Almat: 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.
Almat
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+91.3%), from €1.2m to €2.4m
of which Land and buildings: +€1.1m
- Receivables within one year +€300,484
up €300,484 (+6233.8%), from €4,820 to €305,305
of which Other amounts receivable: +€261,864
- Debts after one year +€1.3m
up €1.3m (+274.3%), from €460,512 to €1.7m
- Trade debts +€116,611
up €116,611 (+737.3%), from €15,817 to €132,428
- Current portion of long-term debt +€66,965
up €66,965 (+109.6%), from €61,077 to €128,042
- Other debts -€37,342
down €37,342 (-15.3%), from €243,791 to €206,450
- Gross operating margin -€66,418
down €66,418 (-23.3%), from €285,525 to €219,107
- Financial income +€25,081
up €25,081 (+4266.6%), from €588 to €25,669
- Other operating charges -€7,630
down €7,630 (-11.9%), from €64,255 to €56,625
- Depreciation -€7,463
down €7,463 (-5.7%), from €130,133 to €122,670
- Financial charges +€5,425
up €5,425 (+21.3%), from €25,501 to €30,926
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 | €1,342,130 | €2,776,551 | +€1.4m | +106.9% |
| Fixed assets | 21/28 | €1,242,727 | €2,373,987 | +€1.1m | +91.0% |
| Tangible fixed assets | 22/27 | €1,239,617 | €2,370,877 | +€1.1m | +91.3% |
| Land and buildings | 22 | €1,239,490 | €2,370,877 | +€1.1m | +91.3% |
| Furniture and vehicles | 24 | €126 | €0 | -€126 | -100.0% |
| Financial fixed assets | 28 | €3,110 | €3,110 | = | 0.0% |
| Current assets | 29/58 | €99,403 | €402,563 | +€303,160 | +305.0% |
| Amounts receivable within one year | 40/41 | €4,820 | €305,305 | +€300,484 | +6233.8% |
| Trade receivables | 40 | €2,587 | €41,207 | +€38,620 | +1492.9% |
| Other amounts receivable | 41 | €2,233 | €264,098 | +€261,864 | +11725.7% |
| Cash at bank and in hand | 54/58 | €90,440 | €82,313 | -€8,127 | -9.0% |
| Deferred charges and accrued income | 490/1 | €4,143 | €14,946 | +€10,803 | +260.8% |
| Total equity and liabilities | 10/49 | €1,342,130 | €2,776,551 | +€1.4m | +106.9% |
| Equity | 10/15 | €444,503 | €465,761 | +€21,258 | +4.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €383,003 | €404,261 | +€21,258 | +5.6% |
| Non-distributable reserves | 130/1 | €25,895 | €25,895 | = | 0.0% |
| Legal reserve | 130 | €25,895 | €25,895 | = | 0.0% |
| Tax-exempt reserves | 132 | €251,442 | €232,415 | -€19,027 | -7.6% |
| Distributable reserves | 133 | €105,666 | €145,951 | +€40,285 | +38.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €83,814 | €77,472 | -€6,342 | -7.6% |
| Deferred taxes | 168 | €83,814 | €77,472 | -€6,342 | -7.6% |
| Amounts payable | 17/49 | €813,813 | €2,233,319 | +€1.4m | +174.4% |
| Amounts payable after more than one year | 17 | €460,512 | €1,723,814 | +€1.3m | +274.3% |
| Financial debts | 170/4 | €460,512 | €1,723,814 | +€1.3m | +274.3% |
| Amounts payable within one year | 42/48 | €345,276 | €504,784 | +€159,509 | +46.2% |
| Current portion of amounts payable after more than one year | 42 | €61,077 | €128,042 | +€66,965 | +109.6% |
| Trade debts | 44 | €15,817 | €132,428 | +€116,611 | +737.3% |
| Suppliers | 440/4 | €15,817 | €132,428 | +€116,611 | +737.3% |
| Advances received on contracts in progress | 46 | €2,400 | €2,400 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,190 | €35,465 | +€13,275 | +59.8% |
| Taxes | 450/3 | €22,190 | €35,465 | +€13,275 | +59.8% |
| Other amounts payable | 47/48 | €243,791 | €206,450 | -€37,342 | -15.3% |
| Accrued charges and deferred income | 492/3 | €8,025 | €4,720 | -€3,305 | -41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,133 | €122,670 | -€7,463 | -5.7% |
| Other operating charges | 640/8 | €64,255 | €56,625 | -€7,630 | -11.9% |
| Gross operating margin | 9900 | €285,525 | €219,107 | -€66,418 | -23.3% |
| Operating profit (loss) | 9901 | €91,137 | €39,812 | -€51,325 | -56.3% |
| Financial income | 75/76B | €588 | €25,669 | +€25,081 | +4266.6% |
| Recurring financial income | 75 | €588 | €25,669 | +€25,081 | +4266.6% |
| Financial charges | 65/66B | €25,501 | €30,926 | +€5,425 | +21.3% |
| Recurring financial charges | 65 | €25,501 | €30,926 | +€5,425 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €66,224 | €34,555 | -€31,669 | -47.8% |
| Transfer from deferred taxes | 780 | €7,937 | €6,342 | -€1,594 | -20.1% |
| Income taxes | 67/77 | €23,367 | €19,639 | -€3,727 | -16.0% |
| Profit (loss) for the period | 9904 | €50,794 | €21,258 | -€29,536 | -58.1% |
| Transfer from tax-exempt reserves | 789 | €23,811 | €19,027 | -€4,783 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,605 | €40,285 | -€34,320 | -46.0% |
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 3 October 2026 via checked.be.