ALME²X: 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.
ALME²X
Largest movements
- Tangible fixed assets -€604,724
down €604,724 (-8.2%), from €7.3m to €6.7m
- Cash +€90,214
up €90,214 (+8,087%), from €1,116 to €91,330
mainly Depreciation (+€320,724) and Investment in fixed assets (net) (+€284,500)
- Debts after one year -€472,168
down €472,168 (-9.0%), from €5.2m to €4.8m
- Other debts +€273,007
up €273,007 (+31.0%), from €880,487 to €1.2m
- Current portion of long-term debt -€134,909
down €134,909 (-36.2%), from €372,609 to €237,700
- Reserves -€93,322
down €93,322 (-11.3%), from €823,358 to €730,037
of which Distributable reserves: -€93,322
- Financial charges +€47,527
up €47,527 (+27.1%), from €175,397 to €222,925
- Taxes -€41,449
no longer reported in 2025 (was €41,449)
- Depreciation -€38,650
down €38,650 (-10.8%), from €359,374 to €320,724
- Gross operating margin +€14,567
up €14,567 (+1.9%), from €752,608 to €767,175
- Other operating charges +€14,482
up €14,482 (+37.9%), from €38,258 to €52,740
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 | €7,418,982 | €6,910,962 | -€508,020 | -6.8% |
| Fixed assets | 21/28 | €7,350,475 | €6,745,251 | -€605,224 | -8.2% |
| Tangible fixed assets | 22/27 | €7,348,370 | €6,743,646 | -€604,724 | -8.2% |
| Land and buildings | 22 | €6,721,601 | €6,445,801 | -€275,800 | -4.1% |
| Plant, machinery and equipment | 23 | €342,769 | €297,845 | -€44,924 | -13.1% |
| Leasing and similar rights | 25 | €284,000 | - | -€284,000 | |
| Financial fixed assets | 28 | €2,105 | €1,605 | -€500 | -23.8% |
| Current assets | 29/58 | €68,506 | €165,711 | +€97,204 | +142% |
| Amounts receivable within one year | 40/41 | €53,166 | €65,337 | +€12,171 | +22.9% |
| Trade receivables | 40 | €44,615 | €6,786 | -€37,829 | -84.8% |
| Other amounts receivable | 41 | €8,551 | €58,551 | +€50,000 | +585% |
| Cash at bank and in hand | 54/58 | €1,116 | €91,330 | +€90,214 | +8,087% |
| Deferred charges and accrued income | 490/1 | €14,225 | €9,043 | -€5,181 | -36.4% |
| Total equity and liabilities | 10/49 | €7,418,982 | €6,910,962 | -€508,020 | -6.8% |
| Equity | 10/15 | €841,958 | €748,637 | -€93,322 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €823,358 | €730,037 | -€93,322 | -11.3% |
| Tax-exempt reserves | 132 | €40,548 | €40,548 | = | 0.0% |
| Distributable reserves | 133 | €782,810 | €689,488 | -€93,322 | -11.9% |
| Amounts payable | 17/49 | €6,577,023 | €6,162,325 | -€414,698 | -6.3% |
| Amounts payable after more than one year | 17 | €5,238,149 | €4,765,982 | -€472,168 | -9.0% |
| Financial debts | 170/4 | €5,238,149 | €4,765,982 | -€472,168 | -9.0% |
| Amounts payable within one year | 42/48 | €1,338,874 | €1,396,343 | +€57,469 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €372,609 | €237,700 | -€134,909 | -36.2% |
| Financial debts | 43 | €23,440 | - | -€23,440 | |
| Credit institutions | 430/8 | €23,440 | - | -€23,440 | |
| Trade debts | 44 | €62,338 | €5,150 | -€57,188 | -91.7% |
| Suppliers | 440/4 | €62,338 | €5,150 | -€57,188 | -91.7% |
| Other amounts payable | 47/48 | €880,487 | €1,153,493 | +€273,007 | +31.0% |
| Non-recurring operating income | 76A | - | €40,000 | +€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359,374 | €320,724 | -€38,650 | -10.8% |
| Other operating charges | 640/8 | €38,258 | €52,740 | +€14,482 | +37.9% |
| Non-recurring operating charges | 66A | - | €264,800 | +€264,800 | |
| Gross operating margin | 9900 | €752,608 | €767,175 | +€14,567 | +1.9% |
| Operating profit (loss) | 9901 | €354,976 | €128,910 | -€226,066 | -63.7% |
| Financial income | 75/76B | €3,490 | €693 | -€2,798 | -80.2% |
| Recurring financial income | 75 | €3,490 | €693 | -€2,798 | -80.2% |
| Financial charges | 65/66B | €175,397 | €222,925 | +€47,527 | +27.1% |
| Recurring financial charges | 65 | €175,397 | €222,925 | +€47,527 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €183,069 | -€93,322 | -€276,391 | |
| Income taxes | 67/77 | €41,449 | - | -€41,449 | |
| Profit (loss) for the period | 9904 | €141,620 | -€93,322 | -€234,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,620 | -€93,322 | -€234,942 |
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 31 October 2026 via checked.be.