ALBRECHT: 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.
ALBRECHT
Largest movements
- Current investments -€110,000
down €110,000 (-44.0%), from €250,000 to €140,000
- Receivables within one year -€109,543
down €109,543 (-59.6%), from €183,757 to €74,214
of which Trade receivables: -€147,916
- Tangible fixed assets -€69,523
down €69,523 (-21.0%), from €330,521 to €260,998
of which Plant, machinery and equipment: -€54,512
- Cash +€56,975
up €56,975 (+70.2%), from €81,111 to €138,086
mainly Current investments (+€110,000) and Receivables within one year (+€109,543)
- Stocks and contracts -€28,977
down €28,977 (-82.4%), from €35,161 to €6,184
- Trade debts -€111,846
down €111,846 (-69.7%), from €160,578 to €48,732
- Debts after one year -€95,800
down €95,800 (-48.7%), from €196,583 to €100,784
- Contributions -€70,000
down €70,000 (-46.1%), from €151,805 to €81,805
- Reserves +€52,122
up €52,122 (+40.1%), from €129,853 to €181,975
- Accrued charges and deferred income -€24,718
down €24,718 (-41.2%), from €59,985 to €35,267
- Staff costs +€26,855
up €26,855 (+62.0%), from €43,347 to €70,201
- Depreciation +€21,757
up €21,757 (+25.8%), from €84,225 to €105,982
- Gross operating margin +€10,189
up €10,189 (+4.2%), from €244,172 to €254,362
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 | €955,371 | €710,599 | -€244,772 | -25.6% |
| Fixed assets | 21/28 | €363,050 | €295,003 | -€68,047 | -18.7% |
| Tangible fixed assets | 22/27 | €330,521 | €260,998 | -€69,523 | -21.0% |
| Land and buildings | 22 | €61,861 | €61,861 | = | 0.0% |
| Plant, machinery and equipment | 23 | €247,146 | €192,633 | -€54,512 | -22.1% |
| Furniture and vehicles | 24 | €21,514 | €6,504 | -€15,010 | -69.8% |
| Financial fixed assets | 28 | €32,530 | €34,005 | +€1,476 | +4.5% |
| Current assets | 29/58 | €592,321 | €415,595 | -€176,726 | -29.8% |
| Amounts receivable after more than one year | 29 | €1,234 | €7,404 | +€6,170 | +500.0% |
| Other amounts receivable | 291 | €1,234 | €7,404 | +€6,170 | +500.0% |
| Stocks and contracts in progress | 3 | €35,161 | €6,184 | -€28,977 | -82.4% |
| Stocks | 30/36 | €35,161 | €6,184 | -€28,977 | -82.4% |
| Amounts receivable within one year | 40/41 | €183,757 | €74,214 | -€109,543 | -59.6% |
| Trade receivables | 40 | €152,754 | €4,839 | -€147,916 | -96.8% |
| Other amounts receivable | 41 | €31,003 | €69,375 | +€38,372 | +123.8% |
| Current investments | 50/53 | €250,000 | €140,000 | -€110,000 | -44.0% |
| Cash at bank and in hand | 54/58 | €81,111 | €138,086 | +€56,975 | +70.2% |
| Deferred charges and accrued income | 490/1 | €41,057 | €49,708 | +€8,650 | +21.1% |
| Total equity and liabilities | 10/49 | €955,371 | €710,599 | -€244,772 | -25.6% |
| Equity | 10/15 | €424,481 | €406,603 | -€17,878 | -4.2% |
| Contributions | 10/11 | €151,805 | €81,805 | -€70,000 | -46.1% |
| Reserves | 13 | €129,853 | €181,975 | +€52,122 | +40.1% |
| Distributable reserves | 133 | €129,853 | €181,975 | +€52,122 | +40.1% |
| Profit (loss) carried forward | 14 | €142,823 | €142,823 | = | 0.0% |
| Amounts payable | 17/49 | €530,890 | €303,996 | -€226,894 | -42.7% |
| Amounts payable after more than one year | 17 | €196,583 | €100,784 | -€95,800 | -48.7% |
| Financial debts | 170/4 | €196,583 | €100,784 | -€95,800 | -48.7% |
| Amounts payable within one year | 42/48 | €274,322 | €167,946 | -€106,376 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €95,840 | €95,800 | -€40 | 0.0% |
| Trade debts | 44 | €160,578 | €48,732 | -€111,846 | -69.7% |
| Suppliers | 440/4 | €160,578 | €48,732 | -€111,846 | -69.7% |
| Taxes, remuneration and social security | 45 | €17,904 | €23,413 | +€5,509 | +30.8% |
| Taxes | 450/3 | €7,179 | €10,649 | +€3,471 | +48.3% |
| Remuneration and social security | 454/9 | €10,725 | €12,764 | +€2,039 | +19.0% |
| Accrued charges and deferred income | 492/3 | €59,985 | €35,267 | -€24,718 | -41.2% |
| Remuneration, social security and pensions | 62 | €43,347 | €70,201 | +€26,855 | +62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,225 | €105,982 | +€21,757 | +25.8% |
| Other operating charges | 640/8 | €3,247 | €4,633 | +€1,386 | +42.7% |
| Gross operating margin | 9900 | €244,172 | €254,362 | +€10,189 | +4.2% |
| Operating profit (loss) | 9901 | €113,354 | €73,546 | -€39,808 | -35.1% |
| Financial income | 75/76B | €1,171 | €3,559 | +€2,389 | +204.0% |
| Recurring financial income | 75 | €1,171 | €3,140 | +€1,970 | +168.3% |
| Non-recurring financial income | 76B | - | €419 | +€419 | |
| Financial charges | 65/66B | €6,343 | €6,349 | +€6 | +0.1% |
| Recurring financial charges | 65 | €6,343 | €6,349 | +€6 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €108,182 | €70,756 | -€37,426 | -34.6% |
| Income taxes | 67/77 | €17,530 | €18,634 | +€1,104 | +6.3% |
| Profit (loss) for the period | 9904 | €90,652 | €52,122 | -€38,530 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,652 | €52,122 | -€38,530 | -42.5% |
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 1 October 2026 via checked.be.