ALBRA ESTATES: what changed
Two financial 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.
ALBRA ESTATES
Largest movements
- Cash -€24,231
down €24,231 (-50.5%), from €47,988 to €23,756
mainly Investment in fixed assets (net) (-€42,324) and Receivables within one year (-€8,888)
- Tangible fixed assets +€19,804
up €19,804 (+3.3%), from €593,362 to €613,166
of which Assets under construction and advance payments: +€42,324
- Receivables within one year +€8,888
up €8,888 (+562%), from €1,582 to €10,470
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,358
up €2,358 (+8.7%), from €27,202 to €29,560
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.
Derived cash bridge
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 | €646,165 | €649,009 | +€2,844 | +0.4% |
| Fixed assets | 21/28 | €593,362 | €613,166 | +€19,804 | +3.3% |
| Tangible fixed assets | 22/27 | €593,362 | €613,166 | +€19,804 | +3.3% |
| Land and buildings | 22 | €590,819 | €569,272 | -€21,547 | -3.6% |
| Plant, machinery and equipment | 23 | €2,544 | €1,570 | -€974 | -38.3% |
| Assets under construction and advance payments | 27 | - | €42,324 | +€42,324 | |
| Current assets | 29/58 | €52,803 | €35,843 | -€16,960 | -32.1% |
| Amounts receivable within one year | 40/41 | €1,582 | €10,470 | +€8,888 | +562% |
| Other amounts receivable | 41 | €1,582 | €10,470 | +€8,888 | +562% |
| Cash at bank and in hand | 54/58 | €47,988 | €23,756 | -€24,231 | -50.5% |
| Deferred charges and accrued income | 490/1 | €3,233 | €1,616 | -€1,616 | -50.0% |
| Total equity and liabilities | 10/49 | €646,165 | €649,009 | +€2,844 | +0.4% |
| Equity | 10/15 | -€25,835 | -€27,991 | -€2,156 | -8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,435 | -€46,591 | -€2,156 | -4.9% |
| Amounts payable | 17/49 | €672,000 | €677,000 | +€5,000 | +0.7% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €172,000 | €177,000 | +€5,000 | +2.9% |
| Other amounts payable | 47/48 | €172,000 | €177,000 | +€5,000 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,520 | €22,520 | = | 0.0% |
| Other operating charges | 640/8 | €4,019 | €4,167 | +€148 | +3.7% |
| Gross operating margin | 9900 | €27,202 | €29,560 | +€2,358 | +8.7% |
| Operating profit (loss) | 9901 | €662 | €2,873 | +€2,210 | +334% |
| Financial charges | 65/66B | €5,024 | €5,029 | +€5 | +0.1% |
| Recurring financial charges | 65 | €5,024 | €5,029 | +€5 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,362 | -€2,156 | +€2,206 | +50.6% |
| Profit (loss) for the period | 9904 | -€4,362 | -€2,156 | +€2,206 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,362 | -€2,156 | +€2,206 | +50.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.