ALMO: 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.
ALMO
Largest movements
- Receivables within one year +€9,021
up €9,021 (+9.1%), from €99,314 to €108,335
of which Other amounts receivable: +€9,021
- Stocks and contracts +€7,669
up €7,669 (+19.3%), from €39,771 to €47,440
- Other debts +€28,649
up €28,649 (+4.5%), from €640,886 to €669,535
- Profit (loss) carried forward -€12,514
down €12,514 (-4.7%), from -€264,645 to -€277,160
- Gross operating margin +€11,960
up €11,960 (+47.4%), from -€25,223 to -€13,263
- Financial income +€753
up €753 (+50.0%), from €1,507 to €2,260
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 | €397,518 | €415,556 | +€18,038 | +4.5% |
| Fixed assets | 21/28 | €256,153 | €256,000 | -€153 | -0.1% |
| Tangible fixed assets | 22/27 | €153 | €0 | -€153 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €153 | €0 | -€153 | -100% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €256,000 | €256,000 | = | 0.0% |
| Current assets | 29/58 | €141,365 | €159,556 | +€18,191 | +12.9% |
| Stocks and contracts in progress | 3 | €39,771 | €47,440 | +€7,669 | +19.3% |
| Stocks | 30/36 | €39,771 | €47,440 | +€7,669 | +19.3% |
| Amounts receivable within one year | 40/41 | €99,314 | €108,335 | +€9,021 | +9.1% |
| Trade receivables | 40 | €38,663 | €38,663 | = | 0.0% |
| Other amounts receivable | 41 | €60,651 | €69,673 | +€9,021 | +14.9% |
| Current investments | 50/53 | €12 | €10 | -€2 | -20.3% |
| Cash at bank and in hand | 54/58 | €1,306 | €2,723 | +€1,418 | +109% |
| Deferred charges and accrued income | 490/1 | €962 | €1,047 | +€86 | +8.9% |
| Total equity and liabilities | 10/49 | €397,518 | €415,556 | +€18,038 | +4.5% |
| Equity | 10/15 | -€243,745 | -€256,260 | -€12,514 | -5.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,645 | -€277,160 | -€12,514 | -4.7% |
| Amounts payable | 17/49 | €641,263 | €671,815 | +€30,552 | +4.8% |
| Amounts payable within one year | 42/48 | €641,263 | €671,815 | +€30,552 | +4.8% |
| Trade debts | 44 | €377 | €2,280 | +€1,903 | +504% |
| Suppliers | 440/4 | €377 | €2,280 | +€1,903 | +504% |
| Other amounts payable | 47/48 | €640,886 | €669,535 | +€28,649 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €153 | -€87 | -36.2% |
| Other operating charges | 640/8 | €995 | €974 | -€21 | -2.1% |
| Gross operating margin | 9900 | -€25,223 | -€13,263 | +€11,960 | +47.4% |
| Operating profit (loss) | 9901 | -€26,457 | -€14,390 | +€12,067 | +45.6% |
| Financial income | 75/76B | €1,507 | €2,260 | +€753 | +50.0% |
| Recurring financial income | 75 | €1,507 | €2,260 | +€753 | +50.0% |
| Financial charges | 65/66B | €81 | €83 | +€3 | +3.1% |
| Recurring financial charges | 65 | €81 | €83 | +€3 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,031 | -€12,214 | +€12,818 | +51.2% |
| Income taxes | 67/77 | €287 | €301 | +€13 | +4.6% |
| Profit (loss) for the period | 9904 | -€25,319 | -€12,514 | +€12,805 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,319 | -€12,514 | +€12,805 | +50.6% |
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 28 October 2026 via checked.be.