Institut Albatros: what changed
What changed
Institut Albatros
NACE 87.202, Residential care activities
filed annual accounts (NBB)
Net result for the year
-€710,447
2024 · €1.3m-€2.0m
Equity
-€583,980
2024 · €129,902-€713,882
Cash
€1.3m
2024 · €1.2m+€73,096
Balance sheet total
€4.0m
2024 · €6.0m-€2.0m
Largest movements
Assets
- Receivables within one year -€2.0m
down €2.0m (-45.0%), from €4.5m to €2.5m
of which Other amounts receivable: -€1.5m
- Tangible fixed assets -€74,825
down €74,825 (-32.4%), from €230,667 to €155,843
of which Furniture and vehicles: -€44,079
- Cash +€73,096
up €73,096 (+6.0%), from €1.2m to €1.3m
mainly Receivables within one year (+€2.0m) and Provisions (+€159,370)
Equity and liabilities
- Debts within one year -€1.5m
down €1.5m (-28.2%), from €5.3m to €3.8m
- Profit (loss) carried forward -€710,447
down €710,447 (-74.6%), from -€951,880 to -€1.7m
- Provisions +€159,370
up €159,370 (+25.4%), from €626,426 to €785,796
Income statement
- Staff costs +€496,854
up €496,854 (+2.6%), from €19.1m to €19.6m
- Write-downs +€78,340
up €78,340, from €0 to €78,340
- Services and other goods -€53,168
down €53,168 (-0.9%), from €5.8m to €5.7m
- Goods and materials -€27,208
down €27,208 (-1.4%), from €1.9m to €1.9m
of which Purchases: -€47,211
- Depreciation -€24,039
down €24,039 (-21.1%), from €114,102 to €90,063
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.
Result 2024
€1.3m
Turnover
-€17,558
Other operating income
-€8,916
Goods and materials
+€27,208
Services and other goods
+€53,168
Staff costs
-€496,854
Depreciation
+€24,039
Write-downs
-€78,340
Other operating charges
+€5,556
Other operating items
-€1.5m
Financial income
+€4,269
Financial charges
-€4,719
Result 2025
-€710,447
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€91,768
Investment
-€15,238
Financing
-€3,434
Cash 2024
€1.2m
From operations (derived)
+€91,768
Net result for the year
-€710,447
Depreciation
+€90,063
Stocks and contracts
+€14,125
Receivables within one year
+€2.0m
Deferred charges and accrued income
-€1,560
Provisions
+€159,370
Debts within one year
-€1.5m
Accrued charges and deferred income
+€12,925
Investment (derived)
-€15,238
Investment in fixed assets (net)
-€15,238
Financing
-€3,434
Contributions, distributions and other
-€3,434
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,036,903 | €4,007,641 | -€2.0m | -33.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €230,744 | €155,919 | -€74,825 | -32.4% |
| Tangible fixed assets | 22/27 | €230,667 | €155,843 | -€74,825 | -32.4% |
| Land and buildings | 22 | €75,291 | €62,177 | -€13,114 | -17.4% |
| Plant, machinery and equipment | 23 | €76,374 | €58,741 | -€17,632 | -23.1% |
| Furniture and vehicles | 24 | €79,003 | €34,924 | -€44,079 | -55.8% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Other financial fixed assets | 284/8 | €76 | €76 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €5,806,160 | €3,851,722 | -€2.0m | -33.7% |
| Stocks and contracts in progress | 3 | €56,059 | €41,934 | -€14,125 | -25.2% |
| Stocks | 30/36 | €56,059 | €41,934 | -€14,125 | -25.2% |
| Raw materials and consumables | 30/31 | €43,472 | €31,391 | -€12,081 | -27.8% |
| Finished goods | 33 | €12,587 | €10,543 | -€2,044 | -16.2% |
| Amounts receivable within one year | 40/41 | €4,478,959 | €2,463,989 | -€2.0m | -45.0% |
| Trade receivables | 40 | €2,786,543 | €2,304,075 | -€482,469 | -17.3% |
| Other amounts receivable | 41 | €1,692,415 | €159,915 | -€1.5m | -90.6% |
| Cash at bank and in hand | 54/58 | €1,210,631 | €1,283,727 | +€73,096 | +6.0% |
| Deferred charges and accrued income | 490/1 | €60,511 | €62,071 | +€1,560 | +2.6% |
| Total equity and liabilities | 10/49 | €6,036,903 | €4,007,641 | -€2.0m | -33.6% |
| Equity | 10/15 | €129,902 | -€583,980 | -€713,882 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €966,775 | €966,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€951,880 | -€1,662,327 | -€710,447 | -74.6% |
| Investment grants | 15 | €15,006 | €11,572 | -€3,434 | -22.9% |
| Provisions and deferred taxes | 16 | €626,426 | €785,796 | +€159,370 | +25.4% |
| Provisions for liabilities and charges | 160/5 | €626,426 | €785,796 | +€159,370 | +25.4% |
| Other liabilities and charges | 164/5 | €626,426 | €785,796 | +€159,370 | +25.4% |
| Amounts payable | 17/49 | €5,280,575 | €3,805,825 | -€1.5m | -27.9% |
| Amounts payable within one year | 42/48 | €5,267,661 | €3,779,986 | -€1.5m | -28.2% |
| Trade debts | 44 | €482,200 | €437,709 | -€44,491 | -9.2% |
| Suppliers | 440/4 | €482,200 | €437,709 | -€44,491 | -9.2% |
| Taxes, remuneration and social security | 45 | €2,845,847 | €2,691,309 | -€154,538 | -5.4% |
| Taxes | 450/3 | €86,745 | €75,575 | -€11,170 | -12.9% |
| Remuneration and social security | 454/9 | €2,759,102 | €2,615,734 | -€143,368 | -5.2% |
| Accrued charges and deferred income | 492/3 | €12,914 | €25,839 | +€12,925 | +100% |
| Operating income | 70/76A | €28,258,090 | €26,996,400 | -€1.3m | -4.5% |
| Turnover | 70 | €140,675 | €123,117 | -€17,558 | -12.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,488 | -€25 | +€2,463 | +99.0% |
| Membership fees, donations, legacies and grants | 73 | €25,919,371 | €26,181,510 | +€262,139 | +1.0% |
| Other operating income | 74 | €700,502 | €691,586 | -€8,916 | -1.3% |
| Non-recurring operating income | 76A | €1,500,030 | €212 | -€1.5m | -100.0% |
| Operating charges | 60/66A | €27,000,451 | €27,701,513 | +€701,062 | +2.6% |
| Goods for resale, raw materials and consumables | 60 | €1,882,419 | €1,855,212 | -€27,208 | -1.4% |
| Purchases | 600/8 | €1,879,275 | €1,832,063 | -€47,211 | -2.5% |
| Change in stocks: decrease (increase) | 609 | €3,144 | €23,148 | +€20,004 | +636% |
| Services and other goods | 61 | €5,750,721 | €5,697,553 | -€53,168 | -0.9% |
| Remuneration, social security and pensions | 62 | €19,111,406 | €19,608,260 | +€496,854 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,102 | €90,063 | -€24,039 | -21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €78,340 | +€78,340 | |
| Other operating charges | 640/8 | €217,678 | €212,122 | -€5,556 | -2.6% |
| Non-recurring operating charges | 66A | €3,742 | €594 | -€3,148 | -84.1% |
| Operating profit (loss) | 9901 | €1,257,640 | -€705,113 | -€2.0m | |
| Financial income | 75/76B | €1,182 | €5,450 | +€4,269 | +361% |
| Recurring financial income | 75 | €1,182 | €5,450 | +€4,269 | +361% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Other financial income | 752/9 | €1,182 | €5,450 | +€4,269 | +361% |
| Financial charges | 65/66B | €6,066 | €10,784 | +€4,719 | +77.8% |
| Recurring financial charges | 65 | €6,066 | €10,784 | +€4,719 | +77.8% |
| Debt charges | 650 | €1,671 | €2,789 | +€1,118 | +66.9% |
| Other financial charges | 652/9 | €4,395 | €7,995 | +€3,600 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €1,252,755 | -€710,447 | -€2.0m | |
| Profit (loss) for the period | 9904 | €1,252,755 | -€710,447 | -€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,252,755 | -€710,447 | -€2.0m |
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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 4 November 2026 via checked.be.