Aalgus: 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.
Aalgus
Largest movements
- Receivables after one year -€184,583
down €184,583 (-21.9%), from €843,968 to €659,385
- Receivables within one year +€43,220
up €43,220 (+198.4%), from €21,780 to €65,000
of which Other amounts receivable: +€65,000
- Cash +€17,716
up €17,716 (+621.1%), from €2,852 to €20,568
mainly Receivables after one year (+€184,583) and Net result for the year (+€74,812)
- Debts after one year -€225,269
down €225,269 (-37.1%), from €607,806 to €382,537
- Reserves +€74,812
up €74,812 (+33.2%), from €225,472 to €300,284
- Tax, wage and social debts +€21,562
up €21,562 (+178.3%), from €12,091 to €33,653
- Gross operating margin +€63,664
up €63,664 (+198.0%), from €32,159 to €95,823
- Taxes +€22,806
up €22,806 (+607.3%), from €3,755 to €26,561
- Financial charges -€2,980
down €2,980 (-16.2%), from €18,426 to €15,446
- Financial income -€1,027
down €1,027 (-4.2%), from €24,375 to €23,348
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 | €892,975 | €768,301 | -€124,674 | -14.0% |
| Current assets | 29/58 | €892,975 | €768,301 | -€124,674 | -14.0% |
| Amounts receivable after more than one year | 29 | €843,968 | €659,385 | -€184,583 | -21.9% |
| Other amounts receivable | 291 | €843,968 | €659,385 | -€184,583 | -21.9% |
| Amounts receivable within one year | 40/41 | €21,780 | €65,000 | +€43,220 | +198.4% |
| Trade receivables | 40 | €21,780 | €0 | -€21,780 | -100.0% |
| Other amounts receivable | 41 | €0 | €65,000 | +€65,000 | |
| Cash at bank and in hand | 54/58 | €2,852 | €20,568 | +€17,716 | +621.1% |
| Deferred charges and accrued income | 490/1 | €24,375 | €23,348 | -€1,027 | -4.2% |
| Total equity and liabilities | 10/49 | €892,975 | €768,301 | -€124,674 | -14.0% |
| Equity | 10/15 | €237,872 | €312,684 | +€74,812 | +31.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €225,472 | €300,284 | +€74,812 | +33.2% |
| Distributable reserves | 133 | €225,472 | €300,284 | +€74,812 | +33.2% |
| Amounts payable | 17/49 | €655,103 | €455,616 | -€199,486 | -30.5% |
| Amounts payable after more than one year | 17 | €607,806 | €382,537 | -€225,269 | -37.1% |
| Financial debts | 170/4 | €607,806 | €382,537 | -€225,269 | -37.1% |
| Amounts payable within one year | 42/48 | €34,568 | €62,084 | +€27,515 | +79.6% |
| Trade debts | 44 | €22,478 | €28,431 | +€5,953 | +26.5% |
| Suppliers | 440/4 | €22,478 | €28,431 | +€5,953 | +26.5% |
| Taxes, remuneration and social security | 45 | €12,091 | €33,653 | +€21,562 | +178.3% |
| Taxes | 450/3 | €12,091 | €33,653 | +€21,562 | +178.3% |
| Accrued charges and deferred income | 492/3 | €12,728 | €10,996 | -€1,732 | -13.6% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,604 | €2,351 | -€254 | -9.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €32,159 | €95,823 | +€63,664 | +198.0% |
| Operating profit (loss) | 9901 | €29,554 | €93,472 | +€63,918 | +216.3% |
| Financial income | 75/76B | €24,375 | €23,348 | -€1,027 | -4.2% |
| Recurring financial income | 75 | €24,375 | €23,348 | -€1,027 | -4.2% |
| Financial charges | 65/66B | €18,426 | €15,446 | -€2,980 | -16.2% |
| Recurring financial charges | 65 | €18,426 | €15,446 | -€2,980 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €35,502 | €101,373 | +€65,871 | +185.5% |
| Income taxes | 67/77 | €3,755 | €26,561 | +€22,806 | +607.3% |
| Profit (loss) for the period | 9904 | €31,747 | €74,812 | +€43,065 | +135.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,747 | €74,812 | +€43,065 | +135.6% |
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 29 September 2026 via checked.be.