IMMO ALBATROS: 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.
IMMO ALBATROS
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year -€156,902
down €156,902 (-38.5%), from €407,115 to €250,213
of which Trade receivables: -€122,813
- Deferred charges and accrued income +€29,306
up €29,306 (+554%), from €5,286 to €34,592
- Other debts +€254,039
up €254,039 (+31,224%), from €814 to €254,853
- Short-term financial debts -€208,825
down €208,825 (-100%), from €208,825 to €0
- Debts after one year -€64,994
down €64,994 (-6.8%), from €952,856 to €887,861
- Tax, wage and social debts +€35,864
up €35,864 (+64.2%), from €55,821 to €91,685
of which Taxes: +€34,559
- Reserves +€32,936
up €32,936 (+7.2%), from €454,487 to €487,423
of which Distributable reserves: +€32,936
- Gross operating margin +€230,851
up €230,851 (+60.8%), from €379,889 to €610,740
- Depreciation -€77,978
down €77,978 (-59.9%), from €130,274 to €52,296
- Staff costs +€21,458
up €21,458 (+12.4%), from €172,452 to €193,911
- Financial charges +€20,554
up €20,554 (+85.3%), from €24,098 to €44,652
of which Financial charges: +€20,554
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 | €1,805,807 | €1,882,170 | +€76,363 | +4.2% |
| Fixed assets | 21/28 | €1,375,361 | €1,381,282 | +€5,920 | +0.4% |
| Intangible fixed assets | 21 | - | €9,226 | +€9,226 | |
| Tangible fixed assets | 22/27 | €1,375,361 | €1,369,882 | -€5,479 | -0.4% |
| Land and buildings | 22 | €1,173,585 | €1,161,465 | -€12,120 | -1.0% |
| Plant, machinery and equipment | 23 | €1,755 | €3,162 | +€1,408 | +80.2% |
| Furniture and vehicles | 24 | €22,211 | €36,153 | +€13,942 | +62.8% |
| Other tangible fixed assets | 26 | €177,810 | €169,102 | -€8,709 | -4.9% |
| Financial fixed assets | 28 | - | €2,173 | +€2,173 | |
| Current assets | 29/58 | €430,446 | €500,889 | +€70,443 | +16.4% |
| Amounts receivable within one year | 40/41 | €407,115 | €250,213 | -€156,902 | -38.5% |
| Trade receivables | 40 | €200,486 | €77,674 | -€122,813 | -61.3% |
| Other amounts receivable | 41 | €206,628 | €172,539 | -€34,089 | -16.5% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €18,045 | €16,084 | -€1,961 | -10.9% |
| Deferred charges and accrued income | 490/1 | €5,286 | €34,592 | +€29,306 | +554% |
| Total equity and liabilities | 10/49 | €1,805,807 | €1,882,170 | +€76,363 | +4.2% |
| Equity | 10/15 | €498,228 | €531,164 | +€32,936 | +6.6% |
| Contributions | 10/11 | €43,741 | €43,741 | = | 0.0% |
| Reserves | 13 | €454,487 | €487,423 | +€32,936 | +7.2% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €444,487 | €477,423 | +€32,936 | +7.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,307,579 | €1,351,007 | +€43,427 | +3.3% |
| Amounts payable after more than one year | 17 | €952,856 | €887,861 | -€64,994 | -6.8% |
| Financial debts | 170/4 | €952,856 | €887,861 | -€64,994 | -6.8% |
| Amounts payable within one year | 42/48 | €351,961 | €463,145 | +€111,185 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €62,569 | €64,994 | +€2,426 | +3.9% |
| Financial debts | 43 | €208,825 | €0 | -€208,825 | -100% |
| Credit institutions | 430/8 | €208,825 | €0 | -€208,825 | -100% |
| Trade debts | 44 | €23,932 | €51,614 | +€27,682 | +116% |
| Suppliers | 440/4 | €23,932 | €51,614 | +€27,682 | +116% |
| Taxes, remuneration and social security | 45 | €55,821 | €91,685 | +€35,864 | +64.2% |
| Taxes | 450/3 | €32,924 | €67,483 | +€34,559 | +105% |
| Remuneration and social security | 454/9 | €22,897 | €24,201 | +€1,304 | +5.7% |
| Other amounts payable | 47/48 | €814 | €254,853 | +€254,039 | +31,224% |
| Accrued charges and deferred income | 492/3 | €2,763 | €0 | -€2,763 | -100% |
| Non-recurring operating income | 76A | €5,841 | €35,649 | +€29,807 | +510% |
| Remuneration, social security and pensions | 62 | €172,452 | €193,911 | +€21,458 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,274 | €52,296 | -€77,978 | -59.9% |
| Other operating charges | 640/8 | €5,798 | €10,023 | +€4,225 | +72.9% |
| Gross operating margin | 9900 | €379,889 | €610,740 | +€230,851 | +60.8% |
| Operating profit (loss) | 9901 | €71,365 | €354,511 | +€283,146 | +397% |
| Financial income | 75/76B | €2,749 | €635 | -€2,114 | -76.9% |
| Recurring financial income | 75 | €1,745 | €635 | -€1,110 | -63.6% |
| Non-recurring financial income | 76B | €1,005 | €0 | -€1,005 | -100% |
| Financial charges | 65/66B | €24,098 | €44,652 | +€20,554 | +85.3% |
| Recurring financial charges | 65 | €24,098 | €44,652 | +€20,554 | +85.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €50,016 | €310,494 | +€260,478 | +521% |
| Income taxes | 67/77 | €26,956 | €27,558 | +€602 | +2.2% |
| Profit (loss) for the period | 9904 | €23,060 | €282,936 | +€259,875 | +1,127% |
| Profit (loss) for the period to be appropriated | 9905 | €23,060 | €282,936 | +€259,875 | +1,127% |
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 25 October 2026 via checked.be.