ALBOTEX: what changed
ALBOTEX
Largest movements
- Receivables within one year -€59,024
down €59,024 (-80.3%), from €73,522 to €14,498
of which Trade receivables: -€50,868
- Tangible fixed assets -€42,243
down €42,243 (-42.9%), from €98,558 to €56,316
of which Other tangible fixed assets: -€28,650
- Cash +€19,072
up €19,072 (+25.3%), from €75,489 to €94,561
mainly Receivables within one year (+€59,024) and Depreciation (+€42,243)
- Stocks and contracts -€16,674
down €16,674 (-67.7%), from €24,626 to €7,953
- Reserves -€57,550
down €57,550 (-31.0%), from €185,379 to €127,829
of which Distributable reserves: -€57,550
- Tax, wage and social debts -€18,851
down €18,851 (-69.2%), from €27,241 to €8,391
of which Taxes: -€14,149
- Trade debts -€18,357
down €18,357 (-67.1%), from €27,346 to €8,989
- Current portion of long-term debt -€4,256
no longer reported in 2025 (was €4,256)
- Gross operating margin -€42,515
down €42,515, from €36,001 to -€6,514
- Other operating charges +€6,314
up €6,314 (+170%), from €3,720 to €10,034
- Financial charges -€3,965
down €3,965 (-65.3%), from €6,073 to €2,109
- Write-downs -€3,756
new in 2025: -€3,756
- Depreciation -€1,492
down €1,492 (-3.4%), from €43,734 to €42,243
Change in the result, 2024 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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,871 | €177,107 | -€98,764 | -35.8% |
| Fixed assets | 21/28 | €98,558 | €56,316 | -€42,243 | -42.9% |
| Tangible fixed assets | 22/27 | €98,558 | €56,316 | -€42,243 | -42.9% |
| Plant, machinery and equipment | 23 | €4,453 | €2,467 | -€1,986 | -44.6% |
| Furniture and vehicles | 24 | €23,056 | €11,450 | -€11,607 | -50.3% |
| Other tangible fixed assets | 26 | €71,049 | €42,399 | -€28,650 | -40.3% |
| Current assets | 29/58 | €177,313 | €120,792 | -€56,521 | -31.9% |
| Stocks and contracts in progress | 3 | €24,626 | €7,953 | -€16,674 | -67.7% |
| Stocks | 30/36 | €24,626 | €7,953 | -€16,674 | -67.7% |
| Amounts receivable within one year | 40/41 | €73,522 | €14,498 | -€59,024 | -80.3% |
| Trade receivables | 40 | €65,071 | €14,203 | -€50,868 | -78.2% |
| Other amounts receivable | 41 | €8,451 | €295 | -€8,156 | -96.5% |
| Cash at bank and in hand | 54/58 | €75,489 | €94,561 | +€19,072 | +25.3% |
| Deferred charges and accrued income | 490/1 | €3,675 | €3,780 | +€105 | +2.9% |
| Total equity and liabilities | 10/49 | €275,871 | €177,107 | -€98,764 | -35.8% |
| Equity | 10/15 | €215,479 | €157,929 | -€57,550 | -26.7% |
| Contributions | 10/11 | €30,100 | €30,100 | = | 0.0% |
| Reserves | 13 | €185,379 | €127,829 | -€57,550 | -31.0% |
| Tax-exempt reserves | 132 | €20,805 | €20,805 | = | 0.0% |
| Distributable reserves | 133 | €164,574 | €107,024 | -€57,550 | -35.0% |
| Amounts payable | 17/49 | €60,392 | €19,178 | -€41,214 | -68.2% |
| Amounts payable within one year | 42/48 | €58,894 | €18,378 | -€40,516 | -68.8% |
| Current portion of amounts payable after more than one year | 42 | €4,256 | - | -€4,256 | |
| Trade debts | 44 | €27,346 | €8,989 | -€18,357 | -67.1% |
| Suppliers | 440/4 | €27,346 | €8,989 | -€18,357 | -67.1% |
| Taxes, remuneration and social security | 45 | €27,241 | €8,391 | -€18,851 | -69.2% |
| Taxes | 450/3 | €22,540 | €8,391 | -€14,149 | -62.8% |
| Remuneration and social security | 454/9 | €4,701 | - | -€4,701 | |
| Other amounts payable | 47/48 | €52 | €999 | +€947 | +1,838% |
| Accrued charges and deferred income | 492/3 | €1,498 | €800 | -€698 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,734 | €42,243 | -€1,492 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,756 | -€3,756 | |
| Other operating charges | 640/8 | €3,720 | €10,034 | +€6,314 | +170% |
| Gross operating margin | 9900 | €36,001 | -€6,514 | -€42,515 | |
| Operating profit (loss) | 9901 | -€11,454 | -€55,034 | -€43,580 | -380% |
| Financial income | 75/76B | €1,451 | €119 | -€1,332 | -91.8% |
| Recurring financial income | 75 | €1,451 | €119 | -€1,332 | -91.8% |
| Financial charges | 65/66B | €6,073 | €2,109 | -€3,965 | -65.3% |
| Recurring financial charges | 65 | €6,073 | €2,109 | -€3,965 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,076 | -€57,024 | -€40,948 | -255% |
| Income taxes | 67/77 | €517 | €526 | +€9 | +1.8% |
| Profit (loss) for the period | 9904 | -€16,593 | -€57,550 | -€40,957 | -247% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,593 | -€57,550 | -€40,957 | -247% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.