ALEMA: 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.
ALEMA
Largest movements
- Tangible fixed assets -€22,250
down €22,250 (-33.4%), from €66,669 to €44,419
of which Furniture and vehicles: -€20,944
- Cash +€3,519
up €3,519 (+7.3%), from €48,493 to €52,012
mainly Depreciation (+€23,340) and Net result for the year (+€14,495)
- Deferred charges and accrued income -€3,207
down €3,207 (-69.7%), from €4,600 to €1,393
- Debts after one year -€14,801
down €14,801 (-92.3%), from €16,043 to €1,242
- Reserves -€10,337
down €10,337 (-17.5%), from €59,029 to €48,692
- Trade debts +€2,959
up €2,959 (+92.5%), from €3,199 to €6,159
- Other debts +€1,859
new in 2025: €1,859
- Gross operating margin +€9,704
up €9,704 (+11.8%), from €82,154 to €91,858
- Staff costs +€3,216
up €3,216 (+8.5%), from €37,792 to €41,008
- Taxes +€1,593
up €1,593 (+20.8%), from €7,642 to €9,235
- Financial charges -€1,316
down €1,316 (-61.2%), from €2,151 to €835
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 | €128,065 | €107,971 | -€20,094 | -15.7% |
| Fixed assets | 21/28 | €66,669 | €44,419 | -€22,250 | -33.4% |
| Tangible fixed assets | 22/27 | €66,669 | €44,419 | -€22,250 | -33.4% |
| Plant, machinery and equipment | 23 | €1,901 | €1,692 | -€209 | -11.0% |
| Furniture and vehicles | 24 | €62,467 | €41,523 | -€20,944 | -33.5% |
| Other tangible fixed assets | 26 | €2,301 | €1,204 | -€1,097 | -47.7% |
| Current assets | 29/58 | €61,396 | €63,552 | +€2,156 | +3.5% |
| Stocks and contracts in progress | 3 | €2,404 | €3,303 | +€899 | +37.4% |
| Stocks | 30/36 | €2,404 | €3,303 | +€899 | +37.4% |
| Amounts receivable within one year | 40/41 | €5,899 | €6,844 | +€944 | +16.0% |
| Trade receivables | 40 | €2,646 | €1,844 | -€802 | -30.3% |
| Other amounts receivable | 41 | €3,254 | €5,000 | +€1,746 | +53.7% |
| Cash at bank and in hand | 54/58 | €48,493 | €52,012 | +€3,519 | +7.3% |
| Deferred charges and accrued income | 490/1 | €4,600 | €1,393 | -€3,207 | -69.7% |
| Total equity and liabilities | 10/49 | €128,065 | €107,971 | -€20,094 | -15.7% |
| Equity | 10/15 | €77,629 | €67,292 | -€10,337 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,029 | €48,692 | -€10,337 | -17.5% |
| Distributable reserves | 133 | €59,029 | €48,692 | -€10,337 | -17.5% |
| Amounts payable | 17/49 | €50,436 | €40,678 | -€9,757 | -19.3% |
| Amounts payable after more than one year | 17 | €16,043 | €1,242 | -€14,801 | -92.3% |
| Financial debts | 170/4 | €16,043 | €1,242 | -€14,801 | -92.3% |
| Amounts payable within one year | 42/48 | €34,392 | €39,437 | +€5,044 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €14,623 | €14,801 | +€179 | +1.2% |
| Trade debts | 44 | €3,199 | €6,159 | +€2,959 | +92.5% |
| Suppliers | 440/4 | €3,199 | €6,159 | +€2,959 | +92.5% |
| Taxes, remuneration and social security | 45 | €16,571 | €16,617 | +€47 | +0.3% |
| Taxes | 450/3 | €14,389 | €14,241 | -€148 | -1.0% |
| Remuneration and social security | 454/9 | €2,182 | €2,377 | +€195 | +8.9% |
| Other amounts payable | 47/48 | - | €1,859 | +€1,859 | |
| Non-recurring operating income | 76A | - | €8,851 | +€8,851 | |
| Remuneration, social security and pensions | 62 | €37,792 | €41,008 | +€3,216 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,892 | €23,340 | -€552 | -2.3% |
| Other operating charges | 640/8 | €3,428 | €3,461 | +€32 | +0.9% |
| Gross operating margin | 9900 | €82,154 | €91,858 | +€9,704 | +11.8% |
| Operating profit (loss) | 9901 | €17,041 | €24,049 | +€7,008 | +41.1% |
| Financial income | 75/76B | €631 | €516 | -€116 | -18.4% |
| Recurring financial income | 75 | €631 | €516 | -€116 | -18.4% |
| Financial charges | 65/66B | €2,151 | €835 | -€1,316 | -61.2% |
| Recurring financial charges | 65 | €2,151 | €835 | -€1,316 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €15,522 | €23,729 | +€8,208 | +52.9% |
| Income taxes | 67/77 | €7,642 | €9,235 | +€1,593 | +20.8% |
| Profit (loss) for the period | 9904 | €7,880 | €14,495 | +€6,615 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,880 | €14,495 | +€6,615 | +83.9% |
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 18 October 2026 via checked.be.