ALBRIMA: 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.
ALBRIMA
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+868.2%), from €251,509 to €2.4m
of which Land and buildings: +€1.1m
- Cash +€372,643
up €372,643 (+174.2%), from €213,873 to €586,517
mainly Debts after one year (+€1.8m) and Net result for the year (+€302,452)
- Receivables within one year -€194,392
down €194,392 (-15.2%), from €1.3m to €1.1m
of which Trade receivables: -€162,966
- Stocks and contracts -€143,412
down €143,412 (-24.3%), from €589,650 to €446,238
of which Contracts in progress: -€171,600
- Debts after one year +€1.8m
up €1.8m (+1671.5%), from €108,546 to €1.9m
of which Financial debts: +€1.8m
- Reserves +€300,000
up €300,000 (+32.9%), from €912,000 to €1.2m
of which Distributable reserves: +€300,000
- Current portion of long-term debt +€135,547
up €135,547 (+456.8%), from €29,672 to €165,219
- Tax, wage and social debts -€73,727
down €73,727 (-32.1%), from €229,732 to €156,005
of which Taxes: -€63,723
- Trade debts +€66,172
up €66,172 (+11.0%), from €599,650 to €665,822
- Gross operating margin +€306,061
up €306,061 (+21.1%), from €1.5m to €1.8m
- Staff costs +€123,176
up €123,176 (+11.2%), from €1.1m to €1.2m
- Depreciation +€85,697
up €85,697 (+202.0%), from €42,425 to €128,122
- Financial charges +€34,544
up €34,544 (+59.6%), from €58,002 to €92,545
- Write-downs -€22,343
down €22,343 (-69.1%), from €32,343 to €10,000
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 | €2,331,996 | €4,586,516 | +€2.3m | +96.7% |
| Fixed assets | 21/28 | €251,584 | €2,435,109 | +€2.2m | +867.9% |
| Tangible fixed assets | 22/27 | €251,509 | €2,435,034 | +€2.2m | +868.2% |
| Land and buildings | 22 | €79,482 | €1,173,669 | +€1.1m | +1376.6% |
| Plant, machinery and equipment | 23 | €38,913 | €68,917 | +€30,004 | +77.1% |
| Furniture and vehicles | 24 | €20,522 | €8,857 | -€11,665 | -56.8% |
| Leasing and similar rights | 25 | €112,591 | €1,183,591 | +€1.1m | +951.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €2,080,412 | €2,151,407 | +€70,995 | +3.4% |
| Stocks and contracts in progress | 3 | €589,650 | €446,238 | -€143,412 | -24.3% |
| Stocks | 30/36 | €39,150 | €67,338 | +€28,188 | +72.0% |
| Contracts in progress | 37 | €550,500 | €378,900 | -€171,600 | -31.2% |
| Amounts receivable within one year | 40/41 | €1,276,889 | €1,082,497 | -€194,392 | -15.2% |
| Trade receivables | 40 | €1,120,557 | €957,591 | -€162,966 | -14.5% |
| Other amounts receivable | 41 | €156,332 | €124,906 | -€31,427 | -20.1% |
| Cash at bank and in hand | 54/58 | €213,873 | €586,517 | +€372,643 | +174.2% |
| Deferred charges and accrued income | 490/1 | - | €36,156 | +€36,156 | |
| Total equity and liabilities | 10/49 | €2,331,996 | €4,586,516 | +€2.3m | +96.7% |
| Equity | 10/15 | €1,072,881 | €1,375,333 | +€302,452 | +28.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €912,000 | €1,212,000 | +€300,000 | +32.9% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €900,000 | €1,200,000 | +€300,000 | +33.3% |
| Profit (loss) carried forward | 14 | €40,881 | €43,333 | +€2,452 | +6.0% |
| Amounts payable | 17/49 | €1,259,115 | €3,211,183 | +€2.0m | +155.0% |
| Amounts payable after more than one year | 17 | €108,546 | €1,922,858 | +€1.8m | +1671.5% |
| Financial debts | 170/4 | €90,259 | €1,904,571 | +€1.8m | +2010.1% |
| Other amounts payable | 178/9 | €18,287 | €18,287 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,139,054 | €1,237,046 | +€97,992 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €29,672 | €165,219 | +€135,547 | +456.8% |
| Financial debts | 43 | €280,000 | €250,000 | -€30,000 | -10.7% |
| Credit institutions | 430/8 | €280,000 | €250,000 | -€30,000 | -10.7% |
| Trade debts | 44 | €599,650 | €665,822 | +€66,172 | +11.0% |
| Suppliers | 440/4 | €599,650 | €665,822 | +€66,172 | +11.0% |
| Taxes, remuneration and social security | 45 | €229,732 | €156,005 | -€73,727 | -32.1% |
| Taxes | 450/3 | €87,832 | €24,109 | -€63,723 | -72.6% |
| Remuneration and social security | 454/9 | €141,900 | €131,896 | -€10,004 | -7.1% |
| Accrued charges and deferred income | 492/3 | €11,516 | €51,279 | +€39,764 | +345.3% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €1,100,857 | €1,224,033 | +€123,176 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,425 | €128,122 | +€85,697 | +202.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,343 | €10,000 | -€22,343 | -69.1% |
| Other operating charges | 640/8 | €9,737 | €9,932 | +€195 | +2.0% |
| Gross operating margin | 9900 | €1,450,738 | €1,756,799 | +€306,061 | +21.1% |
| Operating profit (loss) | 9901 | €265,375 | €384,712 | +€119,337 | +45.0% |
| Financial income | 75/76B | €35,994 | €42,005 | +€6,011 | +16.7% |
| Recurring financial income | 75 | €35,994 | €42,005 | +€6,011 | +16.7% |
| Financial charges | 65/66B | €58,002 | €92,545 | +€34,544 | +59.6% |
| Recurring financial charges | 65 | €58,002 | €92,545 | +€34,544 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €243,368 | €334,172 | +€90,804 | +37.3% |
| Income taxes | 67/77 | €53,830 | €31,720 | -€22,110 | -41.1% |
| Profit (loss) for the period | 9904 | €189,538 | €302,452 | +€112,914 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €189,538 | €302,452 | +€112,914 | +59.6% |
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 9 October 2026 via checked.be.