A.L.M.A.: 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.
A.L.M.A.
Largest movements
- Cash -€18,851
down €18,851 (-51.3%), from €36,763 to €17,913
mainly Net result for the year (-€13,258) and Short-term financial debts (-€6,789)
- Tangible fixed assets -€3,082
down €3,082 (-6.2%), from €49,505 to €46,423
of which Plant, machinery and equipment: -€3,082
- Receivables within one year +€1,686
up €1,686 (+38.3%), from €4,398 to €6,083
of which Other amounts receivable: +€2,070
- Profit (loss) carried forward -€13,258
down €13,258, from €0 to -€13,258
- Short-term financial debts -€6,789
down €6,789 (-100.0%), from €6,789 to €0
- Trade debts +€4,986
up €4,986 (+3279.0%), from €152 to €5,138
- Other debts -€4,424
down €4,424 (-100.0%), from €4,424 to €0
- Gross operating margin -€14,711
down €14,711, from €9,249 to -€5,462
- Depreciation +€1,438
up €1,438 (+87.5%), from €1,644 to €3,082
- Financial charges -€1,139
down €1,139 (-72.1%), from €1,581 to €441
- Taxes -€715
down €715 (-59.1%), from €1,209 to €494
- Other operating charges +€175
up €175 (+4.9%), from €3,603 to €3,778
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 | €91,167 | €71,491 | -€19,676 | -21.6% |
| Fixed assets | 21/28 | €49,505 | €46,423 | -€3,082 | -6.2% |
| Tangible fixed assets | 22/27 | €49,505 | €46,423 | -€3,082 | -6.2% |
| Land and buildings | 22 | €38,498 | €38,498 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,007 | €7,925 | -€3,082 | -28.0% |
| Current assets | 29/58 | €41,662 | €25,069 | -€16,594 | -39.8% |
| Amounts receivable within one year | 40/41 | €4,398 | €6,083 | +€1,686 | +38.3% |
| Trade receivables | 40 | €384 | €0 | -€384 | -100.0% |
| Other amounts receivable | 41 | €4,014 | €6,083 | +€2,070 | +51.6% |
| Cash at bank and in hand | 54/58 | €36,763 | €17,913 | -€18,851 | -51.3% |
| Deferred charges and accrued income | 490/1 | €501 | €1,073 | +€571 | +113.9% |
| Total equity and liabilities | 10/49 | €91,167 | €71,491 | -€19,676 | -21.6% |
| Equity | 10/15 | €79,069 | €65,812 | -€13,258 | -16.8% |
| 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 | €17,069 | €17,069 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,526 | €2,526 | = | 0.0% |
| Legal reserve | 130 | €2,526 | €2,526 | = | 0.0% |
| Distributable reserves | 133 | €14,543 | €14,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€13,258 | -€13,258 | |
| Amounts payable | 17/49 | €12,098 | €5,680 | -€6,418 | -53.1% |
| Amounts payable within one year | 42/48 | €11,365 | €5,633 | -€5,732 | -50.4% |
| Financial debts | 43 | €6,789 | €0 | -€6,789 | -100.0% |
| Credit institutions | 430/8 | €6,789 | €0 | -€6,789 | -100.0% |
| Trade debts | 44 | €152 | €5,138 | +€4,986 | +3279.0% |
| Suppliers | 440/4 | €152 | €5,138 | +€4,986 | +3279.0% |
| Taxes, remuneration and social security | 45 | - | €494 | +€494 | |
| Taxes | 450/3 | - | €494 | +€494 | |
| Other amounts payable | 47/48 | €4,424 | €0 | -€4,424 | -100.0% |
| Accrued charges and deferred income | 492/3 | €733 | €47 | -€686 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,644 | €3,082 | +€1,438 | +87.5% |
| Other operating charges | 640/8 | €3,603 | €3,778 | +€175 | +4.9% |
| Gross operating margin | 9900 | €9,249 | -€5,462 | -€14,711 | |
| Operating profit (loss) | 9901 | €4,002 | -€12,322 | -€16,325 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,581 | €441 | -€1,139 | -72.1% |
| Recurring financial charges | 65 | €1,581 | €441 | -€1,139 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €2,422 | -€12,764 | -€15,186 | |
| Income taxes | 67/77 | €1,209 | €494 | -€715 | -59.1% |
| Profit (loss) for the period | 9904 | €1,213 | -€13,258 | -€14,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,213 | -€13,258 | -€14,471 |
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 10 October 2026 via checked.be.