ALBATROS: 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.
ALBATROS
Largest movements
- Tangible fixed assets +€52,962
up €52,962 (+8.2%), from €646,068 to €699,029
of which Leasing and similar rights: +€145,839
- Current portion of long-term debt +€52,444
up €52,444 (+25.7%), from €203,985 to €256,429
- Debts after one year +€43,466
up €43,466 (+9.4%), from €464,273 to €507,739
- Profit (loss) carried forward -€34,416
down €34,416, from €25,488 to -€8,928
- Tax, wage and social debts -€13,452
down €13,452 (-100%), from €13,452 to €0
- Gross operating margin -€64,644
down €64,644 (-17.5%), from €368,443 to €303,799
- Depreciation +€5,911
up €5,911 (+1.9%), from €303,653 to €309,564
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.
Derived cash bridge
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 | €765,024 | €812,142 | +€47,118 | +6.2% |
| Fixed assets | 21/28 | €646,068 | €699,029 | +€52,962 | +8.2% |
| Tangible fixed assets | 22/27 | €646,068 | €699,029 | +€52,962 | +8.2% |
| Plant, machinery and equipment | 23 | €202,511 | €109,633 | -€92,877 | -45.9% |
| Leasing and similar rights | 25 | €443,557 | €589,396 | +€145,839 | +32.9% |
| Current assets | 29/58 | €118,956 | €113,113 | -€5,844 | -4.9% |
| Amounts receivable within one year | 40/41 | €97,194 | €93,692 | -€3,502 | -3.6% |
| Trade receivables | 40 | €97,194 | €93,096 | -€4,098 | -4.2% |
| Other amounts receivable | 41 | - | €595 | +€595 | |
| Cash at bank and in hand | 54/58 | €17,333 | €19,421 | +€2,088 | +12.0% |
| Deferred charges and accrued income | 490/1 | €4,429 | €0 | -€4,429 | -100% |
| Total equity and liabilities | 10/49 | €765,024 | €812,142 | +€47,118 | +6.2% |
| Equity | 10/15 | €43,488 | €9,072 | -€34,416 | -79.1% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,488 | -€8,928 | -€34,416 | |
| Amounts payable | 17/49 | €721,536 | €803,071 | +€81,534 | +11.3% |
| Amounts payable after more than one year | 17 | €464,273 | €507,739 | +€43,466 | +9.4% |
| Financial debts | 170/4 | €464,273 | €507,739 | +€43,466 | +9.4% |
| Amounts payable within one year | 42/48 | €257,263 | €295,331 | +€38,068 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €203,985 | €256,429 | +€52,444 | +25.7% |
| Trade debts | 44 | €39,825 | €38,902 | -€923 | -2.3% |
| Suppliers | 440/4 | €39,825 | €38,902 | -€923 | -2.3% |
| Taxes, remuneration and social security | 45 | €13,452 | €0 | -€13,452 | -100% |
| Taxes | 450/3 | €13,452 | €0 | -€13,452 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303,653 | €309,564 | +€5,911 | +1.9% |
| Other operating charges | 640/8 | €275 | €760 | +€485 | +176% |
| Gross operating margin | 9900 | €368,443 | €303,799 | -€64,644 | -17.5% |
| Operating profit (loss) | 9901 | €64,516 | -€6,525 | -€71,040 | |
| Financial income | 75/76B | €60 | €0 | -€60 | -100% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -100% |
| Financial charges | 65/66B | €26,984 | €27,892 | +€908 | +3.4% |
| Recurring financial charges | 65 | €26,984 | €27,892 | +€908 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €37,592 | -€34,416 | -€72,008 | |
| Income taxes | 67/77 | €3,087 | €0 | -€3,087 | -100% |
| Profit (loss) for the period | 9904 | €34,505 | -€34,416 | -€68,922 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,505 | -€34,416 | -€68,922 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.