ALBUD: what changed
ALBUD
Largest movements
- Cash +€29,161
up €29,161 (+123%), from €23,659 to €52,820
- Receivables within one year -€19,461
down €19,461 (-69.6%), from €27,954 to €8,493
of which Trade receivables: -€18,760
- Tangible fixed assets -€6,904
down €6,904 (-19.3%), from €35,851 to €28,947
of which Leasing and similar rights: -€35,851
- Financial fixed assets -€1,830
no longer reported in 2025 (was €1,830)
- Tax, wage and social debts +€113,380
up €113,380 (+852%), from €13,306 to €126,686
of which Remuneration and social security: +€126,686
- Profit (loss) carried forward -€102,000
down €102,000 (-70.9%), from -€143,881 to -€245,881
- Trade debts -€70,029
no longer reported in 2025 (was €70,029)
- Debts after one year +€42,000
up €42,000 (+185%), from €22,730 to €64,730
- Other debts +€17,099
up €17,099 (+14.3%), from €119,655 to €136,754
- Staff costs +€48,902
up €48,902 (+5.2%), from €943,622 to €992,524
- Gross operating margin -€33,810
down €33,810 (-3.6%), from €935,525 to €901,715
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,810 | €90,260 | +€450 | +0.5% |
| Fixed assets | 21/28 | €37,681 | €28,947 | -€8,734 | -23.2% |
| Tangible fixed assets | 22/27 | €35,851 | €28,947 | -€6,904 | -19.3% |
| Plant, machinery and equipment | 23 | - | €5,453 | +€5,453 | |
| Furniture and vehicles | 24 | - | €23,494 | +€23,494 | |
| Leasing and similar rights | 25 | €35,851 | - | -€35,851 | |
| Financial fixed assets | 28 | €1,830 | - | -€1,830 | |
| Current assets | 29/58 | €52,129 | €61,313 | +€9,184 | +17.6% |
| Amounts receivable within one year | 40/41 | €27,954 | €8,493 | -€19,461 | -69.6% |
| Trade receivables | 40 | €25,421 | €6,661 | -€18,760 | -73.8% |
| Other amounts receivable | 41 | €2,533 | €1,832 | -€701 | -27.7% |
| Cash at bank and in hand | 54/58 | €23,659 | €52,820 | +€29,161 | +123% |
| Deferred charges and accrued income | 490/1 | €516 | - | -€516 | |
| Total equity and liabilities | 10/49 | €89,810 | €90,260 | +€450 | +0.5% |
| Equity | 10/15 | -€135,910 | -€237,910 | -€102,000 | -75.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,721 | €1,721 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,721 | €86 | -€1,635 | -95.0% |
| Reserves not available under the articles | 1311 | €1,721 | €86 | -€1,635 | -95.0% |
| Distributable reserves | 133 | - | €1,635 | +€1,635 | |
| Profit (loss) carried forward | 14 | -€143,881 | -€245,881 | -€102,000 | -70.9% |
| Amounts payable | 17/49 | €225,720 | €328,170 | +€102,450 | +45.4% |
| Amounts payable after more than one year | 17 | €22,730 | €64,730 | +€42,000 | +185% |
| Financial debts | 170/4 | €22,730 | €64,730 | +€42,000 | +185% |
| Amounts payable within one year | 42/48 | €202,990 | €263,440 | +€60,450 | +29.8% |
| Trade debts | 44 | €70,029 | - | -€70,029 | |
| Suppliers | 440/4 | €70,029 | - | -€70,029 | |
| Taxes, remuneration and social security | 45 | €13,306 | €126,686 | +€113,380 | +852% |
| Taxes | 450/3 | €13,306 | - | -€13,306 | |
| Remuneration and social security | 454/9 | - | €126,686 | +€126,686 | |
| Other amounts payable | 47/48 | €119,655 | €136,754 | +€17,099 | +14.3% |
| Remuneration, social security and pensions | 62 | €943,622 | €992,524 | +€48,902 | +5.2% |
| Other operating charges | 640/8 | €1,444 | €1,770 | +€326 | +22.6% |
| Gross operating margin | 9900 | €935,525 | €901,715 | -€33,810 | -3.6% |
| Operating profit (loss) | 9901 | -€9,541 | -€92,579 | -€83,038 | -870% |
| Financial charges | 65/66B | €31 | €2,190 | +€2,159 | +6,965% |
| Recurring financial charges | 65 | €31 | €2,190 | +€2,159 | +6,965% |
| Profit (loss) for the period before taxes | 9903 | -€9,572 | -€94,769 | -€85,197 | -890% |
| Income taxes | 67/77 | €3,922 | €7,576 | +€3,654 | +93.2% |
| Profit (loss) for the period | 9904 | -€13,494 | -€102,345 | -€88,851 | -658% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,494 | -€102,345 | -€88,851 | -658% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.