ALMAPANA: 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.
ALMAPANA
Largest movements
- Cash -€308,966
down €308,966 (-75.6%), from €408,530 to €99,564
mainly Net result for the year (-€194,854) and Receivables within one year (-€111,477)
- Receivables within one year +€111,477
up €111,477 (+140.4%), from €79,375 to €190,852
of which Other amounts receivable: +€109,288
- Tangible fixed assets -€26,096
down €26,096 (-57.3%), from €45,573 to €19,477
- Profit (loss) carried forward -€194,854
down €194,854, from €18,785 to -€176,069
- Current portion of long-term debt -€27,490
no longer reported in 2025 (was €27,490)
- Financial income -€487,600
no longer reported in 2025 (was €487,600)
of which Financial income: -€487,600
- Taxes -€28,685
no longer reported in 2025 (was €28,685)
- Gross operating margin -€15,481
down €15,481 (-10.5%), from -€146,904 to -€162,384
- Depreciation -€3,696
down €3,696 (-11.9%), from €31,103 to €27,407
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 | €536,512 | €313,138 | -€223,374 | -41.6% |
| Fixed assets | 21/28 | €45,645 | €19,477 | -€26,168 | -57.3% |
| Tangible fixed assets | 22/27 | €45,573 | €19,477 | -€26,096 | -57.3% |
| Furniture and vehicles | 24 | €45,573 | €19,477 | -€26,096 | -57.3% |
| Financial fixed assets | 28 | €72 | - | -€72 | |
| Current assets | 29/58 | €490,867 | €293,661 | -€197,207 | -40.2% |
| Amounts receivable within one year | 40/41 | €79,375 | €190,852 | +€111,477 | +140.4% |
| Trade receivables | 40 | €2,511 | €4,700 | +€2,189 | +87.2% |
| Other amounts receivable | 41 | €76,864 | €186,152 | +€109,288 | +142.2% |
| Cash at bank and in hand | 54/58 | €408,530 | €99,564 | -€308,966 | -75.6% |
| Deferred charges and accrued income | 490/1 | €2,962 | €3,245 | +€283 | +9.5% |
| Total equity and liabilities | 10/49 | €536,512 | €313,138 | -€223,374 | -41.6% |
| Equity | 10/15 | €503,774 | €308,920 | -€194,854 | -38.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €464,529 | €464,529 | = | 0.0% |
| Distributable reserves | 133 | €464,529 | €464,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,785 | -€176,069 | -€194,854 | |
| Amounts payable | 17/49 | €32,738 | €4,218 | -€28,520 | -87.1% |
| Amounts payable within one year | 42/48 | €32,712 | €4,192 | -€28,520 | -87.2% |
| Current portion of amounts payable after more than one year | 42 | €27,490 | - | -€27,490 | |
| Trade debts | 44 | €5,208 | €4,192 | -€1,016 | -19.5% |
| Suppliers | 440/4 | €5,208 | €4,192 | -€1,016 | -19.5% |
| Taxes, remuneration and social security | 45 | €15 | - | -€15 | |
| Taxes | 450/3 | €15 | - | -€15 | |
| Accrued charges and deferred income | 492/3 | €26 | €26 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,103 | €27,407 | -€3,696 | -11.9% |
| Other operating charges | 640/8 | €4,497 | €4,410 | -€87 | -1.9% |
| Gross operating margin | 9900 | -€146,904 | -€162,384 | -€15,481 | -10.5% |
| Operating profit (loss) | 9901 | -€182,503 | -€194,200 | -€11,697 | -6.4% |
| Financial income | 75/76B | €487,600 | - | -€487,600 | |
| Recurring financial income | 75 | €487,600 | - | -€487,600 | |
| Non-recurring financial income | 76B | €487,600 | - | -€487,600 | |
| Financial charges | 65/66B | €1,443 | €654 | -€789 | -54.7% |
| Recurring financial charges | 65 | €1,443 | €654 | -€789 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €303,654 | -€194,854 | -€498,508 | |
| Income taxes | 67/77 | €28,685 | - | -€28,685 | |
| Profit (loss) for the period | 9904 | €274,969 | -€194,854 | -€469,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €274,969 | -€194,854 | -€469,823 |
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 3 October 2026 via checked.be.