AlMaTiCo: 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.
AlMaTiCo
Largest movements
- Tangible fixed assets -€128,581
no longer reported in 2025 (was €128,581)
of which Land and buildings: -€123,324
- Cash -€34,603
down €34,603 (-29.9%), from €115,583 to €80,980
mainly Debts after one year (-€101,852) and Trade debts (-€40,687)
- Receivables within one year +€15,043
up €15,043 (+10.1%), from €149,662 to €164,706
of which Other amounts receivable: +€28,938
- Debts after one year -€101,852
no longer reported in 2025 (was €101,852)
- Trade debts -€40,687
down €40,687 (-83.0%), from €49,029 to €8,342
- Gross operating margin -€17,435
down €17,435 (-34.8%), from €50,035 to €32,601
- Financial charges -€9,208
down €9,208 (-41.2%), from €22,330 to €13,122
- Taxes -€3,558
down €3,558 (-86.4%), from €4,116 to €558
- Other operating charges +€1,059
up €1,059 (+19.9%), from €5,330 to €6,388
- Financial income +€778
up €778 (+433%), from €180 to €958
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 | €612,936 | €466,111 | -€146,824 | -24.0% |
| Fixed assets | 21/28 | €347,331 | €218,750 | -€128,581 | -37.0% |
| Tangible fixed assets | 22/27 | €128,581 | - | -€128,581 | |
| Land and buildings | 22 | €123,324 | - | -€123,324 | |
| Plant, machinery and equipment | 23 | €222 | - | -€222 | |
| Furniture and vehicles | 24 | €5,034 | - | -€5,034 | |
| Financial fixed assets | 28 | €218,750 | €218,750 | = | 0.0% |
| Current assets | 29/58 | €265,605 | €247,361 | -€18,244 | -6.9% |
| Amounts receivable within one year | 40/41 | €149,662 | €164,706 | +€15,043 | +10.1% |
| Trade receivables | 40 | €31,806 | €17,911 | -€13,895 | -43.7% |
| Other amounts receivable | 41 | €117,856 | €146,794 | +€28,938 | +24.6% |
| Cash at bank and in hand | 54/58 | €115,583 | €80,980 | -€34,603 | -29.9% |
| Deferred charges and accrued income | 490/1 | €359 | €1,676 | +€1,316 | +366% |
| Total equity and liabilities | 10/49 | €612,936 | €466,111 | -€146,824 | -24.0% |
| Equity | 10/15 | €313,030 | €314,733 | +€1,703 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €306,830 | €308,533 | +€1,703 | +0.6% |
| Distributable reserves | 133 | €306,830 | €308,533 | +€1,703 | +0.6% |
| Amounts payable | 17/49 | €299,905 | €151,378 | -€148,527 | -49.5% |
| Amounts payable after more than one year | 17 | €101,852 | - | -€101,852 | |
| Financial debts | 170/4 | €101,852 | - | -€101,852 | |
| Amounts payable within one year | 42/48 | €198,053 | €151,378 | -€46,675 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €3,848 | - | -€3,848 | |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €49,029 | €8,342 | -€40,687 | -83.0% |
| Suppliers | 440/4 | €49,029 | €8,342 | -€40,687 | -83.0% |
| Taxes, remuneration and social security | 45 | €9,658 | €6,020 | -€3,639 | -37.7% |
| Taxes | 450/3 | €9,658 | €6,020 | -€3,639 | -37.7% |
| Other amounts payable | 47/48 | €35,518 | €37,016 | +€1,498 | +4.2% |
| Non-recurring operating income | 76A | €35,477 | - | -€35,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €832 | €757 | -€75 | -9.1% |
| Other operating charges | 640/8 | €5,330 | €6,388 | +€1,059 | +19.9% |
| Non-recurring operating charges | 66A | €4,724 | €11,031 | +€6,307 | +133% |
| Gross operating margin | 9900 | €50,035 | €32,601 | -€17,435 | -34.8% |
| Operating profit (loss) | 9901 | €39,149 | €14,425 | -€24,724 | -63.2% |
| Financial income | 75/76B | €180 | €958 | +€778 | +433% |
| Recurring financial income | 75 | €180 | €958 | +€778 | +433% |
| Financial charges | 65/66B | €22,330 | €13,122 | -€9,208 | -41.2% |
| Recurring financial charges | 65 | €22,330 | €13,122 | -€9,208 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €16,999 | €2,261 | -€14,738 | -86.7% |
| Income taxes | 67/77 | €4,116 | €558 | -€3,558 | -86.4% |
| Profit (loss) for the period | 9904 | €12,883 | €1,703 | -€11,180 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,883 | €1,703 | -€11,180 | -86.8% |
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 28 October 2026 via checked.be.