ALMA'S: 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'S
Largest movements
- Cash +€17,629
up €17,629 (+41.2%), from €42,823 to €60,452
mainly Advances received (+€83,384) and Stocks and contracts (+€12,320)
- Stocks and contracts -€12,320
down €12,320 (-50.2%), from €24,530 to €12,210
- Tangible fixed assets -€9,446
down €9,446 (-88.5%), from €10,669 to €1,223
- Intangible fixed assets -€6,694
down €6,694 (-18.2%), from €36,731 to €30,037
- Receivables within one year -€4,936
down €4,936 (-9.0%), from €54,689 to €49,753
of which Trade receivables: -€22,961
- Advances received +€83,384
up €83,384 (+641%), from €13,000 to €96,384
- Profit (loss) carried forward -€61,134
down €61,134 (-139%), from -€44,061 to -€105,195
- Trade debts -€39,091
down €39,091 (-52.3%), from €74,767 to €35,676
- Tax, wage and social debts +€3,714
up €3,714 (+5.0%), from €74,875 to €78,589
of which Remuneration and social security: +€25,269
- Debts after one year -€1,993
no longer reported in 2025 (was €1,993)
- Gross operating margin -€91,430
down €91,430, from €76,846 to -€14,584
- Staff costs -€58,154
down €58,154 (-67.3%), from €86,470 to €28,316
- Financial charges -€13,796
down €13,796 (-67.8%), from €20,358 to €6,562
- Other operating charges -€4,260
down €4,260 (-66.2%), from €6,440 to €2,180
- Depreciation -€2,448
down €2,448 (-23.6%), from €10,365 to €7,917
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 | €176,895 | €160,037 | -€16,858 | -9.5% |
| Fixed assets | 21/28 | €51,920 | €35,930 | -€15,990 | -30.8% |
| Intangible fixed assets | 21 | €36,731 | €30,037 | -€6,694 | -18.2% |
| Tangible fixed assets | 22/27 | €10,669 | €1,223 | -€9,446 | -88.5% |
| Furniture and vehicles | 24 | €10,669 | €1,223 | -€9,446 | -88.5% |
| Financial fixed assets | 28 | €4,520 | €4,670 | +€150 | +3.3% |
| Current assets | 29/58 | €124,975 | €124,107 | -€868 | -0.7% |
| Stocks and contracts in progress | 3 | €24,530 | €12,210 | -€12,320 | -50.2% |
| Stocks | 30/36 | €24,530 | €12,210 | -€12,320 | -50.2% |
| Amounts receivable within one year | 40/41 | €54,689 | €49,753 | -€4,936 | -9.0% |
| Trade receivables | 40 | €54,689 | €31,728 | -€22,961 | -42.0% |
| Other amounts receivable | 41 | - | €18,025 | +€18,025 | |
| Cash at bank and in hand | 54/58 | €42,823 | €60,452 | +€17,629 | +41.2% |
| Deferred charges and accrued income | 490/1 | €2,933 | €1,692 | -€1,241 | -42.3% |
| Total equity and liabilities | 10/49 | €176,895 | €160,037 | -€16,858 | -9.5% |
| Equity | 10/15 | €8,439 | -€52,695 | -€61,134 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €37,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,061 | -€105,195 | -€61,134 | -139% |
| Amounts payable | 17/49 | €168,456 | €212,732 | +€44,276 | +26.3% |
| Amounts payable after more than one year | 17 | €1,993 | - | -€1,993 | |
| Financial debts | 170/4 | €1,993 | - | -€1,993 | |
| Amounts payable within one year | 42/48 | €166,463 | €212,732 | +€46,269 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €3,231 | €1,494 | -€1,737 | -53.8% |
| Trade debts | 44 | €74,767 | €35,676 | -€39,091 | -52.3% |
| Suppliers | 440/4 | €74,767 | €35,676 | -€39,091 | -52.3% |
| Advances received on contracts in progress | 46 | €13,000 | €96,384 | +€83,384 | +641% |
| Taxes, remuneration and social security | 45 | €74,875 | €78,589 | +€3,714 | +5.0% |
| Taxes | 450/3 | €74,875 | €53,320 | -€21,555 | -28.8% |
| Remuneration and social security | 454/9 | - | €25,269 | +€25,269 | |
| Other amounts payable | 47/48 | €590 | €589 | -€1 | -0.1% |
| Remuneration, social security and pensions | 62 | €86,470 | €28,316 | -€58,154 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,365 | €7,917 | -€2,448 | -23.6% |
| Other operating charges | 640/8 | €6,440 | €2,180 | -€4,260 | -66.2% |
| Non-recurring operating charges | 66A | €787 | €1,576 | +€789 | +100% |
| Gross operating margin | 9900 | €76,846 | -€14,584 | -€91,430 | |
| Operating profit (loss) | 9901 | -€27,217 | -€54,573 | -€27,356 | -101% |
| Financial income | 75/76B | €0 | €1 | +€1 | +9,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9,900% |
| Financial charges | 65/66B | €20,358 | €6,562 | -€13,796 | -67.8% |
| Recurring financial charges | 65 | €20,358 | €6,562 | -€13,796 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,574 | -€61,134 | -€13,560 | -28.5% |
| Profit (loss) for the period | 9904 | -€47,574 | -€61,134 | -€13,560 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,574 | -€61,134 | -€13,560 | -28.5% |
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 24 October 2026 via checked.be.