Albert: 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.
Albert
Largest movements
- Tangible fixed assets -€22,593
down €22,593 (-35.2%), from €64,101 to €41,508
of which Furniture and vehicles: -€14,371
- Receivables within one year -€15,705
down €15,705 (-89.5%), from €17,553 to €1,848
of which Trade receivables: -€14,321
- Intangible fixed assets -€5,540
down €5,540 (-46.8%), from €11,845 to €6,305
- Current investments +€4,951
up €4,951 (+4856.4%), from €102 to €5,053
- Reserves -€61,420
down €61,420 (-52.0%), from €118,129 to €56,709
of which Distributable reserves: -€61,420
- Accrued charges and deferred income +€48,418
up €48,418 (+225.5%), from €21,473 to €69,891
- Other debts -€19,087
down €19,087 (-15.4%), from €124,175 to €105,088
- Trade debts -€14,220
down €14,220 (-31.7%), from €44,886 to €30,666
- Tax, wage and social debts +€9,222
up €9,222 (+38.9%), from €23,728 to €32,950
of which Remuneration and social security: +€5,823
- Gross operating margin +€37,208
up €37,208 (+33.2%), from €111,976 to €149,184
- Write-downs +€16,076
up €16,076 (+1313.8%), from €1,224 to €17,299
- Staff costs -€8,926
down €8,926 (-7.4%), from €120,445 to €111,519
- Financial income +€8,924
up €8,924 (+4564.1%), from €196 to €9,119
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 | €342,875 | €299,292 | -€43,583 | -12.7% |
| Fixed assets | 21/28 | €76,351 | €48,218 | -€28,133 | -36.8% |
| Intangible fixed assets | 21 | €11,845 | €6,305 | -€5,540 | -46.8% |
| Tangible fixed assets | 22/27 | €64,101 | €41,508 | -€22,593 | -35.2% |
| Plant, machinery and equipment | 23 | €1,245 | €1,019 | -€226 | -18.2% |
| Furniture and vehicles | 24 | €40,717 | €26,346 | -€14,371 | -35.3% |
| Other tangible fixed assets | 26 | €22,139 | €14,143 | -€7,996 | -36.1% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €266,524 | €251,074 | -€15,450 | -5.8% |
| Stocks and contracts in progress | 3 | €242,005 | €239,703 | -€2,302 | -1.0% |
| Stocks | 30/36 | €242,005 | €239,703 | -€2,302 | -1.0% |
| Amounts receivable within one year | 40/41 | €17,553 | €1,848 | -€15,705 | -89.5% |
| Trade receivables | 40 | €15,553 | €1,232 | -€14,321 | -92.1% |
| Other amounts receivable | 41 | €1,999 | €616 | -€1,384 | -69.2% |
| Current investments | 50/53 | €102 | €5,053 | +€4,951 | +4856.4% |
| Cash at bank and in hand | 54/58 | €6,864 | €4,470 | -€2,394 | -34.9% |
| Total equity and liabilities | 10/49 | €342,875 | €299,292 | -€43,583 | -12.7% |
| Equity | 10/15 | €58,266 | -€10,265 | -€68,531 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €118,129 | €56,709 | -€61,420 | -52.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €118,129 | €56,709 | -€61,420 | -52.0% |
| Profit (loss) carried forward | 14 | -€84,863 | -€91,974 | -€7,111 | -8.4% |
| Amounts payable | 17/49 | €284,609 | €309,557 | +€24,948 | +8.8% |
| Amounts payable within one year | 42/48 | €263,136 | €239,666 | -€23,470 | -8.9% |
| Financial debts | 43 | €70,347 | €70,963 | +€615 | +0.9% |
| Credit institutions | 430/8 | €70,347 | €70,963 | +€615 | +0.9% |
| Trade debts | 44 | €44,886 | €30,666 | -€14,220 | -31.7% |
| Suppliers | 440/4 | €44,886 | €30,666 | -€14,220 | -31.7% |
| Taxes, remuneration and social security | 45 | €23,728 | €32,950 | +€9,222 | +38.9% |
| Taxes | 450/3 | €13,809 | €17,208 | +€3,399 | +24.6% |
| Remuneration and social security | 454/9 | €9,919 | €15,742 | +€5,823 | +58.7% |
| Other amounts payable | 47/48 | €124,175 | €105,088 | -€19,087 | -15.4% |
| Accrued charges and deferred income | 492/3 | €21,473 | €69,891 | +€48,418 | +225.5% |
| Non-recurring operating income | 76A | €4,000 | €2,000 | -€2,000 | -50.0% |
| Remuneration, social security and pensions | 62 | €120,445 | €111,519 | -€8,926 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,252 | €27,669 | -€582 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,224 | €17,299 | +€16,076 | +1313.8% |
| Other operating charges | 640/8 | €924 | €2,019 | +€1,095 | +118.5% |
| Gross operating margin | 9900 | €111,976 | €149,184 | +€37,208 | +33.2% |
| Operating profit (loss) | 9901 | -€38,868 | -€9,322 | +€29,546 | +76.0% |
| Financial income | 75/76B | €196 | €9,119 | +€8,924 | +4564.1% |
| Recurring financial income | 75 | €196 | €9,119 | +€8,924 | +4564.1% |
| Financial charges | 65/66B | €6,858 | €6,558 | -€300 | -4.4% |
| Recurring financial charges | 65 | €6,858 | €6,558 | -€300 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,531 | -€6,761 | +€38,770 | +85.2% |
| Income taxes | 67/77 | €419 | €351 | -€69 | -16.4% |
| Profit (loss) for the period | 9904 | -€45,950 | -€7,111 | +€38,839 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,950 | -€7,111 | +€38,839 | +84.5% |
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 6 October 2026 via checked.be.