ALGA: 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.
ALGA
Largest movements
- Cash +€6,150
up €6,150 (+10.2%), from €60,237 to €66,387
mainly Net result for the year (+€5,898) and Deferred charges and accrued income (+€2,926)
- Deferred charges and accrued income -€2,926
no longer reported in 2025 (was €2,926)
- Profit (loss) carried forward +€5,898
up €5,898 (+50.8%), from €11,601 to €17,499
- Trade debts -€5,190
down €5,190 (-81.4%), from €6,378 to €1,188
- Other debts +€976
new in 2025: €976
- Gross operating margin +€4,913
up €4,913 (+9.2%), from €53,392 to €58,305
- Staff costs +€1,475
up €1,475 (+3.1%), from €47,795 to €49,269
- Depreciation -€1,332
down €1,332 (-76.2%), from €1,747 to €416
- Taxes -€600
down €600, from €300 to -€300
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 | €82,941 | €85,160 | +€2,219 | +2.7% |
| Fixed assets | 21/28 | €755 | €339 | -€416 | -55.1% |
| Tangible fixed assets | 22/27 | €516 | €100 | -€416 | -80.5% |
| Plant, machinery and equipment | 23 | €516 | €100 | -€416 | -80.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €239 | €239 | = | 0.0% |
| Current assets | 29/58 | €82,186 | €84,821 | +€2,635 | +3.2% |
| Stocks and contracts in progress | 3 | €3,410 | €3,292 | -€117 | -3.4% |
| Stocks | 30/36 | €3,410 | €3,292 | -€117 | -3.4% |
| Amounts receivable within one year | 40/41 | €2,999 | €2,527 | -€472 | -15.7% |
| Other amounts receivable | 41 | €2,999 | €2,527 | -€472 | -15.7% |
| Current investments | 50/53 | €12,615 | €12,615 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,237 | €66,387 | +€6,150 | +10.2% |
| Deferred charges and accrued income | 490/1 | €2,926 | - | -€2,926 | |
| Total equity and liabilities | 10/49 | €82,941 | €85,160 | +€2,219 | +2.7% |
| Equity | 10/15 | €73,693 | €79,591 | +€5,898 | +8.0% |
| Contributions | 10/11 | €27,273 | €27,273 | = | 0.0% |
| Reserves | 13 | €34,818 | €34,818 | = | 0.0% |
| Distributable reserves | 133 | €34,818 | €34,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,601 | €17,499 | +€5,898 | +50.8% |
| Amounts payable | 17/49 | €9,248 | €5,569 | -€3,679 | -39.8% |
| Amounts payable within one year | 42/48 | €9,248 | €5,569 | -€3,679 | -39.8% |
| Trade debts | 44 | €6,378 | €1,188 | -€5,190 | -81.4% |
| Suppliers | 440/4 | €6,378 | €1,188 | -€5,190 | -81.4% |
| Taxes, remuneration and social security | 45 | €2,871 | €3,406 | +€535 | +18.6% |
| Remuneration and social security | 454/9 | €2,871 | €3,406 | +€535 | +18.6% |
| Other amounts payable | 47/48 | - | €976 | +€976 | |
| Remuneration, social security and pensions | 62 | €47,795 | €49,269 | +€1,475 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,747 | €416 | -€1,332 | -76.2% |
| Other operating charges | 640/8 | €919 | €706 | -€214 | -23.2% |
| Gross operating margin | 9900 | €53,392 | €58,305 | +€4,913 | +9.2% |
| Operating profit (loss) | 9901 | €2,930 | €7,914 | +€4,984 | +170% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €2,460 | €2,316 | -€144 | -5.9% |
| Recurring financial charges | 65 | €2,460 | €2,316 | -€144 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €501 | €5,598 | +€5,097 | +1,018% |
| Income taxes | 67/77 | €300 | -€300 | -€600 | |
| Profit (loss) for the period | 9904 | €201 | €5,898 | +€5,697 | +2,839% |
| Profit (loss) for the period to be appropriated | 9905 | €201 | €5,898 | +€5,697 | +2,839% |
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 1 November 2026 via checked.be.