M13 ALimed: 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.
M13 ALimed
Largest movements
- Cash -€65,860
down €65,860 (-76.4%), from €86,161 to €20,301
mainly Contributions, distributions and other (-€157,000) and Investment in fixed assets (net) (-€35,000)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Tangible fixed assets +€26,730
up €26,730 (+101%), from €26,552 to €53,282
- Intangible fixed assets -€21,257
down €21,257 (-28.6%), from €74,400 to €53,143
- Profit (loss) carried forward -€96,714
down €96,714 (-95.7%), from €101,109 to €4,395
- Other debts +€26,299
up €26,299 (+5,270%), from €499 to €26,798
- Debts after one year -€24,559
down €24,559 (-26.5%), from €92,690 to €68,131
- Tax, wage and social debts -€8,695
down €8,695 (-63.7%), from €13,640 to €4,945
- Current portion of long-term debt +€5,280
up €5,280 (+27.4%), from €19,278 to €24,558
- Gross operating margin -€2,771
down €2,771 (-2.4%), from €115,794 to €113,023
- Taxes -€1,531
down €1,531 (-7.8%), from €19,751 to €18,220
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 | €233,266 | €133,879 | -€99,387 | -42.6% |
| Fixed assets | 21/28 | €100,952 | €106,425 | +€5,473 | +5.4% |
| Intangible fixed assets | 21 | €74,400 | €53,143 | -€21,257 | -28.6% |
| Tangible fixed assets | 22/27 | €26,552 | €53,282 | +€26,730 | +101% |
| Furniture and vehicles | 24 | €26,552 | €53,282 | +€26,730 | +101% |
| Current assets | 29/58 | €132,314 | €27,454 | -€104,860 | -79.3% |
| Amounts receivable within one year | 40/41 | €5,745 | €6,781 | +€1,036 | +18.0% |
| Trade receivables | 40 | €5,745 | €6,000 | +€255 | +4.4% |
| Other amounts receivable | 41 | - | €781 | +€781 | |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €86,161 | €20,301 | -€65,860 | -76.4% |
| Deferred charges and accrued income | 490/1 | €408 | €372 | -€36 | -8.8% |
| Total equity and liabilities | 10/49 | €233,266 | €133,879 | -€99,387 | -42.6% |
| Equity | 10/15 | €106,109 | €9,395 | -€96,714 | -91.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,109 | €4,395 | -€96,714 | -95.7% |
| Amounts payable | 17/49 | €127,157 | €124,484 | -€2,673 | -2.1% |
| Amounts payable after more than one year | 17 | €92,690 | €68,131 | -€24,559 | -26.5% |
| Financial debts | 170/4 | €92,690 | €68,131 | -€24,559 | -26.5% |
| Amounts payable within one year | 42/48 | €34,467 | €56,353 | +€21,886 | +63.5% |
| Current portion of amounts payable after more than one year | 42 | €19,278 | €24,558 | +€5,280 | +27.4% |
| Trade debts | 44 | €1,050 | €52 | -€998 | -95.0% |
| Suppliers | 440/4 | €1,050 | €52 | -€998 | -95.0% |
| Taxes, remuneration and social security | 45 | €13,640 | €4,945 | -€8,695 | -63.7% |
| Taxes | 450/3 | €13,640 | €4,945 | -€8,695 | -63.7% |
| Other amounts payable | 47/48 | €499 | €26,798 | +€26,299 | +5,270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,527 | €29,527 | = | 0.0% |
| Other operating charges | 640/8 | €1,075 | €2,096 | +€1,021 | +95.0% |
| Gross operating margin | 9900 | €115,794 | €113,023 | -€2,771 | -2.4% |
| Operating profit (loss) | 9901 | €85,192 | €81,400 | -€3,792 | -4.5% |
| Financial income | 75/76B | €111 | €922 | +€811 | +731% |
| Recurring financial income | 75 | €111 | €922 | +€811 | +731% |
| Financial charges | 65/66B | €4,898 | €3,816 | -€1,082 | -22.1% |
| Recurring financial charges | 65 | €4,898 | €3,816 | -€1,082 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €80,405 | €78,506 | -€1,899 | -2.4% |
| Income taxes | 67/77 | €19,751 | €18,220 | -€1,531 | -7.8% |
| Profit (loss) for the period | 9904 | €60,654 | €60,286 | -€368 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,654 | €60,286 | -€368 | -0.6% |
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 18 October 2026 via checked.be.