Ets ALBERT J-M: 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.
Ets ALBERT J-M
Largest movements
- Cash -€12,215
no longer reported in 2025 (was €12,215)
mainly Other debts (-€31,466) and Current portion of long-term debt (-€15,889)
- Tangible fixed assets -€7,609
down €7,609 (-25.8%), from €29,447 to €21,838
of which Furniture and vehicles: -€7,552
- Receivables within one year -€2,086
down €2,086 (-8.9%), from €23,451 to €21,365
of which Other amounts receivable: -€11,127
- Intangible fixed assets -€2,076
down €2,076 (-11.1%), from €18,680 to €16,605
- Other debts -€31,466
down €31,466 (-89.5%), from €35,154 to €3,688
- Reserves +€22,057
up €22,057 (+263%), from €8,379 to €30,436
- Current portion of long-term debt -€15,889
no longer reported in 2025 (was €15,889)
- Short-term financial debts +€7,084
new in 2025: €7,084
- Trade debts -€5,675
down €5,675 (-25.4%), from €22,366 to €16,691
- Turnover -€240,655
no longer reported in 2025 (was €240,655)
- Purchases and services -€217,052
no longer reported in 2025 (was €217,052)
- Gross operating margin +€17,688
up €17,688 (+70.3%), from €25,163 to €42,851
- Taxes +€3,714
up €3,714 (+125%), from €2,976 to €6,690
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 | €84,849 | €60,899 | -€23,950 | -28.2% |
| Fixed assets | 21/28 | €48,183 | €38,498 | -€9,685 | -20.1% |
| Intangible fixed assets | 21 | €18,680 | €16,605 | -€2,076 | -11.1% |
| Tangible fixed assets | 22/27 | €29,447 | €21,838 | -€7,609 | -25.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,183 | €3,126 | -€57 | -1.8% |
| Furniture and vehicles | 24 | €26,263 | €18,711 | -€7,552 | -28.8% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €36,666 | €22,401 | -€14,265 | -38.9% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,451 | €21,365 | -€2,086 | -8.9% |
| Trade receivables | 40 | €4,514 | €13,555 | +€9,041 | +200% |
| Other amounts receivable | 41 | €18,937 | €7,810 | -€11,127 | -58.8% |
| Cash at bank and in hand | 54/58 | €12,215 | - | -€12,215 | |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €84,849 | €60,899 | -€23,950 | -28.2% |
| Equity | 10/15 | €11,379 | €33,436 | +€22,057 | +194% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,379 | €30,436 | +€22,057 | +263% |
| Distributable reserves | 133 | €8,379 | €30,436 | +€22,057 | +263% |
| Amounts payable | 17/49 | €73,469 | €27,463 | -€46,006 | -62.6% |
| Amounts payable within one year | 42/48 | €73,469 | €27,463 | -€46,006 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €15,889 | - | -€15,889 | |
| Financial debts | 43 | - | €7,084 | +€7,084 | |
| Credit institutions | 430/8 | - | €7,084 | +€7,084 | |
| Trade debts | 44 | €22,366 | €16,691 | -€5,675 | -25.4% |
| Suppliers | 440/4 | €22,366 | €16,691 | -€5,675 | -25.4% |
| Taxes, remuneration and social security | 45 | €59 | - | -€59 | |
| Taxes | 450/3 | €59 | - | -€59 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €35,154 | €3,688 | -€31,466 | -89.5% |
| Turnover | 70 | €240,655 | - | -€240,655 | |
| Goods, raw materials, services and sundry goods | 60/61 | €217,052 | - | -€217,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,695 | €12,390 | +€695 | +5.9% |
| Other operating charges | 640/8 | €1,676 | €1,863 | +€187 | +11.2% |
| Gross operating margin | 9900 | €25,163 | €42,851 | +€17,688 | +70.3% |
| Operating profit (loss) | 9901 | €11,793 | €28,598 | +€16,805 | +143% |
| Financial income | 75/76B | €208 | €835 | +€627 | +302% |
| Recurring financial income | 75 | €208 | €835 | +€627 | +302% |
| Financial charges | 65/66B | €645 | €686 | +€41 | +6.4% |
| Recurring financial charges | 65 | €645 | €686 | +€41 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €11,355 | €28,746 | +€17,391 | +153% |
| Income taxes | 67/77 | €2,976 | €6,690 | +€3,714 | +125% |
| Profit (loss) for the period | 9904 | €8,379 | €22,057 | +€13,677 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €8,379 | €22,057 | +€13,677 | +163% |
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 28 October 2026 via checked.be.