ALMASA: 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.
ALMASA
Largest movements
- Receivables within one year -€136,262
down €136,262 (-42.7%), from €319,023 to €182,760
of which Trade receivables: -€136,364
- Cash +€8,498
up €8,498 (+71.2%), from €11,931 to €20,429
mainly Receivables within one year (+€136,262) and Net result for the year (+€782)
- Tax, wage and social debts -€60,418
down €60,418 (-100.0%), from €60,418 to €0
- Debts after one year -€47,200
down €47,200 (-25.5%), from €185,250 to €138,050
- Current portion of long-term debt -€14,287
down €14,287 (-100.0%), from €14,287 to €0
- Other debts -€6,641
down €6,641 (-12.6%), from €52,780 to €46,139
- Gross operating margin -€121,939
down €121,939 (-98.5%), from €123,819 to €1,880
- Taxes -€25,707
down €25,707 (-97.3%), from €26,432 to €725
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 | €330,953 | €203,189 | -€127,765 | -38.6% |
| Current assets | 29/58 | €330,953 | €203,189 | -€127,765 | -38.6% |
| Amounts receivable within one year | 40/41 | €319,023 | €182,760 | -€136,262 | -42.7% |
| Trade receivables | 40 | €319,023 | €182,659 | -€136,364 | -42.7% |
| Other amounts receivable | 41 | - | €102 | +€102 | |
| Cash at bank and in hand | 54/58 | €11,931 | €20,429 | +€8,498 | +71.2% |
| Total equity and liabilities | 10/49 | €330,953 | €203,189 | -€127,765 | -38.6% |
| Equity | 10/15 | €18,218 | €19,000 | +€782 | +4.3% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €5,218 | €6,000 | +€782 | +15.0% |
| Distributable reserves | 133 | €5,218 | €6,000 | +€782 | +15.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €312,736 | €184,189 | -€128,546 | -41.1% |
| Amounts payable after more than one year | 17 | €185,250 | €138,050 | -€47,200 | -25.5% |
| Financial debts | 170/4 | €185,250 | €138,050 | -€47,200 | -25.5% |
| Amounts payable within one year | 42/48 | €127,486 | €46,139 | -€81,346 | -63.8% |
| Current portion of amounts payable after more than one year | 42 | €14,287 | €0 | -€14,287 | -100.0% |
| Taxes, remuneration and social security | 45 | €60,418 | €0 | -€60,418 | -100.0% |
| Taxes | 450/3 | €60,418 | €0 | -€60,418 | -100.0% |
| Other amounts payable | 47/48 | €52,780 | €46,139 | -€6,641 | -12.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €123,819 | €1,880 | -€121,939 | -98.5% |
| Operating profit (loss) | 9901 | €123,701 | €1,760 | -€121,941 | -98.6% |
| Financial charges | 65/66B | €516 | €253 | -€263 | -51.0% |
| Recurring financial charges | 65 | €516 | €253 | -€263 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €123,185 | €1,507 | -€121,678 | -98.8% |
| Income taxes | 67/77 | €26,432 | €725 | -€25,707 | -97.3% |
| Profit (loss) for the period | 9904 | €96,752 | €782 | -€95,971 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,752 | €782 | -€95,971 | -99.2% |
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 4 October 2026 via checked.be.