Albrathi: 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.
Albrathi
Largest movements
- Cash -€14,209
down €14,209 (-48.1%), from €29,535 to €15,325
mainly Net result for the year (-€19,101) and Current portion of long-term debt (-€850)
- Stocks and contracts -€3,311
down €3,311 (-68.8%), from €4,811 to €1,500
- Receivables within one year -€1,725
down €1,725 (-22.3%), from €7,752 to €6,027
of which Other amounts receivable: -€2,879
- Profit (loss) carried forward -€19,101
down €19,101 (-368.8%), from -€5,179 to -€24,279
- Trade debts +€916
new in 2025: €916
- Current portion of long-term debt -€850
down €850 (-100.0%), from €850 to €0
- Gross operating margin -€14,658
down €14,658 (-450.7%), from -€3,252 to -€17,910
- Depreciation -€369
down €369 (-68.7%), from €537 to €168
- Other operating charges -€263
down €263 (-24.7%), from €1,066 to €803
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 | €42,949 | €23,562 | -€19,387 | -45.1% |
| Fixed assets | 21/28 | €353 | €185 | -€168 | -47.5% |
| Tangible fixed assets | 22/27 | €335 | €167 | -€168 | -50.2% |
| Plant, machinery and equipment | 23 | €335 | €167 | -€168 | -50.2% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €42,596 | €23,377 | -€19,219 | -45.1% |
| Stocks and contracts in progress | 3 | €4,811 | €1,500 | -€3,311 | -68.8% |
| Stocks | 30/36 | €4,811 | €1,500 | -€3,311 | -68.8% |
| Amounts receivable within one year | 40/41 | €7,752 | €6,027 | -€1,725 | -22.3% |
| Trade receivables | 40 | €4,350 | €5,504 | +€1,154 | +26.5% |
| Other amounts receivable | 41 | €3,401 | €522 | -€2,879 | -84.6% |
| Cash at bank and in hand | 54/58 | €29,535 | €15,325 | -€14,209 | -48.1% |
| Deferred charges and accrued income | 490/1 | €498 | €525 | +€27 | +5.4% |
| Total equity and liabilities | 10/49 | €42,949 | €23,562 | -€19,387 | -45.1% |
| Equity | 10/15 | €38,524 | €19,424 | -€19,101 | -49.6% |
| Contributions | 10/11 | €30,990 | €30,990 | = | 0.0% |
| Reserves | 13 | €12,713 | €12,713 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €9,614 | €9,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,179 | -€24,279 | -€19,101 | -368.8% |
| Amounts payable | 17/49 | €4,424 | €4,139 | -€286 | -6.5% |
| Amounts payable within one year | 42/48 | €4,424 | €4,139 | -€286 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €850 | €0 | -€850 | -100.0% |
| Trade debts | 44 | - | €916 | +€916 | |
| Suppliers | 440/4 | - | €916 | +€916 | |
| Taxes, remuneration and social security | 45 | €2,356 | €2,406 | +€50 | +2.1% |
| Taxes | 450/3 | €2,356 | €1,606 | -€750 | -31.8% |
| Remuneration and social security | 454/9 | - | €800 | +€800 | |
| Other amounts payable | 47/48 | €1,218 | €817 | -€402 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €168 | -€369 | -68.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,066 | €803 | -€263 | -24.7% |
| Gross operating margin | 9900 | -€3,252 | -€17,910 | -€14,658 | -450.7% |
| Operating profit (loss) | 9901 | -€4,855 | -€18,881 | -€14,026 | -288.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €159 | €3 | -€156 | -98.3% |
| Recurring financial charges | 65 | €159 | €3 | -€156 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,014 | -€18,884 | -€13,869 | -276.6% |
| Income taxes | 67/77 | €164 | €217 | +€53 | +32.3% |
| Profit (loss) for the period | 9904 | -€5,179 | -€19,101 | -€13,922 | -268.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,179 | -€19,101 | -€13,922 | -268.8% |
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 5 October 2026 via checked.be.