ALG: 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.
ALG
Largest movements
- Tangible fixed assets -€42,351
down €42,351 (-4.3%), from €995,289 to €952,938
- Debts after one year -€26,667
down €26,667 (-7.2%), from €368,889 to €342,222
- Profit (loss) carried forward -€21,997
down €21,997 (-29.8%), from -€73,885 to -€95,883
- Depreciation -€8,913
down €8,913 (-17.4%), from €51,264 to €42,351
- Financial charges +€8,602
up €8,602 (+320%), from €2,690 to €11,291
- Gross operating margin +€3,931
up €3,931 (+12.3%), from €32,001 to €35,932
- Other operating charges +€1,025
up €1,025 (+31.4%), from €3,262 to €4,287
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 | €1,032,980 | €984,316 | -€48,664 | -4.7% |
| Fixed assets | 21/28 | €995,289 | €952,938 | -€42,351 | -4.3% |
| Tangible fixed assets | 22/27 | €995,289 | €952,938 | -€42,351 | -4.3% |
| Land and buildings | 22 | €995,289 | €952,938 | -€42,351 | -4.3% |
| Current assets | 29/58 | €37,692 | €31,378 | -€6,313 | -16.8% |
| Cash at bank and in hand | 54/58 | €37,692 | €31,378 | -€6,313 | -16.8% |
| Total equity and liabilities | 10/49 | €1,032,980 | €984,316 | -€48,664 | -4.7% |
| Equity | 10/15 | €426,115 | €404,117 | -€21,997 | -5.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,885 | -€95,883 | -€21,997 | -29.8% |
| Amounts payable | 17/49 | €606,866 | €580,199 | -€26,667 | -4.4% |
| Amounts payable after more than one year | 17 | €368,889 | €342,222 | -€26,667 | -7.2% |
| Financial debts | 170/4 | €368,889 | €342,222 | -€26,667 | -7.2% |
| Amounts payable within one year | 42/48 | €237,977 | €237,977 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Other amounts payable | 47/48 | €211,310 | €211,310 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,264 | €42,351 | -€8,913 | -17.4% |
| Other operating charges | 640/8 | €3,262 | €4,287 | +€1,025 | +31.4% |
| Gross operating margin | 9900 | €32,001 | €35,932 | +€3,931 | +12.3% |
| Operating profit (loss) | 9901 | -€22,526 | -€10,706 | +€11,820 | +52.5% |
| Financial charges | 65/66B | €2,690 | €11,291 | +€8,602 | +320% |
| Recurring financial charges | 65 | €2,690 | €11,291 | +€8,602 | +320% |
| Profit (loss) for the period before taxes | 9903 | -€25,215 | -€21,997 | +€3,218 | +12.8% |
| Profit (loss) for the period | 9904 | -€25,215 | -€21,997 | +€3,218 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,215 | -€21,997 | +€3,218 | +12.8% |
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 14 October 2026 via checked.be.