ALG MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€20,057
down €20,057 (-28.4%), from €70,575 to €50,518
of which Furniture and vehicles: -€17,357
- Cash +€2,072
up €2,072 (+80.2%), from €2,585 to €4,657
mainly Depreciation (+€20,057) and Tax, wage and social debts (+€5,186)
- Debts after one year -€20,426
down €20,426 (-44.4%), from €46,006 to €25,580
- Advances received -€8,470
down €8,470 (-100.0%), from €8,470 to €0
- Tax, wage and social debts +€5,186
up €5,186 (+85.2%), from €6,089 to €11,275
of which Remuneration and social security: +€3,103
- Trade debts -€4,350
down €4,350 (-84.9%), from €5,125 to €775
- Other debts +€4,257
new in 2025: €4,257
- Gross operating margin +€17,136
up €17,136 (+154.5%), from €11,093 to €28,229
- Taxes +€375
up €375 (+1251066.7%), from €0 to €375
- Financial charges -€370
down €370 (-10.8%), from €3,414 to €3,045
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 | €75,986 | €57,281 | -€18,705 | -24.6% |
| Fixed assets | 21/28 | €70,575 | €50,518 | -€20,057 | -28.4% |
| Tangible fixed assets | 22/27 | €70,575 | €50,518 | -€20,057 | -28.4% |
| Land and buildings | 22 | €21,520 | €18,985 | -€2,535 | -11.8% |
| Plant, machinery and equipment | 23 | €453 | €288 | -€165 | -36.4% |
| Furniture and vehicles | 24 | €48,602 | €31,245 | -€17,357 | -35.7% |
| Current assets | 29/58 | €5,411 | €6,763 | +€1,352 | +25.0% |
| Cash at bank and in hand | 54/58 | €2,585 | €4,657 | +€2,072 | +80.2% |
| Deferred charges and accrued income | 490/1 | €2,826 | €2,106 | -€720 | -25.5% |
| Total equity and liabilities | 10/49 | €75,986 | €57,281 | -€18,705 | -24.6% |
| Equity | 10/15 | -€9,224 | -€5,032 | +€4,192 | +45.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,724 | -€7,532 | +€4,192 | +35.8% |
| Amounts payable | 17/49 | €85,210 | €62,313 | -€22,897 | -26.9% |
| Amounts payable after more than one year | 17 | €46,006 | €25,580 | -€20,426 | -44.4% |
| Financial debts | 170/4 | €46,006 | €25,580 | -€20,426 | -44.4% |
| Amounts payable within one year | 42/48 | €39,204 | €36,733 | -€2,471 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €19,520 | €20,426 | +€905 | +4.6% |
| Trade debts | 44 | €5,125 | €775 | -€4,350 | -84.9% |
| Suppliers | 440/4 | €5,125 | €775 | -€4,350 | -84.9% |
| Advances received on contracts in progress | 46 | €8,470 | €0 | -€8,470 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,089 | €11,275 | +€5,186 | +85.2% |
| Taxes | 450/3 | €2,473 | €4,557 | +€2,083 | +84.2% |
| Remuneration and social security | 454/9 | €3,615 | €6,718 | +€3,103 | +85.8% |
| Other amounts payable | 47/48 | - | €4,257 | +€4,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,057 | €20,057 | = | 0.0% |
| Other operating charges | 640/8 | €320 | €560 | +€241 | +75.4% |
| Gross operating margin | 9900 | €11,093 | €28,229 | +€17,136 | +154.5% |
| Operating profit (loss) | 9901 | -€9,284 | €7,612 | +€16,895 | |
| Financial charges | 65/66B | €3,414 | €3,045 | -€370 | -10.8% |
| Recurring financial charges | 65 | €3,414 | €3,045 | -€370 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,698 | €4,567 | +€17,265 | |
| Income taxes | 67/77 | €0 | €375 | +€375 | +1251066.7% |
| Profit (loss) for the period | 9904 | -€12,698 | €4,192 | +€16,890 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,698 | €4,192 | +€16,890 |
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 5 October 2026 via checked.be.