ALMOFA: what changed
What changed
ALMOFA
filed annual accounts (NBB)
Net result for the year
€96,841
2024 · €167,215-€70,374
Equity
€3.2m
2024 · €3.1m+€96,841
Cash
€8,536
2024 · €21,791-€13,256
Balance sheet total
€4.1m
2024 · €4.0m+€171,010
Largest movements
Assets
- Receivables within one year +€144,804
up €144,804 (+56.3%), from €257,221 to €402,025
of which Trade receivables: +€127,940
Equity and liabilities
- Trade debts +€121,139
up €121,139 (+74.0%), from €163,653 to €284,792
- Profit (loss) carried forward +€96,841
up €96,841 (+6.6%), from €1.5m to €1.6m
Income statement
- Gross operating margin -€50,829
down €50,829 (-11.6%), from €437,019 to €386,190
- Depreciation +€27,297
up €27,297 (+14.1%), from €193,102 to €220,399
- Taxes -€19,149
down €19,149 (-34.2%), from €55,923 to €36,774
- Other operating charges +€10,744
up €10,744 (+79.8%), from €13,456 to €24,200
- Financial income -€4,657
down €4,657 (-98.4%), from €4,732 to €75
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€167,215
Gross operating margin
-€50,829
Depreciation
-€27,297
Other operating charges
-€10,744
Financial income
-€4,657
Financial charges
+€4,004
Taxes
+€19,149
Result 2025
€96,841
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€249,507
Investment
-€257,045
Financing
-€5,718
Cash 2024
€21,791
From operations (derived)
+€249,507
Net result for the year
+€96,841
Depreciation
+€220,399
Receivables within one year
-€144,804
Deferred charges and accrued income
-€2,816
Trade debts
+€121,139
Tax, wage and social debts
+€8,555
Other debts
-€37,446
Accrued charges and deferred income
-€12,360
Investment (derived)
-€257,045
Investment in fixed assets (net)
-€257,045
Financing
-€5,718
Current portion of long-term debt
-€13,859
Short-term financial debts
+€8,141
Cash 2025
€8,536
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,975,969 | €4,146,978 | +€171,010 | +4.3% |
| Fixed assets | 21/28 | €3,693,777 | €3,730,423 | +€36,646 | +1.0% |
| Tangible fixed assets | 22/27 | €1,815,750 | €1,852,396 | +€36,646 | +2.0% |
| Land and buildings | 22 | €1,356,737 | €1,279,133 | -€77,604 | -5.7% |
| Plant, machinery and equipment | 23 | €458,028 | €572,725 | +€114,696 | +25.0% |
| Furniture and vehicles | 24 | €985 | €539 | -€446 | -45.3% |
| Financial fixed assets | 28 | €1,878,027 | €1,878,027 | = | 0.0% |
| Current assets | 29/58 | €282,192 | €416,555 | +€134,364 | +47.6% |
| Amounts receivable within one year | 40/41 | €257,221 | €402,025 | +€144,804 | +56.3% |
| Trade receivables | 40 | €199,524 | €327,464 | +€127,940 | +64.1% |
| Other amounts receivable | 41 | €57,697 | €74,561 | +€16,864 | +29.2% |
| Cash at bank and in hand | 54/58 | €21,791 | €8,536 | -€13,256 | -60.8% |
| Deferred charges and accrued income | 490/1 | €3,179 | €5,995 | +€2,816 | +88.6% |
| Total equity and liabilities | 10/49 | €3,975,969 | €4,146,978 | +€171,010 | +4.3% |
| Equity | 10/15 | €3,076,078 | €3,172,919 | +€96,841 | +3.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €790,604 | €790,604 | = | 0.0% |
| Reserves | 13 | €661,000 | €661,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €646,000 | €646,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,474,474 | €1,571,314 | +€96,841 | +6.6% |
| Provisions and deferred taxes | 16 | €66,422 | €66,422 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €66,422 | €66,422 | = | 0.0% |
| Pensions and similar obligations | 160 | €66,422 | €66,422 | = | 0.0% |
| Amounts payable | 17/49 | €833,469 | €907,638 | +€74,169 | +8.9% |
| Amounts payable after more than one year | 17 | €32,482 | €32,482 | = | 0.0% |
| Other amounts payable | 178/9 | €32,482 | €32,482 | = | 0.0% |
| Amounts payable within one year | 42/48 | €780,560 | €867,090 | +€86,530 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €55,935 | €42,076 | -€13,859 | -24.8% |
| Financial debts | 43 | €2,439 | €10,580 | +€8,141 | +334% |
| Credit institutions | 430/8 | €222 | €8,423 | +€8,201 | +3,694% |
| Other loans | 439 | €2,217 | €2,158 | -€60 | -2.7% |
| Trade debts | 44 | €163,653 | €284,792 | +€121,139 | +74.0% |
| Suppliers | 440/4 | €163,653 | €284,792 | +€121,139 | +74.0% |
| Taxes, remuneration and social security | 45 | €43,998 | €52,552 | +€8,555 | +19.4% |
| Taxes | 450/3 | €43,998 | €52,552 | +€8,555 | +19.4% |
| Other amounts payable | 47/48 | €514,535 | €477,089 | -€37,446 | -7.3% |
| Accrued charges and deferred income | 492/3 | €20,426 | €8,066 | -€12,360 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,102 | €220,399 | +€27,297 | +14.1% |
| Other operating charges | 640/8 | €13,456 | €24,200 | +€10,744 | +79.8% |
| Gross operating margin | 9900 | €437,019 | €386,190 | -€50,829 | -11.6% |
| Operating profit (loss) | 9901 | €230,461 | €141,592 | -€88,869 | -38.6% |
| Financial income | 75/76B | €4,732 | €75 | -€4,657 | -98.4% |
| Recurring financial income | 75 | €4,732 | €75 | -€4,657 | -98.4% |
| Financial charges | 65/66B | €12,055 | €8,052 | -€4,004 | -33.2% |
| Recurring financial charges | 65 | €12,055 | €8,052 | -€4,004 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €223,138 | €133,615 | -€89,523 | -40.1% |
| Income taxes | 67/77 | €55,923 | €36,774 | -€19,149 | -34.2% |
| Profit (loss) for the period | 9904 | €167,215 | €96,841 | -€70,374 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €167,215 | €96,841 | -€70,374 | -42.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.