ALMACH: 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.
ALMACH
Largest movements
- Receivables within one year +€13,545
up €13,545 (+12.4%), from €109,586 to €123,131
of which Trade receivables: +€17,623
- Cash +€5,040
up €5,040 (+14.1%), from €35,830 to €40,871
- Reserves +€36,547
up €36,547 (+46.3%), from €78,909 to €115,456
of which Distributable reserves: +€38,407
- Other debts -€14,548
down €14,548 (-37.7%), from €38,548 to €24,000
- Trade debts -€5,431
down €5,431 (-75.2%), from €7,218 to €1,787
- Tax, wage and social debts -€4,012
down €4,012 (-15.8%), from €25,462 to €21,450
- Gross operating margin -€11,236
down €11,236 (-10.4%), from €107,564 to €96,328
- Financial income +€6,223
up €6,223 (+205.4%), from €3,030 to €9,253
- Taxes -€5,751
down €5,751 (-17.4%), from €33,045 to €27,294
- Depreciation +€4,980
up €4,980 (+90.3%), from €5,512 to €10,492
- Other operating charges +€2,939
up €2,939 (+132.1%), from €2,224 to €5,163
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,294 | €184,414 | +€16,120 | +9.6% |
| Fixed assets | 21/28 | €19,874 | €18,765 | -€1,109 | -5.6% |
| Tangible fixed assets | 22/27 | €19,874 | €18,765 | -€1,109 | -5.6% |
| Land and buildings | 22 | - | €2,391 | +€2,391 | |
| Furniture and vehicles | 24 | €19,874 | €16,374 | -€3,500 | -17.6% |
| Current assets | 29/58 | €148,420 | €165,650 | +€17,229 | +11.6% |
| Amounts receivable within one year | 40/41 | €109,586 | €123,131 | +€13,545 | +12.4% |
| Trade receivables | 40 | €769 | €18,392 | +€17,623 | +2292.9% |
| Other amounts receivable | 41 | €108,818 | €104,739 | -€4,079 | -3.7% |
| Cash at bank and in hand | 54/58 | €35,830 | €40,871 | +€5,040 | +14.1% |
| Deferred charges and accrued income | 490/1 | €3,003 | €1,648 | -€1,355 | -45.1% |
| Total equity and liabilities | 10/49 | €168,294 | €184,414 | +€16,120 | +9.6% |
| Equity | 10/15 | €93,326 | €131,674 | +€38,347 | +41.1% |
| Contributions | 10/11 | €6,200 | €8,000 | +€1,800 | +29.0% |
| Reserves | 13 | €78,909 | €115,456 | +€36,547 | +46.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €0 | = | |
| Distributable reserves | 133 | €77,049 | €115,456 | +€38,407 | +49.8% |
| Profit (loss) carried forward | 14 | €8,217 | €8,217 | = | 0.0% |
| Amounts payable | 17/49 | €74,968 | €52,741 | -€22,227 | -29.6% |
| Amounts payable within one year | 42/48 | €74,968 | €52,741 | -€22,227 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €3,740 | €5,057 | +€1,318 | +35.2% |
| Financial debts | 43 | - | €447 | +€447 | |
| Other loans | 439 | - | €447 | +€447 | |
| Trade debts | 44 | €7,218 | €1,787 | -€5,431 | -75.2% |
| Suppliers | 440/4 | €7,218 | €1,787 | -€5,431 | -75.2% |
| Taxes, remuneration and social security | 45 | €25,462 | €21,450 | -€4,012 | -15.8% |
| Taxes | 450/3 | €25,462 | €21,450 | -€4,012 | -15.8% |
| Other amounts payable | 47/48 | €38,548 | €24,000 | -€14,548 | -37.7% |
| Remuneration, social security and pensions | 62 | - | €417 | +€417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,512 | €10,492 | +€4,980 | +90.3% |
| Other operating charges | 640/8 | €2,224 | €5,163 | +€2,939 | +132.1% |
| Gross operating margin | 9900 | €107,564 | €96,328 | -€11,236 | -10.4% |
| Operating profit (loss) | 9901 | €99,828 | €80,256 | -€19,572 | -19.6% |
| Financial income | 75/76B | €3,030 | €9,253 | +€6,223 | +205.4% |
| Recurring financial income | 75 | €3,030 | €9,253 | +€6,223 | +205.4% |
| Financial charges | 65/66B | €214 | €667 | +€453 | +211.3% |
| Recurring financial charges | 65 | €214 | €667 | +€453 | +211.3% |
| Profit (loss) for the period before taxes | 9903 | €102,643 | €88,841 | -€13,802 | -13.4% |
| Income taxes | 67/77 | €33,045 | €27,294 | -€5,751 | -17.4% |
| Profit (loss) for the period | 9904 | €69,597 | €61,547 | -€8,050 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,597 | €61,547 | -€8,050 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.