ALMAPHARMA: 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.
ALMAPHARMA
Largest movements
- Tangible fixed assets +€105,518
up €105,518 (+1135.5%), from €9,293 to €114,811
of which Land and buildings: +€103,937
- Receivables within one year +€91,569
up €91,569 (+72.8%), from €125,789 to €217,358
of which Trade receivables: +€91,931
- Financial fixed assets -€67,858
down €67,858 (-100.0%), from €67,858 to €0
- Stocks and contracts +€7,853
up €7,853 (+6.9%), from €113,342 to €121,194
- Debts after one year +€67,062
new in 2025: €67,062
- Trade debts +€58,298
up €58,298 (+186.4%), from €31,280 to €89,578
- Reserves +€28,500
up €28,500 (+13.7%), from €207,481 to €235,981
of which Distributable reserves: +€28,500
- Tax, wage and social debts -€9,939
down €9,939 (-21.3%), from €46,593 to €36,655
of which Remuneration and social security: -€6,575
- Other debts -€7,046
down €7,046 (-9.6%), from €73,053 to €66,007
- Depreciation +€18,640
up €18,640 (+1108.2%), from €1,682 to €20,322
- Gross operating margin +€15,740
up €15,740 (+7.6%), from €208,214 to €223,954
- Financial income -€13,164
down €13,164 (-94.2%), from €13,972 to €808
of which Non-recurring financial income: -€12,706
- Staff costs +€5,798
up €5,798 (+3.7%), from €155,104 to €160,902
- Taxes -€5,563
down €5,563 (-33.0%), from €16,860 to €11,296
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 | €378,917 | €515,565 | +€136,648 | +36.1% |
| Fixed assets | 21/28 | €77,151 | €114,811 | +€37,660 | +48.8% |
| Tangible fixed assets | 22/27 | €9,293 | €114,811 | +€105,518 | +1135.5% |
| Land and buildings | 22 | €4,958 | €108,895 | +€103,937 | +2096.4% |
| Plant, machinery and equipment | 23 | €101 | €3,451 | +€3,350 | +3303.9% |
| Furniture and vehicles | 24 | €2,825 | €2,465 | -€359 | -12.7% |
| Assets under construction and advance payments | 27 | €1,409 | €0 | -€1,409 | -100.0% |
| Financial fixed assets | 28 | €67,858 | €0 | -€67,858 | -100.0% |
| Current assets | 29/58 | €301,766 | €400,753 | +€98,988 | +32.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €113,342 | €121,194 | +€7,853 | +6.9% |
| Stocks | 30/36 | €113,342 | €121,194 | +€7,853 | +6.9% |
| Amounts receivable within one year | 40/41 | €125,789 | €217,358 | +€91,569 | +72.8% |
| Trade receivables | 40 | €121,023 | €212,954 | +€91,931 | +76.0% |
| Other amounts receivable | 41 | €4,766 | €4,404 | -€362 | -7.6% |
| Cash at bank and in hand | 54/58 | €56,971 | €61,642 | +€4,671 | +8.2% |
| Deferred charges and accrued income | 490/1 | €5,664 | €559 | -€5,105 | -90.1% |
| Total equity and liabilities | 10/49 | €378,917 | €515,565 | +€136,648 | +36.1% |
| Equity | 10/15 | €227,991 | €256,263 | +€28,272 | +12.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €207,481 | €235,981 | +€28,500 | +13.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,331 | €9,331 | = | 0.0% |
| Distributable reserves | 133 | €198,150 | €226,650 | +€28,500 | +14.4% |
| Profit (loss) carried forward | 14 | €510 | €282 | -€228 | -44.7% |
| Amounts payable | 17/49 | €150,926 | €259,302 | +€108,376 | +71.8% |
| Amounts payable after more than one year | 17 | - | €67,062 | +€67,062 | |
| Other amounts payable | 178/9 | - | €67,062 | +€67,062 | |
| Amounts payable within one year | 42/48 | €150,926 | €192,240 | +€41,313 | +27.4% |
| Trade debts | 44 | €31,280 | €89,578 | +€58,298 | +186.4% |
| Suppliers | 440/4 | €31,280 | €89,578 | +€58,298 | +186.4% |
| Taxes, remuneration and social security | 45 | €46,593 | €36,655 | -€9,939 | -21.3% |
| Taxes | 450/3 | €12,757 | €9,393 | -€3,364 | -26.4% |
| Remuneration and social security | 454/9 | €33,836 | €27,262 | -€6,575 | -19.4% |
| Other amounts payable | 47/48 | €73,053 | €66,007 | -€7,046 | -9.6% |
| Remuneration, social security and pensions | 62 | €155,104 | €160,902 | +€5,798 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,682 | €20,322 | +€18,640 | +1108.2% |
| Other operating charges | 640/8 | €3,239 | €3,286 | +€47 | +1.5% |
| Gross operating margin | 9900 | €208,214 | €223,954 | +€15,740 | +7.6% |
| Operating profit (loss) | 9901 | €48,189 | €39,444 | -€8,745 | -18.1% |
| Financial income | 75/76B | €13,972 | €808 | -€13,164 | -94.2% |
| Recurring financial income | 75 | €1,267 | €808 | -€459 | -36.2% |
| Non-recurring financial income | 76B | €12,706 | €0 | -€12,706 | -100.0% |
| Financial charges | 65/66B | €716 | €684 | -€32 | -4.4% |
| Recurring financial charges | 65 | €716 | €684 | -€32 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €61,446 | €39,568 | -€21,878 | -35.6% |
| Income taxes | 67/77 | €16,860 | €11,296 | -€5,563 | -33.0% |
| Profit (loss) for the period | 9904 | €44,586 | €28,272 | -€16,314 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,586 | €28,272 | -€16,314 | -36.6% |
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.