Albatross: 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.
Albatross
Largest movements
- Current investments +€90,000
new in 2025: €90,000
- Tangible fixed assets -€55,553
down €55,553 (-11.6%), from €477,341 to €421,788
of which Land and buildings: -€47,292
- Cash +€10,044
up €10,044 (+17.5%), from €57,462 to €67,506
mainly Net result for the year (+€93,453) and Investment in fixed assets (net) (+€32,700)
- Reserves +€93,453
up €93,453 (+168%), from €55,589 to €149,043
- Debts after one year -€31,843
down €31,843 (-9.7%), from €327,531 to €295,688
- Other debts -€17,394
down €17,394 (-15.4%), from €113,128 to €95,734
- Gross operating margin +€115,979
up €115,979 (+155%), from €74,945 to €190,924
- Other operating charges +€41,411
up €41,411 (+1,502%), from €2,757 to €44,168
- Taxes +€17,117
up €17,117 (+188%), from €9,098 to €26,215
- Depreciation -€8,104
down €8,104 (-26.2%), from €30,958 to €22,854
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 | €555,279 | €604,496 | +€49,217 | +8.9% |
| Fixed assets | 21/28 | €477,341 | €421,788 | -€55,553 | -11.6% |
| Tangible fixed assets | 22/27 | €477,341 | €421,788 | -€55,553 | -11.6% |
| Land and buildings | 22 | €434,392 | €387,100 | -€47,292 | -10.9% |
| Furniture and vehicles | 24 | €42,949 | €34,688 | -€8,261 | -19.2% |
| Current assets | 29/58 | €77,938 | €182,708 | +€104,770 | +134% |
| Amounts receivable within one year | 40/41 | €19,415 | €22,347 | +€2,932 | +15.1% |
| Trade receivables | 40 | €18,513 | €18,455 | -€58 | -0.3% |
| Other amounts receivable | 41 | €902 | €3,892 | +€2,990 | +332% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €57,462 | €67,506 | +€10,044 | +17.5% |
| Deferred charges and accrued income | 490/1 | €1,061 | €2,856 | +€1,795 | +169% |
| Total equity and liabilities | 10/49 | €555,279 | €604,496 | +€49,217 | +8.9% |
| Equity | 10/15 | €74,139 | €167,593 | +€93,453 | +126% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €55,589 | €149,043 | +€93,453 | +168% |
| Distributable reserves | 133 | €55,589 | €149,043 | +€93,453 | +168% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €481,139 | €436,903 | -€44,236 | -9.2% |
| Amounts payable after more than one year | 17 | €327,531 | €295,688 | -€31,843 | -9.7% |
| Financial debts | 170/4 | €327,531 | €295,688 | -€31,843 | -9.7% |
| Amounts payable within one year | 42/48 | €153,608 | €141,216 | -€12,393 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €31,749 | €31,843 | +€94 | +0.3% |
| Trade debts | 44 | €0 | €4,519 | +€4,519 | |
| Suppliers | 440/4 | €0 | €4,519 | +€4,519 | |
| Taxes, remuneration and social security | 45 | €8,731 | €9,119 | +€388 | +4.4% |
| Taxes | 450/3 | €8,731 | €9,119 | +€388 | +4.4% |
| Other amounts payable | 47/48 | €113,128 | €95,734 | -€17,394 | -15.4% |
| Non-recurring operating income | 76A | €0 | €133,682 | +€133,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,958 | €22,854 | -€8,104 | -26.2% |
| Other operating charges | 640/8 | €2,757 | €44,168 | +€41,411 | +1,502% |
| Gross operating margin | 9900 | €74,945 | €190,924 | +€115,979 | +155% |
| Operating profit (loss) | 9901 | €41,230 | €123,902 | +€82,673 | +201% |
| Financial income | 75/76B | €0 | €692 | +€692 | |
| Recurring financial income | 75 | €0 | €692 | +€692 | |
| Financial charges | 65/66B | €3,681 | €4,926 | +€1,245 | +33.8% |
| Recurring financial charges | 65 | €3,681 | €4,926 | +€1,245 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €37,549 | €119,669 | +€82,120 | +219% |
| Income taxes | 67/77 | €9,098 | €26,215 | +€17,117 | +188% |
| Profit (loss) for the period | 9904 | €28,451 | €93,453 | +€65,003 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €28,451 | €93,453 | +€65,003 | +228% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.