ALMIRS: 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.
ALMIRS
Largest movements
- Stocks and contracts +€239,674
up €239,674 (+222%), from €108,024 to €347,698
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Cash +€9,603
up €9,603 (+285%), from €3,373 to €12,976
mainly Debts after one year (+€208,050) and Net result for the year (+€57,690)
- Debts after one year +€208,050
new in 2025: €208,050
- Reserves +€57,690
up €57,690 (+62.0%), from €93,059 to €150,749
- Trade debts -€35,129
down €35,129 (-60.2%), from €58,340 to €23,211
- Accrued charges and deferred income -€11,191
no longer reported in 2025 (was €11,191)
- Gross operating margin +€70,646
up €70,646 (+645%), from €10,952 to €81,598
- Taxes +€13,828
up €13,828 (+824%), from €1,678 to €15,506
- Other operating charges +€2,223
up €2,223 (+3,585%), from €62 to €2,285
- Financial charges +€2,128
up €2,128 (+2,317%), from €92 to €2,220
- Depreciation +€2,076
up €2,076 (+197%), from €1,055 to €3,131
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 | €208,754 | €429,188 | +€220,434 | +106% |
| Fixed assets | 21/28 | €13,428 | €13,590 | +€162 | +1.2% |
| Tangible fixed assets | 22/27 | €13,428 | €13,590 | +€162 | +1.2% |
| Plant, machinery and equipment | 23 | €11,514 | €12,154 | +€641 | +5.6% |
| Furniture and vehicles | 24 | €1,915 | €1,436 | -€479 | -25.0% |
| Current assets | 29/58 | €195,326 | €415,597 | +€220,272 | +113% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Trade receivables | 290 | €30,000 | - | -€30,000 | |
| Stocks and contracts in progress | 3 | €108,024 | €347,698 | +€239,674 | +222% |
| Stocks | 30/36 | €108,024 | €347,698 | +€239,674 | +222% |
| Amounts receivable within one year | 40/41 | €46,337 | €48,940 | +€2,603 | +5.6% |
| Trade receivables | 40 | €3,662 | €47,673 | +€44,011 | +1,202% |
| Other amounts receivable | 41 | €42,675 | €1,267 | -€41,408 | -97.0% |
| Cash at bank and in hand | 54/58 | €3,373 | €12,976 | +€9,603 | +285% |
| Deferred charges and accrued income | 490/1 | €7,592 | €5,984 | -€1,608 | -21.2% |
| Total equity and liabilities | 10/49 | €208,754 | €429,188 | +€220,434 | +106% |
| Equity | 10/15 | €95,559 | €153,249 | +€57,690 | +60.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €93,059 | €150,749 | +€57,690 | +62.0% |
| Distributable reserves | 133 | €93,059 | €150,749 | +€57,690 | +62.0% |
| Amounts payable | 17/49 | €113,195 | €275,939 | +€162,744 | +144% |
| Amounts payable after more than one year | 17 | - | €208,050 | +€208,050 | |
| Financial debts | 170/4 | - | €208,050 | +€208,050 | |
| Amounts payable within one year | 42/48 | €102,004 | €67,889 | -€34,115 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,932 | +€2,932 | |
| Trade debts | 44 | €58,340 | €23,211 | -€35,129 | -60.2% |
| Suppliers | 440/4 | €58,340 | €23,211 | -€35,129 | -60.2% |
| Taxes, remuneration and social security | 45 | €30,161 | €29,022 | -€1,139 | -3.8% |
| Taxes | 450/3 | €30,161 | €28,037 | -€2,125 | -7.0% |
| Remuneration and social security | 454/9 | - | €985 | +€985 | |
| Other amounts payable | 47/48 | €13,502 | €12,724 | -€778 | -5.8% |
| Accrued charges and deferred income | 492/3 | €11,191 | - | -€11,191 | |
| Remuneration, social security and pensions | 62 | - | €1,134 | +€1,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,055 | €3,131 | +€2,076 | +197% |
| Other operating charges | 640/8 | €62 | €2,285 | +€2,223 | +3,585% |
| Gross operating margin | 9900 | €10,952 | €81,598 | +€70,646 | +645% |
| Operating profit (loss) | 9901 | €9,835 | €75,048 | +€65,213 | +663% |
| Financial income | 75/76B | €32 | €368 | +€336 | +1,034% |
| Recurring financial income | 75 | €32 | €368 | +€336 | +1,034% |
| Financial charges | 65/66B | €92 | €2,220 | +€2,128 | +2,317% |
| Recurring financial charges | 65 | €92 | €2,220 | +€2,128 | +2,317% |
| Profit (loss) for the period before taxes | 9903 | €9,776 | €73,196 | +€63,420 | +649% |
| Income taxes | 67/77 | €1,678 | €15,506 | +€13,828 | +824% |
| Profit (loss) for the period | 9904 | €8,097 | €57,690 | +€49,593 | +612% |
| Profit (loss) for the period to be appropriated | 9905 | €8,097 | €57,690 | +€49,593 | +612% |
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 19 October 2026 via checked.be.