ALMOR: what changed
Two fiscal 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.
ALMOR
Largest movements
- Cash -€154,460
down €154,460 (-46.5%), from €332,498 to €178,037
mainly Contributions, distributions and other (-€289,658) and Other debts (-€139,564)
- Other debts -€139,564
down €139,564 (-58.9%), from €236,971 to €97,407
- Tax, wage and social debts -€13,338
down €13,338 (-14.0%), from €95,007 to €81,668
- Gross operating margin +€50,103
up €50,103 (+15.1%), from €332,377 to €382,480
- Taxes +€12,506
up €12,506 (+16.1%), from €77,779 to €90,285
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.
Cash bridge derived
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 | €338,096 | €185,075 | -€153,021 | -45.3% |
| Fixed assets | 21/28 | €5,539 | €3,889 | -€1,651 | -29.8% |
| Tangible fixed assets | 22/27 | €5,539 | €3,889 | -€1,651 | -29.8% |
| Furniture and vehicles | 24 | €5,539 | €3,889 | -€1,651 | -29.8% |
| Current assets | 29/58 | €332,556 | €181,186 | -€151,370 | -45.5% |
| Cash at bank and in hand | 54/58 | €332,498 | €178,037 | -€154,460 | -46.5% |
| Deferred charges and accrued income | 490/1 | €59 | €3,149 | +€3,090 | +5250.6% |
| Total equity and liabilities | 10/49 | €338,096 | €185,075 | -€153,021 | -45.3% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €333,096 | €180,075 | -€153,021 | -45.9% |
| Amounts payable within one year | 42/48 | €333,096 | €180,075 | -€153,021 | -45.9% |
| Trade debts | 44 | €1,118 | €1,000 | -€118 | -10.6% |
| Suppliers | 440/4 | €1,118 | €1,000 | -€118 | -10.6% |
| Taxes, remuneration and social security | 45 | €95,007 | €81,668 | -€13,338 | -14.0% |
| Taxes | 450/3 | €95,007 | €81,668 | -€13,338 | -14.0% |
| Other amounts payable | 47/48 | €236,971 | €97,407 | -€139,564 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,651 | €1,651 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €332,377 | €382,480 | +€50,103 | +15.1% |
| Operating profit (loss) | 9901 | €330,340 | €380,430 | +€50,090 | +15.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €783 | €488 | -€295 | -37.6% |
| Recurring financial charges | 65 | €783 | €488 | -€295 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €329,556 | €379,942 | +€50,386 | +15.3% |
| Income taxes | 67/77 | €77,779 | €90,285 | +€12,506 | +16.1% |
| Profit (loss) for the period | 9904 | €251,777 | €289,658 | +€37,881 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €251,777 | €289,658 | +€37,881 | +15.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.