ALMER SHIPPING: 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.
ALMER SHIPPING
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+61.1%), from €1.9m to €3.1m
of which Furniture and vehicles: +€1.5m
- Cash -€37,816
down €37,816 (-70.7%), from €53,509 to €15,693
mainly Investment in fixed assets (net) (-€1.2m) and Receivables within one year (-€21,488)
- Reserves +€428,843
up €428,843 (+383%), from €112,000 to €540,843
- Profit (loss) carried forward +€260,881
no longer reported in 2025 (was -€260,881)
- Debts after one year +€161,750
up €161,750 (+8.4%), from €1.9m to €2.1m
- Current portion of long-term debt +€146,333
up €146,333 (+125%), from €116,667 to €263,000
- Short-term financial debts +€100,000
up €100,000, from €0 to €100,000
- Gross operating margin +€641,199
up €641,199 (+215%), from €297,619 to €938,818
- Depreciation -€281,742
down €281,742 (-92.4%), from €304,756 to €23,014
- Taxes +€145,000
up €145,000, from €0 to €145,000
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 | €2,118,699 | €3,257,871 | +€1.1m | +53.8% |
| Fixed assets | 21/28 | €1,893,723 | €3,050,111 | +€1.2m | +61.1% |
| Tangible fixed assets | 22/27 | €1,893,723 | €3,050,111 | +€1.2m | +61.1% |
| Plant, machinery and equipment | 23 | €317,465 | €20,015 | -€297,450 | -93.7% |
| Furniture and vehicles | 24 | €1,576,258 | €3,030,096 | +€1.5m | +92.2% |
| Current assets | 29/58 | €224,976 | €207,760 | -€17,216 | -7.7% |
| Amounts receivable within one year | 40/41 | €69,232 | €90,720 | +€21,488 | +31.0% |
| Trade receivables | 40 | €53,648 | €8,050 | -€45,598 | -85.0% |
| Other amounts receivable | 41 | €15,584 | €82,670 | +€67,086 | +430% |
| Current investments | 50/53 | €101,347 | €101,347 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €53,509 | €15,693 | -€37,816 | -70.7% |
| Deferred charges and accrued income | 490/1 | €889 | - | -€889 | |
| Total equity and liabilities | 10/49 | €2,118,699 | €3,257,871 | +€1.1m | +53.8% |
| Equity | 10/15 | -€23,881 | €665,843 | +€689,724 | |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €112,000 | €540,843 | +€428,843 | +383% |
| Distributable reserves | 133 | €112,000 | €540,843 | +€428,843 | +383% |
| Profit (loss) carried forward | 14 | -€260,881 | - | +€260,881 | |
| Amounts payable | 17/49 | €2,142,580 | €2,592,028 | +€449,448 | +21.0% |
| Amounts payable after more than one year | 17 | €1,925,000 | €2,086,750 | +€161,750 | +8.4% |
| Financial debts | 170/4 | €1,925,000 | €2,086,750 | +€161,750 | +8.4% |
| Amounts payable within one year | 42/48 | €216,214 | €504,352 | +€288,138 | +133% |
| Current portion of amounts payable after more than one year | 42 | €116,667 | €263,000 | +€146,333 | +125% |
| Financial debts | 43 | €0 | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | €0 | €100,000 | +€100,000 | |
| Trade debts | 44 | €95,687 | €141,352 | +€45,665 | +47.7% |
| Suppliers | 440/4 | €95,687 | €141,352 | +€45,665 | +47.7% |
| Taxes, remuneration and social security | 45 | €1,330 | - | -€1,330 | |
| Taxes | 450/3 | €1,330 | - | -€1,330 | |
| Other amounts payable | 47/48 | €2,531 | - | -€2,531 | |
| Accrued charges and deferred income | 492/3 | €1,365 | €926 | -€439 | -32.2% |
| Non-recurring operating income | 76A | - | €907,024 | +€907,024 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304,756 | €23,014 | -€281,742 | -92.4% |
| Other operating charges | 640/8 | €2,945 | €7,776 | +€4,831 | +164% |
| Gross operating margin | 9900 | €297,619 | €938,818 | +€641,199 | +215% |
| Operating profit (loss) | 9901 | -€10,082 | €908,028 | +€918,110 | |
| Financial income | 75/76B | €136 | €94 | -€42 | -30.7% |
| Recurring financial income | 75 | €136 | €94 | -€42 | -30.7% |
| Financial charges | 65/66B | €64,199 | €73,398 | +€9,199 | +14.3% |
| Recurring financial charges | 65 | €64,199 | €73,398 | +€9,199 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€74,145 | €834,724 | +€908,869 | |
| Income taxes | 67/77 | €0 | €145,000 | +€145,000 | |
| Profit (loss) for the period | 9904 | -€74,145 | €689,724 | +€763,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,145 | €689,724 | +€763,869 |
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 26 October 2026 via checked.be.