ALBOMAT: 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.
ALBOMAT
Largest movements
- Tangible fixed assets -€28,011
down €28,011 (-4.5%), from €620,647 to €592,636
of which Land and buildings: -€23,512
- Debts after one year -€56,556
down €56,556 (-51.1%), from €110,707 to €54,151
- Short-term financial debts +€25,036
up €25,036 (+15.4%), from €162,376 to €187,413
- Other debts +€19,700
up €19,700 (+52.6%), from €37,438 to €57,138
- Trade debts -€16,448
down €16,448 (-22.7%), from €72,310 to €55,862
- Reserves +€12,198
up €12,198 (+12.5%), from €97,716 to €109,915
of which Distributable reserves: +€12,198
- Gross operating margin -€24,009
down €24,009 (-15.1%), from €159,327 to €135,318
- Staff costs +€13,486
up €13,486 (+43.8%), from €30,810 to €44,296
- Taxes -€11,564
down €11,564 (-57.5%), from €20,111 to €8,547
- Financial charges -€7,346
down €7,346 (-21.1%), from €34,892 to €27,546
- Depreciation -€2,040
down €2,040 (-6.8%), from €30,051 to €28,011
From the 2023 result to the 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €723,337 | €702,171 | -€21,166 | -2.9% |
| Fixed assets | 21/28 | €629,493 | €601,482 | -€28,011 | -4.4% |
| Tangible fixed assets | 22/27 | €620,647 | €592,636 | -€28,011 | -4.5% |
| Land and buildings | 22 | €606,876 | €583,364 | -€23,512 | -3.9% |
| Plant, machinery and equipment | 23 | €1,164 | €789 | -€376 | -32.3% |
| Furniture and vehicles | 24 | €1,749 | €845 | -€904 | -51.7% |
| Leasing and similar rights | 25 | €10,858 | €7,638 | -€3,219 | -29.7% |
| Financial fixed assets | 28 | €8,845 | €8,845 | = | 0.0% |
| Current assets | 29/58 | €93,845 | €100,690 | +€6,845 | +7.3% |
| Stocks and contracts in progress | 3 | €28,110 | €25,720 | -€2,390 | -8.5% |
| Stocks | 30/36 | €28,110 | €25,720 | -€2,390 | -8.5% |
| Amounts receivable within one year | 40/41 | €63,167 | €68,574 | +€5,407 | +8.6% |
| Trade receivables | 40 | €29,765 | €5,439 | -€24,326 | -81.7% |
| Other amounts receivable | 41 | €33,403 | €63,136 | +€29,733 | +89.0% |
| Cash at bank and in hand | 54/58 | €2,567 | €6,395 | +€3,828 | +149.1% |
| Total equity and liabilities | 10/49 | €723,337 | €702,171 | -€21,166 | -2.9% |
| Equity | 10/15 | €279,177 | €291,375 | +€12,198 | +4.4% |
| Contributions | 10/11 | €123,952 | €123,952 | = | 0.0% |
| Capital | 10 | €123,952 | €123,952 | = | 0.0% |
| Issued capital | 100 | €123,952 | €123,952 | = | 0.0% |
| Reserves | 13 | €97,716 | €109,915 | +€12,198 | +12.5% |
| Non-distributable reserves | 130/1 | €7,601 | €7,601 | = | 0.0% |
| Legal reserve | 130 | €7,601 | €7,601 | = | 0.0% |
| Distributable reserves | 133 | €90,116 | €102,314 | +€12,198 | +13.5% |
| Profit (loss) carried forward | 14 | €57,509 | €57,509 | = | 0.0% |
| Amounts payable | 17/49 | €444,160 | €410,796 | -€33,364 | -7.5% |
| Amounts payable after more than one year | 17 | €110,707 | €54,151 | -€56,556 | -51.1% |
| Financial debts | 170/4 | €110,707 | €54,151 | -€56,556 | -51.1% |
| Amounts payable within one year | 42/48 | €333,453 | €356,645 | +€23,192 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €61,329 | €56,232 | -€5,097 | -8.3% |
| Financial debts | 43 | €162,376 | €187,413 | +€25,036 | +15.4% |
| Credit institutions | 430/8 | €162,376 | €187,413 | +€25,036 | +15.4% |
| Trade debts | 44 | €72,310 | €55,862 | -€16,448 | -22.7% |
| Suppliers | 440/4 | €72,310 | €55,862 | -€16,448 | -22.7% |
| Other amounts payable | 47/48 | €37,438 | €57,138 | +€19,700 | +52.6% |
| Remuneration, social security and pensions | 62 | €30,810 | €44,296 | +€13,486 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,051 | €28,011 | -€2,040 | -6.8% |
| Other operating charges | 640/8 | €12,336 | €13,722 | +€1,385 | +11.2% |
| Gross operating margin | 9900 | €159,327 | €135,318 | -€24,009 | -15.1% |
| Operating profit (loss) | 9901 | €86,130 | €49,290 | -€36,840 | -42.8% |
| Financial income | 75/76B | €600 | - | -€600 | |
| Recurring financial income | 75 | €600 | - | -€600 | |
| Financial charges | 65/66B | €34,892 | €27,546 | -€7,346 | -21.1% |
| Recurring financial charges | 65 | €34,892 | €27,546 | -€7,346 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €51,838 | €21,744 | -€30,095 | -58.1% |
| Income taxes | 67/77 | €20,111 | €8,547 | -€11,564 | -57.5% |
| Profit (loss) for the period | 9904 | €31,727 | €13,197 | -€18,530 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,727 | €13,197 | -€18,530 | -58.4% |
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.