ALMAX & CO: 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.
What changed
ALMAX & CO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,493
2024 · €16,728+€5,765
Equity
€187,201
2024 · €238,353-€51,153
Cash
€1,519
2024 · €4,579-€3,061
Balance sheet total
€288,040
2024 · €343,613-€55,572
Largest movements
Assets
- Tangible fixed assets -€101,192
down €101,192 (-41.6%), from €243,050 to €141,858
of which Land and buildings: -€80,274
- Receivables within one year +€48,760
up €48,760 (+52.8%), from €92,365 to €141,125
Equity and liabilities
- Reserves -€51,153
down €51,153 (-22.0%), from €232,153 to €181,001
- Debts after one year -€14,089
no longer reported in 2025 (was €14,089)
- Other debts +€10,564
up €10,564 (+20.8%), from €50,674 to €61,238
Income statement
- Gross operating margin +€104,370
up €104,370 (+135.5%), from €77,005 to €181,375
- Depreciation +€100,251
up €100,251 (+257.1%), from €38,988 to €139,239
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.
Result 2024
€16,728
Gross operating margin
+€104,370
Staff costs
-€243
Depreciation
-€100,251
Other operating charges
+€1,634
Financial income
-€0
Financial charges
+€1,626
Taxes
-€1,370
Result 2025
€22,493
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.
From operations
+€123,517
Investment
-€38,047
Financing
-€88,530
Cash 2024
€4,579
From operations (derived)
+€123,517
Net result for the year
+€22,493
Depreciation
+€139,239
Receivables within one year
-€48,760
Deferred charges and accrued income
+€80
Trade debts
+€1,511
Tax, wage and social debts
+€617
Other debts
+€10,564
Accrued charges and deferred income
-€2,226
Investment (derived)
-€38,047
Investment in fixed assets (net)
-€38,047
Financing
-€88,530
Debts after one year
-€14,089
Current portion of long-term debt
-€1,081
Short-term financial debts
+€285
Contributions, distributions and other
-€73,645
Cash 2025
€1,519
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €343,613 | €288,040 | -€55,572 | -16.2% |
| Fixed assets | 21/28 | €243,050 | €141,858 | -€101,192 | -41.6% |
| Tangible fixed assets | 22/27 | €243,050 | €141,858 | -€101,192 | -41.6% |
| Land and buildings | 22 | €120,999 | €40,725 | -€80,274 | -66.3% |
| Plant, machinery and equipment | 23 | - | €6,491 | +€6,491 | |
| Furniture and vehicles | 24 | €63,888 | €36,479 | -€27,409 | -42.9% |
| Other tangible fixed assets | 26 | €58,163 | €58,163 | = | 0.0% |
| Current assets | 29/58 | €100,563 | €146,182 | +€45,620 | +45.4% |
| Amounts receivable within one year | 40/41 | €92,365 | €141,125 | +€48,760 | +52.8% |
| Trade receivables | 40 | €92,365 | €141,125 | +€48,760 | +52.8% |
| Cash at bank and in hand | 54/58 | €4,579 | €1,519 | -€3,061 | -66.8% |
| Deferred charges and accrued income | 490/1 | €3,618 | €3,538 | -€80 | -2.2% |
| Total equity and liabilities | 10/49 | €343,613 | €288,040 | -€55,572 | -16.2% |
| Equity | 10/15 | €238,353 | €187,201 | -€51,153 | -21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €232,153 | €181,001 | -€51,153 | -22.0% |
| Distributable reserves | 133 | €232,153 | €181,001 | -€51,153 | -22.0% |
| Amounts payable | 17/49 | €105,259 | €100,840 | -€4,419 | -4.2% |
| Amounts payable after more than one year | 17 | €14,089 | - | -€14,089 | |
| Financial debts | 170/4 | €14,089 | - | -€14,089 | |
| Amounts payable within one year | 42/48 | €88,943 | €100,840 | +€11,896 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €15,170 | €14,089 | -€1,081 | -7.1% |
| Financial debts | 43 | €3,179 | €3,464 | +€285 | +9.0% |
| Credit institutions | 430/8 | €3,179 | €3,464 | +€285 | +9.0% |
| Trade debts | 44 | €1,959 | €3,471 | +€1,511 | +77.1% |
| Suppliers | 440/4 | €1,959 | €3,471 | +€1,511 | +77.1% |
| Taxes, remuneration and social security | 45 | €17,962 | €18,578 | +€617 | +3.4% |
| Taxes | 450/3 | €17,962 | €18,578 | +€617 | +3.4% |
| Other amounts payable | 47/48 | €50,674 | €61,238 | +€10,564 | +20.8% |
| Accrued charges and deferred income | 492/3 | €2,226 | - | -€2,226 | |
| Non-recurring operating income | 76A | €7,250 | - | -€7,250 | |
| Remuneration, social security and pensions | 62 | €2,371 | €2,614 | +€243 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,988 | €139,239 | +€100,251 | +257.1% |
| Other operating charges | 640/8 | €3,540 | €1,906 | -€1,634 | -46.2% |
| Gross operating margin | 9900 | €77,005 | €181,375 | +€104,370 | +135.5% |
| Operating profit (loss) | 9901 | €32,107 | €37,616 | +€5,509 | +17.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -77.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -77.8% |
| Financial charges | 65/66B | €3,005 | €1,379 | -€1,626 | -54.1% |
| Recurring financial charges | 65 | €3,005 | €1,379 | -€1,626 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €29,102 | €36,237 | +€7,135 | +24.5% |
| Income taxes | 67/77 | €12,374 | €13,744 | +€1,370 | +11.1% |
| Profit (loss) for the period | 9904 | €16,728 | €22,493 | +€5,765 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,728 | €22,493 | +€5,765 | +34.5% |
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.