Prepare the dairy streusel. Preheat oven to 350°F. Line a baking sheet with parchment paper. In a bowl, knead together all ingredients. Spread on prepared baking sheet and bake for 10 minutes. Don’t worry if the ingredients run together and don’t stay crumbly, you can break up the streusel to shards after it cools.
Prepare the praline. Prepare a sheet of parchment paper on the counter. Add sugar to a frying pan. Cook over medium heat for 8-10 minutes, watching the pan carefully. Do not stir, but you can swirl around the sugar a little bit by moving the pan, if you see that the sugar is caramelizing more quickly in one area than another. When the sugar is mostly golden (be careful that it doesn’t get too dark!), stir in the almonds, then quickly spread the mixture on the prepared parchment paper in a thin layer. Once it hardens, crush the praline into small bits.
Assemble the ice cream. Add streusel and cherries to a plate. Top with a few scoops of ice cream and praline. Drizzle with balsamic glaze.