Almaco: 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.
Almaco
Largest movements
- Tangible fixed assets -€45,714
down €45,714 (-9.0%), from €507,118 to €461,405
of which Land and buildings: -€44,421
- Receivables within one year -€18,865
down €18,865 (-23.7%), from €79,592 to €60,726
of which Other amounts receivable: -€9,500
- Reserves -€96,546
down €96,546 (-5.5%), from €1.8m to €1.7m
- Gross operating margin +€125,795
up €125,795 (+116%), from €108,870 to €234,665
- Taxes +€37,040
up €37,040 (+331%), from €11,181 to €48,221
- Other operating charges +€8,492
up €8,492 (+35.9%), from €23,680 to €32,172
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 | €1,791,377 | €1,707,743 | -€83,634 | -4.7% |
| Fixed assets | 21/28 | €1,306,633 | €1,260,920 | -€45,714 | -3.5% |
| Tangible fixed assets | 22/27 | €507,118 | €461,405 | -€45,714 | -9.0% |
| Land and buildings | 22 | €496,882 | €452,461 | -€44,421 | -8.9% |
| Plant, machinery and equipment | 23 | €9,591 | €8,428 | -€1,162 | -12.1% |
| Furniture and vehicles | 24 | €645 | €515 | -€130 | -20.2% |
| Financial fixed assets | 28 | €799,515 | €799,515 | = | 0.0% |
| Current assets | 29/58 | €484,744 | €446,824 | -€37,920 | -7.8% |
| Amounts receivable within one year | 40/41 | €79,592 | €60,726 | -€18,865 | -23.7% |
| Trade receivables | 40 | €19,422 | €10,057 | -€9,365 | -48.2% |
| Other amounts receivable | 41 | €60,170 | €50,670 | -€9,500 | -15.8% |
| Cash at bank and in hand | 54/58 | €389,932 | €386,097 | -€3,834 | -1.0% |
| Deferred charges and accrued income | 490/1 | €15,220 | €0 | -€15,220 | -100% |
| Total equity and liabilities | 10/49 | €1,791,377 | €1,707,743 | -€83,634 | -4.7% |
| Equity | 10/15 | €1,768,739 | €1,672,193 | -€96,546 | -5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,762,539 | €1,665,993 | -€96,546 | -5.5% |
| Distributable reserves | 133 | €1,762,539 | €1,665,993 | -€96,546 | -5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,638 | €35,550 | +€12,912 | +57.0% |
| Amounts payable within one year | 42/48 | €22,638 | €35,550 | +€12,912 | +57.0% |
| Trade debts | 44 | €2,996 | €4,069 | +€1,073 | +35.8% |
| Suppliers | 440/4 | €2,996 | €4,069 | +€1,073 | +35.8% |
| Taxes, remuneration and social security | 45 | €8,793 | €18,845 | +€10,052 | +114% |
| Taxes | 450/3 | €3,713 | €11,026 | +€7,312 | +197% |
| Remuneration and social security | 454/9 | €5,080 | €7,819 | +€2,740 | +53.9% |
| Other amounts payable | 47/48 | €10,849 | €12,636 | +€1,787 | +16.5% |
| Non-recurring operating income | 76A | €0 | €4,977 | +€4,977 | |
| Remuneration, social security and pensions | 62 | €1,591 | €170 | -€1,421 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,312 | €48,277 | -€35 | -0.1% |
| Other operating charges | 640/8 | €23,680 | €32,172 | +€8,492 | +35.9% |
| Gross operating margin | 9900 | €108,870 | €234,665 | +€125,795 | +116% |
| Operating profit (loss) | 9901 | €35,288 | €154,047 | +€118,759 | +337% |
| Financial income | 75/76B | €2,948 | €942 | -€2,006 | -68.1% |
| Recurring financial income | 75 | €2,948 | €942 | -€2,006 | -68.1% |
| Financial charges | 65/66B | €4,198 | €3,313 | -€884 | -21.1% |
| Recurring financial charges | 65 | €4,198 | €3,313 | -€884 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €34,039 | €151,675 | +€117,636 | +346% |
| Income taxes | 67/77 | €11,181 | €48,221 | +€37,040 | +331% |
| Profit (loss) for the period | 9904 | €22,858 | €103,454 | +€80,597 | +353% |
| Profit (loss) for the period to be appropriated | 9905 | €22,858 | €103,454 | +€80,597 | +353% |
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 15 October 2026 via checked.be.