ALMECO: 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.
What changed
ALMECO
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€251
2024 · €40,596-€40,345
Equity
€1.4m
2024 · €1.4m-€8,867
Cash
€243,867
2024 · €61,856+€182,012
Balance sheet total
€3.3m
2024 · €3.5m-€126,423
Largest movements
Assets
- Stocks and contracts -€205,852
down €205,852 (-12.8%), from €1.6m to €1.4m
- Cash +€182,012
up €182,012 (+294%), from €61,856 to €243,867
mainly Stocks and contracts (+€205,852) and Receivables within one year (+€101,812)
- Receivables within one year -€101,812
down €101,812 (-8.6%), from €1.2m to €1.1m
of which Trade receivables: -€179,324
Equity and liabilities
- Advances received -€152,081
down €152,081 (-38.9%), from €390,757 to €238,676
- Tax, wage and social debts +€54,653
up €54,653 (+28.8%), from €190,078 to €244,731
of which Remuneration and social security: +€29,104
- Trade debts +€50,514
up €50,514 (+5.5%), from €910,242 to €960,756
- Other debts -€41,970
down €41,970 (-9.9%), from €423,885 to €381,914
Income statement
- Staff costs +€76,488
up €76,488 (+4.0%), from €1.9m to €2.0m
- Gross operating margin +€37,048
up €37,048 (+1.8%), from €2.0m to €2.1m
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
€40,596
Gross operating margin
+€37,048
Staff costs
-€76,488
Depreciation
+€7,721
Other operating charges
-€3,496
Other operating items
-€4,943
Financial income
-€16,863
Financial charges
+€18,569
Taxes
-€1,892
Result 2025
€251
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€274,184
Investment
-€51,802
Financing
-€40,371
Cash 2024
€61,856
From operations (derived)
+€274,184
Net result for the year
+€251
Depreciation
+€52,573
Stocks and contracts
+€205,852
Receivables within one year
+€101,812
Provisions
-€1,819
Trade debts
+€50,514
Tax, wage and social debts
+€54,653
Advances received
-€152,081
Other debts
-€41,970
Accrued charges and deferred income
+€4,400
Investment (derived)
-€51,802
Investment in fixed assets (net)
-€51,802
Financing
-€40,371
Debts after one year
-€26,894
Current portion of long-term debt
-€4,357
Contributions, distributions and other
-€9,119
Cash 2025
€243,867
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,466,639 | €3,340,216 | -€126,423 | -3.6% |
| Fixed assets | 21/28 | €195,164 | €194,393 | -€771 | -0.4% |
| Tangible fixed assets | 22/27 | €195,164 | €194,393 | -€771 | -0.4% |
| Plant, machinery and equipment | 23 | €100,802 | €131,302 | +€30,500 | +30.3% |
| Furniture and vehicles | 24 | €94,362 | €63,091 | -€31,271 | -33.1% |
| Current assets | 29/58 | €3,271,475 | €3,145,823 | -€125,652 | -3.8% |
| Stocks and contracts in progress | 3 | €1,614,148 | €1,408,296 | -€205,852 | -12.8% |
| Stocks | 30/36 | €1,614,148 | €1,408,296 | -€205,852 | -12.8% |
| Amounts receivable within one year | 40/41 | €1,187,532 | €1,085,720 | -€101,812 | -8.6% |
| Trade receivables | 40 | €1,119,391 | €940,067 | -€179,324 | -16.0% |
| Other amounts receivable | 41 | €68,141 | €145,652 | +€77,511 | +114% |
| Current investments | 50/53 | €407,940 | €407,940 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,856 | €243,867 | +€182,012 | +294% |
| Total equity and liabilities | 10/49 | €3,466,639 | €3,340,216 | -€126,423 | -3.6% |
| Equity | 10/15 | €1,365,702 | €1,356,834 | -€8,867 | -0.6% |
| Contributions | 10/11 | €142,241 | €142,241 | = | 0.0% |
| Capital | 10 | €142,241 | €142,241 | = | 0.0% |
| Issued capital | 100 | €142,241 | €142,241 | = | 0.0% |
| Reserves | 13 | €1,196,105 | €1,196,356 | +€251 | 0.0% |
| Non-distributable reserves | 130/1 | €14,224 | €14,224 | = | 0.0% |
| Legal reserve | 130 | €14,224 | €14,224 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,674 | €14,674 | = | 0.0% |
| Distributable reserves | 133 | €1,167,207 | €1,167,458 | +€251 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €27,356 | €18,237 | -€9,119 | -33.3% |
| Provisions and deferred taxes | 16 | €5,457 | €3,638 | -€1,819 | -33.3% |
| Deferred taxes | 168 | €5,457 | €3,638 | -€1,819 | -33.3% |
| Amounts payable | 17/49 | €2,095,481 | €1,979,744 | -€115,737 | -5.5% |
| Amounts payable after more than one year | 17 | €149,267 | €122,372 | -€26,894 | -18.0% |
| Financial debts | 170/4 | €149,267 | €122,372 | -€26,894 | -18.0% |
| Amounts payable within one year | 42/48 | €1,946,214 | €1,852,972 | -€93,243 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €31,252 | €26,894 | -€4,357 | -13.9% |
| Trade debts | 44 | €910,242 | €960,756 | +€50,514 | +5.5% |
| Suppliers | 440/4 | €910,242 | €960,756 | +€50,514 | +5.5% |
| Advances received on contracts in progress | 46 | €390,757 | €238,676 | -€152,081 | -38.9% |
| Taxes, remuneration and social security | 45 | €190,078 | €244,731 | +€54,653 | +28.8% |
| Taxes | 450/3 | €0 | €25,549 | +€25,549 | |
| Remuneration and social security | 454/9 | €190,078 | €219,182 | +€29,104 | +15.3% |
| Other amounts payable | 47/48 | €423,885 | €381,914 | -€41,970 | -9.9% |
| Accrued charges and deferred income | 492/3 | - | €4,400 | +€4,400 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,892,082 | €1,968,570 | +€76,488 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,294 | €52,573 | -€7,721 | -12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,246 | €13,742 | +€3,496 | +34.1% |
| Non-recurring operating charges | 66A | - | €4,943 | +€4,943 | |
| Gross operating margin | 9900 | €2,037,797 | €2,074,845 | +€37,048 | +1.8% |
| Operating profit (loss) | 9901 | €75,175 | €35,017 | -€40,158 | -53.4% |
| Financial income | 75/76B | €37,883 | €21,019 | -€16,863 | -44.5% |
| Recurring financial income | 75 | €37,733 | €21,019 | -€16,713 | -44.3% |
| Non-recurring financial income | 76B | €150 | €0 | -€150 | -100% |
| Financial charges | 65/66B | €47,027 | €28,459 | -€18,569 | -39.5% |
| Recurring financial charges | 65 | €47,027 | €28,459 | -€18,569 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €66,030 | €27,577 | -€38,453 | -58.2% |
| Transfer from deferred taxes | 780 | €1,819 | €1,819 | = | 0.0% |
| Income taxes | 67/77 | €27,253 | €29,145 | +€1,892 | +6.9% |
| Profit (loss) for the period | 9904 | €40,596 | €251 | -€40,345 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,596 | €251 | -€40,345 | -99.4% |
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.