Alemax: 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.
Alemax
Largest movements
- Tangible fixed assets -€11,250
down €11,250 (-100%), from €11,250 to €0
- Profit (loss) carried forward -€21,076
down €21,076 (-23.4%), from -€90,135 to -€111,211
- Short-term financial debts +€6,234
up €6,234 (+277%), from €2,254 to €8,487
- Debts after one year +€3,800
up €3,800 (+4.5%), from €84,384 to €88,184
- Gross operating margin -€7,724
down €7,724, from €1,832 to -€5,892
- Financial charges -€355
down €355 (-22.9%), from €1,552 to €1,197
- Other operating charges +€131
up €131 (+5.0%), from €2,606 to €2,737
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,293 | €17,027 | -€11,267 | -39.8% |
| Fixed assets | 21/28 | €11,250 | €0 | -€11,250 | -100% |
| Tangible fixed assets | 22/27 | €11,250 | €0 | -€11,250 | -100% |
| Land and buildings | 22 | €11,250 | €0 | -€11,250 | -100% |
| Current assets | 29/58 | €17,043 | €17,027 | -€17 | -0.1% |
| Stocks and contracts in progress | 3 | €15,255 | €15,255 | = | 0.0% |
| Stocks | 30/36 | €15,255 | €15,255 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,279 | €1,279 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €509 | €492 | -€17 | -3.3% |
| Total equity and liabilities | 10/49 | €28,293 | €17,027 | -€11,267 | -39.8% |
| Equity | 10/15 | -€60,035 | -€81,111 | -€21,076 | -35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,500 | €11,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,500 | €11,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,135 | -€111,211 | -€21,076 | -23.4% |
| Amounts payable | 17/49 | €88,328 | €98,137 | +€9,809 | +11.1% |
| Amounts payable after more than one year | 17 | €84,384 | €88,184 | +€3,800 | +4.5% |
| Other amounts payable | 178/9 | €84,384 | €88,184 | +€3,800 | +4.5% |
| Amounts payable within one year | 42/48 | €3,944 | €9,953 | +€6,009 | +152% |
| Financial debts | 43 | €2,254 | €8,487 | +€6,234 | +277% |
| Credit institutions | 430/8 | €2,254 | €8,487 | +€6,234 | +277% |
| Trade debts | 44 | €1,570 | €1,312 | -€258 | -16.4% |
| Suppliers | 440/4 | €1,570 | €1,312 | -€258 | -16.4% |
| Taxes, remuneration and social security | 45 | €121 | €154 | +€33 | +27.6% |
| Taxes | 450/3 | €121 | €154 | +€33 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,250 | €11,250 | = | 0.0% |
| Other operating charges | 640/8 | €2,606 | €2,737 | +€131 | +5.0% |
| Gross operating margin | 9900 | €1,832 | -€5,892 | -€7,724 | |
| Operating profit (loss) | 9901 | -€12,024 | -€19,879 | -€7,855 | -65.3% |
| Financial charges | 65/66B | €1,552 | €1,197 | -€355 | -22.9% |
| Recurring financial charges | 65 | €1,552 | €1,197 | -€355 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,576 | -€21,076 | -€7,500 | -55.2% |
| Profit (loss) for the period | 9904 | -€13,576 | -€21,076 | -€7,500 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,576 | -€21,076 | -€7,500 | -55.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.