ALBATROS DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Stocks and contracts +€3.9m
up €3.9m (+10.2%), from €38.5m to €42.4m
of which Stocks: +€3.9m
- Other debts +€3.6m
up €3.6m (+81.1%), from €4.5m to €8.1m
- Gross operating margin +€20,831
up €20,831 (+78.7%), from -€26,482 to -€5,650
- Financial charges -€12,532
down €12,532 (-87.3%), from €14,359 to €1,827
- Other operating charges -€7,339
down €7,339 (-68.7%), from €10,685 to €3,346
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 | €38,810,367 | €42,767,843 | +€4.0m | +10.2% |
| Current assets | 29/58 | €38,810,367 | €42,767,843 | +€4.0m | +10.2% |
| Stocks and contracts in progress | 3 | €38,517,690 | €42,447,780 | +€3.9m | +10.2% |
| Stocks | 30/36 | €38,517,690 | €42,447,780 | +€3.9m | +10.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €286,397 | €277,400 | -€8,997 | -3.1% |
| Trade receivables | 40 | - | €1,600 | +€1,600 | |
| Other amounts receivable | 41 | €286,397 | €275,800 | -€10,597 | -3.7% |
| Cash at bank and in hand | 54/58 | €6,279 | €42,662 | +€36,382 | +579.4% |
| Total equity and liabilities | 10/49 | €38,810,367 | €42,767,843 | +€4.0m | +10.2% |
| Equity | 10/15 | €2,286,591 | €2,275,768 | -€10,823 | -0.5% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,713,409 | -€1,724,232 | -€10,823 | -0.6% |
| Amounts payable | 17/49 | €36,523,776 | €40,492,075 | +€4.0m | +10.9% |
| Amounts payable after more than one year | 17 | €30,500,000 | €30,500,000 | = | 0.0% |
| Financial debts | 170/4 | €30,500,000 | €30,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,654,735 | €9,617,294 | +€4.0m | +70.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,172,480 | €1,502,038 | +€329,559 | +28.1% |
| Suppliers | 440/4 | €1,172,480 | €1,502,038 | +€329,559 | +28.1% |
| Other amounts payable | 47/48 | €4,482,255 | €8,115,255 | +€3.6m | +81.1% |
| Accrued charges and deferred income | 492/3 | €369,041 | €374,781 | +€5,740 | +1.6% |
| Other operating charges | 640/8 | €10,685 | €3,346 | -€7,339 | -68.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€26,482 | -€5,650 | +€20,831 | +78.7% |
| Operating profit (loss) | 9901 | -€37,166 | -€8,996 | +€28,170 | +75.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €14,359 | €1,827 | -€12,532 | -87.3% |
| Recurring financial charges | 65 | €14,359 | €1,827 | -€12,532 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | -€51,526 | -€10,823 | +€40,703 | +79.0% |
| Profit (loss) for the period | 9904 | -€51,526 | -€10,823 | +€40,703 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,526 | -€10,823 | +€40,703 | +79.0% |
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 9 October 2026 via checked.be.