ALMASI: what changed
Two financial 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.
ALMASI
Largest movements
- Cash -€6,724
down €6,724 (-63.0%), from €10,671 to €3,947
mainly Debts after one year (-€11,000) and Other debts (-€7,520)
- Receivables within one year +€748
up €748 (+253%), from €296 to €1,044
- Stocks and contracts +€122
up €122 (+49.3%), from €248 to €370
- Profit (loss) carried forward +€12,435
up €12,435 (+15.3%), from -€81,113 to -€68,678
- Debts after one year -€11,000
down €11,000 (-15.7%), from €70,000 to €59,000
- Other debts -€7,520
down €7,520 (-88.4%), from €8,510 to €989
- Trade debts -€927
down €927 (-76.2%), from €1,216 to €289
- Accrued charges and deferred income +€720
new in 2025: €720
- Gross operating margin +€2,286
up €2,286 (+21.2%), from €10,776 to €13,061
- Depreciation -€729
no longer reported in 2025 (was €729)
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.
Derived cash bridge
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 | €11,215 | €5,361 | -€5,854 | -52.2% |
| Current assets | 29/58 | €11,215 | €5,361 | -€5,854 | -52.2% |
| Stocks and contracts in progress | 3 | €248 | €370 | +€122 | +49.3% |
| Stocks | 30/36 | €248 | €370 | +€122 | +49.3% |
| Amounts receivable within one year | 40/41 | €296 | €1,044 | +€748 | +253% |
| Trade receivables | 40 | €296 | €1,044 | +€748 | +253% |
| Cash at bank and in hand | 54/58 | €10,671 | €3,947 | -€6,724 | -63.0% |
| Total equity and liabilities | 10/49 | €11,215 | €5,361 | -€5,854 | -52.2% |
| Equity | 10/15 | -€68,613 | -€56,178 | +€12,435 | +18.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,113 | -€68,678 | +€12,435 | +15.3% |
| Amounts payable | 17/49 | €79,828 | €61,539 | -€18,289 | -22.9% |
| Amounts payable after more than one year | 17 | €70,000 | €59,000 | -€11,000 | -15.7% |
| Financial debts | 170/4 | €70,000 | €59,000 | -€11,000 | -15.7% |
| Amounts payable within one year | 42/48 | €9,828 | €1,819 | -€8,009 | -81.5% |
| Trade debts | 44 | €1,216 | €289 | -€927 | -76.2% |
| Suppliers | 440/4 | €1,216 | €289 | -€927 | -76.2% |
| Taxes, remuneration and social security | 45 | €103 | €541 | +€438 | +426% |
| Taxes | 450/3 | €103 | €541 | +€438 | +426% |
| Other amounts payable | 47/48 | €8,510 | €989 | -€7,520 | -88.4% |
| Accrued charges and deferred income | 492/3 | - | €720 | +€720 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | - | -€729 | |
| Other operating charges | 640/8 | €513 | €602 | +€89 | +17.4% |
| Gross operating margin | 9900 | €10,776 | €13,061 | +€2,286 | +21.2% |
| Operating profit (loss) | 9901 | €9,533 | €12,459 | +€2,926 | +30.7% |
| Financial income | 75/76B | €65 | €17 | -€48 | -74.1% |
| Recurring financial income | 75 | €65 | €17 | -€48 | -74.1% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €9,555 | €12,435 | +€2,881 | +30.1% |
| Profit (loss) for the period | 9904 | €9,555 | €12,435 | +€2,881 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,555 | €12,435 | +€2,881 | +30.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.