ALBOTOM: 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.
ALBOTOM
Largest movements
- Tangible fixed assets -€454,672
down €454,672 (-15.9%), from €2.9m to €2.4m
of which Plant, machinery and equipment: -€317,523
- Cash -€195,190
down €195,190 (-66.3%), from €294,341 to €99,150
mainly Other debts (-€1.2m) and Trade debts (-€162,625)
- Receivables within one year -€75,419
down €75,419 (-9.9%), from €763,262 to €687,843
of which Trade receivables: -€99,630
- Stocks and contracts +€60,284
up €60,284 (+15.7%), from €385,128 to €445,412
- Other debts -€1.2m
down €1.2m (-94.7%), from €1.3m to €68,167
- Debts after one year +€630,129
up €630,129 (+63.4%), from €994,271 to €1.6m
- Profit (loss) carried forward +€232,773
up €232,773 (+20.4%), from -€1.1m to -€908,332
- Trade debts -€162,625
down €162,625 (-23.5%), from €693,460 to €530,835
- Current portion of long-term debt -€72,041
down €72,041 (-16.0%), from €449,372 to €377,331
- Gross operating margin +€310,787
up €310,787 (+23.2%), from €1.3m to €1.6m
- Staff costs -€139,053
down €139,053 (-13.7%), from €1.0m to €873,528
- Other operating charges -€109,559
down €109,559 (-93.4%), from €117,302 to €7,744
- Write-downs -€82,134
no longer reported in 2025 (was €82,134)
- Financial charges +€69,942
up €69,942 (+213.3%), from €32,792 to €102,734
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 | €4,351,803 | €3,669,662 | -€682,141 | -15.7% |
| Fixed assets | 21/28 | €2,893,961 | €2,426,275 | -€467,686 | -16.2% |
| Intangible fixed assets | 21 | €29,296 | €16,283 | -€13,014 | -44.4% |
| Tangible fixed assets | 22/27 | €2,864,029 | €2,409,357 | -€454,672 | -15.9% |
| Land and buildings | 22 | €1,539,392 | €1,427,836 | -€111,555 | -7.2% |
| Plant, machinery and equipment | 23 | €1,266,442 | €948,919 | -€317,523 | -25.1% |
| Furniture and vehicles | 24 | €58,196 | €32,602 | -€25,594 | -44.0% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €1,457,843 | €1,243,387 | -€214,455 | -14.7% |
| Stocks and contracts in progress | 3 | €385,128 | €445,412 | +€60,284 | +15.7% |
| Stocks | 30/36 | €385,128 | €445,412 | +€60,284 | +15.7% |
| Amounts receivable within one year | 40/41 | €763,262 | €687,843 | -€75,419 | -9.9% |
| Trade receivables | 40 | €761,992 | €662,363 | -€99,630 | -13.1% |
| Other amounts receivable | 41 | €1,270 | €25,480 | +€24,211 | +1906.9% |
| Cash at bank and in hand | 54/58 | €294,341 | €99,150 | -€195,190 | -66.3% |
| Deferred charges and accrued income | 490/1 | €15,112 | €10,982 | -€4,130 | -27.3% |
| Total equity and liabilities | 10/49 | €4,351,803 | €3,669,662 | -€682,141 | -15.7% |
| Equity | 10/15 | €257,819 | €489,192 | +€231,373 | +89.7% |
| Contributions | 10/11 | €1,381,000 | €1,381,000 | = | 0.0% |
| Reserves | 13 | €3,924 | €3,924 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,924 | €3,924 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,924 | €3,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,141,105 | -€908,332 | +€232,773 | +20.4% |
| Investment grants | 15 | €14,000 | €12,600 | -€1,400 | -10.0% |
| Amounts payable | 17/49 | €4,093,984 | €3,180,470 | -€913,514 | -22.3% |
| Amounts payable after more than one year | 17 | €994,271 | €1,624,400 | +€630,129 | +63.4% |
| Financial debts | 170/4 | €994,271 | €1,624,400 | +€630,129 | +63.4% |
| Amounts payable within one year | 42/48 | €3,069,713 | €1,556,070 | -€1.5m | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €449,372 | €377,331 | -€72,041 | -16.0% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €693,460 | €530,835 | -€162,625 | -23.5% |
| Suppliers | 440/4 | €693,460 | €530,835 | -€162,625 | -23.5% |
| Taxes, remuneration and social security | 45 | €150,995 | €79,737 | -€71,259 | -47.2% |
| Taxes | 450/3 | €7,852 | €5,941 | -€1,910 | -24.3% |
| Remuneration and social security | 454/9 | €143,144 | €73,795 | -€69,349 | -48.4% |
| Other amounts payable | 47/48 | €1,275,886 | €68,167 | -€1.2m | -94.7% |
| Accrued charges and deferred income | 492/3 | €30,000 | - | -€30,000 | |
| Remuneration, social security and pensions | 62 | €1,012,581 | €873,528 | -€139,053 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486,776 | €432,551 | -€54,225 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €82,134 | - | -€82,134 | |
| Other operating charges | 640/8 | €117,302 | €7,744 | -€109,559 | -93.4% |
| Gross operating margin | 9900 | €1,337,102 | €1,647,889 | +€310,787 | +23.2% |
| Operating profit (loss) | 9901 | -€361,692 | €334,066 | +€695,758 | |
| Financial income | 75/76B | €1,655 | €1,440 | -€215 | -13.0% |
| Recurring financial income | 75 | €1,655 | €1,440 | -€215 | -13.0% |
| Financial charges | 65/66B | €32,792 | €102,734 | +€69,942 | +213.3% |
| Recurring financial charges | 65 | €32,792 | €102,734 | +€69,942 | +213.3% |
| Profit (loss) for the period before taxes | 9903 | -€392,829 | €232,773 | +€625,602 | |
| Profit (loss) for the period | 9904 | -€392,829 | €232,773 | +€625,602 | |
| Profit (loss) for the period to be appropriated | 9905 | -€392,829 | €232,773 | +€625,602 |
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 6 October 2026 via checked.be.