Alman: 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.
Alman
Largest movements
- Cash +€17,062
up €17,062 (+19.9%), from €85,673 to €102,734
mainly Depreciation (+€14,528) and Net result for the year (+€11,096)
- Tangible fixed assets -€14,528
down €14,528 (-77.2%), from €18,825 to €4,297
- Receivables within one year -€2,361
down €2,361 (-96.0%), from €2,458 to €97
of which Trade receivables: -€2,264
- Reserves +€11,096
up €11,096 (+7.3%), from €151,905 to €163,001
- Current portion of long-term debt -€7,674
down €7,674 (-74.8%), from €10,264 to €2,590
- Debts after one year -€2,590
no longer reported in 2025 (was €2,590)
- Other debts -€2,170
down €2,170 (-84.9%), from €2,554 to €384
- Gross operating margin -€3,088
down €3,088 (-8.9%), from €34,714 to €31,626
- Taxes +€1,779
up €1,779 (+41.4%), from €4,301 to €6,080
- Financial charges -€1,226
down €1,226 (-67.1%), from €1,828 to €602
- Financial income +€1,075
up €1,075 (+860.9%), from €125 to €1,200
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 | €169,387 | €169,857 | +€470 | +0.3% |
| Fixed assets | 21/28 | €18,825 | €4,297 | -€14,528 | -77.2% |
| Tangible fixed assets | 22/27 | €18,825 | €4,297 | -€14,528 | -77.2% |
| Furniture and vehicles | 24 | €18,825 | €4,297 | -€14,528 | -77.2% |
| Current assets | 29/58 | €150,562 | €165,560 | +€14,998 | +10.0% |
| Amounts receivable after more than one year | 29 | €61,000 | €61,000 | = | 0.0% |
| Other amounts receivable | 291 | €61,000 | €61,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,458 | €97 | -€2,361 | -96.0% |
| Trade receivables | 40 | €2,264 | - | -€2,264 | |
| Other amounts receivable | 41 | €194 | €97 | -€97 | -49.9% |
| Cash at bank and in hand | 54/58 | €85,673 | €102,734 | +€17,062 | +19.9% |
| Deferred charges and accrued income | 490/1 | €1,432 | €1,728 | +€297 | +20.7% |
| Total equity and liabilities | 10/49 | €169,387 | €169,857 | +€470 | +0.3% |
| Equity | 10/15 | €151,905 | €163,001 | +€11,096 | +7.3% |
| Reserves | 13 | €151,905 | €163,001 | +€11,096 | +7.3% |
| Distributable reserves | 133 | €151,905 | €163,001 | +€11,096 | +7.3% |
| Amounts payable | 17/49 | €17,482 | €6,856 | -€10,626 | -60.8% |
| Amounts payable after more than one year | 17 | €2,590 | - | -€2,590 | |
| Financial debts | 170/4 | €2,590 | - | -€2,590 | |
| Amounts payable within one year | 42/48 | €14,892 | €6,856 | -€8,036 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €10,264 | €2,590 | -€7,674 | -74.8% |
| Trade debts | 44 | €273 | €1,764 | +€1,491 | +546.8% |
| Suppliers | 440/4 | €273 | €1,764 | +€1,491 | +546.8% |
| Taxes, remuneration and social security | 45 | €1,801 | €2,118 | +€316 | +17.6% |
| Taxes | 450/3 | €1,801 | €2,118 | +€316 | +17.6% |
| Other amounts payable | 47/48 | €2,554 | €384 | -€2,170 | -84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,542 | €14,528 | -€14 | -0.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €34,714 | €31,626 | -€3,088 | -8.9% |
| Operating profit (loss) | 9901 | €19,667 | €16,578 | -€3,089 | -15.7% |
| Financial income | 75/76B | €125 | €1,200 | +€1,075 | +860.9% |
| Recurring financial income | 75 | €125 | €1,200 | +€1,075 | +860.9% |
| Financial charges | 65/66B | €1,828 | €602 | -€1,226 | -67.1% |
| Recurring financial charges | 65 | €1,828 | €602 | -€1,226 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €17,964 | €17,176 | -€787 | -4.4% |
| Income taxes | 67/77 | €4,301 | €6,080 | +€1,779 | +41.4% |
| Profit (loss) for the period | 9904 | €13,662 | €11,096 | -€2,566 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,662 | €11,096 | -€2,566 | -18.8% |
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 11 October 2026 via checked.be.