ALMASER: 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.
ALMASER
Largest movements
- Current investments +€3.6m
new in 2025: €3.6m
- Financial fixed assets -€2.1m
no longer reported in 2025 (was €2.1m)
- Cash +€200,906
up €200,906 (+999.6%), from €20,098 to €221,004
mainly Net result for the year (+€66.3m) and Investment in fixed assets (net) (+€2.1m)
- Provisions +€949,507
new in 2025: €949,507
- Profit (loss) carried forward +€760,069
up €760,069, from -€321,380 to €438,689
- Gross operating margin +€67.4m
up €67.4m, from -€200,495 to €67.2m
- Provisions +€949,507
new in 2025: €949,507
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 | €2,115,654 | €3,837,907 | +€1.7m | +81.4% |
| Fixed assets | 21/28 | €2,095,548 | - | -€2.1m | |
| Financial fixed assets | 28 | €2,095,548 | - | -€2.1m | |
| Current assets | 29/58 | €20,106 | €3,837,907 | +€3.8m | +18988.4% |
| Amounts receivable within one year | 40/41 | €8 | €18,394 | +€18,386 | +229825.0% |
| Other amounts receivable | 41 | €8 | €18,394 | +€18,386 | +229825.0% |
| Current investments | 50/53 | - | €3,597,576 | +€3.6m | |
| Cash at bank and in hand | 54/58 | €20,098 | €221,004 | +€200,906 | +999.6% |
| Deferred charges and accrued income | 490/1 | - | €933 | +€933 | |
| Total equity and liabilities | 10/49 | €2,115,654 | €3,837,907 | +€1.7m | +81.4% |
| Equity | 10/15 | €1,394,781 | €2,154,850 | +€760,069 | +54.5% |
| Contributions | 10/11 | €1,716,161 | €1,716,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€321,380 | €438,689 | +€760,069 | |
| Provisions and deferred taxes | 16 | - | €949,507 | +€949,507 | |
| Provisions for liabilities and charges | 160/5 | - | €949,507 | +€949,507 | |
| Other liabilities and charges | 164/5 | - | €949,507 | +€949,507 | |
| Amounts payable | 17/49 | €720,873 | €733,550 | +€12,677 | +1.8% |
| Amounts payable within one year | 42/48 | €720,873 | €733,550 | +€12,677 | +1.8% |
| Trade debts | 44 | €2,012 | €7,500 | +€5,488 | +272.8% |
| Suppliers | 440/4 | €2,012 | €7,500 | +€5,488 | +272.8% |
| Other amounts payable | 47/48 | €718,861 | €726,050 | +€7,189 | +1.0% |
| Non-recurring operating income | 76A | - | €67,433,320 | +€67.4m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €949,507 | +€949,507 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€32 | +2.9% |
| Gross operating margin | 9900 | -€200,495 | €67,163,215 | +€67.4m | |
| Operating profit (loss) | 9901 | -€201,581 | €66,212,590 | +€66.4m | |
| Financial income | 75/76B | €17 | €57,497 | +€57,480 | +338117.6% |
| Recurring financial income | 75 | €17 | €57,497 | +€57,480 | +338117.6% |
| Financial charges | 65/66B | €7,191 | €10,018 | +€2,827 | +39.3% |
| Recurring financial charges | 65 | €7,191 | €10,018 | +€2,827 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | -€208,755 | €66,260,069 | +€66.5m | |
| Profit (loss) for the period | 9904 | -€208,755 | €66,260,069 | +€66.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€208,755 | €66,260,069 | +€66.5m |
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.