 | |
| Other operating charges | 640/8 | €7,178 | €6,329 | -€849 | -11.8% |
| Gross operating margin | 9900 | - | €2,253,561 | +€2.3m | |
| Operating profit (loss) | 9901 | €201,203 | €88,325 | -€112,879 | -56.1% |
| Financial income | 75/76B | €5,201 | €1,795 | -€3,406 | -65.5% |
| Recurring financial income | 75 | €5,201 | €1,795 | -€3,406 | -65.5% |
| Income from current assets | 751 | €68 | - | -€68 | |
| Other financial income | 752/9 | €5,133 | - | -€5,133 | |
| Financial charges | 65/66B | €88,043 | €62,687 | -€25,356 | -28.8% |
| Recurring financial charges | 65 | €88,043 | €62,687 | -€25,356 | -28.8% |
| Debt charges | 650 | €78,443 | - | -€78,443 | |
| Other financial charges | 652/9 | €9,600 | - | -€9,600 | |
| Profit (loss) for the period before taxes | 9903 | €118,361 | €27,433 | -€90,928 | -76.8% |
| Income taxes | 67/77 | €1,365 | €1,361 | -€4 | -0.3% |
| Taxes | 670/3 | €1,365 | - | -€1,365 | |
| Profit (loss) for the period | 9904 | €116,995 | €26,071 | -€90,924 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €116,995 | €26,071 | -€90,924 | -77.7% |
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 9 October 2026 via checked.be.