L'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.
L'ALBATROS
Largest movements
- Receivables within one year +€10,983
up €10,983 (+67.5%), from €16,277 to €27,260
of which Other amounts receivable: +€8,851
- Cash -€4,178
down €4,178 (-97.2%), from €4,297 to €119
mainly Receivables within one year (-€10,983) and Investment in fixed assets (net) (-€3,433)
- Tangible fixed assets -€665
down €665 (-11.0%), from €6,023 to €5,358
of which Plant, machinery and equipment: -€798
- Profit (loss) carried forward +€5,079
up €5,079 (+74.5%), from €6,816 to €11,895
- Trade debts +€1,484
up €1,484 (+1,377%), from €108 to €1,591
- Staff costs -€4,464
down €4,464 (-48.7%), from €9,166 to €4,703
- Gross operating margin +€3,620
up €3,620 (+46.1%), from €7,855 to €11,476
- Financial income +€2,390
up €2,390 (+38,494%), from €6 to €2,397
- Other operating charges -€619
no longer reported in 2025 (was €619)
- Depreciation +€222
up €222 (+5.7%), from €3,876 to €4,098
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 | €28,159 | €34,418 | +€6,259 | +22.2% |
| Fixed assets | 21/28 | €7,223 | €6,558 | -€665 | -9.2% |
| Tangible fixed assets | 22/27 | €6,023 | €5,358 | -€665 | -11.0% |
| Plant, machinery and equipment | 23 | €1,619 | €822 | -€798 | -49.3% |
| Furniture and vehicles | 24 | €4,404 | €4,536 | +€132 | +3.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €20,936 | €27,860 | +€6,924 | +33.1% |
| Amounts receivable within one year | 40/41 | €16,277 | €27,260 | +€10,983 | +67.5% |
| Trade receivables | 40 | €868 | €3,000 | +€2,132 | +246% |
| Other amounts receivable | 41 | €15,409 | €24,260 | +€8,851 | +57.4% |
| Cash at bank and in hand | 54/58 | €4,297 | €119 | -€4,178 | -97.2% |
| Deferred charges and accrued income | 490/1 | €362 | €481 | +€119 | +33.0% |
| Total equity and liabilities | 10/49 | €28,159 | €34,418 | +€6,259 | +22.2% |
| Equity | 10/15 | €27,267 | €32,347 | +€5,079 | +18.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,816 | €11,895 | +€5,079 | +74.5% |
| Amounts payable | 17/49 | €892 | €2,072 | +€1,180 | +132% |
| Amounts payable within one year | 42/48 | €892 | €2,072 | +€1,180 | +132% |
| Trade debts | 44 | €108 | €1,591 | +€1,484 | +1,377% |
| Suppliers | 440/4 | €108 | €1,591 | +€1,484 | +1,377% |
| Taxes, remuneration and social security | 45 | €784 | €480 | -€304 | -38.8% |
| Taxes | 450/3 | €73 | €73 | = | 0.0% |
| Remuneration and social security | 454/9 | €711 | €407 | -€304 | -42.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €9,166 | €4,703 | -€4,464 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,876 | €4,098 | +€222 | +5.7% |
| Other operating charges | 640/8 | €619 | - | -€619 | |
| Gross operating margin | 9900 | €7,855 | €11,476 | +€3,620 | +46.1% |
| Operating profit (loss) | 9901 | -€5,806 | €2,675 | +€8,481 | |
| Financial income | 75/76B | €6 | €2,397 | +€2,390 | +38,494% |
| Recurring financial income | 75 | €6 | €2,397 | +€2,390 | +38,494% |
| Financial charges | 65/66B | -€9 | -€8 | +€1 | +10.7% |
| Recurring financial charges | 65 | -€9 | -€8 | +€1 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,791 | €5,079 | +€10,870 | |
| Income taxes | 67/77 | €75 | €0 | -€75 | -100% |
| Profit (loss) for the period | 9904 | -€5,865 | €5,079 | +€10,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,865 | €5,079 | +€10,945 |
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 23 October 2026 via checked.be.