REDERIJ 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.
REDERIJ ALBATROS
Largest movements
- Current investments +€50,385
up €50,385 (+4.6%), from €1.1m to €1.1m
- Tangible fixed assets -€33,057
down €33,057 (-4.9%), from €681,179 to €648,122
of which Land and buildings: -€31,676
- Reserves +€26,264
up €26,264 (+1.7%), from €1.6m to €1.6m
of which Distributable reserves: +€47,146
- Financial income +€29,912
up €29,912 (+106.2%), from €28,159 to €58,071
- Taxes +€12,607
up €12,607 (+131.5%), from €9,587 to €22,193
- Gross operating margin +€11,091
up €11,091 (+108.1%), from €10,263 to €21,354
- Depreciation +€227
up €227 (+0.7%), from €32,830 to €33,057
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 | €1,804,797 | €1,834,475 | +€29,678 | +1.6% |
| Fixed assets | 21/28 | €681,179 | €648,122 | -€33,057 | -4.9% |
| Tangible fixed assets | 22/27 | €681,179 | €648,122 | -€33,057 | -4.9% |
| Land and buildings | 22 | €675,338 | €643,662 | -€31,676 | -4.7% |
| Plant, machinery and equipment | 23 | €5,841 | €4,460 | -€1,381 | -23.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €1,123,618 | €1,186,353 | +€62,735 | +5.6% |
| Current investments | 50/53 | €1,084,998 | €1,135,384 | +€50,385 | +4.6% |
| Cash at bank and in hand | 54/58 | €25,226 | €36,822 | +€11,596 | +46.0% |
| Deferred charges and accrued income | 490/1 | €13,393 | €14,147 | +€754 | +5.6% |
| Total equity and liabilities | 10/49 | €1,804,797 | €1,834,475 | +€29,678 | +1.6% |
| Equity | 10/15 | €1,696,947 | €1,723,210 | +€26,264 | +1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,564,833 | €1,591,097 | +€26,264 | +1.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €339,583 | €318,701 | -€20,882 | -6.1% |
| Distributable reserves | 133 | €1,219,050 | €1,266,196 | +€47,146 | +3.9% |
| Profit (loss) carried forward | 14 | €70,114 | €70,114 | = | 0.0% |
| Provisions and deferred taxes | 16 | €100,694 | €93,734 | -€6,961 | -6.9% |
| Deferred taxes | 168 | €100,694 | €93,734 | -€6,961 | -6.9% |
| Amounts payable | 17/49 | €7,156 | €17,531 | +€10,375 | +145.0% |
| Amounts payable within one year | 42/48 | €5,223 | €14,468 | +€9,245 | +177.0% |
| Trade debts | 44 | €126 | €4,599 | +€4,473 | +3550.1% |
| Suppliers | 440/4 | €126 | €4,599 | +€4,473 | +3550.1% |
| Taxes, remuneration and social security | 45 | €2,402 | €7,174 | +€4,772 | +198.6% |
| Taxes | 450/3 | €2,402 | €7,174 | +€4,772 | +198.6% |
| Other amounts payable | 47/48 | €2,695 | €2,695 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,933 | €3,063 | +€1,130 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,830 | €33,057 | +€227 | +0.7% |
| Other operating charges | 640/8 | €4,617 | €4,774 | +€157 | +3.4% |
| Non-recurring operating charges | 66A | €119 | - | -€119 | |
| Gross operating margin | 9900 | €10,263 | €21,354 | +€11,091 | +108.1% |
| Operating profit (loss) | 9901 | -€27,303 | -€16,477 | +€10,825 | +39.6% |
| Financial income | 75/76B | €28,159 | €58,071 | +€29,912 | +106.2% |
| Recurring financial income | 75 | €28,159 | €58,071 | +€29,912 | +106.2% |
| Financial charges | 65/66B | €63 | €98 | +€35 | +54.9% |
| Recurring financial charges | 65 | €63 | €98 | +€35 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | €793 | €41,496 | +€40,703 | +5131.6% |
| Transfer from deferred taxes | 780 | €6,961 | €6,961 | = | 0.0% |
| Income taxes | 67/77 | €9,587 | €22,193 | +€12,607 | +131.5% |
| Profit (loss) for the period | 9904 | -€1,833 | €26,264 | +€28,096 | |
| Transfer from tax-exempt reserves | 789 | €20,882 | €20,882 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,050 | €47,146 | +€28,096 | +147.5% |
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 9 October 2026 via checked.be.