ALBATROSS ASSOCIATES: 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 ASSOCIATES
Largest movements
- Cash +€14,254
up €14,254 (+25.5%), from €55,925 to €70,179
mainly Net result for the year (+€10,778) and Tax, wage and social debts (+€3,500)
- Profit (loss) carried forward +€10,777
up €10,777 (+13.5%), from €80,045 to €90,822
- Tax, wage and social debts +€3,500
new in 2025: €3,500
- Taxes +€4,575
up €4,575 (+121%), from €3,777 to €8,352
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Gross operating margin -€278
down €278 (-1.4%), from €19,595 to €19,317
- Depreciation -€265
no longer reported in 2025 (was €265)
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 | €104,838 | €119,189 | +€14,351 | +13.7% |
| Fixed assets | 21/28 | €17,467 | €17,467 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,467 | €1,467 | = | 0.0% |
| Furniture and vehicles | 24 | €1,467 | €1,467 | = | 0.0% |
| Financial fixed assets | 28 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €87,371 | €101,722 | +€14,351 | +16.4% |
| Amounts receivable within one year | 40/41 | €31,446 | €31,543 | +€97 | +0.3% |
| Trade receivables | 40 | €1,750 | €1,750 | = | 0.0% |
| Other amounts receivable | 41 | €29,696 | €29,793 | +€97 | +0.3% |
| Cash at bank and in hand | 54/58 | €55,925 | €70,179 | +€14,254 | +25.5% |
| Total equity and liabilities | 10/49 | €104,838 | €119,189 | +€14,351 | +13.7% |
| Equity | 10/15 | €100,445 | €111,222 | +€10,777 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Legal reserve | 130 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,045 | €90,822 | +€10,777 | +13.5% |
| Amounts payable | 17/49 | €4,393 | €7,967 | +€3,574 | +81.4% |
| Amounts payable within one year | 42/48 | €4,393 | €7,967 | +€3,574 | +81.4% |
| Trade debts | 44 | €101 | €174 | +€74 | +73.1% |
| Suppliers | 440/4 | €101 | €174 | +€74 | +73.1% |
| Taxes, remuneration and social security | 45 | - | €3,500 | +€3,500 | |
| Taxes | 450/3 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €4,293 | €4,293 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | - | -€265 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | €485 | - | -€485 | |
| Gross operating margin | 9900 | €19,595 | €19,317 | -€278 | -1.4% |
| Operating profit (loss) | 9901 | €18,457 | €19,317 | +€860 | +4.7% |
| Financial charges | 65/66B | €186 | €187 | +€1 | +0.5% |
| Recurring financial charges | 65 | €186 | €187 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €18,271 | €19,130 | +€859 | +4.7% |
| Income taxes | 67/77 | €3,777 | €8,352 | +€4,575 | +121% |
| Profit (loss) for the period | 9904 | €14,494 | €10,778 | -€3,716 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,494 | €10,778 | -€3,716 | -25.6% |
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 16 October 2026 via checked.be.