ALMAXO: 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.
ALMAXO
Largest movements
- Current investments -€19,777
no longer reported in 2025 (was €19,777)
- Cash +€18,764
up €18,764 (+184%), from €10,188 to €28,952
mainly Current investments (+€19,777) and Depreciation (+€12,945)
- Tangible fixed assets -€10,785
down €10,785 (-30.9%), from €34,879 to €24,094
of which Furniture and vehicles: -€10,961
- Receivables after one year -€9,529
no longer reported in 2025 (was €9,529)
of which Trade receivables: -€9,151
- Receivables within one year +€8,693
new in 2025: €8,693
of which Trade receivables: +€8,639
- Debts after one year -€9,500
down €9,500 (-33.3%), from €28,500 to €19,000
- Profit (loss) carried forward -€6,764
new in 2025: -€6,764
- Tax, wage and social debts +€2,415
up €2,415 (+128%), from €1,882 to €4,296
- Trade debts +€1,089
up €1,089 (+171%), from €638 to €1,727
- Financial charges +€33,067
up €33,067 (+1,729%), from €1,912 to €34,979
- Financial income +€8,381
up €8,381 (+13,399%), from €63 to €8,443
- Staff costs +€4,032
new in 2025: €4,032
- Gross operating margin +€1,929
up €1,929 (+4.5%), from €42,743 to €44,672
- Taxes +€1,308
up €1,308 (+20.5%), from €6,369 to €7,677
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 | €76,343 | €63,926 | -€12,417 | -16.3% |
| Fixed assets | 21/28 | €34,879 | €24,094 | -€10,785 | -30.9% |
| Tangible fixed assets | 22/27 | €34,879 | €24,094 | -€10,785 | -30.9% |
| Plant, machinery and equipment | 23 | €1,740 | €1,916 | +€176 | +10.1% |
| Furniture and vehicles | 24 | €33,139 | €22,178 | -€10,961 | -33.1% |
| Current assets | 29/58 | €41,463 | €39,832 | -€1,631 | -3.9% |
| Amounts receivable after more than one year | 29 | €9,529 | - | -€9,529 | |
| Trade receivables | 290 | €9,151 | - | -€9,151 | |
| Other amounts receivable | 291 | €378 | - | -€378 | |
| Amounts receivable within one year | 40/41 | - | €8,693 | +€8,693 | |
| Trade receivables | 40 | - | €8,639 | +€8,639 | |
| Other amounts receivable | 41 | - | €54 | +€54 | |
| Current investments | 50/53 | €19,777 | - | -€19,777 | |
| Cash at bank and in hand | 54/58 | €10,188 | €28,952 | +€18,764 | +184% |
| Deferred charges and accrued income | 490/1 | €1,969 | €2,186 | +€217 | +11.0% |
| Total equity and liabilities | 10/49 | €76,343 | €63,926 | -€12,417 | -16.3% |
| Equity | 10/15 | €29,578 | €22,814 | -€6,764 | -22.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,578 | €26,578 | = | 0.0% |
| Distributable reserves | 133 | €26,578 | €26,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,764 | -€6,764 | |
| Amounts payable | 17/49 | €46,765 | €41,112 | -€5,653 | -12.1% |
| Amounts payable after more than one year | 17 | €28,500 | €19,000 | -€9,500 | -33.3% |
| Financial debts | 170/4 | €28,500 | €19,000 | -€9,500 | -33.3% |
| Amounts payable within one year | 42/48 | €18,265 | €22,112 | +€3,847 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €9,500 | €9,500 | = | 0.0% |
| Trade debts | 44 | €638 | €1,727 | +€1,089 | +171% |
| Suppliers | 440/4 | €638 | €1,727 | +€1,089 | +171% |
| Taxes, remuneration and social security | 45 | €1,882 | €4,296 | +€2,415 | +128% |
| Taxes | 450/3 | €1,882 | €4,296 | +€2,415 | +128% |
| Other amounts payable | 47/48 | €6,245 | €6,588 | +€343 | +5.5% |
| Remuneration, social security and pensions | 62 | - | €4,032 | +€4,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,091 | €12,945 | +€854 | +7.1% |
| Other operating charges | 640/8 | €181 | €247 | +€66 | +36.6% |
| Gross operating margin | 9900 | €42,743 | €44,672 | +€1,929 | +4.5% |
| Operating profit (loss) | 9901 | €30,471 | €27,448 | -€3,023 | -9.9% |
| Financial income | 75/76B | €63 | €8,443 | +€8,381 | +13,399% |
| Recurring financial income | 75 | €63 | €8,443 | +€8,381 | +13,399% |
| Financial charges | 65/66B | €1,912 | €34,979 | +€33,067 | +1,729% |
| Recurring financial charges | 65 | €1,912 | €34,979 | +€33,067 | +1,729% |
| Profit (loss) for the period before taxes | 9903 | €28,621 | €913 | -€27,709 | -96.8% |
| Income taxes | 67/77 | €6,369 | €7,677 | +€1,308 | +20.5% |
| Profit (loss) for the period | 9904 | €22,253 | -€6,764 | -€29,017 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,253 | -€6,764 | -€29,017 |
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 13 October 2026 via checked.be.