ALBATROZ: 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.
ALBATROZ
Largest movements
- Receivables within one year +€48,716
up €48,716 (+96.4%), from €50,511 to €99,227
of which Trade receivables: +€48,696
- Cash -€11,907
down €11,907 (-86.3%), from €13,802 to €1,896
mainly Receivables within one year (-€48,716) and Short-term financial debts (-€8,739)
- Tangible fixed assets -€2,651
down €2,651 (-24.3%), from €10,891 to €8,240
of which Furniture and vehicles: -€2,264
- Reserves +€23,011
up €23,011 (+45.4%), from €50,741 to €73,752
of which Distributable reserves: +€23,011
- Tax, wage and social debts +€16,194
up €16,194 (+156.1%), from €10,376 to €26,571
of which Taxes: +€16,216
- Short-term financial debts -€8,739
down €8,739 (-99.0%), from €8,824 to €85
- Accrued charges and deferred income +€1,680
up €1,680, from €0 to €1,680
- Trade debts +€1,663
up €1,663 (+203.2%), from €819 to €2,482
- Gross operating margin +€21,105
up €21,105 (+89.1%), from €23,696 to €44,801
- Taxes +€8,074
up €8,074 (+117.7%), from €6,860 to €14,933
- Depreciation +€2,570
up €2,570 (+93.0%), from €2,765 to €5,335
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 | €79,222 | €113,194 | +€33,971 | +42.9% |
| Fixed assets | 21/28 | €10,891 | €8,240 | -€2,651 | -24.3% |
| Tangible fixed assets | 22/27 | €10,891 | €8,240 | -€2,651 | -24.3% |
| Plant, machinery and equipment | 23 | €1,121 | €734 | -€387 | -34.5% |
| Furniture and vehicles | 24 | €9,770 | €7,506 | -€2,264 | -23.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €68,331 | €104,953 | +€36,622 | +53.6% |
| Amounts receivable within one year | 40/41 | €50,511 | €99,227 | +€48,716 | +96.4% |
| Trade receivables | 40 | €50,336 | €99,032 | +€48,696 | +96.7% |
| Other amounts receivable | 41 | €175 | €196 | +€20 | +11.6% |
| Cash at bank and in hand | 54/58 | €13,802 | €1,896 | -€11,907 | -86.3% |
| Deferred charges and accrued income | 490/1 | €4,018 | €3,830 | -€187 | -4.7% |
| Total equity and liabilities | 10/49 | €79,222 | €113,194 | +€33,971 | +42.9% |
| Equity | 10/15 | €56,941 | €79,952 | +€23,011 | +40.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,741 | €73,752 | +€23,011 | +45.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,881 | €71,892 | +€23,011 | +47.1% |
| Amounts payable | 17/49 | €22,282 | €33,242 | +€10,960 | +49.2% |
| Amounts payable within one year | 42/48 | €22,282 | €31,562 | +€9,280 | +41.6% |
| Financial debts | 43 | €8,824 | €85 | -€8,739 | -99.0% |
| Credit institutions | 430/8 | €8,824 | €85 | -€8,739 | -99.0% |
| Trade debts | 44 | €819 | €2,482 | +€1,663 | +203.2% |
| Suppliers | 440/4 | €819 | €2,482 | +€1,663 | +203.2% |
| Taxes, remuneration and social security | 45 | €10,376 | €26,571 | +€16,194 | +156.1% |
| Taxes | 450/3 | €10,355 | €26,571 | +€16,216 | +156.6% |
| Remuneration and social security | 454/9 | €22 | €0 | -€22 | -100.0% |
| Other amounts payable | 47/48 | €2,263 | €2,425 | +€162 | +7.1% |
| Accrued charges and deferred income | 492/3 | €0 | €1,680 | +€1,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €5,335 | +€2,570 | +93.0% |
| Other operating charges | 640/8 | €1,282 | €1,317 | +€35 | +2.7% |
| Gross operating margin | 9900 | €23,696 | €44,801 | +€21,105 | +89.1% |
| Operating profit (loss) | 9901 | €19,649 | €38,149 | +€18,500 | +94.2% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €225 | €210 | -€15 | -6.7% |
| Recurring financial charges | 65 | €225 | €210 | -€15 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €19,424 | €37,944 | +€18,520 | +95.3% |
| Income taxes | 67/77 | €6,860 | €14,933 | +€8,074 | +117.7% |
| Profit (loss) for the period | 9904 | €12,565 | €23,011 | +€10,447 | +83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,565 | €23,011 | +€10,447 | +83.1% |
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 7 October 2026 via checked.be.