ALG RENO: 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 RENO
Largest movements
- Cash +€24,137
up €24,137 (+113%), from €21,353 to €45,490
mainly Advances received (+€10,500) and Net result for the year (+€9,873)
- Stocks and contracts +€10,500
new in 2025: €10,500
- Tangible fixed assets -€7,940
down €7,940 (-24.8%), from €31,988 to €24,047
- Advances received +€10,500
new in 2025: €10,500
- Reserves +€9,873
up €9,873 (+15.6%), from €63,210 to €73,082
- Trade debts +€7,191
up €7,191 (+22.8%), from €31,547 to €38,738
- Gross operating margin -€39,315
down €39,315 (-59.7%), from €65,832 to €26,517
- Taxes -€9,355
down €9,355 (-61.1%), from €15,313 to €5,958
- Depreciation +€5,344
up €5,344 (+206%), from €2,597 to €7,940
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 | €130,677 | €157,102 | +€26,425 | +20.2% |
| Fixed assets | 21/28 | €31,988 | €24,047 | -€7,940 | -24.8% |
| Tangible fixed assets | 22/27 | €31,988 | €24,047 | -€7,940 | -24.8% |
| Furniture and vehicles | 24 | €31,988 | €24,047 | -€7,940 | -24.8% |
| Current assets | 29/58 | €98,690 | €133,055 | +€34,366 | +34.8% |
| Stocks and contracts in progress | 3 | - | €10,500 | +€10,500 | |
| Contracts in progress | 37 | - | €10,500 | +€10,500 | |
| Amounts receivable within one year | 40/41 | €76,249 | €75,750 | -€500 | -0.7% |
| Trade receivables | 40 | €37,062 | €26,057 | -€11,005 | -29.7% |
| Other amounts receivable | 41 | €39,187 | €49,693 | +€10,505 | +26.8% |
| Cash at bank and in hand | 54/58 | €21,353 | €45,490 | +€24,137 | +113% |
| Deferred charges and accrued income | 490/1 | €1,087 | €1,316 | +€229 | +21.0% |
| Total equity and liabilities | 10/49 | €130,677 | €157,102 | +€26,425 | +20.2% |
| Equity | 10/15 | €78,610 | €88,482 | +€9,873 | +12.6% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | €63,210 | €73,082 | +€9,873 | +15.6% |
| Distributable reserves | 133 | €63,210 | €73,082 | +€9,873 | +15.6% |
| Amounts payable | 17/49 | €52,067 | €68,620 | +€16,553 | +31.8% |
| Amounts payable within one year | 42/48 | €52,067 | €68,620 | +€16,553 | +31.8% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €31,547 | €38,738 | +€7,191 | +22.8% |
| Suppliers | 440/4 | €31,547 | €38,738 | +€7,191 | +22.8% |
| Advances received on contracts in progress | 46 | - | €10,500 | +€10,500 | |
| Taxes, remuneration and social security | 45 | €20,184 | €19,378 | -€806 | -4.0% |
| Taxes | 450/3 | €20,184 | €19,378 | -€806 | -4.0% |
| Other amounts payable | 47/48 | €336 | - | -€336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,597 | €7,940 | +€5,344 | +206% |
| Other operating charges | 640/8 | €2,077 | €2,668 | +€591 | +28.5% |
| Gross operating margin | 9900 | €65,832 | €26,517 | -€39,315 | -59.7% |
| Operating profit (loss) | 9901 | €61,158 | €15,909 | -€45,250 | -74.0% |
| Financial income | 75/76B | €46 | €201 | +€155 | +335% |
| Recurring financial income | 75 | €46 | €201 | +€155 | +335% |
| Financial charges | 65/66B | €69 | €280 | +€211 | +307% |
| Recurring financial charges | 65 | €69 | €280 | +€211 | +307% |
| Profit (loss) for the period before taxes | 9903 | €61,136 | €15,830 | -€45,306 | -74.1% |
| Income taxes | 67/77 | €15,313 | €5,958 | -€9,355 | -61.1% |
| Profit (loss) for the period | 9904 | €45,823 | €9,873 | -€35,951 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,823 | €9,873 | -€35,951 | -78.5% |
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 13 October 2026 via checked.be.