ALMAC: 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.
ALMAC
Largest movements
- Receivables within one year +€36,205
up €36,205 (+60.4%), from €59,988 to €96,193
of which Other amounts receivable: +€40,695
- Tangible fixed assets +€7,547
up €7,547 (+41.3%), from €18,281 to €25,828
of which Furniture and vehicles: +€8,644
- Cash +€7,116
up €7,116 (+6.0%), from €118,771 to €125,886
mainly Provisions (+€51,610) and Depreciation (+€5,760)
- Provisions +€51,610
new in 2025: €51,610
- Tax, wage and social debts -€5,551
down €5,551 (-44.6%), from €12,437 to €6,886
- Profit (loss) carried forward +€3,439
up €3,439 (+2.0%), from €168,083 to €171,523
- Purchases and services -€95,187
no longer reported in 2025 (was €95,187)
- Provisions +€51,610
new in 2025: €51,610
- Gross operating margin -€20,364
down €20,364 (-19.1%), from €106,875 to €86,511
- Depreciation +€3,013
up €3,013 (+109.7%), from €2,746 to €5,760
- Financial charges -€1,108
down €1,108 (-88.6%), from €1,251 to €142
of which Financial charges: -€963
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 | €197,393 | €247,908 | +€50,515 | +25.6% |
| Fixed assets | 21/28 | €18,281 | €25,828 | +€7,547 | +41.3% |
| Tangible fixed assets | 22/27 | €18,281 | €25,828 | +€7,547 | +41.3% |
| Plant, machinery and equipment | 23 | €2,256 | €1,160 | -€1,097 | -48.6% |
| Furniture and vehicles | 24 | €16,025 | €24,669 | +€8,644 | +53.9% |
| Current assets | 29/58 | €179,112 | €222,079 | +€42,968 | +24.0% |
| Amounts receivable within one year | 40/41 | €59,988 | €96,193 | +€36,205 | +60.4% |
| Trade receivables | 40 | €27,423 | €22,933 | -€4,491 | -16.4% |
| Other amounts receivable | 41 | €32,565 | €73,260 | +€40,695 | +125.0% |
| Cash at bank and in hand | 54/58 | €118,771 | €125,886 | +€7,116 | +6.0% |
| Deferred charges and accrued income | 490/1 | €353 | - | -€353 | |
| Total equity and liabilities | 10/49 | €197,393 | €247,908 | +€50,515 | +25.6% |
| Equity | 10/15 | €181,083 | €184,523 | +€3,439 | +1.9% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,083 | €171,523 | +€3,439 | +2.0% |
| Provisions and deferred taxes | 16 | - | €51,610 | +€51,610 | |
| Provisions for liabilities and charges | 160/5 | - | €51,610 | +€51,610 | |
| Other liabilities and charges | 164/5 | - | €51,610 | +€51,610 | |
| Amounts payable | 17/49 | €16,310 | €11,775 | -€4,535 | -27.8% |
| Amounts payable within one year | 42/48 | €16,310 | €11,775 | -€4,535 | -27.8% |
| Trade debts | 44 | €3,873 | €4,889 | +€1,016 | +26.2% |
| Suppliers | 440/4 | €3,873 | €4,889 | +€1,016 | +26.2% |
| Taxes, remuneration and social security | 45 | €12,437 | €6,886 | -€5,551 | -44.6% |
| Taxes | 450/3 | €12,437 | €6,886 | -€5,551 | -44.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €95,187 | - | -€95,187 | |
| Remuneration, social security and pensions | 62 | €507 | - | -€507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,746 | €5,760 | +€3,013 | +109.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €51,610 | +€51,610 | |
| Other operating charges | 640/8 | €1,515 | €659 | -€856 | -56.5% |
| Gross operating margin | 9900 | €106,875 | €86,511 | -€20,364 | -19.1% |
| Operating profit (loss) | 9901 | €102,107 | €28,482 | -€73,625 | -72.1% |
| Financial income | 75/76B | €9 | €1 | -€8 | -94.1% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -94.1% |
| Financial charges | 65/66B | €1,251 | €142 | -€1,108 | -88.6% |
| Recurring financial charges | 65 | €1,106 | €142 | -€963 | -87.1% |
| Non-recurring financial charges | 66B | €145 | - | -€145 | |
| Profit (loss) for the period before taxes | 9903 | €100,865 | €28,340 | -€72,525 | -71.9% |
| Income taxes | 67/77 | €24,457 | €24,901 | +€444 | +1.8% |
| Profit (loss) for the period | 9904 | €76,408 | €3,439 | -€72,969 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,408 | €3,439 | -€72,969 | -95.5% |
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 28 September 2026 via checked.be.