ALMACO: what changed
What changed
ALMACO
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€77,521
2024 · €12,227-€89,748
Equity
€12,541
2024 · €90,063-€77,522
Cash
€2
2024 · €6,764-€6,762
Balance sheet total
€501,976
2024 · €614,466-€112,490
Largest movements
Assets
- Tangible fixed assets -€48,740
down €48,740 (-10.2%), from €475,930 to €427,190
- Stocks and contracts -€44,414
down €44,414 (-79.4%), from €55,933 to €11,519
- Receivables within one year -€11,924
down €11,924 (-15.9%), from €75,133 to €63,209
of which Other amounts receivable: -€8,134
- Cash -€6,762
down €6,762 (-100.0%), from €6,764 to €2
mainly Net result for the year (-€77,521) and Trade debts (-€46,587)
Equity and liabilities
- Profit (loss) carried forward -€77,521
new in 2025: -€77,521
- Trade debts -€46,587
down €46,587 (-62.7%), from €74,352 to €27,765
- Debts after one year +€9,658
up €9,658 (+2.3%), from €425,153 to €434,811
of which Financial debts: +€9,658
- Short-term financial debts +€7,886
new in 2025: €7,886
Income statement
- Gross operating margin -€149,009
down €149,009, from €142,322 to -€6,687
- Staff costs -€13,545
down €13,545 (-76.6%), from €17,691 to €4,146
- Other operating charges -€12,376
down €12,376 (-72.0%), from €17,192 to €4,816
- Taxes -€5,120
down €5,120, from €4,032 to -€1,088
- Financial charges -€1,614
down €1,614 (-21.9%), from €7,375 to €5,761
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€12,227
Gross operating margin
-€149,009
Staff costs
+€13,545
Depreciation
+€227
Other operating charges
+€12,376
Other operating items
+€26,534
Financial income
-€155
Financial charges
+€1,614
Taxes
+€5,120
Result 2025
-€77,521
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€24,307
Investment
+€3,506
Financing
+€14,039
Cash 2024
€6,764
From operations (derived)
-€24,307
Net result for the year
-€77,521
Depreciation
+€45,884
Stocks and contracts
+€44,414
Receivables within one year
+€11,924
Trade debts
-€46,587
Tax, wage and social debts
-€3,717
Other debts
+€1,296
Investment (derived)
+€3,506
Investment in fixed assets (net)
+€3,506
Financing
+€14,039
Debts after one year
+€9,658
Current portion of long-term debt
-€3,504
Short-term financial debts
+€7,886
Contributions, distributions and other
-€1
Cash 2025
€2
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,466 | €501,976 | -€112,490 | -18.3% |
| Fixed assets | 21/28 | €476,636 | €427,246 | -€49,390 | -10.4% |
| Intangible fixed assets | 21 | €706 | €56 | -€650 | -92.1% |
| Tangible fixed assets | 22/27 | €475,930 | €427,190 | -€48,740 | -10.2% |
| Land and buildings | 22 | €344,547 | €328,459 | -€16,088 | -4.7% |
| Plant, machinery and equipment | 23 | €56,055 | €42,632 | -€13,423 | -23.9% |
| Furniture and vehicles | 24 | €47,330 | €31,440 | -€15,890 | -33.6% |
| Other tangible fixed assets | 26 | €27,998 | €24,659 | -€3,339 | -11.9% |
| Current assets | 29/58 | €137,830 | €74,730 | -€63,100 | -45.8% |
| Stocks and contracts in progress | 3 | €55,933 | €11,519 | -€44,414 | -79.4% |
| Stocks | 30/36 | €55,933 | €11,519 | -€44,414 | -79.4% |
| Amounts receivable within one year | 40/41 | €75,133 | €63,209 | -€11,924 | -15.9% |
| Trade receivables | 40 | €22,393 | €18,603 | -€3,790 | -16.9% |
| Other amounts receivable | 41 | €52,740 | €44,606 | -€8,134 | -15.4% |
| Cash at bank and in hand | 54/58 | €6,764 | €2 | -€6,762 | -100.0% |
| Total equity and liabilities | 10/49 | €614,466 | €501,976 | -€112,490 | -18.3% |
| Equity | 10/15 | €90,063 | €12,541 | -€77,522 | -86.1% |
| Contributions | 10/11 | €32,227 | €35,449 | +€3,222 | +10.0% |
| Reserves | 13 | €57,836 | €54,613 | -€3,223 | -5.6% |
| Non-distributable reserves | 130/1 | €3,223 | - | -€3,223 | |
| Reserves not available under the articles | 1311 | €3,223 | - | -€3,223 | |
| Distributable reserves | 133 | €54,613 | €54,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€77,521 | -€77,521 | |
| Amounts payable | 17/49 | €524,403 | €489,435 | -€34,968 | -6.7% |
| Amounts payable after more than one year | 17 | €425,153 | €434,811 | +€9,658 | +2.3% |
| Financial debts | 170/4 | €160,921 | €170,579 | +€9,658 | +6.0% |
| Other amounts payable | 178/9 | €264,232 | €264,232 | = | 0.0% |
| Amounts payable within one year | 42/48 | €99,250 | €54,624 | -€44,626 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €21,110 | €17,606 | -€3,504 | -16.6% |
| Financial debts | 43 | - | €7,886 | +€7,886 | |
| Credit institutions | 430/8 | - | €7,886 | +€7,886 | |
| Trade debts | 44 | €74,352 | €27,765 | -€46,587 | -62.7% |
| Suppliers | 440/4 | €74,352 | €27,765 | -€46,587 | -62.7% |
| Taxes, remuneration and social security | 45 | €3,788 | €71 | -€3,717 | -98.1% |
| Remuneration and social security | 454/9 | €3,788 | €71 | -€3,717 | -98.1% |
| Other amounts payable | 47/48 | - | €1,296 | +€1,296 | |
| Non-recurring operating income | 76A | - | €1,986 | +€1,986 | |
| Remuneration, social security and pensions | 62 | €17,691 | €4,146 | -€13,545 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,111 | €45,884 | -€227 | -0.5% |
| Other operating charges | 640/8 | €17,192 | €4,816 | -€12,376 | -72.0% |
| Non-recurring operating charges | 66A | €38,146 | €11,612 | -€26,534 | -69.6% |
| Gross operating margin | 9900 | €142,322 | -€6,687 | -€149,009 | |
| Operating profit (loss) | 9901 | €23,182 | -€73,145 | -€96,327 | |
| Financial income | 75/76B | €452 | €297 | -€155 | -34.3% |
| Recurring financial income | 75 | €452 | €297 | -€155 | -34.3% |
| Financial charges | 65/66B | €7,375 | €5,761 | -€1,614 | -21.9% |
| Recurring financial charges | 65 | €7,375 | €5,761 | -€1,614 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €16,259 | -€78,609 | -€94,868 | |
| Income taxes | 67/77 | €4,032 | -€1,088 | -€5,120 | |
| Profit (loss) for the period | 9904 | €12,227 | -€77,521 | -€89,748 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,227 | -€77,521 | -€89,748 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.