ALMADIUS: what changed
ALMADIUS
Largest movements
- Receivables within one year +€188,128
up €188,128 (+44.3%), from €424,871 to €612,999
of which Trade receivables: +€219,461
- Cash +€99,222
up €99,222 (+71.6%), from €138,506 to €237,729
mainly Net result for the year (+€165,580) and Other debts (+€100,000)
- Tangible fixed assets -€20,019
down €20,019 (-18.3%), from €109,331 to €89,312
- Other debts +€100,000
up €100,000 (+14,577%), from €686 to €100,686
- Tax, wage and social debts +€83,122
up €83,122 (+132%), from €63,202 to €146,324
of which Taxes: +€53,699
- Profit (loss) carried forward +€65,580
up €65,580 (+24.2%), from €271,278 to €336,858
- Trade debts +€22,912
up €22,912 (+7.5%), from €304,066 to €326,978
- Gross operating margin +€288,819
up €288,819 (+83.1%), from €347,715 to €636,534
- Taxes +€60,390
up €60,390 (+12,773%), from €473 to €60,862
- Other operating charges +€12,436
up €12,436 (+133%), from €9,346 to €21,782
- Staff costs +€6,699
up €6,699 (+1.9%), from €353,030 to €359,728
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €677,002 | €944,007 | +€267,005 | +39.4% |
| Fixed assets | 21/28 | €113,298 | €93,279 | -€20,019 | -17.7% |
| Tangible fixed assets | 22/27 | €109,331 | €89,312 | -€20,019 | -18.3% |
| Land and buildings | 22 | €56,492 | €52,083 | -€4,409 | -7.8% |
| Plant, machinery and equipment | 23 | €20,806 | €13,937 | -€6,869 | -33.0% |
| Furniture and vehicles | 24 | €32,033 | €23,293 | -€8,741 | -27.3% |
| Financial fixed assets | 28 | €3,967 | €3,967 | = | 0.0% |
| Current assets | 29/58 | €563,704 | €850,728 | +€287,024 | +50.9% |
| Amounts receivable within one year | 40/41 | €424,871 | €612,999 | +€188,128 | +44.3% |
| Trade receivables | 40 | €321,995 | €541,456 | +€219,461 | +68.2% |
| Other amounts receivable | 41 | €102,876 | €71,543 | -€31,334 | -30.5% |
| Cash at bank and in hand | 54/58 | €138,506 | €237,729 | +€99,222 | +71.6% |
| Deferred charges and accrued income | 490/1 | €326 | - | -€326 | |
| Total equity and liabilities | 10/49 | €677,002 | €944,007 | +€267,005 | +39.4% |
| Equity | 10/15 | €288,278 | €353,858 | +€65,580 | +22.7% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,278 | €336,858 | +€65,580 | +24.2% |
| Amounts payable | 17/49 | €388,723 | €590,148 | +€201,425 | +51.8% |
| Amounts payable after more than one year | 17 | €11,957 | €6,940 | -€5,016 | -42.0% |
| Financial debts | 170/4 | €11,957 | €6,940 | -€5,016 | -42.0% |
| Amounts payable within one year | 42/48 | €376,767 | €583,208 | +€206,441 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €8,813 | €9,220 | +€408 | +4.6% |
| Trade debts | 44 | €304,066 | €326,978 | +€22,912 | +7.5% |
| Suppliers | 440/4 | €304,066 | €326,978 | +€22,912 | +7.5% |
| Taxes, remuneration and social security | 45 | €63,202 | €146,324 | +€83,122 | +132% |
| Taxes | 450/3 | €19,932 | €73,630 | +€53,699 | +269% |
| Remuneration and social security | 454/9 | €43,270 | €72,693 | +€29,423 | +68.0% |
| Other amounts payable | 47/48 | €686 | €100,686 | +€100,000 | +14,577% |
| Remuneration, social security and pensions | 62 | €353,030 | €359,728 | +€6,699 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,556 | €22,434 | -€1,122 | -4.8% |
| Other operating charges | 640/8 | €9,346 | €21,782 | +€12,436 | +133% |
| Gross operating margin | 9900 | €347,715 | €636,534 | +€288,819 | +83.1% |
| Operating profit (loss) | 9901 | -€38,217 | €232,589 | +€270,806 | |
| Financial income | 75/76B | - | €176 | +€176 | |
| Recurring financial income | 75 | - | €176 | +€176 | |
| Financial charges | 65/66B | €4,295 | €6,323 | +€2,028 | +47.2% |
| Recurring financial charges | 65 | €4,295 | €6,323 | +€2,028 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,511 | €226,442 | +€268,954 | |
| Income taxes | 67/77 | €473 | €60,862 | +€60,390 | +12,773% |
| Profit (loss) for the period | 9904 | -€42,984 | €165,580 | +€208,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,984 | €165,580 | +€208,564 |
Next steps
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 8 November 2026 via checked.be.