ALMA: 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.
ALMA
Largest movements
- Tangible fixed assets -€78,300
down €78,300 (-33.7%), from €232,088 to €153,788
- Cash -€58,775
down €58,775 (-12.5%), from €470,347 to €411,572
mainly Net result for the year (-€174,255) and Trade debts (-€12,242)
- Receivables within one year -€57,806
down €57,806 (-93.7%), from €61,685 to €3,879
of which Other amounts receivable: -€52,644
- Profit (loss) carried forward -€174,255
down €174,255 (-29.4%), from €592,445 to €418,190
- Trade debts -€12,242
down €12,242 (-99.0%), from €12,368 to €126
- Other debts -€12,214
down €12,214 (-15.8%), from €77,438 to €65,224
- Tax, wage and social debts -€9,016
down €9,016 (-98.4%), from €9,163 to €147
- Gross operating margin +€69,725
up €69,725 (+68.4%), from -€101,908 to -€32,183
- Financial charges +€35,358
up €35,358 (+936.6%), from €3,775 to €39,133
of which Non-recurring financial charges: +€38,838
- Financial income -€17,421
down €17,421 (-100.0%), from €17,426 to €5
of which Non-recurring financial income: -€17,426
- Staff costs +€8,013
up €8,013 (+9.9%), from €80,949 to €88,962
- Depreciation -€3,063
down €3,063 (-55.1%), from €5,554 to €2,491
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 | €773,244 | €571,061 | -€202,183 | -26.1% |
| Fixed assets | 21/28 | €232,890 | €153,788 | -€79,102 | -34.0% |
| Tangible fixed assets | 22/27 | €232,088 | €153,788 | -€78,300 | -33.7% |
| Furniture and vehicles | 24 | €232,088 | €153,788 | -€78,300 | -33.7% |
| Financial fixed assets | 28 | €802 | - | -€802 | |
| Current assets | 29/58 | €540,354 | €417,273 | -€123,081 | -22.8% |
| Amounts receivable within one year | 40/41 | €61,685 | €3,879 | -€57,806 | -93.7% |
| Trade receivables | 40 | €5,162 | - | -€5,162 | |
| Other amounts receivable | 41 | €56,523 | €3,879 | -€52,644 | -93.1% |
| Cash at bank and in hand | 54/58 | €470,347 | €411,572 | -€58,775 | -12.5% |
| Deferred charges and accrued income | 490/1 | €8,322 | €1,822 | -€6,500 | -78.1% |
| Total equity and liabilities | 10/49 | €773,244 | €571,061 | -€202,183 | -26.1% |
| Equity | 10/15 | €674,252 | €499,997 | -€174,255 | -25.8% |
| Contributions | 10/11 | €74,370 | €74,370 | = | 0.0% |
| Capital | 10 | €74,370 | €74,370 | = | 0.0% |
| Issued capital | 100 | €74,370 | €74,370 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €592,445 | €418,190 | -€174,255 | -29.4% |
| Amounts payable | 17/49 | €98,992 | €71,064 | -€27,928 | -28.2% |
| Amounts payable within one year | 42/48 | €98,969 | €65,497 | -€33,472 | -33.8% |
| Trade debts | 44 | €12,368 | €126 | -€12,242 | -99.0% |
| Suppliers | 440/4 | €12,368 | €126 | -€12,242 | -99.0% |
| Taxes, remuneration and social security | 45 | €9,163 | €147 | -€9,016 | -98.4% |
| Remuneration and social security | 454/9 | €9,163 | €147 | -€9,016 | -98.4% |
| Other amounts payable | 47/48 | €77,438 | €65,224 | -€12,214 | -15.8% |
| Accrued charges and deferred income | 492/3 | €23 | €5,567 | +€5,544 | +24104.3% |
| Remuneration, social security and pensions | 62 | €80,949 | €88,962 | +€8,013 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,554 | €2,491 | -€3,063 | -55.1% |
| Other operating charges | 640/8 | €12,630 | €11,334 | -€1,296 | -10.3% |
| Gross operating margin | 9900 | -€101,908 | -€32,183 | +€69,725 | +68.4% |
| Operating profit (loss) | 9901 | -€201,041 | -€134,970 | +€66,071 | +32.9% |
| Financial income | 75/76B | €17,426 | €5 | -€17,421 | -100.0% |
| Recurring financial income | 75 | €17,426 | €5 | -€17,421 | -100.0% |
| Non-recurring financial income | 76B | €17,426 | - | -€17,426 | |
| Financial charges | 65/66B | €3,775 | €39,133 | +€35,358 | +936.6% |
| Recurring financial charges | 65 | €3,775 | €295 | -€3,480 | -92.2% |
| Non-recurring financial charges | 66B | - | €38,838 | +€38,838 | |
| Profit (loss) for the period before taxes | 9903 | -€187,390 | -€174,098 | +€13,292 | +7.1% |
| Income taxes | 67/77 | €152 | €157 | +€5 | +3.3% |
| Profit (loss) for the period | 9904 | -€187,542 | -€174,255 | +€13,287 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,542 | -€174,255 | +€13,287 | +7.1% |
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 12 October 2026 via checked.be.