ALMERO: 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.
ALMERO
Largest movements
- Tangible fixed assets +€187,733
up €187,733 (+135%), from €138,824 to €326,558
of which Land and buildings: +€166,940
- Receivables within one year +€27,203
up €27,203 (+63.0%), from €43,186 to €70,389
of which Other amounts receivable: +€20,688
- Stocks and contracts +€26,257
up €26,257 (+9.0%), from €292,043 to €318,300
of which Stocks: +€126,257
- Cash +€25,537
up €25,537 (+67.5%), from €37,838 to €63,375
mainly Debts after one year (+€196,049) and Net result for the year (+€86,643)
- Debts after one year +€196,049
up €196,049 (+66.3%), from €295,778 to €491,827
- Profit (loss) carried forward +€66,643
up €66,643 (+54.9%), from €121,492 to €188,135
- Tax, wage and social debts -€11,102
down €11,102 (-47.0%), from €23,606 to €12,504
of which Remuneration and social security: -€6,102
- Current portion of long-term debt +€8,619
up €8,619 (+48.0%), from €17,960 to €26,580
- Gross operating margin +€38,832
up €38,832 (+30.1%), from €128,949 to €167,781
- Depreciation +€26,035
up €26,035 (+538%), from €4,836 to €30,871
- Financial charges +€11,383
up €11,383 (+153%), from €7,452 to €18,835
- Taxes +€10,647
up €10,647 (+64.0%), from €16,633 to €27,280
- Other operating charges +€2,263
up €2,263 (+120%), from €1,892 to €4,155
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 | €515,238 | €780,536 | +€265,298 | +51.5% |
| Fixed assets | 21/28 | €139,389 | €326,873 | +€187,483 | +135% |
| Tangible fixed assets | 22/27 | €138,824 | €326,558 | +€187,733 | +135% |
| Land and buildings | 22 | €138,730 | €305,670 | +€166,940 | +120% |
| Furniture and vehicles | 24 | €94 | €20,888 | +€20,793 | +22,074% |
| Financial fixed assets | 28 | €565 | €315 | -€250 | -44.2% |
| Current assets | 29/58 | €375,849 | €453,663 | +€77,814 | +20.7% |
| Stocks and contracts in progress | 3 | €292,043 | €318,300 | +€26,257 | +9.0% |
| Stocks | 30/36 | €192,043 | €318,300 | +€126,257 | +65.7% |
| Contracts in progress | 37 | €100,000 | - | -€100,000 | |
| Amounts receivable within one year | 40/41 | €43,186 | €70,389 | +€27,203 | +63.0% |
| Trade receivables | 40 | €43,186 | €49,701 | +€6,515 | +15.1% |
| Other amounts receivable | 41 | - | €20,688 | +€20,688 | |
| Cash at bank and in hand | 54/58 | €37,838 | €63,375 | +€25,537 | +67.5% |
| Deferred charges and accrued income | 490/1 | €2,781 | €1,599 | -€1,182 | -42.5% |
| Total equity and liabilities | 10/49 | €515,238 | €780,536 | +€265,298 | +51.5% |
| Equity | 10/15 | €131,492 | €198,135 | +€66,643 | +50.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,492 | €188,135 | +€66,643 | +54.9% |
| Amounts payable | 17/49 | €383,746 | €582,401 | +€198,655 | +51.8% |
| Amounts payable after more than one year | 17 | €295,778 | €491,827 | +€196,049 | +66.3% |
| Financial debts | 170/4 | €295,778 | €491,827 | +€196,049 | +66.3% |
| Amounts payable within one year | 42/48 | €86,855 | €84,294 | -€2,560 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €17,960 | €26,580 | +€8,619 | +48.0% |
| Financial debts | 43 | €31 | - | -€31 | |
| Credit institutions | 430/8 | €31 | - | -€31 | |
| Trade debts | 44 | €1,122 | €5,211 | +€4,089 | +364% |
| Suppliers | 440/4 | €1,122 | €5,211 | +€4,089 | +364% |
| Advances received on contracts in progress | 46 | €4,135 | - | -€4,135 | |
| Taxes, remuneration and social security | 45 | €23,606 | €12,504 | -€11,102 | -47.0% |
| Taxes | 450/3 | €12,245 | €7,245 | -€5,000 | -40.8% |
| Remuneration and social security | 454/9 | €11,361 | €5,259 | -€6,102 | -53.7% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,113 | €6,279 | +€5,166 | +464% |
| Non-recurring operating income | 76A | €12,863 | - | -€12,863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,836 | €30,871 | +€26,035 | +538% |
| Other operating charges | 640/8 | €1,892 | €4,155 | +€2,263 | +120% |
| Gross operating margin | 9900 | €128,949 | €167,781 | +€38,832 | +30.1% |
| Operating profit (loss) | 9901 | €122,221 | €132,756 | +€10,534 | +8.6% |
| Financial income | 75/76B | €22 | €2 | -€20 | -90.3% |
| Recurring financial income | 75 | €22 | €2 | -€20 | -90.3% |
| Financial charges | 65/66B | €7,452 | €18,835 | +€11,383 | +153% |
| Recurring financial charges | 65 | €7,452 | €18,835 | +€11,383 | +153% |
| Profit (loss) for the period before taxes | 9903 | €114,791 | €113,923 | -€868 | -0.8% |
| Income taxes | 67/77 | €16,633 | €27,280 | +€10,647 | +64.0% |
| Profit (loss) for the period | 9904 | €98,158 | €86,643 | -€11,516 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,158 | €86,643 | -€11,516 | -11.7% |
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 22 October 2026 via checked.be.