ALMAFI: 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.
ALMAFI
Largest movements
- Cash +€17,108
up €17,108 (+49.6%), from €34,467 to €51,575
mainly Net result for the year (+€27,936) and Trade debts (+€18,771)
- Receivables within one year -€8,417
down €8,417 (-66.4%), from €12,677 to €4,259
of which Other amounts receivable: -€8,136
- Formation expenses -€1,869
down €1,869 (-15.8%), from €11,848 to €9,979
- Other debts -€57,605
down €57,605 (-64.8%), from €88,859 to €31,254
- Profit (loss) carried forward +€27,936
up €27,936 (+67.8%), from €41,226 to €69,161
- Trade debts +€18,771
up €18,771 (+376%), from €4,989 to €23,760
- Tax, wage and social debts +€16,406
up €16,406 (+295%), from €5,558 to €21,963
of which Remuneration and social security: +€10,000
- Gross operating margin +€25,284
up €25,284 (+148%), from €17,134 to €42,418
- Taxes +€6,351
up €6,351 (+227%), from €2,800 to €9,151
- Depreciation -€482
down €482 (-12.5%), from €3,846 to €3,365
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 | €161,092 | €166,598 | +€5,507 | +3.4% |
| Formation expenses | 20 | €11,848 | €9,979 | -€1,869 | -15.8% |
| Fixed assets | 21/28 | €100,839 | €100,436 | -€403 | -0.4% |
| Tangible fixed assets | 22/27 | €100,839 | €100,436 | -€403 | -0.4% |
| Land and buildings | 22 | €99,210 | €99,210 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,629 | €1,226 | -€403 | -24.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €48,405 | €56,183 | +€7,778 | +16.1% |
| Stocks and contracts in progress | 3 | €513 | €349 | -€164 | -31.9% |
| Stocks | 30/36 | €513 | €349 | -€164 | -31.9% |
| Amounts receivable within one year | 40/41 | €12,677 | €4,259 | -€8,417 | -66.4% |
| Trade receivables | 40 | €343 | €61 | -€281 | -82.1% |
| Other amounts receivable | 41 | €12,334 | €4,198 | -€8,136 | -66.0% |
| Cash at bank and in hand | 54/58 | €34,467 | €51,575 | +€17,108 | +49.6% |
| Deferred charges and accrued income | 490/1 | €748 | €0 | -€748 | -100% |
| Total equity and liabilities | 10/49 | €161,092 | €166,598 | +€5,507 | +3.4% |
| Equity | 10/15 | €61,686 | €89,621 | +€27,936 | +45.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,226 | €69,161 | +€27,936 | +67.8% |
| Amounts payable | 17/49 | €99,406 | €76,977 | -€22,429 | -22.6% |
| Amounts payable within one year | 42/48 | €99,406 | €76,977 | -€22,429 | -22.6% |
| Trade debts | 44 | €4,989 | €23,760 | +€18,771 | +376% |
| Suppliers | 440/4 | €4,989 | €23,760 | +€18,771 | +376% |
| Taxes, remuneration and social security | 45 | €5,558 | €21,963 | +€16,406 | +295% |
| Taxes | 450/3 | €5,558 | €11,963 | +€6,406 | +115% |
| Remuneration and social security | 454/9 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €88,859 | €31,254 | -€57,605 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,846 | €3,365 | -€482 | -12.5% |
| Other operating charges | 640/8 | €846 | €833 | -€13 | -1.5% |
| Gross operating margin | 9900 | €17,134 | €42,418 | +€25,284 | +148% |
| Operating profit (loss) | 9901 | €12,441 | €38,220 | +€25,779 | +207% |
| Financial income | 75/76B | €1 | €1 | +€0 | +50.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +50.0% |
| Financial charges | 65/66B | €1,028 | €1,134 | +€106 | +10.3% |
| Recurring financial charges | 65 | €1,028 | €1,134 | +€106 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €11,414 | €37,087 | +€25,673 | +225% |
| Income taxes | 67/77 | €2,800 | €9,151 | +€6,351 | +227% |
| Profit (loss) for the period | 9904 | €8,614 | €27,936 | +€19,322 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €8,614 | €27,936 | +€19,322 | +224% |
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 29 October 2026 via checked.be.