ALM Services: 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.
ALM Services
Largest movements
- Cash +€41,929
up €41,929 (+369.2%), from €11,355 to €53,284
mainly Receivables within one year (+€28,345) and Net result for the year (+€23,851)
- Receivables within one year -€28,345
down €28,345 (-69.0%), from €41,101 to €12,756
of which Trade receivables: -€28,693
- Tangible fixed assets -€11,338
down €11,338 (-21.3%), from €53,278 to €41,940
of which Furniture and vehicles: -€10,898
- Reserves +€23,851
up €23,851 (+56.1%), from €42,487 to €66,338
- Other debts -€21,642
down €21,642 (-77.7%), from €27,849 to €6,207
- Tax, wage and social debts +€12,605
up €12,605 (+102.3%), from €12,326 to €24,932
of which Taxes: +€8,140
- Trade debts -€10,765
down €10,765 (-54.8%), from €19,657 to €8,892
- Advances received -€2,254
no longer reported in 2025 (was €2,254)
- Gross operating margin -€14,273
down €14,273 (-13.9%), from €102,851 to €88,578
- Depreciation +€8,972
up €8,972 (+379.1%), from €2,367 to €11,338
- Staff costs -€3,663
down €3,663 (-7.8%), from €46,938 to €43,275
- Taxes -€1,121
down €1,121 (-12.1%), from €9,260 to €8,140
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 | €107,574 | €109,369 | +€1,795 | +1.7% |
| Fixed assets | 21/28 | €53,278 | €41,940 | -€11,338 | -21.3% |
| Tangible fixed assets | 22/27 | €53,278 | €41,940 | -€11,338 | -21.3% |
| Plant, machinery and equipment | 23 | €1,286 | €845 | -€440 | -34.3% |
| Furniture and vehicles | 24 | €51,992 | €41,095 | -€10,898 | -21.0% |
| Current assets | 29/58 | €54,296 | €67,429 | +€13,133 | +24.2% |
| Amounts receivable within one year | 40/41 | €41,101 | €12,756 | -€28,345 | -69.0% |
| Trade receivables | 40 | €39,847 | €11,154 | -€28,693 | -72.0% |
| Other amounts receivable | 41 | €1,254 | €1,602 | +€348 | +27.7% |
| Cash at bank and in hand | 54/58 | €11,355 | €53,284 | +€41,929 | +369.2% |
| Deferred charges and accrued income | 490/1 | €1,839 | €1,388 | -€451 | -24.5% |
| Total equity and liabilities | 10/49 | €107,574 | €109,369 | +€1,795 | +1.7% |
| Equity | 10/15 | €45,487 | €69,338 | +€23,851 | +52.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,487 | €66,338 | +€23,851 | +56.1% |
| Distributable reserves | 133 | €42,487 | €66,338 | +€23,851 | +56.1% |
| Amounts payable | 17/49 | €62,087 | €40,031 | -€22,056 | -35.5% |
| Amounts payable within one year | 42/48 | €62,087 | €40,031 | -€22,056 | -35.5% |
| Trade debts | 44 | €19,657 | €8,892 | -€10,765 | -54.8% |
| Suppliers | 440/4 | €19,657 | €8,892 | -€10,765 | -54.8% |
| Advances received on contracts in progress | 46 | €2,254 | - | -€2,254 | |
| Taxes, remuneration and social security | 45 | €12,326 | €24,932 | +€12,605 | +102.3% |
| Taxes | 450/3 | €9,213 | €17,352 | +€8,140 | +88.4% |
| Remuneration and social security | 454/9 | €3,114 | €7,580 | +€4,466 | +143.4% |
| Other amounts payable | 47/48 | €27,849 | €6,207 | -€21,642 | -77.7% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | €46,938 | €43,275 | -€3,663 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,367 | €11,338 | +€8,972 | +379.1% |
| Other operating charges | 640/8 | €2,336 | €1,892 | -€444 | -19.0% |
| Non-recurring operating charges | 66A | €14,374 | - | -€14,374 | |
| Gross operating margin | 9900 | €102,851 | €88,578 | -€14,273 | -13.9% |
| Operating profit (loss) | 9901 | €36,836 | €32,072 | -€4,764 | -12.9% |
| Financial income | 75/76B | €101 | - | -€101 | |
| Recurring financial income | 75 | €101 | - | -€101 | |
| Financial charges | 65/66B | €39 | €82 | +€43 | +110.1% |
| Recurring financial charges | 65 | €39 | €82 | +€43 | +110.1% |
| Profit (loss) for the period before taxes | 9903 | €36,898 | €31,990 | -€4,908 | -13.3% |
| Income taxes | 67/77 | €9,260 | €8,140 | -€1,121 | -12.1% |
| Profit (loss) for the period | 9904 | €27,638 | €23,851 | -€3,787 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,638 | €23,851 | -€3,787 | -13.7% |
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 5 October 2026 via checked.be.