ALMAVERO: 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.
ALMAVERO
Largest movements
- Tangible fixed assets +€164,240
up €164,240 (+13.3%), from €1.2m to €1.4m
of which Land and buildings: +€161,398
- Cash -€30,990
down €30,990 (-36.8%), from €84,211 to €53,221
mainly Investment in fixed assets (net) (-€165,300) and Net result for the year (-€104,308)
- Other debts +€161,495
up €161,495 (+39.6%), from €407,664 to €569,159
- Profit (loss) carried forward -€104,308
down €104,308 (-154%), from -€67,858 to -€172,166
- Trade debts +€76,063
up €76,063 (+592%), from €12,844 to €88,907
- Other operating charges +€63,477
up €63,477 (+494%), from €12,860 to €76,337
- Gross operating margin +€26,790
up €26,790 (+50.2%), from -€53,315 to -€26,525
- Financial charges -€799
down €799 (-67.4%), from €1,185 to €386
- Depreciation +€562
up €562 (+113%), from €498 to €1,060
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 | €1,317,483 | €1,450,733 | +€133,250 | +10.1% |
| Fixed assets | 21/28 | €1,232,593 | €1,396,833 | +€164,240 | +13.3% |
| Tangible fixed assets | 22/27 | €1,232,593 | €1,396,833 | +€164,240 | +13.3% |
| Land and buildings | 22 | €1,226,080 | €1,387,478 | +€161,398 | +13.2% |
| Plant, machinery and equipment | 23 | €4,023 | €4,023 | = | 0.0% |
| Furniture and vehicles | 24 | €2,490 | €5,332 | +€2,842 | +114% |
| Current assets | 29/58 | €84,890 | €53,900 | -€30,990 | -36.5% |
| Amounts receivable within one year | 40/41 | €679 | €679 | = | 0.0% |
| Other amounts receivable | 41 | €679 | €679 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,211 | €53,221 | -€30,990 | -36.8% |
| Total equity and liabilities | 10/49 | €1,317,483 | €1,450,733 | +€133,250 | +10.1% |
| Equity | 10/15 | €686,957 | €582,649 | -€104,308 | -15.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €692,815 | €692,815 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €630,055 | €630,055 | = | 0.0% |
| Distributable reserves | 133 | €56,560 | €56,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,858 | -€172,166 | -€104,308 | -154% |
| Provisions and deferred taxes | 16 | €210,018 | €210,018 | = | 0.0% |
| Deferred taxes | 168 | €210,018 | €210,018 | = | 0.0% |
| Amounts payable | 17/49 | €420,508 | €658,066 | +€237,558 | +56.5% |
| Amounts payable within one year | 42/48 | €420,508 | €658,066 | +€237,558 | +56.5% |
| Trade debts | 44 | €12,844 | €88,907 | +€76,063 | +592% |
| Suppliers | 440/4 | €12,844 | €88,907 | +€76,063 | +592% |
| Other amounts payable | 47/48 | €407,664 | €569,159 | +€161,495 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €498 | €1,060 | +€562 | +113% |
| Other operating charges | 640/8 | €12,860 | €76,337 | +€63,477 | +494% |
| Gross operating margin | 9900 | -€53,315 | -€26,525 | +€26,790 | +50.2% |
| Operating profit (loss) | 9901 | -€66,673 | -€103,922 | -€37,249 | -55.9% |
| Financial charges | 65/66B | €1,185 | €386 | -€799 | -67.4% |
| Recurring financial charges | 65 | €1,185 | €386 | -€799 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | -€67,858 | -€104,308 | -€36,450 | -53.7% |
| Profit (loss) for the period | 9904 | -€67,858 | -€104,308 | -€36,450 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,858 | -€104,308 | -€36,450 | -53.7% |
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 17 October 2026 via checked.be.