ALBATROS COORDINATION: 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.
ALBATROS COORDINATION
Largest movements
- Stocks and contracts +€894,757
up €894,757 (+40.4%), from €2.2m to €3.1m
- Current investments -€800,000
down €800,000 (-100.0%), from €800,000 to €0
- Cash +€736,533
up €736,533 (+102.2%), from €720,411 to €1.5m
mainly Current investments (+€800,000) and Net result for the year (+€487,711)
- Receivables within one year -€266,482
down €266,482 (-46.6%), from €571,343 to €304,861
of which Trade receivables: -€267,096
- Reserves +€487,711
up €487,711 (+12.3%), from €4.0m to €4.4m
of which Distributable reserves: +€487,711
- Tax, wage and social debts +€61,454
up €61,454 (+23.5%), from €261,992 to €323,446
- Gross operating margin +€108,648
up €108,648 (+18.2%), from €595,520 to €704,168
- Taxes +€17,717
up €17,717 (+12.2%), from €145,034 to €162,751
- Financial income -€13,428
down €13,428 (-52.9%), from €25,366 to €11,938
- Other operating charges +€12,483
up €12,483 (+26.7%), from €46,783 to €59,266
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 | €4,380,458 | €4,957,722 | +€577,265 | +13.2% |
| Fixed assets | 21/28 | - | €2,601 | +€2,601 | |
| Financial fixed assets | 28 | - | €2,601 | +€2,601 | |
| Current assets | 29/58 | €4,380,458 | €4,955,121 | +€574,664 | +13.1% |
| Stocks and contracts in progress | 3 | €2,215,658 | €3,110,415 | +€894,757 | +40.4% |
| Stocks | 30/36 | €2,215,658 | €3,110,415 | +€894,757 | +40.4% |
| Amounts receivable within one year | 40/41 | €571,343 | €304,861 | -€266,482 | -46.6% |
| Trade receivables | 40 | €571,343 | €304,248 | -€267,096 | -46.7% |
| Other amounts receivable | 41 | €0 | €613 | +€613 | |
| Current investments | 50/53 | €800,000 | €0 | -€800,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €720,411 | €1,456,944 | +€736,533 | +102.2% |
| Deferred charges and accrued income | 490/1 | €73,046 | €82,902 | +€9,856 | +13.5% |
| Total equity and liabilities | 10/49 | €4,380,458 | €4,957,722 | +€577,265 | +13.2% |
| Equity | 10/15 | €4,024,275 | €4,511,986 | +€487,711 | +12.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €3,961,775 | €4,449,486 | +€487,711 | +12.3% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €3,955,525 | €4,443,236 | +€487,711 | +12.3% |
| Amounts payable | 17/49 | €356,183 | €445,736 | +€89,554 | +25.1% |
| Amounts payable within one year | 42/48 | €356,183 | €445,736 | +€89,554 | +25.1% |
| Trade debts | 44 | €94,191 | €122,291 | +€28,100 | +29.8% |
| Suppliers | 440/4 | €94,191 | €122,291 | +€28,100 | +29.8% |
| Taxes, remuneration and social security | 45 | €261,992 | €323,446 | +€61,454 | +23.5% |
| Taxes | 450/3 | €261,992 | €323,446 | +€61,454 | +23.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €46,783 | €59,266 | +€12,483 | +26.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €595,520 | €704,168 | +€108,648 | +18.2% |
| Operating profit (loss) | 9901 | €548,738 | €644,903 | +€96,165 | +17.5% |
| Financial income | 75/76B | €25,366 | €11,938 | -€13,428 | -52.9% |
| Recurring financial income | 75 | €25,366 | €11,938 | -€13,428 | -52.9% |
| Financial charges | 65/66B | €7,212 | €6,378 | -€833 | -11.6% |
| Recurring financial charges | 65 | €7,212 | €6,378 | -€833 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €566,892 | €650,463 | +€83,571 | +14.7% |
| Income taxes | 67/77 | €145,034 | €162,751 | +€17,717 | +12.2% |
| Profit (loss) for the period | 9904 | €421,858 | €487,711 | +€65,854 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €421,858 | €487,711 | +€65,854 | +15.6% |
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 9 October 2026 via checked.be.