ALBATIM: 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.
ALBATIM
Largest movements
- Tangible fixed assets -€103,276
down €103,276 (-24.1%), from €429,034 to €325,757
- Receivables within one year +€26,695
up €26,695 (+85.2%), from €31,350 to €58,045
of which Trade receivables: +€33,686
- Cash +€7,318
up €7,318 (+3.3%), from €223,750 to €231,068
mainly Depreciation (+€103,276) and Net result for the year (+€25,516)
- Profit (loss) carried forward -€49,484
down €49,484 (-19.8%), from €250,024 to €200,540
- Other debts -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Gross operating margin -€36,845
down €36,845 (-18.1%), from €203,049 to €166,204
- Depreciation -€22,928
down €22,928 (-18.2%), from €126,204 to €103,276
- Taxes +€4,033
up €4,033 (+99.9%), from €4,036 to €8,069
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 | €687,880 | €614,871 | -€73,010 | -10.6% |
| Fixed assets | 21/28 | €429,034 | €325,757 | -€103,276 | -24.1% |
| Tangible fixed assets | 22/27 | €429,034 | €325,757 | -€103,276 | -24.1% |
| Land and buildings | 22 | €429,034 | €325,757 | -€103,276 | -24.1% |
| Current assets | 29/58 | €258,847 | €289,113 | +€30,267 | +11.7% |
| Amounts receivable within one year | 40/41 | €31,350 | €58,045 | +€26,695 | +85.2% |
| Trade receivables | 40 | €19,428 | €53,114 | +€33,686 | +173.4% |
| Other amounts receivable | 41 | €11,922 | €4,931 | -€6,991 | -58.6% |
| Cash at bank and in hand | 54/58 | €223,750 | €231,068 | +€7,318 | +3.3% |
| Deferred charges and accrued income | 490/1 | €3,747 | €0 | -€3,747 | -100.0% |
| Total equity and liabilities | 10/49 | €687,880 | €614,871 | -€73,010 | -10.6% |
| Equity | 10/15 | €581,166 | €530,373 | -€50,793 | -8.7% |
| Contributions | 10/11 | €135,508 | €135,508 | = | 0.0% |
| Reserves | 13 | €194,325 | €194,325 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,266 | €45,266 | = | 0.0% |
| Distributable reserves | 133 | €149,059 | €149,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €250,024 | €200,540 | -€49,484 | -19.8% |
| Investment grants | 15 | €1,309 | €0 | -€1,309 | -100.0% |
| Amounts payable | 17/49 | €106,715 | €84,498 | -€22,217 | -20.8% |
| Amounts payable within one year | 42/48 | €105,747 | €84,498 | -€21,249 | -20.1% |
| Trade debts | 44 | €2,459 | €6,719 | +€4,260 | +173.3% |
| Suppliers | 440/4 | €2,459 | €6,719 | +€4,260 | +173.3% |
| Taxes, remuneration and social security | 45 | €3,288 | €2,779 | -€509 | -15.5% |
| Taxes | 450/3 | €3,288 | €2,779 | -€509 | -15.5% |
| Other amounts payable | 47/48 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Non-recurring operating income | 76A | €16,000 | €0 | -€16,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,204 | €103,276 | -€22,928 | -18.2% |
| Other operating charges | 640/8 | €29,443 | €30,383 | +€940 | +3.2% |
| Gross operating margin | 9900 | €203,049 | €166,204 | -€36,845 | -18.1% |
| Operating profit (loss) | 9901 | €47,401 | €32,544 | -€14,858 | -31.3% |
| Financial income | 75/76B | €1,980 | €1,309 | -€671 | -33.9% |
| Recurring financial income | 75 | €1,980 | €1,309 | -€671 | -33.9% |
| Financial charges | 65/66B | €339 | €268 | -€71 | -20.9% |
| Recurring financial charges | 65 | €339 | €268 | -€71 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €49,043 | €33,585 | -€15,458 | -31.5% |
| Income taxes | 67/77 | €4,036 | €8,069 | +€4,033 | +99.9% |
| Profit (loss) for the period | 9904 | €45,007 | €25,516 | -€19,491 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,007 | €25,516 | -€19,491 | -43.3% |
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 7 October 2026 via checked.be.