EL ALAMI: 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.
EL ALAMI
Largest movements
- Cash -€67,243
down €67,243 (-30.1%), from €223,723 to €156,480
mainly Investment in fixed assets (net) (-€77,425) and Contributions, distributions and other (-€71,429)
- Receivables within one year +€38,978
up €38,978 (+51.2%), from €76,054 to €115,032
of which Other amounts receivable: +€31,383
- Tangible fixed assets -€9,950
down €9,950 (-2.7%), from €373,204 to €363,254
of which Land and buildings: -€58,279
- Profit (loss) carried forward -€68,086
down €68,086 (-15.1%), from €451,965 to €383,879
- Other debts +€41,807
up €41,807 (+510.3%), from €8,193 to €50,000
- Debts after one year -€34,341
down €34,341 (-35.9%), from €95,665 to €61,324
of which Financial debts: -€34,341
- Reserves +€30,000
up €30,000 (+1612.9%), from €1,860 to €31,860
of which Distributable reserves: +€30,000
- Trade debts -€16,936
down €16,936 (-76.1%), from €22,251 to €5,315
- Gross operating margin -€99,130
down €99,130 (-27.0%), from €367,176 to €268,046
- Staff costs +€46,620
up €46,620 (+65.9%), from €70,704 to €117,324
- Taxes -€35,206
down €35,206 (-71.2%), from €49,428 to €14,221
- Depreciation +€7,837
up €7,837 (+9.9%), from €79,539 to €87,375
- Financial charges -€3,935
down €3,935 (-73.2%), from €5,373 to €1,438
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 | €679,296 | €639,991 | -€39,305 | -5.8% |
| Fixed assets | 21/28 | €378,429 | €368,479 | -€9,950 | -2.6% |
| Tangible fixed assets | 22/27 | €373,204 | €363,254 | -€9,950 | -2.7% |
| Land and buildings | 22 | €214,477 | €156,198 | -€58,279 | -27.2% |
| Plant, machinery and equipment | 23 | €129,812 | €110,644 | -€19,168 | -14.8% |
| Furniture and vehicles | 24 | €28,915 | €96,412 | +€67,497 | +233.4% |
| Financial fixed assets | 28 | €5,225 | €5,225 | = | 0.0% |
| Current assets | 29/58 | €300,867 | €271,512 | -€29,355 | -9.8% |
| Amounts receivable within one year | 40/41 | €76,054 | €115,032 | +€38,978 | +51.2% |
| Trade receivables | 40 | €76,054 | €83,650 | +€7,595 | +10.0% |
| Other amounts receivable | 41 | - | €31,383 | +€31,383 | |
| Cash at bank and in hand | 54/58 | €223,723 | €156,480 | -€67,243 | -30.1% |
| Deferred charges and accrued income | 490/1 | €1,089 | - | -€1,089 | |
| Total equity and liabilities | 10/49 | €679,296 | €639,991 | -€39,305 | -5.8% |
| Equity | 10/15 | €460,025 | €421,939 | -€38,086 | -8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €31,860 | +€30,000 | +1612.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €451,965 | €383,879 | -€68,086 | -15.1% |
| Amounts payable | 17/49 | €219,271 | €218,052 | -€1,219 | -0.6% |
| Amounts payable after more than one year | 17 | €95,665 | €61,324 | -€34,341 | -35.9% |
| Financial debts | 170/4 | €94,165 | €59,824 | -€34,341 | -36.5% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €123,607 | €156,729 | +€33,122 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €37,582 | €34,058 | -€3,524 | -9.4% |
| Trade debts | 44 | €22,251 | €5,315 | -€16,936 | -76.1% |
| Suppliers | 440/4 | €22,251 | €5,315 | -€16,936 | -76.1% |
| Taxes, remuneration and social security | 45 | €55,581 | €67,356 | +€11,775 | +21.2% |
| Taxes | 450/3 | €34,428 | €45,856 | +€11,429 | +33.2% |
| Remuneration and social security | 454/9 | €21,153 | €21,499 | +€346 | +1.6% |
| Other amounts payable | 47/48 | €8,193 | €50,000 | +€41,807 | +510.3% |
| Remuneration, social security and pensions | 62 | €70,704 | €117,324 | +€46,620 | +65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,539 | €87,375 | +€7,837 | +9.9% |
| Other operating charges | 640/8 | €14,008 | €17,287 | +€3,280 | +23.4% |
| Gross operating margin | 9900 | €367,176 | €268,046 | -€99,130 | -27.0% |
| Operating profit (loss) | 9901 | €202,926 | €46,059 | -€156,867 | -77.3% |
| Financial income | 75/76B | €61 | €2,943 | +€2,883 | +4764.6% |
| Recurring financial income | 75 | €61 | €943 | +€883 | +1458.8% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €5,373 | €1,438 | -€3,935 | -73.2% |
| Recurring financial charges | 65 | €5,373 | €1,438 | -€3,935 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €197,613 | €47,564 | -€150,050 | -75.9% |
| Income taxes | 67/77 | €49,428 | €14,221 | -€35,206 | -71.2% |
| Profit (loss) for the period | 9904 | €148,186 | €33,342 | -€114,843 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €148,186 | €33,342 | -€114,843 | -77.5% |
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 6 October 2026 via checked.be.