ALEMSA: what changed
Two fiscal 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.
ALEMSA
Largest movements
- Receivables within one year +€131,615
up €131,615 (+834.2%), from €15,777 to €147,392
of which Other amounts receivable: +€102,400
- Cash -€11,602
down €11,602 (-97.7%), from €11,880 to €278
mainly Receivables within one year (-€131,615) and Deferred charges and accrued income (-€4,084)
- Deferred charges and accrued income +€4,084
up €4,084 (+240.0%), from €1,702 to €5,786
- Profit (loss) carried forward +€94,886
up €94,886 (+551.8%), from €17,197 to €112,082
- Tax, wage and social debts +€23,962
up €23,962 (+209.7%), from €11,425 to €35,387
of which Taxes: +€27,071
- Trade debts +€4,044
new in 2025: €4,044
- Gross operating margin +€98,191
up €98,191 (+420.5%), from €23,350 to €121,540
- Taxes +€21,887
up €21,887 (+396.8%), from €5,516 to €27,403
- Financial income +€3,494
up €3,494 (+1133.9%), from €308 to €3,802
- Financial charges +€1,527
up €1,527, from -€78 to €1,449
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 | €30,622 | €153,514 | +€122,892 | +401.3% |
| Formation expenses | 20 | €1,205 | €0 | -€1,205 | -100.0% |
| Fixed assets | 21/28 | €57 | €57 | = | 0.0% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €29,360 | €153,456 | +€124,097 | +422.7% |
| Amounts receivable within one year | 40/41 | €15,777 | €147,392 | +€131,615 | +834.2% |
| Trade receivables | 40 | €5,917 | €35,132 | +€29,215 | +493.8% |
| Other amounts receivable | 41 | €9,861 | €112,260 | +€102,400 | +1038.5% |
| Cash at bank and in hand | 54/58 | €11,880 | €278 | -€11,602 | -97.7% |
| Deferred charges and accrued income | 490/1 | €1,702 | €5,786 | +€4,084 | +240.0% |
| Total equity and liabilities | 10/49 | €30,622 | €153,514 | +€122,892 | +401.3% |
| Equity | 10/15 | €19,197 | €114,082 | +€94,886 | +494.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,197 | €112,082 | +€94,886 | +551.8% |
| Amounts payable | 17/49 | €11,425 | €39,431 | +€28,006 | +245.1% |
| Amounts payable within one year | 42/48 | €11,425 | €39,431 | +€28,006 | +245.1% |
| Trade debts | 44 | - | €4,044 | +€4,044 | |
| Suppliers | 440/4 | - | €4,044 | +€4,044 | |
| Taxes, remuneration and social security | 45 | €11,425 | €35,387 | +€23,962 | +209.7% |
| Taxes | 450/3 | €8,316 | €35,387 | +€27,071 | +325.5% |
| Remuneration and social security | 454/9 | €3,109 | €0 | -€3,109 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635 | €1,205 | +€570 | +89.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €23,350 | €121,540 | +€98,191 | +420.5% |
| Operating profit (loss) | 9901 | €22,327 | €119,936 | +€97,609 | +437.2% |
| Financial income | 75/76B | €308 | €3,802 | +€3,494 | +1133.9% |
| Recurring financial income | 75 | €308 | €3,802 | +€3,494 | +1133.9% |
| Financial charges | 65/66B | -€78 | €1,449 | +€1,527 | |
| Recurring financial charges | 65 | -€78 | €1,449 | +€1,527 | |
| Profit (loss) for the period before taxes | 9903 | €22,713 | €122,288 | +€99,576 | +438.4% |
| Income taxes | 67/77 | €5,516 | €27,403 | +€21,887 | +396.8% |
| Profit (loss) for the period | 9904 | €17,197 | €94,886 | +€77,689 | +451.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,197 | €94,886 | +€77,689 | +451.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.