Almax: 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.
Almax
Largest movements
- Cash -€10,700
down €10,700 (-26.9%), from €39,821 to €29,122
mainly Net result for the year (-€13,732) and Investment in fixed assets (net) (-€2,497)
- Receivables within one year -€4,523
down €4,523 (-31.1%), from €14,526 to €10,003
of which Trade receivables: -€5,031
- Profit (loss) carried forward -€11,872
down €11,872, from €8,501 to -€3,370
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Trade debts -€1,287
down €1,287 (-71.3%), from €1,804 to €517
- Gross operating margin -€15,388
down €15,388, from €7,467 to -€7,921
- Other operating charges +€1,868
up €1,868 (+103%), from €1,819 to €3,687
- Depreciation -€619
down €619 (-23.9%), from €2,588 to €1,969
- Financial income -€90
down €90 (-54.6%), from €165 to €75
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 | €60,008 | €45,358 | -€14,650 | -24.4% |
| Fixed assets | 21/28 | €5,420 | €5,948 | +€528 | +9.7% |
| Tangible fixed assets | 22/27 | €4,811 | €5,339 | +€528 | +11.0% |
| Plant, machinery and equipment | 23 | €4,102 | €4,871 | +€769 | +18.8% |
| Furniture and vehicles | 24 | €709 | €468 | -€241 | -34.0% |
| Financial fixed assets | 28 | €609 | €609 | = | 0.0% |
| Current assets | 29/58 | €54,588 | €39,410 | -€15,178 | -27.8% |
| Stocks and contracts in progress | 3 | €241 | €286 | +€45 | +18.7% |
| Stocks | 30/36 | €241 | €286 | +€45 | +18.7% |
| Amounts receivable within one year | 40/41 | €14,526 | €10,003 | -€4,523 | -31.1% |
| Trade receivables | 40 | €13,604 | €8,574 | -€5,031 | -37.0% |
| Other amounts receivable | 41 | €922 | €1,429 | +€507 | +55.0% |
| Cash at bank and in hand | 54/58 | €39,821 | €29,122 | -€10,700 | -26.9% |
| Total equity and liabilities | 10/49 | €60,008 | €45,358 | -€14,650 | -24.4% |
| Equity | 10/15 | €28,961 | €15,230 | -€13,732 | -47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €8,501 | -€3,370 | -€11,872 | |
| Amounts payable | 17/49 | €31,047 | €30,128 | -€918 | -3.0% |
| Amounts payable within one year | 42/48 | €31,047 | €30,128 | -€918 | -3.0% |
| Trade debts | 44 | €1,804 | €517 | -€1,287 | -71.3% |
| Suppliers | 440/4 | €1,804 | €517 | -€1,287 | -71.3% |
| Other amounts payable | 47/48 | €29,243 | €29,612 | +€368 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,588 | €1,969 | -€619 | -23.9% |
| Other operating charges | 640/8 | €1,819 | €3,687 | +€1,868 | +103% |
| Gross operating margin | 9900 | €7,467 | -€7,921 | -€15,388 | |
| Operating profit (loss) | 9901 | €3,060 | -€13,577 | -€16,637 | |
| Financial income | 75/76B | €165 | €75 | -€90 | -54.6% |
| Recurring financial income | 75 | €165 | €75 | -€90 | -54.6% |
| Financial charges | 65/66B | €262 | €207 | -€55 | -20.9% |
| Recurring financial charges | 65 | €262 | €207 | -€55 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €2,963 | -€13,709 | -€16,672 | |
| Income taxes | 67/77 | €68 | €22 | -€45 | -66.8% |
| Profit (loss) for the period | 9904 | €2,895 | -€13,732 | -€16,627 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,895 | -€13,732 | -€16,627 |
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 24 October 2026 via checked.be.