ALBAT & PARTNERS: 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.
ALBAT & PARTNERS
Largest movements
- Receivables within one year -€329,071
down €329,071 (-78.6%), from €418,892 to €89,820
of which Trade receivables: -€317,387
- Stocks and contracts +€138,524
up €138,524 (+5.8%), from €2.4m to €2.5m
- Cash +€97,701
up €97,701 (+76.5%), from €127,641 to €225,342
mainly Receivables within one year (+€329,071) and Tax, wage and social debts (+€63,868)
- Other debts -€230,000
down €230,000 (-13.0%), from €1.8m to €1.5m
- Tax, wage and social debts +€63,868
up €63,868 (+67.8%), from €94,263 to €158,132
- Short-term financial debts +€54,139
new in 2025: €54,139
- Gross operating margin +€41,549
up €41,549 (+146.2%), from €28,424 to €69,973
- Financial charges +€37,971
up €37,971 (+411.2%), from €9,234 to €47,205
- Financial income -€12,500
down €12,500 (-30.5%), from €40,998 to €28,497
- Other operating charges -€2,229
down €2,229 (-75.9%), from €2,937 to €708
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 | €2,986,964 | €2,872,859 | -€114,104 | -3.8% |
| Fixed assets | 21/28 | €39,774 | €18,798 | -€20,976 | -52.7% |
| Tangible fixed assets | 22/27 | €39,774 | €18,798 | -€20,976 | -52.7% |
| Furniture and vehicles | 24 | €38,333 | €18,798 | -€19,534 | -51.0% |
| Other tangible fixed assets | 26 | €1,442 | €0 | -€1,442 | -100.0% |
| Current assets | 29/58 | €2,947,189 | €2,854,061 | -€93,128 | -3.2% |
| Stocks and contracts in progress | 3 | €2,397,671 | €2,536,195 | +€138,524 | +5.8% |
| Stocks | 30/36 | €2,397,671 | €2,536,195 | +€138,524 | +5.8% |
| Amounts receivable within one year | 40/41 | €418,892 | €89,820 | -€329,071 | -78.6% |
| Trade receivables | 40 | €405,471 | €88,083 | -€317,387 | -78.3% |
| Other amounts receivable | 41 | €13,421 | €1,737 | -€11,684 | -87.1% |
| Cash at bank and in hand | 54/58 | €127,641 | €225,342 | +€97,701 | +76.5% |
| Deferred charges and accrued income | 490/1 | €2,985 | €2,703 | -€282 | -9.5% |
| Total equity and liabilities | 10/49 | €2,986,964 | €2,872,859 | -€114,104 | -3.8% |
| Equity | 10/15 | €906,751 | €936,111 | +€29,360 | +3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €844,751 | €874,111 | +€29,360 | +3.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €838,551 | €867,911 | +€29,360 | +3.5% |
| Amounts payable | 17/49 | €2,080,213 | €1,936,749 | -€143,464 | -6.9% |
| Amounts payable after more than one year | 17 | €16,480 | €0 | -€16,480 | -100.0% |
| Financial debts | 170/4 | €16,480 | €0 | -€16,480 | -100.0% |
| Amounts payable within one year | 42/48 | €2,063,733 | €1,936,568 | -€127,164 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €15,809 | €16,480 | +€672 | +4.2% |
| Financial debts | 43 | - | €54,139 | +€54,139 | |
| Credit institutions | 430/8 | - | €54,139 | +€54,139 | |
| Trade debts | 44 | €181,738 | €165,895 | -€15,843 | -8.7% |
| Suppliers | 440/4 | €181,738 | €165,895 | -€15,843 | -8.7% |
| Taxes, remuneration and social security | 45 | €94,263 | €158,132 | +€63,868 | +67.8% |
| Taxes | 450/3 | €94,263 | €158,132 | +€63,868 | +67.8% |
| Other amounts payable | 47/48 | €1,771,922 | €1,541,922 | -€230,000 | -13.0% |
| Accrued charges and deferred income | 492/3 | - | €181 | +€181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,012 | €20,976 | -€37 | -0.2% |
| Other operating charges | 640/8 | €2,937 | €708 | -€2,229 | -75.9% |
| Gross operating margin | 9900 | €28,424 | €69,973 | +€41,549 | +146.2% |
| Operating profit (loss) | 9901 | €4,474 | €48,289 | +€43,815 | +979.3% |
| Financial income | 75/76B | €40,998 | €28,497 | -€12,500 | -30.5% |
| Recurring financial income | 75 | €40,998 | €28,497 | -€12,500 | -30.5% |
| Financial charges | 65/66B | €9,234 | €47,205 | +€37,971 | +411.2% |
| Recurring financial charges | 65 | €9,234 | €47,205 | +€37,971 | +411.2% |
| Profit (loss) for the period before taxes | 9903 | €36,238 | €29,581 | -€6,657 | -18.4% |
| Income taxes | 67/77 | €104 | €221 | +€117 | +113.5% |
| Profit (loss) for the period | 9904 | €36,135 | €29,360 | -€6,775 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,135 | €29,360 | -€6,775 | -18.7% |
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 12 October 2026 via checked.be.