ALBOVAN: 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.
ALBOVAN
Largest movements
- Stocks and contracts -€255,465
down €255,465 (-100.0%), from €255,465 to €0
- Current investments +€60,000
new in 2025: €60,000
- Tangible fixed assets -€54,423
down €54,423 (-4.1%), from €1.3m to €1.3m
of which Land and buildings: -€37,908
- Cash -€20,675
down €20,675 (-72.1%), from €28,683 to €8,008
mainly Debts after one year (-€216,486) and Contributions, distributions and other (-€134,697)
- Debts after one year -€216,486
down €216,486 (-27.5%), from €786,136 to €569,650
of which Other amounts payable: -€144,311
- Reserves -€37,206
down €37,206 (-5.3%), from €708,681 to €671,475
of which Distributable reserves: -€37,206
- Gross operating margin -€39,844
down €39,844 (-13.8%), from €288,256 to €248,412
- Financial charges -€18,041
down €18,041 (-37.0%), from €48,708 to €30,667
- Depreciation +€16,146
up €16,146 (+42.2%), from €38,277 to €54,423
- Taxes -€12,484
down €12,484 (-21.4%), from €58,436 to €45,952
- Other operating charges +€2,931
up €2,931 (+16.6%), from €17,627 to €20,558
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 | €1,628,680 | €1,353,783 | -€274,898 | -16.9% |
| Fixed assets | 21/28 | €1,326,852 | €1,272,429 | -€54,423 | -4.1% |
| Tangible fixed assets | 22/27 | €1,326,847 | €1,272,424 | -€54,423 | -4.1% |
| Land and buildings | 22 | €1,242,651 | €1,204,744 | -€37,908 | -3.1% |
| Furniture and vehicles | 24 | €84,195 | €67,680 | -€16,515 | -19.6% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €301,829 | €81,354 | -€220,475 | -73.0% |
| Stocks and contracts in progress | 3 | €255,465 | €0 | -€255,465 | -100.0% |
| Stocks | 30/36 | €255,465 | €0 | -€255,465 | -100.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €28,683 | €8,008 | -€20,675 | -72.1% |
| Deferred charges and accrued income | 490/1 | €17,681 | €13,346 | -€4,335 | -24.5% |
| Total equity and liabilities | 10/49 | €1,628,680 | €1,353,783 | -€274,898 | -16.9% |
| Equity | 10/15 | €727,231 | €690,025 | -€37,206 | -5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €708,681 | €671,475 | -€37,206 | -5.3% |
| Tax-exempt reserves | 132 | €9,950 | €9,950 | = | 0.0% |
| Distributable reserves | 133 | €698,731 | €661,525 | -€37,206 | -5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €901,449 | €663,758 | -€237,692 | -26.4% |
| Amounts payable after more than one year | 17 | €786,136 | €569,650 | -€216,486 | -27.5% |
| Financial debts | 170/4 | €271,410 | €199,235 | -€72,175 | -26.6% |
| Other amounts payable | 178/9 | €514,726 | €370,415 | -€144,311 | -28.0% |
| Amounts payable within one year | 42/48 | €91,442 | €82,005 | -€9,437 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €71,617 | €72,175 | +€558 | +0.8% |
| Trade debts | 44 | €651 | €640 | -€11 | -1.7% |
| Suppliers | 440/4 | €651 | €640 | -€11 | -1.7% |
| Taxes, remuneration and social security | 45 | €18,575 | €8,591 | -€9,985 | -53.8% |
| Taxes | 450/3 | €18,575 | €8,591 | -€9,985 | -53.8% |
| Other amounts payable | 47/48 | €600 | €600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €23,871 | €12,103 | -€11,768 | -49.3% |
| Non-recurring operating income | 76A | €1,750 | €0 | -€1,750 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,277 | €54,423 | +€16,146 | +42.2% |
| Other operating charges | 640/8 | €17,627 | €20,558 | +€2,931 | +16.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €288,256 | €248,412 | -€39,844 | -13.8% |
| Operating profit (loss) | 9901 | €232,352 | €173,431 | -€58,921 | -25.4% |
| Financial income | 75/76B | €0 | €679 | +€679 | |
| Recurring financial income | 75 | €0 | €679 | +€679 | |
| Financial charges | 65/66B | €48,708 | €30,667 | -€18,041 | -37.0% |
| Recurring financial charges | 65 | €48,708 | €30,667 | -€18,041 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €183,644 | €143,443 | -€40,201 | -21.9% |
| Income taxes | 67/77 | €58,436 | €45,952 | -€12,484 | -21.4% |
| Profit (loss) for the period | 9904 | €125,207 | €97,491 | -€27,716 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €125,207 | €97,491 | -€27,716 | -22.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.