ALMA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€3,063
up €3,063 (+219%), from €1,402 to €4,465
mainly Net result for the year (+€21,283) and Receivables within one year (+€1,066)
- Receivables within one year -€1,066
down €1,066 (-19.3%), from €5,527 to €4,461
of which Trade receivables: -€1,367
- Profit (loss) carried forward +€1,283
up €1,283 (+2.0%), from -€65,332 to -€64,049
- Other debts +€584
up €584 (+1.6%), from €37,024 to €37,609
- Trade debts +€202
up €202 (+141%), from €143 to €345
- Depreciation -€9,524
no longer reported in 2026 (was €9,524)
- Gross operating margin +€699
up €699 (+2.9%), from €23,726 to €24,425
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 | €14,552 | €16,549 | +€1,997 | +13.7% |
| Fixed assets | 21/28 | €7,623 | €7,623 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,574 | €7,574 | = | 0.0% |
| Land and buildings | 22 | €7,574 | €7,574 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €6,929 | €8,926 | +€1,997 | +28.8% |
| Amounts receivable within one year | 40/41 | €5,527 | €4,461 | -€1,066 | -19.3% |
| Trade receivables | 40 | €5,470 | €4,103 | -€1,367 | -25.0% |
| Other amounts receivable | 41 | €57 | €358 | +€301 | +528% |
| Cash at bank and in hand | 54/58 | €1,402 | €4,465 | +€3,063 | +219% |
| Total equity and liabilities | 10/49 | €14,552 | €16,549 | +€1,997 | +13.7% |
| Equity | 10/15 | -€22,692 | -€21,409 | +€1,283 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €24,040 | €24,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €22,180 | €22,180 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€65,332 | -€64,049 | +€1,283 | +2.0% |
| Amounts payable | 17/49 | €37,243 | €37,958 | +€714 | +1.9% |
| Amounts payable within one year | 42/48 | €37,243 | €37,958 | +€714 | +1.9% |
| Trade debts | 44 | €143 | €345 | +€202 | +141% |
| Suppliers | 440/4 | €143 | €345 | +€202 | +141% |
| Taxes, remuneration and social security | 45 | €76 | €4 | -€72 | -94.9% |
| Taxes | 450/3 | €76 | €4 | -€72 | -94.9% |
| Other amounts payable | 47/48 | €37,024 | €37,609 | +€584 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,524 | - | -€9,524 | |
| Other operating charges | 640/8 | €2,986 | €3,080 | +€94 | +3.1% |
| Gross operating margin | 9900 | €23,726 | €24,425 | +€699 | +2.9% |
| Operating profit (loss) | 9901 | €11,216 | €21,345 | +€10,129 | +90.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €43 | €63 | +€20 | +45.5% |
| Recurring financial charges | 65 | €43 | €63 | +€20 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €11,173 | €21,283 | +€10,110 | +90.5% |
| Profit (loss) for the period | 9904 | €11,173 | €21,283 | +€10,110 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,173 | €21,283 | +€10,110 | +90.5% |
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 22 October 2026 via checked.be.