ALBAYRAK: what changed
ALBAYRAK
Largest movements
- Stocks and contracts -€18,500
no longer reported in 2025 (was €18,500)
- Cash +€13,779
up €13,779 (+2,706%), from €509 to €14,288
mainly Stocks and contracts (+€18,500) and Receivables after one year (+€10,000)
- Receivables after one year -€10,000
down €10,000 (-30.5%), from €32,815 to €22,815
- Receivables within one year +€7,236
up €7,236 (+30.8%), from €23,485 to €30,722
of which Other amounts receivable: +€7,384
- Tangible fixed assets -€4,235
down €4,235 (-47.1%), from €8,991 to €4,756
- Profit (loss) carried forward -€8,447
down €8,447 (-21.5%), from €39,297 to €30,851
- Other debts -€1,201
no longer reported in 2025 (was €1,201)
- Tax, wage and social debts -€1,060
down €1,060 (-14.4%), from €7,379 to €6,319
of which Remuneration and social security: -€640
- Trade debts -€1,013
down €1,013 (-6.3%), from €15,964 to €14,951
- Gross operating margin +€16,479
up €16,479 (+6,370%), from €259 to €16,738
- Taxes +€4,182
new in 2025: €4,182
- Financial charges -€3,016
down €3,016 (-59.9%), from €5,039 to €2,023
- Other operating charges +€640
up €640 (+91.9%), from €696 to €1,336
- Staff costs +€604
up €604 (+36.4%), from €1,657 to €2,260
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,300 | €72,581 | -€11,720 | -13.9% |
| Fixed assets | 21/28 | €8,991 | €4,756 | -€4,235 | -47.1% |
| Tangible fixed assets | 22/27 | €8,991 | €4,756 | -€4,235 | -47.1% |
| Furniture and vehicles | 24 | €8,991 | €4,756 | -€4,235 | -47.1% |
| Current assets | 29/58 | €75,310 | €67,825 | -€7,485 | -9.9% |
| Amounts receivable after more than one year | 29 | €32,815 | €22,815 | -€10,000 | -30.5% |
| Trade receivables | 290 | €32,815 | €22,815 | -€10,000 | -30.5% |
| Stocks and contracts in progress | 3 | €18,500 | - | -€18,500 | |
| Contracts in progress | 37 | €18,500 | - | -€18,500 | |
| Amounts receivable within one year | 40/41 | €23,485 | €30,722 | +€7,236 | +30.8% |
| Trade receivables | 40 | €21,443 | €21,296 | -€147 | -0.7% |
| Other amounts receivable | 41 | €2,042 | €9,426 | +€7,384 | +362% |
| Cash at bank and in hand | 54/58 | €509 | €14,288 | +€13,779 | +2,706% |
| Total equity and liabilities | 10/49 | €84,300 | €72,581 | -€11,720 | -13.9% |
| Equity | 10/15 | €59,757 | €51,311 | -€8,447 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,297 | €30,851 | -€8,447 | -21.5% |
| Amounts payable | 17/49 | €24,543 | €21,270 | -€3,273 | -13.3% |
| Amounts payable within one year | 42/48 | €24,543 | €21,270 | -€3,273 | -13.3% |
| Trade debts | 44 | €15,964 | €14,951 | -€1,013 | -6.3% |
| Suppliers | 440/4 | €15,964 | €14,951 | -€1,013 | -6.3% |
| Taxes, remuneration and social security | 45 | €7,379 | €6,319 | -€1,060 | -14.4% |
| Taxes | 450/3 | €6,274 | €5,855 | -€419 | -6.7% |
| Remuneration and social security | 454/9 | €1,105 | €464 | -€640 | -58.0% |
| Other amounts payable | 47/48 | €1,201 | - | -€1,201 | |
| Non-recurring operating income | 76A | €5,813 | - | -€5,813 | |
| Remuneration, social security and pensions | 62 | €1,657 | €2,260 | +€604 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,714 | €4,235 | +€521 | +14.0% |
| Other operating charges | 640/8 | €696 | €1,336 | +€640 | +91.9% |
| Gross operating margin | 9900 | €259 | €16,738 | +€16,479 | +6,370% |
| Operating profit (loss) | 9901 | -€5,808 | €8,907 | +€14,715 | |
| Financial income | 75/76B | €114 | €616 | +€502 | +439% |
| Recurring financial income | 75 | €114 | €616 | +€502 | +439% |
| Financial charges | 65/66B | €5,039 | €2,023 | -€3,016 | -59.9% |
| Recurring financial charges | 65 | €5,039 | €2,023 | -€3,016 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,733 | €7,500 | +€18,233 | |
| Income taxes | 67/77 | - | €4,182 | +€4,182 | |
| Profit (loss) for the period | 9904 | -€10,733 | €3,318 | +€14,051 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,733 | €3,318 | +€14,051 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.