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
- Cash -€68,058
down €68,058 (-23.7%), from €286,829 to €218,771
mainly Debts after one year (-€450,000) and Trade debts (-€32,554)
- Receivables within one year -€66,490
down €66,490 (-34.3%), from €193,600 to €127,110
of which Trade receivables: -€96,800
- Debts after one year -€450,000
down €450,000 (-12.0%), from €3.8m to €3.3m
of which Financial debts: -€450,000
- Reserves +€359,069
up €359,069 (+44.3%), from €810,903 to €1.2m
- Financial income -€450,000
no longer reported in 2025 (was €450,000)
- Gross operating margin -€64,577
down €64,577 (-9.2%), from €700,364 to €635,787
- Financial charges -€62,134
down €62,134 (-28.4%), from €219,034 to €156,900
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 | €6,490,429 | €6,355,881 | -€134,547 | -2.1% |
| Fixed assets | 21/28 | €6,010,000 | €6,010,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,010,000 | €6,010,000 | = | 0.0% |
| Current assets | 29/58 | €480,429 | €345,881 | -€134,547 | -28.0% |
| Amounts receivable within one year | 40/41 | €193,600 | €127,110 | -€66,490 | -34.3% |
| Trade receivables | 40 | €193,600 | €96,800 | -€96,800 | -50.0% |
| Other amounts receivable | 41 | - | €30,310 | +€30,310 | |
| Cash at bank and in hand | 54/58 | €286,829 | €218,771 | -€68,058 | -23.7% |
| Total equity and liabilities | 10/49 | €6,490,429 | €6,355,881 | -€134,547 | -2.1% |
| Equity | 10/15 | €2,160,903 | €2,519,972 | +€359,069 | +16.6% |
| Contributions | 10/11 | €1,350,000 | €1,350,000 | = | 0.0% |
| Reserves | 13 | €810,903 | €1,169,972 | +€359,069 | +44.3% |
| Distributable reserves | 133 | €810,903 | €1,169,972 | +€359,069 | +44.3% |
| Amounts payable | 17/49 | €4,329,526 | €3,835,909 | -€493,617 | -11.4% |
| Amounts payable after more than one year | 17 | €3,750,000 | €3,300,000 | -€450,000 | -12.0% |
| Financial debts | 170/4 | €2,250,000 | €1,800,000 | -€450,000 | -20.0% |
| Other amounts payable | 178/9 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €539,269 | €499,987 | -€39,282 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €450,000 | €450,000 | = | 0.0% |
| Trade debts | 44 | €66,245 | €33,691 | -€32,554 | -49.1% |
| Suppliers | 440/4 | €66,245 | €33,691 | -€32,554 | -49.1% |
| Taxes, remuneration and social security | 45 | €16,269 | €16,296 | +€27 | +0.2% |
| Taxes | 450/3 | €16,269 | €16,296 | +€27 | +0.2% |
| Other amounts payable | 47/48 | €6,755 | - | -€6,755 | |
| Accrued charges and deferred income | 492/3 | €40,256 | €35,922 | -€4,334 | -10.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €700,364 | €635,787 | -€64,577 | -9.2% |
| Operating profit (loss) | 9901 | €700,238 | €635,659 | -€64,579 | -9.2% |
| Financial income | 75/76B | €450,000 | - | -€450,000 | |
| Recurring financial income | 75 | €450,000 | - | -€450,000 | |
| Financial charges | 65/66B | €219,034 | €156,900 | -€62,134 | -28.4% |
| Recurring financial charges | 65 | €219,034 | €156,900 | -€62,134 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €931,204 | €478,759 | -€452,445 | -48.6% |
| Income taxes | 67/77 | €120,301 | €119,690 | -€611 | -0.5% |
| Profit (loss) for the period | 9904 | €810,903 | €359,069 | -€451,834 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €810,903 | €359,069 | -€451,834 | -55.7% |
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 14 October 2026 via checked.be.