ALMABEL PROJECT: 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.
ALMABEL PROJECT
Largest movements
- Receivables within one year +€1,825
up €1,825 (+7.8%), from €23,523 to €25,348
- Trade debts +€1,232
up €1,232 (+60.3%), from €2,042 to €3,274
- Other debts +€868
up €868 (+7.1%), from €12,303 to €13,170
- Profit (loss) carried forward -€419
down €419 (-4.3%), from -€9,757 to -€10,175
- Gross operating margin -€323
down €323 (-35.6%), from -€906 to -€1,228
- Financial income -€107
down €107 (-7.4%), from €1,458 to €1,350
- Financial charges -€81
down €81 (-57.1%), from €142 to €61
- Other operating charges +€12
up €12 (+2.7%), from €467 to €480
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 | €25,039 | €26,720 | +€1,681 | +6.7% |
| Current assets | 29/58 | €25,039 | €26,720 | +€1,681 | +6.7% |
| Amounts receivable within one year | 40/41 | €23,523 | €25,348 | +€1,825 | +7.8% |
| Other amounts receivable | 41 | €23,523 | €25,348 | +€1,825 | +7.8% |
| Cash at bank and in hand | 54/58 | €82 | €21 | -€61 | -74.0% |
| Deferred charges and accrued income | 490/1 | €1,434 | €1,350 | -€83 | -5.8% |
| Total equity and liabilities | 10/49 | €25,039 | €26,720 | +€1,681 | +6.7% |
| Equity | 10/15 | €10,694 | €10,276 | -€419 | -3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,757 | -€10,175 | -€419 | -4.3% |
| Amounts payable | 17/49 | €14,345 | €16,444 | +€2,100 | +14.6% |
| Amounts payable within one year | 42/48 | €14,345 | €16,444 | +€2,100 | +14.6% |
| Trade debts | 44 | €2,042 | €3,274 | +€1,232 | +60.3% |
| Suppliers | 440/4 | €2,042 | €3,274 | +€1,232 | +60.3% |
| Other amounts payable | 47/48 | €12,303 | €13,170 | +€868 | +7.1% |
| Other operating charges | 640/8 | €467 | €480 | +€12 | +2.7% |
| Gross operating margin | 9900 | -€906 | -€1,228 | -€323 | -35.6% |
| Operating profit (loss) | 9901 | -€1,373 | -€1,708 | -€335 | -24.4% |
| Financial income | 75/76B | €1,458 | €1,350 | -€107 | -7.4% |
| Recurring financial income | 75 | €1,458 | €1,350 | -€107 | -7.4% |
| Financial charges | 65/66B | €142 | €61 | -€81 | -57.1% |
| Recurring financial charges | 65 | €142 | €61 | -€81 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | -€57 | -€419 | -€362 | -633% |
| Profit (loss) for the period | 9904 | -€57 | -€419 | -€362 | -633% |
| Profit (loss) for the period to be appropriated | 9905 | -€57 | -€419 | -€362 | -633% |
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.