ALBNOR: 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.
ALBNOR
Largest movements
- Tangible fixed assets +€56,810
up €56,810 (+123.6%), from €45,948 to €102,758
of which Plant, machinery and equipment: +€55,064
- Receivables within one year +€16,338
up €16,338 (+10.6%), from €153,808 to €170,146
- Cash -€13,467
down €13,467 (-12.8%), from €105,385 to €91,918
mainly Investment in fixed assets (net) (-€93,650) and Trade debts (-€19,440)
- Profit (loss) carried forward +€70,842
up €70,842 (+29.2%), from €242,530 to €313,371
- Trade debts -€19,440
down €19,440 (-29.9%), from €65,047 to €45,607
- Other debts -€11,079
down €11,079 (-11.1%), from €99,567 to €88,488
- Accrued charges and deferred income +€9,654
up €9,654 (+104.1%), from €9,274 to €18,928
- Tax, wage and social debts +€7,434
up €7,434 (+11.2%), from €66,624 to €74,058
of which Taxes: +€7,626
- Purchases and services +€139,018
up €139,018 (+16.3%), from €855,335 to €994,353
- Turnover +€109,296
up €109,296 (+8.9%), from €1.2m to €1.3m
- Taxes -€43,267
no longer reported in 2024 (was €43,267)
- Gross operating margin -€29,723
down €29,723 (-8.1%), from €367,655 to €337,932
- Other operating charges +€28,956
up €28,956 (+25.2%), from €115,085 to €144,041
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €503,502 | €560,912 | +€57,411 | +11.4% |
| Fixed assets | 21/28 | €75,253 | €130,551 | +€55,297 | +73.5% |
| Intangible fixed assets | 21 | €12,730 | €11,217 | -€1,513 | -11.9% |
| Tangible fixed assets | 22/27 | €45,948 | €102,758 | +€56,810 | +123.6% |
| Plant, machinery and equipment | 23 | €45,887 | €100,951 | +€55,064 | +120.0% |
| Furniture and vehicles | 24 | €61 | €1,807 | +€1,745 | +2838.6% |
| Financial fixed assets | 28 | €16,575 | €16,575 | = | 0.0% |
| Current assets | 29/58 | €428,248 | €430,362 | +€2,113 | +0.5% |
| Amounts receivable after more than one year | 29 | €164,132 | €164,132 | = | 0.0% |
| Trade receivables | 290 | €164,132 | €164,132 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,808 | €170,146 | +€16,338 | +10.6% |
| Trade receivables | 40 | €153,808 | €170,146 | +€16,338 | +10.6% |
| Cash at bank and in hand | 54/58 | €105,385 | €91,918 | -€13,467 | -12.8% |
| Deferred charges and accrued income | 490/1 | €4,924 | €4,166 | -€758 | -15.4% |
| Total equity and liabilities | 10/49 | €503,502 | €560,912 | +€57,411 | +11.4% |
| Equity | 10/15 | €262,990 | €333,831 | +€70,842 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €242,530 | €313,371 | +€70,842 | +29.2% |
| Amounts payable | 17/49 | €240,512 | €227,081 | -€13,431 | -5.6% |
| Amounts payable within one year | 42/48 | €231,238 | €208,153 | -€23,085 | -10.0% |
| Trade debts | 44 | €65,047 | €45,607 | -€19,440 | -29.9% |
| Suppliers | 440/4 | €65,047 | €45,607 | -€19,440 | -29.9% |
| Taxes, remuneration and social security | 45 | €66,624 | €74,058 | +€7,434 | +11.2% |
| Taxes | 450/3 | €59,397 | €67,023 | +€7,626 | +12.8% |
| Remuneration and social security | 454/9 | €7,227 | €7,035 | -€192 | -2.7% |
| Other amounts payable | 47/48 | €99,567 | €88,488 | -€11,079 | -11.1% |
| Accrued charges and deferred income | 492/3 | €9,274 | €18,928 | +€9,654 | +104.1% |
| Turnover | 70 | €1,222,989 | €1,332,285 | +€109,296 | +8.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €855,335 | €994,353 | +€139,018 | +16.3% |
| Remuneration, social security and pensions | 62 | €99,577 | €79,526 | -€20,051 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,689 | €38,353 | -€10,337 | -21.2% |
| Other operating charges | 640/8 | €115,085 | €144,041 | +€28,956 | +25.2% |
| Gross operating margin | 9900 | €367,655 | €337,932 | -€29,723 | -8.1% |
| Operating profit (loss) | 9901 | €104,304 | €76,012 | -€28,291 | -27.1% |
| Financial income | 75/76B | €1,727 | €5,067 | +€3,340 | +193.4% |
| Recurring financial income | 75 | €1,727 | €5,067 | +€3,340 | +193.4% |
| Financial charges | 65/66B | €1,514 | €10,238 | +€8,724 | +576.4% |
| Recurring financial charges | 65 | €1,514 | €10,238 | +€8,724 | +576.4% |
| Profit (loss) for the period before taxes | 9903 | €104,517 | €70,842 | -€33,675 | -32.2% |
| Income taxes | 67/77 | €43,267 | - | -€43,267 | |
| Profit (loss) for the period | 9904 | €61,249 | €70,842 | +€9,592 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,249 | €70,842 | +€9,592 | +15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.