ALMARCO: 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.
ALMARCO
Largest movements
- Tangible fixed assets +€73,093
up €73,093 (+18.7%), from €390,907 to €464,000
- Receivables within one year -€67,500
down €67,500 (-42.3%), from €159,561 to €92,061
- Other debts +€65,495
up €65,495 (+1,005%), from €6,517 to €72,012
- Debts after one year -€32,500
down €32,500 (-19.2%), from €169,649 to €137,149
- Profit (loss) carried forward -€30,229
down €30,229 (-11.7%), from -€259,378 to -€289,607
- Other operating charges +€48,357
up €48,357 (+1,483%), from €3,261 to €51,618
- Taxes -€18,379
no longer reported in 2025 (was €18,379)
- Financial charges +€16,591
up €16,591 (+595%), from €2,786 to €19,378
- Gross operating margin -€8,844
down €8,844 (-12.5%), from €70,563 to €61,719
- Depreciation +€4,702
up €4,702 (+28.9%), from €16,250 to €20,952
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 | €562,177 | €565,801 | +€3,624 | +0.6% |
| Fixed assets | 21/28 | €390,907 | €464,000 | +€73,093 | +18.7% |
| Tangible fixed assets | 22/27 | €390,907 | €464,000 | +€73,093 | +18.7% |
| Land and buildings | 22 | €390,907 | €464,000 | +€73,093 | +18.7% |
| Current assets | 29/58 | €171,270 | €101,801 | -€69,469 | -40.6% |
| Amounts receivable after more than one year | 29 | €143 | €143 | = | 0.0% |
| Other amounts receivable | 291 | €143 | €143 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €159,561 | €92,061 | -€67,500 | -42.3% |
| Other amounts receivable | 41 | €159,561 | €92,061 | -€67,500 | -42.3% |
| Cash at bank and in hand | 54/58 | €9,683 | €7,714 | -€1,969 | -20.3% |
| Deferred charges and accrued income | 490/1 | €1,883 | €1,883 | = | 0.0% |
| Total equity and liabilities | 10/49 | €562,177 | €565,801 | +€3,624 | +0.6% |
| Equity | 10/15 | €308,487 | €275,058 | -€33,429 | -10.8% |
| Contributions | 10/11 | €37,087 | €37,087 | = | 0.0% |
| Revaluation surpluses | 12 | €327,455 | €327,455 | = | 0.0% |
| Reserves | 13 | €203,323 | €200,123 | -€3,200 | -1.6% |
| Tax-exempt reserves | 132 | €339 | €339 | = | 0.0% |
| Distributable reserves | 133 | €202,983 | €199,783 | -€3,200 | -1.6% |
| Profit (loss) carried forward | 14 | -€259,378 | -€289,607 | -€30,229 | -11.7% |
| Amounts payable | 17/49 | €253,690 | €290,742 | +€37,053 | +14.6% |
| Amounts payable after more than one year | 17 | €169,649 | €137,149 | -€32,500 | -19.2% |
| Financial debts | 170/4 | €169,649 | €137,149 | -€32,500 | -19.2% |
| Amounts payable within one year | 42/48 | €76,414 | €145,575 | +€69,161 | +90.5% |
| Current portion of amounts payable after more than one year | 42 | €32,500 | €32,500 | = | 0.0% |
| Trade debts | 44 | €8,068 | €9,434 | +€1,365 | +16.9% |
| Suppliers | 440/4 | €8,068 | €9,434 | +€1,365 | +16.9% |
| Taxes, remuneration and social security | 45 | €29,329 | €31,629 | +€2,300 | +7.8% |
| Taxes | 450/3 | €29,329 | €31,629 | +€2,300 | +7.8% |
| Other amounts payable | 47/48 | €6,517 | €72,012 | +€65,495 | +1,005% |
| Accrued charges and deferred income | 492/3 | €7,626 | €8,018 | +€392 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,250 | €20,952 | +€4,702 | +28.9% |
| Other operating charges | 640/8 | €3,261 | €51,618 | +€48,357 | +1,483% |
| Gross operating margin | 9900 | €70,563 | €61,719 | -€8,844 | -12.5% |
| Operating profit (loss) | 9901 | €51,052 | -€10,851 | -€61,903 | |
| Financial income | 75/76B | €3,573 | - | -€3,573 | |
| Recurring financial income | 75 | €3,573 | - | -€3,573 | |
| Financial charges | 65/66B | €2,786 | €19,378 | +€16,591 | +595% |
| Recurring financial charges | 65 | €2,786 | €19,378 | +€16,591 | +595% |
| Profit (loss) for the period before taxes | 9903 | €51,838 | -€30,229 | -€82,067 | |
| Income taxes | 67/77 | €18,379 | - | -€18,379 | |
| Profit (loss) for the period | 9904 | €33,460 | -€30,229 | -€63,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,460 | -€30,229 | -€63,689 |
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 23 October 2026 via checked.be.