A.L.M.: 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.
What changed
A.L.M.
NACE 33.120, Repair and maintenance of machinery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€858,095
2024 · €864,676-€6,581
Equity
€3.2m
2024 · €2.9m+€358,095
Cash
€854,173
2024 · €280,793+€573,381
Balance sheet total
€5.6m
2024 · €4.8m+€775,521
Largest movements
Assets
- Cash +€573,381
up €573,381 (+204%), from €280,793 to €854,173
mainly Depreciation (+€1.6m) and Net result for the year (+€858,095)
- Receivables within one year +€192,998
up €192,998 (+18.4%), from €1.1m to €1.2m
of which Other amounts receivable: +€174,797
Equity and liabilities
- Reserves +€273,650
up €273,650 (+29.4%), from €930,109 to €1.2m
of which Tax-exempt reserves: +€273,650
- Debts after one year +€200,000
up €200,000 (+50.0%), from €400,000 to €600,000
- Other debts +€116,379
up €116,379 (+11.9%), from €975,338 to €1.1m
- Current portion of long-term debt +€100,000
up €100,000 (+100%), from €100,000 to €200,000
- Profit (loss) carried forward +€84,445
up €84,445 (+4.5%), from €1.9m to €1.9m
Income statement
- Gross operating margin +€363,815
up €363,815 (+12.0%), from €3.0m to €3.4m
- Depreciation +€305,372
up €305,372 (+24.5%), from €1.2m to €1.6m
- Staff costs +€52,712
up €52,712 (+10.2%), from €518,782 to €571,494
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.
Result 2024
€864,676
Gross operating margin
+€363,815
Staff costs
-€52,712
Depreciation
-€305,372
Write-downs
-€9,613
Other operating charges
+€5,470
Other operating items
-€47
Financial income
+€9,375
Financial charges
-€16,643
Taxes
-€855
Result 2025
€858,095
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.3m
Investment
-€1.5m
Financing
-€200,000
Cash 2024
€280,793
From operations (derived)
+€2.3m
Net result for the year
+€858,095
Depreciation
+€1.6m
Stocks and contracts
-€20,438
Receivables within one year
-€192,998
Deferred charges and accrued income
-€94
Trade debts
+€46,640
Tax, wage and social debts
-€45,593
Other debts
+€116,379
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€200,000
Debts after one year
+€200,000
Current portion of long-term debt
+€100,000
Contributions, distributions and other
-€500,000
Cash 2025
€854,173
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,840,553 | €5,616,073 | +€775,521 | +16.0% |
| Fixed assets | 21/28 | €3,354,456 | €3,343,066 | -€11,390 | -0.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,354,456 | €3,343,066 | -€11,390 | -0.3% |
| Land and buildings | 22 | €148,010 | €83,409 | -€64,601 | -43.6% |
| Plant, machinery and equipment | 23 | €112,691 | €161,604 | +€48,913 | +43.4% |
| Furniture and vehicles | 24 | €3,093,755 | €3,098,052 | +€4,297 | +0.1% |
| Current assets | 29/58 | €1,486,097 | €2,273,007 | +€786,910 | +53.0% |
| Stocks and contracts in progress | 3 | €151,178 | €171,616 | +€20,438 | +13.5% |
| Stocks | 30/36 | €151,178 | €171,616 | +€20,438 | +13.5% |
| Amounts receivable within one year | 40/41 | €1,050,539 | €1,243,537 | +€192,998 | +18.4% |
| Trade receivables | 40 | €1,046,011 | €1,064,212 | +€18,201 | +1.7% |
| Other amounts receivable | 41 | €4,528 | €179,326 | +€174,797 | +3,860% |
| Cash at bank and in hand | 54/58 | €280,793 | €854,173 | +€573,381 | +204% |
| Deferred charges and accrued income | 490/1 | €3,587 | €3,681 | +€94 | +2.6% |
| Total equity and liabilities | 10/49 | €4,840,553 | €5,616,073 | +€775,521 | +16.0% |
| Equity | 10/15 | €2,856,345 | €3,214,440 | +€358,095 | +12.5% |
| 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 | €930,109 | €1,203,759 | +€273,650 | +29.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €380,509 | €654,159 | +€273,650 | +71.9% |
| Distributable reserves | 133 | €543,400 | €543,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,864,237 | €1,948,682 | +€84,445 | +4.5% |
| Amounts payable | 17/49 | €1,984,207 | €2,401,633 | +€417,425 | +21.0% |
| Amounts payable after more than one year | 17 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Financial debts | 170/4 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Amounts payable within one year | 42/48 | €1,584,207 | €1,801,633 | +€217,425 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €200,000 | +€100,000 | +100% |
| Trade debts | 44 | €363,236 | €409,876 | +€46,640 | +12.8% |
| Suppliers | 440/4 | €363,236 | €409,876 | +€46,640 | +12.8% |
| Taxes, remuneration and social security | 45 | €145,633 | €100,040 | -€45,593 | -31.3% |
| Taxes | 450/3 | €102,136 | €51,160 | -€50,977 | -49.9% |
| Remuneration and social security | 454/9 | €43,497 | €48,880 | +€5,383 | +12.4% |
| Other amounts payable | 47/48 | €975,338 | €1,091,717 | +€116,379 | +11.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €16,922 | +€16,922 | |
| Remuneration, social security and pensions | 62 | €518,782 | €571,494 | +€52,712 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,248,163 | €1,553,535 | +€305,372 | +24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,613 | €0 | +€9,613 | |
| Other operating charges | 640/8 | €84,010 | €78,540 | -€5,470 | -6.5% |
| Non-recurring operating charges | 66A | €1,044 | €1,091 | +€47 | +4.5% |
| Gross operating margin | 9900 | €3,043,098 | €3,406,913 | +€363,815 | +12.0% |
| Operating profit (loss) | 9901 | €1,200,713 | €1,202,254 | +€1,541 | +0.1% |
| Financial income | 75/76B | €5,432 | €14,807 | +€9,375 | +173% |
| Recurring financial income | 75 | €5,432 | €14,807 | +€9,375 | +173% |
| Financial charges | 65/66B | €55,576 | €72,219 | +€16,643 | +29.9% |
| Recurring financial charges | 65 | €55,576 | €72,219 | +€16,643 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €1,150,568 | €1,144,842 | -€5,726 | -0.5% |
| Income taxes | 67/77 | €285,892 | €286,747 | +€855 | +0.3% |
| Profit (loss) for the period | 9904 | €864,676 | €858,095 | -€6,581 | -0.8% |
| Transfer from tax-exempt reserves | 789 | €168,400 | €0 | -€168,400 | -100% |
| Transfer to tax-exempt reserves | 689 | €336,800 | €273,650 | -€63,150 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €696,276 | €584,445 | -€111,831 | -16.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.