ALBATER: 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.
What changed
ALBATER
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €466,280+€1.9m
Equity
€11.3m
2024 · €9.0m+€2.3m
Cash
€10,366
2024 · €37,773-€27,408
Balance sheet total
€11.5m
2024 · €9.7m+€1.9m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+203.9%), from €921,452 to €2.8m
of which Other amounts receivable: +€1.9m
Equity and liabilities
- Profit (loss) carried forward +€2.4m
up €2.4m (+35.5%), from €6.7m to €9.0m
- Other debts -€516,443
no longer reported in 2025 (was €516,443)
Income statement
- Financial income +€1.9m
up €1.9m (+439.6%), from €440,647 to €2.4m
- Gross operating margin -€34,417
down €34,417 (-14.7%), from €234,295 to €199,879
- Depreciation +€8,804
up €8,804 (+7.5%), from €117,757 to €126,561
- Other operating charges +€6,460
up €6,460 (+42.5%), from €15,188 to €21,648
- Financial charges +€5,015
up €5,015, from -€3,742 to €1,273
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.
Result 2024
€466,280
Gross operating margin
-€34,417
Staff costs
+€91
Depreciation
-€8,804
Other operating charges
-€6,460
Financial income
+€1.9m
Financial charges
-€5,015
Taxes
+€282
Result 2025
€2.3m
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.
From operations
+€115,454
Investment
-€142,861
Financing
€0
Cash 2024
€37,773
From operations (derived)
+€115,454
Net result for the year
+€2.3m
Depreciation
+€126,561
Receivables within one year
-€1.9m
Smaller working-capital items
-€4,400
Provisions
-€9,057
Trade debts
+€48,420
Other debts
-€516,443
Investment (derived)
-€142,861
Investment in fixed assets (net)
-€142,861
Cash 2025
€10,366
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,670,475 | €11,537,838 | +€1.9m | +19.3% |
| Fixed assets | 21/28 | €8,705,701 | €8,722,001 | +€16,300 | +0.2% |
| Tangible fixed assets | 22/27 | €1,329,136 | €1,335,336 | +€6,199 | +0.5% |
| Land and buildings | 22 | €1,288,367 | €1,299,410 | +€11,043 | +0.9% |
| Plant, machinery and equipment | 23 | €5,236 | €4,149 | -€1,087 | -20.8% |
| Furniture and vehicles | 24 | €35,534 | €31,777 | -€3,757 | -10.6% |
| Financial fixed assets | 28 | €7,376,565 | €7,386,666 | +€10,101 | +0.1% |
| Current assets | 29/58 | €964,774 | €2,815,836 | +€1.9m | +191.9% |
| Amounts receivable within one year | 40/41 | €921,452 | €2,800,284 | +€1.9m | +203.9% |
| Trade receivables | 40 | €103,145 | €68,098 | -€35,047 | -34.0% |
| Other amounts receivable | 41 | €818,308 | €2,732,186 | +€1.9m | +233.9% |
| Cash at bank and in hand | 54/58 | €37,773 | €10,366 | -€27,408 | -72.6% |
| Deferred charges and accrued income | 490/1 | €5,548 | €5,187 | -€362 | -6.5% |
| Total equity and liabilities | 10/49 | €9,670,475 | €11,537,838 | +€1.9m | +19.3% |
| Equity | 10/15 | €8,997,686 | €11,346,891 | +€2.3m | +26.1% |
| Contributions | 10/11 | €1,762,000 | €1,762,000 | = | 0.0% |
| Capital | 10 | €1,762,000 | €1,762,000 | = | 0.0% |
| Issued capital | 100 | €1,762,000 | €1,762,000 | = | 0.0% |
| Reserves | 13 | €561,892 | €544,303 | -€17,589 | -3.1% |
| Non-distributable reserves | 130/1 | €270,964 | €270,964 | = | 0.0% |
| Legal reserve | 130 | €270,964 | €270,964 | = | 0.0% |
| Tax-exempt reserves | 132 | €191,503 | €173,913 | -€17,589 | -9.2% |
| Distributable reserves | 133 | €99,426 | €99,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,673,794 | €9,040,588 | +€2.4m | +35.5% |
| Provisions and deferred taxes | 16 | €56,591 | €47,534 | -€9,057 | -16.0% |
| Deferred taxes | 168 | €56,591 | €47,534 | -€9,057 | -16.0% |
| Amounts payable | 17/49 | €616,198 | €143,413 | -€472,785 | -76.7% |
| Amounts payable within one year | 42/48 | €613,714 | €143,413 | -€470,301 | -76.6% |
| Trade debts | 44 | €73,945 | €122,365 | +€48,420 | +65.5% |
| Suppliers | 440/4 | €73,945 | €122,365 | +€48,420 | +65.5% |
| Taxes, remuneration and social security | 45 | €23,326 | €21,048 | -€2,278 | -9.8% |
| Taxes | 450/3 | €15,103 | €12,696 | -€2,407 | -15.9% |
| Remuneration and social security | 454/9 | €8,222 | €8,351 | +€129 | +1.6% |
| Other amounts payable | 47/48 | €516,443 | - | -€516,443 | |
| Accrued charges and deferred income | 492/3 | €2,484 | €0 | -€2,484 | -100.0% |
| Remuneration, social security and pensions | 62 | €88,234 | €88,144 | -€91 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,757 | €126,561 | +€8,804 | +7.5% |
| Other operating charges | 640/8 | €15,188 | €21,648 | +€6,460 | +42.5% |
| Gross operating margin | 9900 | €234,295 | €199,879 | -€34,417 | -14.7% |
| Operating profit (loss) | 9901 | €13,116 | -€36,474 | -€49,590 | |
| Financial income | 75/76B | €440,647 | €2,377,895 | +€1.9m | +439.6% |
| Recurring financial income | 75 | €440,647 | €2,377,895 | +€1.9m | +439.6% |
| Financial charges | 65/66B | -€3,742 | €1,273 | +€5,015 | |
| Recurring financial charges | 65 | -€3,742 | €1,273 | +€5,015 | |
| Profit (loss) for the period before taxes | 9903 | €457,505 | €2,340,148 | +€1.9m | +411.5% |
| Transfer from deferred taxes | 780 | €9,057 | €9,057 | = | 0.0% |
| Income taxes | 67/77 | €282 | €0 | -€282 | -100.0% |
| Profit (loss) for the period | 9904 | €466,280 | €2,349,205 | +€1.9m | +403.8% |
| Transfer from tax-exempt reserves | 789 | €17,589 | €17,589 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €483,869 | €2,366,794 | +€1.9m | +389.1% |
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 3 October 2026 via checked.be.