ALMODI: 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.
ALMODI
Largest movements
- Stocks and contracts -€182,046
down €182,046 (-63.9%), from €285,052 to €103,006
- Receivables within one year -€117,422
down €117,422 (-29.1%), from €403,777 to €286,355
of which Trade receivables: -€130,631
- Cash +€11,676
up €11,676 (+10.1%), from €115,525 to €127,201
mainly Stocks and contracts (+€182,046) and Receivables within one year (+€117,422)
- Trade debts -€342,049
down €342,049 (-89.3%), from €383,162 to €41,113
- Reserves +€62,000
up €62,000 (+391%), from €15,852 to €77,852
of which Distributable reserves: +€62,000
- Other debts +€15,000
up €15,000, from €0 to €15,000
- Tax, wage and social debts -€14,841
down €14,841 (-6.4%), from €233,149 to €218,307
of which Remuneration and social security: -€12,495
- Gross operating margin +€139,781
up €139,781 (+11.2%), from €1.2m to €1.4m
- Staff costs +€69,287
up €69,287 (+5.8%), from €1.2m to €1.3m
- Taxes +€23,707
up €23,707 (+124%), from €19,144 to €42,850
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €812,354 | €527,462 | -€284,892 | -35.1% |
| Fixed assets | 21/28 | €8,000 | €4,574 | -€3,426 | -42.8% |
| Tangible fixed assets | 22/27 | €6,125 | €2,699 | -€3,426 | -55.9% |
| Furniture and vehicles | 24 | €6,125 | €2,699 | -€3,426 | -55.9% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €804,354 | €522,888 | -€281,466 | -35.0% |
| Stocks and contracts in progress | 3 | €285,052 | €103,006 | -€182,046 | -63.9% |
| Stocks | 30/36 | €285,052 | €103,006 | -€182,046 | -63.9% |
| Amounts receivable within one year | 40/41 | €403,777 | €286,355 | -€117,422 | -29.1% |
| Trade receivables | 40 | €385,299 | €254,668 | -€130,631 | -33.9% |
| Other amounts receivable | 41 | €18,478 | €31,687 | +€13,209 | +71.5% |
| Cash at bank and in hand | 54/58 | €115,525 | €127,201 | +€11,676 | +10.1% |
| Deferred charges and accrued income | 490/1 | - | €6,326 | +€6,326 | |
| Total equity and liabilities | 10/49 | €812,354 | €527,462 | -€284,892 | -35.1% |
| Equity | 10/15 | €196,043 | €253,042 | +€56,999 | +29.1% |
| Contributions | 10/11 | €91,775 | €91,775 | = | 0.0% |
| Reserves | 13 | €15,852 | €77,852 | +€62,000 | +391% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €604 | €604 | = | 0.0% |
| Distributable reserves | 133 | €15,248 | €77,248 | +€62,000 | +407% |
| Profit (loss) carried forward | 14 | €88,416 | €83,415 | -€5,001 | -5.7% |
| Amounts payable | 17/49 | €616,311 | €274,420 | -€341,891 | -55.5% |
| Amounts payable within one year | 42/48 | €616,311 | €274,420 | -€341,891 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €383,162 | €41,113 | -€342,049 | -89.3% |
| Suppliers | 440/4 | €383,162 | €41,113 | -€342,049 | -89.3% |
| Taxes, remuneration and social security | 45 | €233,149 | €218,307 | -€14,841 | -6.4% |
| Taxes | 450/3 | €29,596 | €27,250 | -€2,346 | -7.9% |
| Remuneration and social security | 454/9 | €203,552 | €191,057 | -€12,495 | -6.1% |
| Other amounts payable | 47/48 | €0 | €15,000 | +€15,000 | |
| Non-recurring operating income | 76A | - | €21,977 | +€21,977 | |
| Remuneration, social security and pensions | 62 | €1,199,451 | €1,268,737 | +€69,287 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,713 | €3,078 | -€635 | -17.1% |
| Other operating charges | 640/8 | €2,588 | €3,220 | +€631 | +24.4% |
| Non-recurring operating charges | 66A | - | €348 | +€348 | |
| Gross operating margin | 9900 | €1,245,629 | €1,385,410 | +€139,781 | +11.2% |
| Operating profit (loss) | 9901 | €39,877 | €110,027 | +€70,150 | +176% |
| Financial income | 75/76B | €6,665 | €16,869 | +€10,204 | +153% |
| Recurring financial income | 75 | €6,665 | €16,869 | +€10,204 | +153% |
| Financial charges | 65/66B | €4,194 | €12,047 | +€7,852 | +187% |
| Recurring financial charges | 65 | €4,194 | €12,047 | +€7,852 | +187% |
| Profit (loss) for the period before taxes | 9903 | €42,348 | €114,849 | +€72,501 | +171% |
| Income taxes | 67/77 | €19,144 | €42,850 | +€23,707 | +124% |
| Profit (loss) for the period | 9904 | €23,204 | €71,999 | +€48,795 | +210% |
| Profit (loss) for the period to be appropriated | 9905 | €23,204 | €71,999 | +€48,795 | +210% |
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 14 October 2026 via checked.be.