AALGO: 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.
AALGO
Largest movements
- Tangible fixed assets +€21,990
up €21,990 (+37.8%), from €58,221 to €80,211
of which Other tangible fixed assets: +€33,358
- Cash +€8,966
up €8,966 (+136%), from €6,585 to €15,551
mainly Net result for the year (+€51,746) and Depreciation (+€15,703)
- Receivables within one year +€4,195
up €4,195 (+9.6%), from €43,752 to €47,946
of which Other amounts receivable: +€6,088
- Profit (loss) carried forward +€51,746
up €51,746 (+94.1%), from €55,003 to €106,749
- Trade debts -€16,081
down €16,081 (-98.3%), from €16,354 to €273
- Depreciation +€7,639
up €7,639 (+94.7%), from €8,064 to €15,703
- Gross operating margin +€3,350
up €3,350 (+4.2%), from €79,270 to €82,620
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 | €109,874 | €144,237 | +€34,363 | +31.3% |
| Fixed assets | 21/28 | €58,221 | €80,211 | +€21,990 | +37.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €58,221 | €80,211 | +€21,990 | +37.8% |
| Plant, machinery and equipment | 23 | €2,379 | €2,716 | +€336 | +14.1% |
| Furniture and vehicles | 24 | €50,546 | €38,841 | -€11,704 | -23.2% |
| Other tangible fixed assets | 26 | €5,296 | €38,654 | +€33,358 | +630% |
| Current assets | 29/58 | €51,653 | €64,026 | +€12,373 | +24.0% |
| Amounts receivable within one year | 40/41 | €43,752 | €47,946 | +€4,195 | +9.6% |
| Trade receivables | 40 | €40,922 | €39,029 | -€1,893 | -4.6% |
| Other amounts receivable | 41 | €2,830 | €8,917 | +€6,088 | +215% |
| Cash at bank and in hand | 54/58 | €6,585 | €15,551 | +€8,966 | +136% |
| Deferred charges and accrued income | 490/1 | €1,316 | €529 | -€787 | -59.8% |
| Total equity and liabilities | 10/49 | €109,874 | €144,237 | +€34,363 | +31.3% |
| Equity | 10/15 | €60,003 | €111,749 | +€51,746 | +86.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,003 | €106,749 | +€51,746 | +94.1% |
| Amounts payable | 17/49 | €49,871 | €32,488 | -€17,383 | -34.9% |
| Amounts payable within one year | 42/48 | €49,871 | €32,488 | -€17,383 | -34.9% |
| Trade debts | 44 | €16,354 | €273 | -€16,081 | -98.3% |
| Suppliers | 440/4 | €16,354 | €273 | -€16,081 | -98.3% |
| Taxes, remuneration and social security | 45 | €33,516 | €32,215 | -€1,302 | -3.9% |
| Taxes | 450/3 | €31,316 | €27,215 | -€4,102 | -13.1% |
| Remuneration and social security | 454/9 | €2,200 | €5,000 | +€2,800 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,064 | €15,703 | +€7,639 | +94.7% |
| Other operating charges | 640/8 | €1,126 | €994 | -€133 | -11.8% |
| Gross operating margin | 9900 | €79,270 | €82,620 | +€3,350 | +4.2% |
| Operating profit (loss) | 9901 | €70,079 | €65,924 | -€4,155 | -5.9% |
| Financial income | 75/76B | €69 | €96 | +€27 | +38.7% |
| Recurring financial income | 75 | €69 | €96 | +€27 | +38.7% |
| Financial charges | 65/66B | €229 | €155 | -€74 | -32.2% |
| Recurring financial charges | 65 | €229 | €155 | -€74 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €69,920 | €65,865 | -€4,055 | -5.8% |
| Income taxes | 67/77 | €14,917 | €14,119 | -€798 | -5.3% |
| Profit (loss) for the period | 9904 | €55,003 | €51,746 | -€3,257 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,003 | €51,746 | -€3,257 | -5.9% |
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 25 October 2026 via checked.be.