ALG: 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.
ALG
Largest movements
- Cash -€35,366
down €35,366 (-52.6%), from €67,246 to €31,879
mainly Investment in fixed assets (net) (-€32,763) and Receivables within one year (-€4,703)
- Tangible fixed assets +€26,109
new in 2025: €26,109
of which Furniture and vehicles: +€24,840
- Receivables within one year +€4,703
up €4,703 (+2443.1%), from €193 to €4,896
of which Trade receivables: +€2,925
- Trade debts +€5,051
up €5,051 (+366.4%), from €1,378 to €6,429
- Profit (loss) carried forward -€4,490
down €4,490, from €271 to -€4,219
- Tax, wage and social debts -€3,695
down €3,695 (-10.2%), from €36,403 to €32,708
of which Remuneration and social security: -€3,607
- Accrued charges and deferred income -€1,351
down €1,351 (-100.0%), from €1,351 to €0
- Gross operating margin -€59,475
down €59,475 (-11.7%), from €508,231 to €448,756
- Staff costs -€55,090
down €55,090 (-11.0%), from €500,684 to €445,594
- Depreciation +€6,654
new in 2025: €6,654
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 | €69,403 | €64,917 | -€4,486 | -6.5% |
| Fixed assets | 21/28 | €0 | €26,109 | +€26,109 | |
| Tangible fixed assets | 22/27 | - | €26,109 | +€26,109 | |
| Plant, machinery and equipment | 23 | - | €1,268 | +€1,268 | |
| Furniture and vehicles | 24 | - | €24,840 | +€24,840 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €69,403 | €38,809 | -€30,595 | -44.1% |
| Amounts receivable within one year | 40/41 | €193 | €4,896 | +€4,703 | +2443.1% |
| Trade receivables | 40 | - | €2,925 | +€2,925 | |
| Other amounts receivable | 41 | €193 | €1,971 | +€1,779 | +923.9% |
| Cash at bank and in hand | 54/58 | €67,246 | €31,879 | -€35,366 | -52.6% |
| Deferred charges and accrued income | 490/1 | €1,965 | €2,034 | +€69 | +3.5% |
| Total equity and liabilities | 10/49 | €69,403 | €64,917 | -€4,486 | -6.5% |
| Equity | 10/15 | €30,271 | €25,781 | -€4,490 | -14.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271 | -€4,219 | -€4,490 | |
| Amounts payable | 17/49 | €39,132 | €39,137 | +€4 | 0.0% |
| Amounts payable within one year | 42/48 | €37,781 | €39,137 | +€1,356 | +3.6% |
| Trade debts | 44 | €1,378 | €6,429 | +€5,051 | +366.4% |
| Suppliers | 440/4 | €1,378 | €6,429 | +€5,051 | +366.4% |
| Taxes, remuneration and social security | 45 | €36,403 | €32,708 | -€3,695 | -10.2% |
| Taxes | 450/3 | €88 | €0 | -€88 | -100.0% |
| Remuneration and social security | 454/9 | €36,315 | €32,708 | -€3,607 | -9.9% |
| Accrued charges and deferred income | 492/3 | €1,351 | €0 | -€1,351 | -100.0% |
| Remuneration, social security and pensions | 62 | €500,684 | €445,594 | -€55,090 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,654 | +€6,654 | |
| Other operating charges | 640/8 | €1,289 | €720 | -€569 | -44.2% |
| Gross operating margin | 9900 | €508,231 | €448,756 | -€59,475 | -11.7% |
| Operating profit (loss) | 9901 | €6,258 | -€4,212 | -€10,470 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €280 | €279 | -€0 | 0.0% |
| Recurring financial charges | 65 | €280 | €279 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,979 | -€4,490 | -€10,469 | |
| Income taxes | 67/77 | €88 | €0 | -€88 | -100.0% |
| Profit (loss) for the period | 9904 | €5,891 | -€4,490 | -€10,382 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,891 | -€4,490 | -€10,382 |
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 8 October 2026 via checked.be.