ALMASE: 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.
ALMASE
Largest movements
- Current investments +€50,364
up €50,364 (+60.9%), from €82,755 to €133,119
- Receivables within one year +€38,104
up €38,104 (+37.1%), from €102,724 to €140,828
of which Other amounts receivable: +€32,496
- Cash -€22,501
down €22,501 (-63.9%), from €35,190 to €12,689
mainly Current investments (-€50,364) and Receivables within one year (-€38,104)
- Profit (loss) carried forward +€61,378
up €61,378 (+22.3%), from €275,774 to €337,152
- Gross operating margin -€17,620
down €17,620 (-26.5%), from €66,378 to €48,758
- Taxes -€12,969
down €12,969 (-48.9%), from €26,496 to €13,527
- Financial income +€2,745
up €2,745 (+68.8%), from €3,989 to €6,734
- Purchases and services +€2,160
up €2,160 (+6.0%), from €35,716 to €37,876
- Other operating charges -€1,787
no longer reported in 2025 (was €1,787)
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 | €352,492 | €417,524 | +€65,032 | +18.4% |
| Fixed assets | 21/28 | €130,888 | €130,888 | = | 0.0% |
| Financial fixed assets | 28 | €130,888 | €130,888 | = | 0.0% |
| Current assets | 29/58 | €221,604 | €286,636 | +€65,032 | +29.3% |
| Amounts receivable within one year | 40/41 | €102,724 | €140,828 | +€38,104 | +37.1% |
| Trade receivables | 40 | €6,088 | €11,696 | +€5,608 | +92.1% |
| Other amounts receivable | 41 | €96,636 | €129,132 | +€32,496 | +33.6% |
| Current investments | 50/53 | €82,755 | €133,119 | +€50,364 | +60.9% |
| Cash at bank and in hand | 54/58 | €35,190 | €12,689 | -€22,501 | -63.9% |
| Deferred charges and accrued income | 490/1 | €935 | - | -€935 | |
| Total equity and liabilities | 10/49 | €352,492 | €417,524 | +€65,032 | +18.4% |
| Equity | 10/15 | €336,020 | €397,398 | +€61,378 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,646 | €41,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €39,787 | €39,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275,774 | €337,152 | +€61,378 | +22.3% |
| Amounts payable | 17/49 | €16,472 | €20,126 | +€3,654 | +22.2% |
| Amounts payable within one year | 42/48 | €16,472 | €20,126 | +€3,654 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €1,132 | - | -€1,132 | |
| Trade debts | 44 | €2,368 | €3,074 | +€706 | +29.8% |
| Suppliers | 440/4 | €2,368 | €3,074 | +€706 | +29.8% |
| Taxes, remuneration and social security | 45 | €12,972 | €17,052 | +€4,080 | +31.5% |
| Taxes | 450/3 | €12,972 | €17,052 | +€4,080 | +31.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,716 | €37,876 | +€2,160 | +6.0% |
| Other operating charges | 640/8 | €1,787 | - | -€1,787 | |
| Gross operating margin | 9900 | €66,378 | €48,758 | -€17,620 | -26.5% |
| Operating profit (loss) | 9901 | €64,591 | €48,758 | -€15,833 | -24.5% |
| Financial income | 75/76B | €3,989 | €6,734 | +€2,745 | +68.8% |
| Recurring financial income | 75 | €3,989 | €6,734 | +€2,745 | +68.8% |
| Financial charges | 65/66B | €701 | €587 | -€114 | -16.3% |
| Recurring financial charges | 65 | €701 | €587 | -€114 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €67,879 | €54,905 | -€12,974 | -19.1% |
| Income taxes | 67/77 | €26,496 | €13,527 | -€12,969 | -48.9% |
| Profit (loss) for the period | 9904 | €41,383 | €41,378 | -€5 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,383 | €41,378 | -€5 | 0.0% |
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 5 October 2026 via checked.be.