ALMAGHREB-TV: 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.
ALMAGHREB-TV
Largest movements
- Receivables within one year -€117,517
down €117,517 (-45.3%), from €259,492 to €141,976
of which Trade receivables: -€136,563
- Cash +€83,981
up €83,981 (+1,188%), from €7,069 to €91,049
mainly Receivables within one year (+€117,517) and Depreciation (+€18,657)
- Tangible fixed assets -€18,657
down €18,657 (-31.5%), from €59,255 to €40,598
- Current portion of long-term debt -€22,459
down €22,459 (-98.5%), from €22,801 to €342
- Trade debts -€22,085
down €22,085 (-95.9%), from €23,018 to €933
- Profit (loss) carried forward -€5,103
down €5,103 (-2.4%), from €210,510 to €205,408
- Gross operating margin -€85,655
down €85,655 (-47.9%), from €178,982 to €93,327
- Taxes -€19,500
down €19,500 (-76.5%), from €25,500 to €6,000
- Staff costs -€8,402
down €8,402 (-10.4%), from €80,429 to €72,027
- Other operating charges -€3,174
down €3,174 (-54.4%), from €5,832 to €2,658
- Financial charges -€2,395
down €2,395 (-84.1%), from €2,847 to €452
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 | €325,816 | €273,623 | -€52,193 | -16.0% |
| Fixed assets | 21/28 | €59,255 | €40,598 | -€18,657 | -31.5% |
| Tangible fixed assets | 22/27 | €59,255 | €40,598 | -€18,657 | -31.5% |
| Furniture and vehicles | 24 | €59,255 | €40,598 | -€18,657 | -31.5% |
| Current assets | 29/58 | €266,561 | €233,025 | -€33,536 | -12.6% |
| Amounts receivable within one year | 40/41 | €259,492 | €141,976 | -€117,517 | -45.3% |
| Trade receivables | 40 | €240,904 | €104,341 | -€136,563 | -56.7% |
| Other amounts receivable | 41 | €18,588 | €37,634 | +€19,046 | +102% |
| Cash at bank and in hand | 54/58 | €7,069 | €91,049 | +€83,981 | +1,188% |
| Total equity and liabilities | 10/49 | €325,816 | €273,623 | -€52,193 | -16.0% |
| Equity | 10/15 | €213,510 | €208,408 | -€5,103 | -2.4% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,510 | €205,408 | -€5,103 | -2.4% |
| Amounts payable | 17/49 | €112,306 | €65,215 | -€47,090 | -41.9% |
| Amounts payable after more than one year | 17 | €26,152 | €26,152 | = | 0.0% |
| Financial debts | 170/4 | €26,152 | €26,152 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,154 | €39,064 | -€47,090 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €22,801 | €342 | -€22,459 | -98.5% |
| Trade debts | 44 | €23,018 | €933 | -€22,085 | -95.9% |
| Suppliers | 440/4 | €23,018 | €933 | -€22,085 | -95.9% |
| Taxes, remuneration and social security | 45 | €40,335 | €37,789 | -€2,546 | -6.3% |
| Taxes | 450/3 | €4,986 | €21,526 | +€16,541 | +332% |
| Remuneration and social security | 454/9 | €35,349 | €16,262 | -€19,087 | -54.0% |
| Remuneration, social security and pensions | 62 | €80,429 | €72,027 | -€8,402 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,911 | €18,657 | +€1,747 | +10.3% |
| Other operating charges | 640/8 | €5,832 | €2,658 | -€3,174 | -54.4% |
| Gross operating margin | 9900 | €178,982 | €93,327 | -€85,655 | -47.9% |
| Operating profit (loss) | 9901 | €75,811 | -€15 | -€75,826 | |
| Financial income | 75/76B | €0 | €1,365 | +€1,364 | +852,781% |
| Recurring financial income | 75 | €0 | €1,365 | +€1,364 | +852,781% |
| Financial charges | 65/66B | €2,847 | €452 | -€2,395 | -84.1% |
| Recurring financial charges | 65 | €2,847 | €452 | -€2,395 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | €72,964 | €897 | -€72,067 | -98.8% |
| Income taxes | 67/77 | €25,500 | €6,000 | -€19,500 | -76.5% |
| Profit (loss) for the period | 9904 | €47,464 | -€5,103 | -€52,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,464 | -€5,103 | -€52,567 |
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 22 October 2026 via checked.be.