Alma Libre: 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.
Alma Libre
Largest movements
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Financial fixed assets +€52,150
up €52,150 (+907%), from €5,752 to €57,902
- Tangible fixed assets -€42,023
down €42,023 (-21.5%), from €195,846 to €153,823
- Stocks and contracts -€10,587
down €10,587 (-58.4%), from €18,120 to €7,532
- Receivables within one year +€9,989
up €9,989 (+63.8%), from €15,655 to €25,644
of which Other amounts receivable: +€13,655
- Tax, wage and social debts -€21,242
down €21,242 (-43.5%), from €48,803 to €27,561
of which Taxes: -€14,897
- Other debts -€20,428
down €20,428 (-98.1%), from €20,826 to €398
- Profit (loss) carried forward +€11,976
up €11,976 (+26.9%), from -€44,589 to -€32,614
- Debts after one year -€7,880
down €7,880 (-8.7%), from €90,299 to €82,420
- Trade debts -€4,913
down €4,913 (-20.4%), from €24,126 to €19,213
- Staff costs -€92,713
down €92,713 (-30.8%), from €300,893 to €208,180
- Gross operating margin -€44,420
down €44,420 (-14.2%), from €313,262 to €268,842
- Financial charges -€5,657
down €5,657 (-59.7%), from €9,468 to €3,811
- Taxes -€5,481
down €5,481, from €268 to -€5,213
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 | €338,859 | €294,969 | -€43,890 | -13.0% |
| Fixed assets | 21/28 | €201,598 | €211,725 | +€10,127 | +5.0% |
| Tangible fixed assets | 22/27 | €195,846 | €153,823 | -€42,023 | -21.5% |
| Land and buildings | 22 | €808 | €614 | -€194 | -24.0% |
| Plant, machinery and equipment | 23 | €43,972 | €25,441 | -€18,531 | -42.1% |
| Furniture and vehicles | 24 | €16,847 | €7,527 | -€9,320 | -55.3% |
| Other tangible fixed assets | 26 | €134,219 | €120,240 | -€13,979 | -10.4% |
| Financial fixed assets | 28 | €5,752 | €57,902 | +€52,150 | +907% |
| Current assets | 29/58 | €137,261 | €83,244 | -€54,016 | -39.4% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Stocks and contracts in progress | 3 | €18,120 | €7,532 | -€10,587 | -58.4% |
| Stocks | 30/36 | €18,120 | €7,532 | -€10,587 | -58.4% |
| Amounts receivable within one year | 40/41 | €15,655 | €25,644 | +€9,989 | +63.8% |
| Trade receivables | 40 | €12,171 | €8,505 | -€3,666 | -30.1% |
| Other amounts receivable | 41 | €3,485 | €17,139 | +€13,655 | +392% |
| Cash at bank and in hand | 54/58 | €37,291 | €41,041 | +€3,749 | +10.1% |
| Deferred charges and accrued income | 490/1 | €6,194 | €9,027 | +€2,833 | +45.7% |
| Total equity and liabilities | 10/49 | €338,859 | €294,969 | -€43,890 | -13.0% |
| Equity | 10/15 | €140,432 | €152,407 | +€11,976 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €166,421 | €166,421 | = | 0.0% |
| Distributable reserves | 133 | €166,421 | €166,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,589 | -€32,614 | +€11,976 | +26.9% |
| Amounts payable | 17/49 | €198,427 | €142,561 | -€55,865 | -28.2% |
| Amounts payable after more than one year | 17 | €90,299 | €82,420 | -€7,880 | -8.7% |
| Financial debts | 170/4 | €90,299 | €82,420 | -€7,880 | -8.7% |
| Amounts payable within one year | 42/48 | €105,693 | €59,184 | -€46,509 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €11,939 | €7,880 | -€4,059 | -34.0% |
| Financial debts | 43 | - | €4,133 | +€4,133 | |
| Credit institutions | 430/8 | - | €4,133 | +€4,133 | |
| Trade debts | 44 | €24,126 | €19,213 | -€4,913 | -20.4% |
| Suppliers | 440/4 | €24,126 | €19,213 | -€4,913 | -20.4% |
| Taxes, remuneration and social security | 45 | €48,803 | €27,561 | -€21,242 | -43.5% |
| Taxes | 450/3 | €17,787 | €2,890 | -€14,897 | -83.8% |
| Remuneration and social security | 454/9 | €31,016 | €24,671 | -€6,345 | -20.5% |
| Other amounts payable | 47/48 | €20,826 | €398 | -€20,428 | -98.1% |
| Accrued charges and deferred income | 492/3 | €2,434 | €958 | -€1,477 | -60.7% |
| Remuneration, social security and pensions | 62 | €300,893 | €208,180 | -€92,713 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,230 | €44,063 | -€1,167 | -2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,118 | €1,688 | +€570 | +51.0% |
| Other operating charges | 640/8 | €2,992 | €4,545 | +€1,552 | +51.9% |
| Gross operating margin | 9900 | €313,262 | €268,842 | -€44,420 | -14.2% |
| Operating profit (loss) | 9901 | -€36,971 | €10,366 | +€47,337 | |
| Financial income | 75/76B | €2,118 | €208 | -€1,910 | -90.2% |
| Recurring financial income | 75 | €2,118 | €208 | -€1,910 | -90.2% |
| Financial charges | 65/66B | €9,468 | €3,811 | -€5,657 | -59.7% |
| Recurring financial charges | 65 | €9,468 | €3,811 | -€5,657 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,322 | €6,762 | +€51,084 | |
| Income taxes | 67/77 | €268 | -€5,213 | -€5,481 | |
| Profit (loss) for the period | 9904 | -€44,589 | €11,976 | +€56,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,589 | €11,976 | +€56,565 |
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 13 October 2026 via checked.be.