ALBOURAK: what changed
ALBOURAK
Largest movements
- Receivables within one year +€109,363
up €109,363 (+4,481%), from €2,441 to €111,804
of which Other amounts receivable: +€108,163
- Cash -€109,126
down €109,126 (-66.0%), from €165,230 to €56,103
mainly Receivables within one year (-€109,363) and Contributions, distributions and other (-€103,000)
- Stocks and contracts +€7,423
up €7,423 (+22.5%), from €32,980 to €40,403
- Profit (loss) carried forward -€130,076
down €130,076 (-77.8%), from €167,091 to €37,015
- Other debts +€98,677
up €98,677 (+2,283%), from €4,323 to €103,000
- Trade debts +€20,394
new in 2025: €20,394
- Tax, wage and social debts +€20,343
up €20,343 (+56.4%), from €36,046 to €56,389
of which Remuneration and social security: +€16,285
- Turnover -€1.5m
down €1.5m (-52.5%), from €2.8m to €1.3m
- Purchases and services -€1.4m
down €1.4m (-52.6%), from €2.6m to €1.2m
- Gross operating margin -€106,410
down €106,410 (-51.4%), from €206,993 to €100,583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,460 | €222,798 | +€9,337 | +4.4% |
| Fixed assets | 21/28 | €12,810 | €14,487 | +€1,677 | +13.1% |
| Tangible fixed assets | 22/27 | €12,810 | €14,487 | +€1,677 | +13.1% |
| Furniture and vehicles | 24 | €9,838 | €12,812 | +€2,973 | +30.2% |
| Other tangible fixed assets | 26 | €2,971 | €1,675 | -€1,296 | -43.6% |
| Current assets | 29/58 | €200,650 | €208,311 | +€7,660 | +3.8% |
| Stocks and contracts in progress | 3 | €32,980 | €40,403 | +€7,423 | +22.5% |
| Stocks | 30/36 | €32,980 | €40,403 | +€7,423 | +22.5% |
| Amounts receivable within one year | 40/41 | €2,441 | €111,804 | +€109,363 | +4,481% |
| Trade receivables | 40 | - | €1,200 | +€1,200 | |
| Other amounts receivable | 41 | €2,441 | €110,604 | +€108,163 | +4,432% |
| Cash at bank and in hand | 54/58 | €165,230 | €56,103 | -€109,126 | -66.0% |
| Total equity and liabilities | 10/49 | €213,460 | €222,798 | +€9,337 | +4.4% |
| Equity | 10/15 | €173,091 | €43,015 | -€130,076 | -75.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,091 | €37,015 | -€130,076 | -77.8% |
| Amounts payable | 17/49 | €40,369 | €179,783 | +€139,414 | +345% |
| Amounts payable within one year | 42/48 | €40,369 | €179,783 | +€139,414 | +345% |
| Trade debts | 44 | - | €20,394 | +€20,394 | |
| Suppliers | 440/4 | - | €20,394 | +€20,394 | |
| Taxes, remuneration and social security | 45 | €36,046 | €56,389 | +€20,343 | +56.4% |
| Taxes | 450/3 | €22,642 | €26,700 | +€4,057 | +17.9% |
| Remuneration and social security | 454/9 | €13,404 | €29,689 | +€16,285 | +121% |
| Other amounts payable | 47/48 | €4,323 | €103,000 | +€98,677 | +2,283% |
| Turnover | 70 | €2,827,336 | €1,343,287 | -€1.5m | -52.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,630,889 | €1,246,638 | -€1.4m | -52.6% |
| Remuneration, social security and pensions | 62 | €106,779 | €105,211 | -€1,568 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,443 | €4,296 | -€147 | -3.3% |
| Other operating charges | 640/8 | €259 | €15,241 | +€14,981 | +5,774% |
| Gross operating margin | 9900 | €206,993 | €100,583 | -€106,410 | -51.4% |
| Operating profit (loss) | 9901 | €95,511 | -€24,165 | -€119,676 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €176 | €767 | +€591 | +335% |
| Recurring financial charges | 65 | €176 | €767 | +€591 | +335% |
| Profit (loss) for the period before taxes | 9903 | €95,335 | -€24,932 | -€120,266 | |
| Income taxes | 67/77 | €29,025 | €2,145 | -€26,880 | -92.6% |
| Profit (loss) for the period | 9904 | €66,310 | -€27,076 | -€93,386 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,310 | -€27,076 | -€93,386 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.