ALMAS GROUP’S: what changed
ALMAS GROUP’S
Largest movements
- Stocks and contracts +€27,013
up €27,013 (+73.3%), from €36,878 to €63,892
- Receivables within one year -€20,503
down €20,503 (-83.9%), from €24,427 to €3,924
of which Trade receivables: -€20,503
- Cash +€18,101
up €18,101 (+770%), from €2,351 to €20,452
mainly Debts after one year (+€25,300) and Receivables within one year (+€20,503)
- Tangible fixed assets -€7,143
down €7,143 (-63.4%), from €11,263 to €4,121
- Debts after one year +€25,300
new in 2025: €25,300
- Contributions -€20,550
down €20,550 (-87.3%), from €23,550 to €3,000
- Trade debts -€17,485
down €17,485 (-30.0%), from €58,331 to €40,846
- Profit (loss) carried forward +€15,420
up €15,420 (+74.9%), from -€20,575 to -€5,156
- Tax, wage and social debts +€14,784
up €14,784 (+105%), from €14,144 to €28,928
of which Taxes: +€10,953
- Purchases and services +€77,817
up €77,817 (+16.4%), from €473,415 to €551,232
- Turnover +€33,126
up €33,126 (+6.3%), from €527,977 to €561,103
- Staff costs +€23,658
up €23,658 (+247%), from €9,584 to €33,241
- Gross operating margin -€12,224
down €12,224 (-14.8%), from €82,673 to €70,448
- Other operating charges -€8,804
down €8,804 (-45.4%), from €19,411 to €10,607
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,449 | €92,918 | +€17,469 | +23.2% |
| Fixed assets | 21/28 | €11,263 | €4,121 | -€7,143 | -63.4% |
| Tangible fixed assets | 22/27 | €11,263 | €4,121 | -€7,143 | -63.4% |
| Furniture and vehicles | 24 | €11,263 | €4,121 | -€7,143 | -63.4% |
| Current assets | 29/58 | €64,186 | €88,797 | +€24,611 | +38.3% |
| Stocks and contracts in progress | 3 | €36,878 | €63,892 | +€27,013 | +73.3% |
| Stocks | 30/36 | €36,878 | €63,892 | +€27,013 | +73.3% |
| Amounts receivable within one year | 40/41 | €24,427 | €3,924 | -€20,503 | -83.9% |
| Trade receivables | 40 | €20,503 | - | -€20,503 | |
| Other amounts receivable | 41 | €3,924 | €3,924 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,351 | €20,452 | +€18,101 | +770% |
| Deferred charges and accrued income | 490/1 | €531 | €531 | = | 0.0% |
| Total equity and liabilities | 10/49 | €75,449 | €92,918 | +€17,469 | +23.2% |
| Equity | 10/15 | €2,975 | -€2,156 | -€5,130 | |
| Contributions | 10/11 | €23,550 | €3,000 | -€20,550 | -87.3% |
| Profit (loss) carried forward | 14 | -€20,575 | -€5,156 | +€15,420 | +74.9% |
| Amounts payable | 17/49 | €72,475 | €95,074 | +€22,599 | +31.2% |
| Amounts payable after more than one year | 17 | - | €25,300 | +€25,300 | |
| Other amounts payable | 178/9 | - | €25,300 | +€25,300 | |
| Amounts payable within one year | 42/48 | €72,475 | €69,774 | -€2,701 | -3.7% |
| Trade debts | 44 | €58,331 | €40,846 | -€17,485 | -30.0% |
| Suppliers | 440/4 | €58,331 | €40,846 | -€17,485 | -30.0% |
| Taxes, remuneration and social security | 45 | €14,144 | €28,928 | +€14,784 | +105% |
| Taxes | 450/3 | €7,504 | €18,457 | +€10,953 | +146% |
| Remuneration and social security | 454/9 | €6,640 | €10,471 | +€3,831 | +57.7% |
| Turnover | 70 | €527,977 | €561,103 | +€33,126 | +6.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €473,415 | €551,232 | +€77,817 | +16.4% |
| Remuneration, social security and pensions | 62 | €9,584 | €33,241 | +€23,658 | +247% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,605 | €887 | -€718 | -44.8% |
| Other operating charges | 640/8 | €19,411 | €10,607 | -€8,804 | -45.4% |
| Gross operating margin | 9900 | €82,673 | €70,448 | -€12,224 | -14.8% |
| Operating profit (loss) | 9901 | €52,073 | €25,714 | -€26,359 | -50.6% |
| Financial income | 75/76B | - | €1,205 | +€1,205 | |
| Recurring financial income | 75 | - | €1,205 | +€1,205 | |
| Non-recurring financial income | 76B | - | €1,205 | +€1,205 | |
| Financial charges | 65/66B | €440 | €1,563 | +€1,122 | +255% |
| Recurring financial charges | 65 | €440 | €1,563 | +€1,122 | +255% |
| Profit (loss) for the period before taxes | 9903 | €51,633 | €25,356 | -€26,277 | -50.9% |
| Income taxes | 67/77 | €5,179 | €9,937 | +€4,758 | +91.9% |
| Profit (loss) for the period | 9904 | €46,454 | €15,420 | -€31,035 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,454 | €15,420 | -€31,035 | -66.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.