ALMI: 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.
ALMI
Largest movements
- Tangible fixed assets -€711,283
down €711,283 (-85.2%), from €834,926 to €123,643
of which Land and buildings: -€786,703
- Receivables within one year +€331,587
up €331,587 (+995%), from €33,309 to €364,895
of which Trade receivables: +€327,918
- Cash +€68,091
up €68,091 (+690%), from €9,874 to €77,965
mainly Depreciation (+€827,283) and Current portion of long-term debt (+€35,999)
- Debts after one year -€196,701
no longer reported in 2025 (was €196,701)
- Other debts -€149,519
down €149,519 (-48.2%), from €309,885 to €160,366
- Current portion of long-term debt +€35,999
new in 2025: €35,999
- Profit (loss) carried forward +€14,387
up €14,387 (+10.2%), from €140,673 to €155,060
- Trade debts -€10,557
down €10,557 (-79.4%), from €13,288 to €2,731
- Depreciation +€786,817
up €786,817 (+1,944%), from €40,466 to €827,283
- Gross operating margin +€752,908
up €752,908 (+401%), from €187,914 to €940,822
- Financial charges -€25,127
down €25,127 (-82.1%), from €30,596 to €5,470
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 | €878,299 | €566,694 | -€311,606 | -35.5% |
| Fixed assets | 21/28 | €835,116 | €123,833 | -€711,283 | -85.2% |
| Tangible fixed assets | 22/27 | €834,926 | €123,643 | -€711,283 | -85.2% |
| Land and buildings | 22 | €798,631 | €11,928 | -€786,703 | -98.5% |
| Plant, machinery and equipment | 23 | €20,023 | €2,643 | -€17,380 | -86.8% |
| Furniture and vehicles | 24 | €16,272 | €109,072 | +€92,800 | +570% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €43,183 | €442,861 | +€399,678 | +926% |
| Amounts receivable within one year | 40/41 | €33,309 | €364,895 | +€331,587 | +995% |
| Trade receivables | 40 | €23,198 | €351,116 | +€327,918 | +1,414% |
| Other amounts receivable | 41 | €10,111 | €13,779 | +€3,669 | +36.3% |
| Cash at bank and in hand | 54/58 | €9,874 | €77,965 | +€68,091 | +690% |
| Total equity and liabilities | 10/49 | €878,299 | €566,694 | -€311,606 | -35.5% |
| Equity | 10/15 | €327,673 | €342,060 | +€14,387 | +4.4% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Contributions outside capital | 11 | €170,000 | €170,000 | = | 0.0% |
| Other | 1109/19 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,673 | €155,060 | +€14,387 | +10.2% |
| Amounts payable | 17/49 | €550,627 | €224,634 | -€325,993 | -59.2% |
| Amounts payable after more than one year | 17 | €196,701 | - | -€196,701 | |
| Financial debts | 170/4 | €196,701 | - | -€196,701 | |
| Amounts payable within one year | 42/48 | €353,926 | €224,634 | -€129,292 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | - | €35,999 | +€35,999 | |
| Trade debts | 44 | €13,288 | €2,731 | -€10,557 | -79.4% |
| Suppliers | 440/4 | €13,288 | €2,731 | -€10,557 | -79.4% |
| Taxes, remuneration and social security | 45 | €30,753 | €25,537 | -€5,215 | -17.0% |
| Taxes | 450/3 | €10,991 | €10,051 | -€940 | -8.6% |
| Remuneration and social security | 454/9 | €19,761 | €15,486 | -€4,275 | -21.6% |
| Other amounts payable | 47/48 | €309,885 | €160,366 | -€149,519 | -48.2% |
| Remuneration, social security and pensions | 62 | €87,176 | €81,027 | -€6,148 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,466 | €827,283 | +€786,817 | +1,944% |
| Other operating charges | 640/8 | €2,197 | €3,624 | +€1,427 | +65.0% |
| Gross operating margin | 9900 | €187,914 | €940,822 | +€752,908 | +401% |
| Operating profit (loss) | 9901 | €58,075 | €28,888 | -€29,187 | -50.3% |
| Financial charges | 65/66B | €30,596 | €5,470 | -€25,127 | -82.1% |
| Recurring financial charges | 65 | €30,596 | €5,470 | -€25,127 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €27,479 | €23,418 | -€4,061 | -14.8% |
| Income taxes | 67/77 | €6,669 | €9,031 | +€2,362 | +35.4% |
| Profit (loss) for the period | 9904 | €20,810 | €14,387 | -€6,423 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,810 | €14,387 | -€6,423 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.