Albyco Belgium: 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.
Albyco Belgium
Largest movements
- Receivables within one year +€183,583
up €183,583 (+234%), from €78,521 to €262,104
of which Trade receivables: +€176,141
- Cash -€169,358
down €169,358 (-30.4%), from €556,957 to €387,599
mainly Accrued charges and deferred income (-€279,722) and Receivables within one year (-€183,583)
- Stocks and contracts -€158,310
down €158,310 (-25.8%), from €613,948 to €455,638
of which Stocks: -€90,060
- Tangible fixed assets -€60,596
down €60,596 (-19.8%), from €306,468 to €245,871
of which Land and buildings: -€37,681
- Deferred charges and accrued income -€41,408
down €41,408 (-83.8%), from €49,391 to €7,982
- Accrued charges and deferred income -€279,722
no longer reported in 2025 (was €279,722)
- Trade debts +€110,073
up €110,073 (+128%), from €86,265 to €196,337
- Debts after one year -€57,127
down €57,127 (-31.4%), from €181,654 to €124,527
- Reserves -€28,422
down €28,422 (-4.8%), from €593,691 to €565,268
- Gross operating margin +€34,335
up €34,335 (+6.1%), from €566,121 to €600,457
- Staff costs +€16,777
up €16,777 (+4.1%), from €406,026 to €422,803
- Financial charges +€9,681
up €9,681 (+20.0%), from €48,450 to €58,131
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 | €1,618,568 | €1,372,479 | -€246,089 | -15.2% |
| Fixed assets | 21/28 | €319,752 | €259,155 | -€60,596 | -19.0% |
| Tangible fixed assets | 22/27 | €306,468 | €245,871 | -€60,596 | -19.8% |
| Land and buildings | 22 | €241,090 | €203,409 | -€37,681 | -15.6% |
| Plant, machinery and equipment | 23 | €14,391 | €15,343 | +€951 | +6.6% |
| Furniture and vehicles | 24 | €50,986 | €27,120 | -€23,866 | -46.8% |
| Financial fixed assets | 28 | €13,284 | €13,284 | = | 0.0% |
| Current assets | 29/58 | €1,298,816 | €1,113,323 | -€185,493 | -14.3% |
| Stocks and contracts in progress | 3 | €613,948 | €455,638 | -€158,310 | -25.8% |
| Stocks | 30/36 | €545,698 | €455,638 | -€90,060 | -16.5% |
| Contracts in progress | 37 | €68,250 | - | -€68,250 | |
| Amounts receivable within one year | 40/41 | €78,521 | €262,104 | +€183,583 | +234% |
| Trade receivables | 40 | €76,315 | €252,456 | +€176,141 | +231% |
| Other amounts receivable | 41 | €2,206 | €9,648 | +€7,442 | +337% |
| Cash at bank and in hand | 54/58 | €556,957 | €387,599 | -€169,358 | -30.4% |
| Deferred charges and accrued income | 490/1 | €49,391 | €7,982 | -€41,408 | -83.8% |
| Total equity and liabilities | 10/49 | €1,618,568 | €1,372,479 | -€246,089 | -15.2% |
| Equity | 10/15 | €612,291 | €583,868 | -€28,422 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €593,691 | €565,268 | -€28,422 | -4.8% |
| Distributable reserves | 133 | €593,691 | €565,268 | -€28,422 | -4.8% |
| Amounts payable | 17/49 | €1,006,277 | €788,610 | -€217,667 | -21.6% |
| Amounts payable after more than one year | 17 | €181,654 | €124,527 | -€57,127 | -31.4% |
| Financial debts | 170/4 | €181,654 | €124,527 | -€57,127 | -31.4% |
| Amounts payable within one year | 42/48 | €544,901 | €664,083 | +€119,182 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €69,496 | €57,127 | -€12,369 | -17.8% |
| Financial debts | 43 | €324,406 | €321,483 | -€2,923 | -0.9% |
| Credit institutions | 430/8 | €324,406 | €321,483 | -€2,923 | -0.9% |
| Trade debts | 44 | €86,265 | €196,337 | +€110,073 | +128% |
| Suppliers | 440/4 | €86,265 | €196,337 | +€110,073 | +128% |
| Taxes, remuneration and social security | 45 | €64,734 | €80,208 | +€15,474 | +23.9% |
| Taxes | 450/3 | €44,994 | €22,749 | -€22,246 | -49.4% |
| Remuneration and social security | 454/9 | €19,740 | €57,459 | +€37,719 | +191% |
| Other amounts payable | 47/48 | - | €8,927 | +€8,927 | |
| Accrued charges and deferred income | 492/3 | €279,722 | - | -€279,722 | |
| Remuneration, social security and pensions | 62 | €406,026 | €422,803 | +€16,777 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,250 | €67,086 | +€3,836 | +6.1% |
| Other operating charges | 640/8 | €8,892 | €8,939 | +€47 | +0.5% |
| Gross operating margin | 9900 | €566,121 | €600,457 | +€34,335 | +6.1% |
| Operating profit (loss) | 9901 | €87,954 | €101,629 | +€13,676 | +15.5% |
| Financial income | 75/76B | €440 | €6,270 | +€5,830 | +1,325% |
| Recurring financial income | 75 | €440 | €6,270 | +€5,830 | +1,325% |
| Financial charges | 65/66B | €48,450 | €58,131 | +€9,681 | +20.0% |
| Recurring financial charges | 65 | €48,450 | €58,131 | +€9,681 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €39,943 | €49,768 | +€9,825 | +24.6% |
| Income taxes | 67/77 | €15,263 | €15,941 | +€678 | +4.4% |
| Profit (loss) for the period | 9904 | €24,681 | €33,828 | +€9,147 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,681 | €33,828 | +€9,147 | +37.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.