ALMALU: what changed
Two fiscal 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.
ALMALU
Largest movements
- Receivables within one year -€54,319
down €54,319 (-9.5%), from €571,206 to €516,887
of which Other amounts receivable: -€104,831
- Debts after one year -€60,384
down €60,384 (-6.2%), from €967,652 to €907,268
of which Other amounts payable: -€50,000
- Financial income -€380,000
no longer reported in 2025 (was €380,000)
- Gross operating margin +€9,663
up €9,663 (+181.7%), from €5,317 to €14,980
- Taxes +€1,922
up €1,922 (+242.7%), from €792 to €2,714
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.
Cash bridge derived
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 | €4,592,380 | €4,549,544 | -€42,836 | -0.9% |
| Fixed assets | 21/28 | €4,002,333 | €4,002,333 | = | 0.0% |
| Financial fixed assets | 28 | €4,002,333 | €4,002,333 | = | 0.0% |
| Current assets | 29/58 | €590,046 | €547,211 | -€42,836 | -7.3% |
| Amounts receivable within one year | 40/41 | €571,206 | €516,887 | -€54,319 | -9.5% |
| Trade receivables | 40 | €82,081 | €132,593 | +€50,511 | +61.5% |
| Other amounts receivable | 41 | €489,125 | €384,294 | -€104,831 | -21.4% |
| Cash at bank and in hand | 54/58 | €18,840 | €30,324 | +€11,484 | +61.0% |
| Total equity and liabilities | 10/49 | €4,592,380 | €4,549,544 | -€42,836 | -0.9% |
| Equity | 10/15 | €3,624,728 | €3,635,584 | +€10,856 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €12,720 | €12,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,260 | €1,260 | = | 0.0% |
| Other | 1319 | €1,260 | €1,260 | = | 0.0% |
| Distributable reserves | 133 | €11,460 | €11,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,599,608 | €3,610,464 | +€10,856 | +0.3% |
| Amounts payable | 17/49 | €967,652 | €913,961 | -€53,691 | -5.5% |
| Amounts payable after more than one year | 17 | €967,652 | €907,268 | -€60,384 | -6.2% |
| Financial debts | 170/4 | €589,652 | €579,268 | -€10,384 | -1.8% |
| Other amounts payable | 178/9 | €378,000 | €328,000 | -€50,000 | -13.2% |
| Amounts payable within one year | 42/48 | - | €6,692 | +€6,692 | |
| Trade debts | 44 | - | €21 | +€21 | |
| Suppliers | 440/4 | - | €21 | +€21 | |
| Advances received on contracts in progress | 46 | - | €6,671 | +€6,671 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €5,317 | €14,980 | +€9,663 | +181.7% |
| Operating profit (loss) | 9901 | €4,232 | €13,862 | +€9,630 | +227.6% |
| Financial income | 75/76B | €380,000 | - | -€380,000 | |
| Recurring financial income | 75 | €380,000 | - | -€380,000 | |
| Financial charges | 65/66B | €272 | €292 | +€20 | +7.3% |
| Recurring financial charges | 65 | €272 | €292 | +€20 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €383,960 | €13,570 | -€370,390 | -96.5% |
| Income taxes | 67/77 | €792 | €2,714 | +€1,922 | +242.7% |
| Profit (loss) for the period | 9904 | €383,168 | €10,856 | -€372,312 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €383,168 | €10,856 | -€372,312 | -97.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.