ALBRACO: 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.
ALBRACO
Largest movements
- Tangible fixed assets +€21,932
up €21,932 (+334%), from €6,566 to €28,499
- Cash +€11,539
up €11,539 (+8.5%), from €136,011 to €147,549
mainly Net result for the year (+€27,128) and Depreciation (+€6,842)
- Reserves +€27,128
up €27,128 (+25.2%), from €107,513 to €134,641
of which Distributable reserves: +€27,128
- Tax, wage and social debts +€4,863
up €4,863 (+41.2%), from €11,791 to €16,654
of which Taxes: +€3,363
- Gross operating margin +€28,018
up €28,018 (+133%), from €21,064 to €49,082
- Taxes +€6,451
up €6,451 (+122%), from €5,272 to €11,723
- Depreciation +€4,803
up €4,803 (+235%), from €2,040 to €6,842
- Financial charges +€1,180
up €1,180 (+580%), from €203 to €1,383
- Other operating charges +€752
up €752 (+60.0%), from €1,254 to €2,006
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.
Derived cash bridge
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 | €158,556 | €191,357 | +€32,800 | +20.7% |
| Fixed assets | 21/28 | €6,566 | €28,499 | +€21,932 | +334% |
| Tangible fixed assets | 22/27 | €6,566 | €28,499 | +€21,932 | +334% |
| Furniture and vehicles | 24 | €6,566 | €28,499 | +€21,932 | +334% |
| Current assets | 29/58 | €151,990 | €162,858 | +€10,868 | +7.2% |
| Amounts receivable within one year | 40/41 | €12,317 | €11,581 | -€736 | -6.0% |
| Trade receivables | 40 | €10,589 | €11,581 | +€992 | +9.4% |
| Other amounts receivable | 41 | €1,728 | €0 | -€1,728 | -100% |
| Cash at bank and in hand | 54/58 | €136,011 | €147,549 | +€11,539 | +8.5% |
| Deferred charges and accrued income | 490/1 | €3,663 | €3,728 | +€65 | +1.8% |
| Total equity and liabilities | 10/49 | €158,556 | €191,357 | +€32,800 | +20.7% |
| Equity | 10/15 | €126,113 | €153,241 | +€27,128 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,513 | €134,641 | +€27,128 | +25.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €11,082 | €11,082 | = | 0.0% |
| Distributable reserves | 133 | €96,430 | €123,559 | +€27,128 | +28.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,444 | €38,116 | +€5,672 | +17.5% |
| Amounts payable within one year | 42/48 | €32,238 | €36,678 | +€4,441 | +13.8% |
| Trade debts | 44 | €858 | €874 | +€15 | +1.8% |
| Suppliers | 440/4 | €858 | €874 | +€15 | +1.8% |
| Taxes, remuneration and social security | 45 | €11,791 | €16,654 | +€4,863 | +41.2% |
| Taxes | 450/3 | €11,791 | €15,154 | +€3,363 | +28.5% |
| Remuneration and social security | 454/9 | €0 | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €19,588 | €19,151 | -€437 | -2.2% |
| Accrued charges and deferred income | 492/3 | €206 | €1,438 | +€1,232 | +598% |
| Non-recurring operating income | 76A | - | €2,975 | +€2,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,040 | €6,842 | +€4,803 | +235% |
| Other operating charges | 640/8 | €1,254 | €2,006 | +€752 | +60.0% |
| Gross operating margin | 9900 | €21,064 | €49,082 | +€28,018 | +133% |
| Operating profit (loss) | 9901 | €17,770 | €40,234 | +€22,464 | +126% |
| Financial charges | 65/66B | €203 | €1,383 | +€1,180 | +580% |
| Recurring financial charges | 65 | €203 | €1,383 | +€1,180 | +580% |
| Profit (loss) for the period before taxes | 9903 | €17,567 | €38,851 | +€21,284 | +121% |
| Income taxes | 67/77 | €5,272 | €11,723 | +€6,451 | +122% |
| Profit (loss) for the period | 9904 | €12,295 | €27,128 | +€14,833 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €12,295 | €27,128 | +€14,833 | +121% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.