Van Albatross: 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.
Van Albatross
Largest movements
- Tangible fixed assets +€149,700
up €149,700 (+85.9%), from €174,212 to €323,911
of which Land and buildings: +€149,700
- Cash -€95,195
down €95,195 (-90.0%), from €105,757 to €10,562
- Stocks and contracts +€86,440
up €86,440 (+508.8%), from €16,989 to €103,430
of which Contracts in progress: +€85,880
- Receivables within one year +€9,603
up €9,603 (+734.0%), from €1,308 to €10,911
of which Other amounts receivable: +€5,974
- Debts after one year +€94,516
up €94,516 (+252.6%), from €37,421 to €131,937
- Reserves +€33,446
up €33,446 (+8.8%), from €380,769 to €414,216
of which Distributable reserves: +€40,946
- Other debts +€10,982
up €10,982 (+79.7%), from €13,772 to €24,754
- Gross operating margin +€119,886
up €119,886, from -€13,050 to €106,836
- Depreciation +€25,636
up €25,636 (+143.2%), from €17,900 to €43,536
- Other operating charges +€10,754
up €10,754 (+115.9%), from €9,276 to €20,031
- Financial charges +€6,861
up €6,861 (+189.7%), from €3,618 to €10,479
- Financial income -€4,646
down €4,646 (-99.9%), from €4,650 to €4
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €565,505 | €711,376 | +€145,871 | +25.8% |
| Fixed assets | 21/28 | €260,362 | €406,474 | +€146,112 | +56.1% |
| Intangible fixed assets | 21 | €6,150 | €2,563 | -€3,588 | -58.3% |
| Tangible fixed assets | 22/27 | €174,212 | €323,911 | +€149,700 | +85.9% |
| Land and buildings | 22 | €173,728 | €323,427 | +€149,700 | +86.2% |
| Furniture and vehicles | 24 | €484 | €484 | = | 0.0% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €305,144 | €304,903 | -€241 | -0.1% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €16,989 | €103,430 | +€86,440 | +508.8% |
| Stocks | 30/36 | €16,989 | €17,549 | +€560 | +3.3% |
| Contracts in progress | 37 | - | €85,880 | +€85,880 | |
| Amounts receivable within one year | 40/41 | €1,308 | €10,911 | +€9,603 | +734.0% |
| Trade receivables | 40 | - | €3,629 | +€3,629 | |
| Other amounts receivable | 41 | €1,308 | €7,282 | +€5,974 | +456.6% |
| Cash at bank and in hand | 54/58 | €105,757 | €10,562 | -€95,195 | -90.0% |
| Deferred charges and accrued income | 490/1 | €1,089 | - | -€1,089 | |
| Total equity and liabilities | 10/49 | €565,505 | €711,376 | +€145,871 | +25.8% |
| Equity | 10/15 | €456,948 | €489,216 | +€32,267 | +7.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €380,769 | €414,216 | +€33,446 | +8.8% |
| Non-distributable reserves | 130/1 | €7,500 | - | -€7,500 | |
| Reserves not available under the articles | 1311 | €7,500 | - | -€7,500 | |
| Distributable reserves | 133 | €373,269 | €414,216 | +€40,946 | +11.0% |
| Profit (loss) carried forward | 14 | €1,179 | - | -€1,179 | |
| Amounts payable | 17/49 | €108,557 | €222,161 | +€113,604 | +104.6% |
| Amounts payable after more than one year | 17 | €37,421 | €131,937 | +€94,516 | +252.6% |
| Financial debts | 170/4 | €37,421 | €131,937 | +€94,516 | +252.6% |
| Amounts payable within one year | 42/48 | €71,136 | €88,789 | +€17,653 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €31,120 | €33,593 | +€2,473 | +7.9% |
| Trade debts | 44 | €24,695 | €30,443 | +€5,747 | +23.3% |
| Suppliers | 440/4 | €24,695 | €30,443 | +€5,747 | +23.3% |
| Taxes, remuneration and social security | 45 | €1,548 | - | -€1,548 | |
| Taxes | 450/3 | €755 | - | -€755 | |
| Remuneration and social security | 454/9 | €793 | - | -€793 | |
| Other amounts payable | 47/48 | €13,772 | €24,754 | +€10,982 | +79.7% |
| Accrued charges and deferred income | 492/3 | €0 | €1,435 | +€1,435 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,900 | €43,536 | +€25,636 | +143.2% |
| Other operating charges | 640/8 | €9,276 | €20,031 | +€10,754 | +115.9% |
| Non-recurring operating charges | 66A | €58 | - | -€58 | |
| Gross operating margin | 9900 | -€13,050 | €106,836 | +€119,886 | |
| Operating profit (loss) | 9901 | -€40,285 | €43,269 | +€83,554 | |
| Financial income | 75/76B | €4,650 | €4 | -€4,646 | -99.9% |
| Recurring financial income | 75 | €4,650 | €4 | -€4,646 | -99.9% |
| Financial charges | 65/66B | €3,618 | €10,479 | +€6,861 | +189.7% |
| Recurring financial charges | 65 | €3,618 | €10,479 | +€6,861 | +189.7% |
| Profit (loss) for the period before taxes | 9903 | -€39,253 | €32,794 | +€72,046 | |
| Income taxes | 67/77 | €180 | €526 | +€347 | +192.8% |
| Profit (loss) for the period | 9904 | -€39,433 | €32,267 | +€71,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,433 | €32,267 | +€71,700 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.