ALBRO: what changed
What changed
ALBRO
NACE 82.920, Office administrative, office support and other business support activities
filed annual accounts (NBB)
Net result for the year
-€515,193
2023 · -€267,816-€247,377
Equity
-€192,363
2023 · €322,830-€515,193
Cash
€1,458
2023 · €17,317-€15,859
Balance sheet total
€8.2m
2023 · €7.9m+€287,661
Largest movements
Assets
- Receivables within one year +€819,691
up €819,691 (+140%), from €583,776 to €1.4m
of which Trade receivables: +€817,472
- Tangible fixed assets -€398,153
down €398,153 (-5.6%), from €7.1m to €6.7m
of which Land and buildings: -€221,644
- Stocks and contracts -€110,025
down €110,025 (-54.1%), from €203,455 to €93,430
Equity and liabilities
- Profit (loss) carried forward -€515,193
down €515,193, from €249,687 to -€265,506
- Debts after one year +€386,218
up €386,218 (+7.3%), from €5.3m to €5.7m
of which Other amounts payable: +€740,671
- Tax, wage and social debts +€192,830
up €192,830 (+205%), from €94,000 to €286,829
of which Taxes: +€130,245
- Short-term financial debts +€164,562
up €164,562 (+20.5%), from €803,829 to €968,391
- Trade debts +€148,586
up €148,586 (+17.0%), from €876,337 to €1.0m
of which Bills of exchange payable: +€185,968
Income statement
- Turnover -€277,431
down €277,431 (-10.2%), from €2.7m to €2.4m
- Financial charges +€198,929
up €198,929 (+128%), from €155,150 to €354,080
- Gross operating margin -€141,185
down €141,185 (-12.0%), from €1.2m to €1.0m
- Staff costs -€111,078
down €111,078 (-16.5%), from €672,685 to €561,608
- Purchases and services -€47,450
down €47,450 (-3.1%), from €1.5m to €1.5m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€267,816
Gross operating margin
-€141,185
Staff costs
+€111,078
Depreciation
-€26,047
Write-downs
+€14,756
Other operating charges
+€9,397
Other operating items
-€6,778
Financial income
+€98
Financial charges
-€198,929
Taxes
-€9,767
Result 2024
-€515,193
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€341,205
Investment
-€220,915
Financing
+€546,261
Cash 2023
€17,317
From operations (derived)
-€341,205
Net result for the year
-€515,193
Depreciation
+€619,068
Stocks and contracts
+€110,025
Receivables within one year
-€819,691
Deferred charges and accrued income
+€7,993
Trade debts
+€148,586
Tax, wage and social debts
+€192,830
Other debts
-€97,292
Accrued charges and deferred income
+€12,470
Investment (derived)
-€220,915
Investment in fixed assets (net)
-€220,915
Financing
+€546,261
Debts after one year
+€386,218
Current portion of long-term debt
-€4,520
Short-term financial debts
+€164,562
Cash 2024
€1,458
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,946,882 | €8,234,543 | +€287,661 | +3.6% |
| Fixed assets | 21/28 | €7,105,824 | €6,707,671 | -€398,153 | -5.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,085,824 | €6,687,671 | -€398,153 | -5.6% |
| Land and buildings | 22 | €5,486,455 | €5,264,811 | -€221,644 | -4.0% |
| Plant, machinery and equipment | 23 | €1,112,436 | €1,045,308 | -€67,129 | -6.0% |
| Furniture and vehicles | 24 | €383,597 | €274,675 | -€108,922 | -28.4% |
| Other tangible fixed assets | 26 | €103,335 | €102,878 | -€458 | -0.4% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €841,058 | €1,526,872 | +€685,814 | +81.5% |
| Stocks and contracts in progress | 3 | €203,455 | €93,430 | -€110,025 | -54.1% |
| Stocks | 30/36 | €203,455 | €93,430 | -€110,025 | -54.1% |
| Amounts receivable within one year | 40/41 | €583,776 | €1,403,467 | +€819,691 | +140% |
| Trade receivables | 40 | €546,836 | €1,364,308 | +€817,472 | +149% |
| Other amounts receivable | 41 | €36,940 | €39,159 | +€2,219 | +6.0% |
| Cash at bank and in hand | 54/58 | €17,317 | €1,458 | -€15,859 | -91.6% |
| Deferred charges and accrued income | 490/1 | €36,510 | €28,517 | -€7,993 | -21.9% |
| Total equity and liabilities | 10/49 | €7,946,882 | €8,234,543 | +€287,661 | +3.6% |
| Equity | 10/15 | €322,830 | -€192,363 | -€515,193 | |
| Contributions | 10/11 | €66,494 | €66,494 | = | 0.0% |
| Capital | 10 | €66,494 | €66,494 | = | 0.0% |
| Issued capital | 100 | €66,494 | €66,494 | = | 0.0% |
| Reserves | 13 | €6,649 | €6,649 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,649 | €6,649 | = | 0.0% |
| Legal reserve | 130 | €6,649 | €6,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,687 | -€265,506 | -€515,193 | |
| Amounts payable | 17/49 | €7,624,052 | €8,426,906 | +€802,854 | +10.5% |
| Amounts payable after more than one year | 17 | €5,314,548 | €5,700,766 | +€386,218 | +7.3% |
| Financial debts | 170/4 | €3,009,176 | €2,663,696 | -€345,480 | -11.5% |
| Advances received on contracts in progress | 176 | €8,974 | - | -€8,974 | |
| Other amounts payable | 178/9 | €2,296,399 | €3,037,070 | +€740,671 | +32.3% |
| Amounts payable within one year | 42/48 | €2,305,309 | €2,709,475 | +€404,166 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €433,351 | €428,831 | -€4,520 | -1.0% |
| Financial debts | 43 | €803,829 | €968,391 | +€164,562 | +20.5% |
| Credit institutions | 430/8 | €803,829 | €968,391 | +€164,562 | +20.5% |
| Trade debts | 44 | €876,337 | €1,024,923 | +€148,586 | +17.0% |
| Suppliers | 440/4 | €876,337 | €838,955 | -€37,382 | -4.3% |
| Bills of exchange payable | 441 | - | €185,968 | +€185,968 | |
| Taxes, remuneration and social security | 45 | €94,000 | €286,829 | +€192,830 | +205% |
| Taxes | 450/3 | €44,605 | €174,850 | +€130,245 | +292% |
| Remuneration and social security | 454/9 | €49,395 | €111,979 | +€62,585 | +127% |
| Other amounts payable | 47/48 | €97,792 | €500 | -€97,292 | -99.5% |
| Accrued charges and deferred income | 492/3 | €4,195 | €16,665 | +€12,470 | +297% |
| Turnover | 70 | €2,712,230 | €2,434,799 | -€277,431 | -10.2% |
| Non-recurring operating income | 76A | €0 | €11,157 | +€11,157 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,536,703 | €1,489,254 | -€47,450 | -3.1% |
| Remuneration, social security and pensions | 62 | €672,685 | €561,608 | -€111,078 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593,022 | €619,068 | +€26,047 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,756 | - | -€14,756 | |
| Other operating charges | 640/8 | €12,159 | €2,762 | -€9,397 | -77.3% |
| Non-recurring operating charges | 66A | €0 | €6,778 | +€6,778 | |
| Gross operating margin | 9900 | €1,175,527 | €1,034,342 | -€141,185 | -12.0% |
| Operating profit (loss) | 9901 | -€117,095 | -€155,874 | -€38,779 | -33.1% |
| Financial income | 75/76B | - | €98 | +€98 | |
| Recurring financial income | 75 | - | €98 | +€98 | |
| Financial charges | 65/66B | €155,150 | €354,080 | +€198,929 | +128% |
| Recurring financial charges | 65 | €155,150 | €354,080 | +€198,929 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€272,246 | -€509,856 | -€237,610 | -87.3% |
| Income taxes | 67/77 | -€4,429 | €5,338 | +€9,767 | |
| Profit (loss) for the period | 9904 | -€267,816 | -€515,193 | -€247,377 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€267,816 | -€515,193 | -€247,377 | -92.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.