ALBATO: 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.
ALBATO
Largest movements
- Receivables within one year +€137,690
up €137,690 (+134.9%), from €102,061 to €239,752
of which Trade receivables: +€131,741
- Tangible fixed assets -€71,042
down €71,042 (-28.7%), from €247,700 to €176,658
of which Furniture and vehicles: -€65,235
- Debts after one year -€67,217
down €67,217 (-69.9%), from €96,130 to €28,913
- Trade debts +€51,300
up €51,300 (+56.4%), from €90,890 to €142,190
- Advances received +€45,447
new in 2025: €45,447
- Reserves +€22,400
up €22,400 (+20.1%), from €111,352 to €133,752
- Tax, wage and social debts +€15,488
up €15,488 (+70.4%), from €22,000 to €37,488
of which Taxes: +€12,298
- Gross operating margin +€157,692
up €157,692 (+25.4%), from €619,889 to €777,581
- Staff costs +€139,601
up €139,601 (+35.0%), from €399,296 to €538,896
- Financial charges +€17,401
up €17,401 (+12.5%), from €139,036 to €156,437
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 | €431,838 | €493,958 | +€62,120 | +14.4% |
| Fixed assets | 21/28 | €247,700 | €176,658 | -€71,042 | -28.7% |
| Tangible fixed assets | 22/27 | €247,700 | €176,658 | -€71,042 | -28.7% |
| Plant, machinery and equipment | 23 | €103,690 | €94,084 | -€9,606 | -9.3% |
| Furniture and vehicles | 24 | €144,010 | €78,775 | -€65,235 | -45.3% |
| Other tangible fixed assets | 26 | - | €3,799 | +€3,799 | |
| Current assets | 29/58 | €184,138 | €317,300 | +€133,162 | +72.3% |
| Stocks and contracts in progress | 3 | €20,151 | €19,042 | -€1,109 | -5.5% |
| Stocks | 30/36 | €20,151 | €19,042 | -€1,109 | -5.5% |
| Amounts receivable within one year | 40/41 | €102,061 | €239,752 | +€137,690 | +134.9% |
| Trade receivables | 40 | €33,181 | €164,922 | +€131,741 | +397.0% |
| Other amounts receivable | 41 | €68,881 | €74,830 | +€5,949 | +8.6% |
| Cash at bank and in hand | 54/58 | €58,913 | €58,506 | -€407 | -0.7% |
| Deferred charges and accrued income | 490/1 | €3,013 | - | -€3,013 | |
| Total equity and liabilities | 10/49 | €431,838 | €493,958 | +€62,120 | +14.4% |
| Equity | 10/15 | €117,378 | €139,819 | +€22,441 | +19.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Other | 1109/19 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €111,352 | €133,752 | +€22,400 | +20.1% |
| Distributable reserves | 133 | €111,352 | €133,752 | +€22,400 | +20.1% |
| Profit (loss) carried forward | 14 | €26 | €67 | +€41 | +161.8% |
| Amounts payable | 17/49 | €314,460 | €354,139 | +€39,679 | +12.6% |
| Amounts payable after more than one year | 17 | €96,130 | €28,913 | -€67,217 | -69.9% |
| Financial debts | 170/4 | €96,130 | €28,913 | -€67,217 | -69.9% |
| Amounts payable within one year | 42/48 | €218,330 | €325,226 | +€106,896 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €70,227 | €83,745 | +€13,518 | +19.2% |
| Financial debts | 43 | €17,599 | €12,576 | -€5,022 | -28.5% |
| Credit institutions | 430/8 | €17,599 | €12,576 | -€5,022 | -28.5% |
| Trade debts | 44 | €90,890 | €142,190 | +€51,300 | +56.4% |
| Suppliers | 440/4 | €90,890 | €142,190 | +€51,300 | +56.4% |
| Advances received on contracts in progress | 46 | - | €45,447 | +€45,447 | |
| Taxes, remuneration and social security | 45 | €22,000 | €37,488 | +€15,488 | +70.4% |
| Taxes | 450/3 | €391 | €12,689 | +€12,298 | +3143.7% |
| Remuneration and social security | 454/9 | €21,609 | €24,799 | +€3,190 | +14.8% |
| Other amounts payable | 47/48 | €17,615 | €3,780 | -€13,835 | -78.5% |
| Non-recurring operating income | 76A | - | €2,707 | +€2,707 | |
| Remuneration, social security and pensions | 62 | €399,296 | €538,896 | +€139,601 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,603 | €48,475 | -€5,128 | -9.6% |
| Other operating charges | 640/8 | €2,483 | €3,391 | +€907 | +36.5% |
| Gross operating margin | 9900 | €619,889 | €777,581 | +€157,692 | +25.4% |
| Operating profit (loss) | 9901 | €164,507 | €186,818 | +€22,312 | +13.6% |
| Financial charges | 65/66B | €139,036 | €156,437 | +€17,401 | +12.5% |
| Recurring financial charges | 65 | €139,036 | €156,437 | +€17,401 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €25,471 | €30,381 | +€4,911 | +19.3% |
| Income taxes | 67/77 | €8,599 | €7,940 | -€659 | -7.7% |
| Profit (loss) for the period | 9904 | €16,871 | €22,441 | +€5,570 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,871 | €22,441 | +€5,570 | +33.0% |
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.