ALMARON: 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.
ALMARON
Largest movements
- Cash +€1.4m
up €1.4m (+740.2%), from €183,177 to €1.5m
mainly Current investments (+€1.3m) and Net result for the year (+€190,499)
- Current investments -€1.3m
down €1.3m (-16.0%), from €7.9m to €6.6m
- Profit (loss) carried forward +€190,499
up €190,499 (+1.8%), from €10.6m to €10.8m
- Financial income +€80,420
up €80,420 (+26.6%), from €302,035 to €382,455
of which Financial income: +€64,461
- Taxes +€19,614
up €19,614 (+38.5%), from €50,907 to €70,521
- Financial charges +€11,814
up €11,814 (+17.6%), from €67,179 to €78,993
of which Non-recurring financial charges: +€31,982
- Gross operating margin +€5,068
up €5,068 (+14.6%), from -€34,665 to -€29,597
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 | €11,815,000 | €11,995,523 | +€180,522 | +1.5% |
| Fixed assets | 21/28 | €1,658,087 | €1,646,209 | -€11,877 | -0.7% |
| Tangible fixed assets | 22/27 | €35,632 | €23,754 | -€11,877 | -33.3% |
| Furniture and vehicles | 24 | €35,632 | €23,754 | -€11,877 | -33.3% |
| Financial fixed assets | 28 | €1,622,455 | €1,622,455 | = | 0.0% |
| Current assets | 29/58 | €10,156,914 | €10,349,313 | +€192,399 | +1.9% |
| Amounts receivable after more than one year | 29 | €2,077,257 | €2,132,339 | +€55,082 | +2.7% |
| Other amounts receivable | 291 | €2,077,257 | €2,132,339 | +€55,082 | +2.7% |
| Amounts receivable within one year | 40/41 | €6,580 | €50,617 | +€44,038 | +669.3% |
| Other amounts receivable | 41 | €6,580 | €50,617 | +€44,038 | +669.3% |
| Current investments | 50/53 | €7,889,900 | €6,627,299 | -€1.3m | -16.0% |
| Cash at bank and in hand | 54/58 | €183,177 | €1,539,057 | +€1.4m | +740.2% |
| Total equity and liabilities | 10/49 | €11,815,000 | €11,995,523 | +€180,522 | +1.5% |
| Equity | 10/15 | €11,478,125 | €11,668,624 | +€190,499 | +1.7% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,598,125 | €10,788,624 | +€190,499 | +1.8% |
| Amounts payable | 17/49 | €336,875 | €326,899 | -€9,976 | -3.0% |
| Amounts payable within one year | 42/48 | €151,313 | €122,587 | -€28,726 | -19.0% |
| Trade debts | 44 | €1,815 | €2,420 | +€605 | +33.3% |
| Suppliers | 440/4 | €1,815 | €2,420 | +€605 | +33.3% |
| Taxes, remuneration and social security | 45 | €149,498 | €120,167 | -€29,331 | -19.6% |
| Taxes | 450/3 | €35,581 | - | -€35,581 | |
| Remuneration and social security | 454/9 | €113,917 | €120,167 | +€6,250 | +5.5% |
| Accrued charges and deferred income | 492/3 | €185,562 | €204,312 | +€18,750 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,877 | €11,877 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€34,665 | -€29,597 | +€5,068 | +14.6% |
| Operating profit (loss) | 9901 | -€47,502 | -€42,442 | +€5,061 | +10.7% |
| Financial income | 75/76B | €302,035 | €382,455 | +€80,420 | +26.6% |
| Recurring financial income | 75 | €290,886 | €355,347 | +€64,461 | +22.2% |
| Non-recurring financial income | 76B | €11,149 | €27,108 | +€15,959 | +143.2% |
| Financial charges | 65/66B | €67,179 | €78,993 | +€11,814 | +17.6% |
| Recurring financial charges | 65 | €67,179 | €47,012 | -€20,167 | -30.0% |
| Non-recurring financial charges | 66B | - | €31,982 | +€31,982 | |
| Profit (loss) for the period before taxes | 9903 | €187,353 | €261,020 | +€73,667 | +39.3% |
| Income taxes | 67/77 | €50,907 | €70,521 | +€19,614 | +38.5% |
| Profit (loss) for the period | 9904 | €136,446 | €190,499 | +€54,053 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €136,446 | €190,499 | +€54,053 | +39.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.