ALGAM BENELUX: what changed
What changed
ALGAM BENELUX
NACE 46.499, Wholesale of other household goods
filed annual accounts (NBB)
Net result for the year
-€46,667
2024 · €293,676-€340,342
Equity
€347,009
2024 · €393,676-€46,667
Cash
€1.7m
2024 · €350,158+€1.4m
Balance sheet total
€3.4m
2024 · €3.4m+€50,068
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+397%), from €350,158 to €1.7m
mainly Receivables within one year (+€1.3m) and Trade debts (+€106,358)
- Receivables within one year -€1.3m
down €1.3m (-44.8%), from €2.8m to €1.6m
of which Trade receivables: -€1.3m
- Tangible fixed assets -€65,979
down €65,979 (-43.5%), from €151,611 to €85,632
of which Plant, machinery and equipment: -€41,971
Equity and liabilities
- Trade debts +€106,358
up €106,358 (+8.8%), from €1.2m to €1.3m
- Short-term financial debts +€67,974
up €67,974 (+4.7%), from €1.4m to €1.5m
- Debts after one year -€67,207
down €67,207 (-87.9%), from €76,475 to €9,267
- Profit (loss) carried forward -€46,667
down €46,667 (-15.9%), from €293,676 to €247,009
Income statement
- Gross operating margin -€536,762
down €536,762 (-28.1%), from €1.9m to €1.4m
- Taxes -€117,207
down €117,207 (-96.8%), from €121,120 to €3,913
- Staff costs -€76,819
down €76,819 (-6.5%), from €1.2m to €1.1m
- Financial charges -€73,839
down €73,839 (-32.5%), from €227,266 to €153,427
of which Financial charges: -€49,903
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€293,676
Gross operating margin
-€536,762
Staff costs
+€76,819
Depreciation
-€2,525
Write-downs
+€10,130
Other operating charges
+€3,081
Other operating items
-€83,944
Financial income
+€1,813
Financial charges
+€73,839
Taxes
+€117,207
Result 2025
-€46,667
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.4m
Investment
-€2,573
Financing
+€3,453
Cash 2024
€350,158
From operations (derived)
+€1.4m
Net result for the year
-€46,667
Depreciation
+€68,553
Stocks and contracts
+€11,214
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€5,577
Trade debts
+€106,358
Tax, wage and social debts
-€32,134
Smaller working-capital items
-€344
Accrued charges and deferred income
+€19,401
Investment (derived)
-€2,573
Investment in fixed assets (net)
-€2,573
Financing
+€3,453
Debts after one year
-€67,207
Current portion of long-term debt
+€2,686
Short-term financial debts
+€67,974
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,399,257 | €3,449,325 | +€50,068 | +1.5% |
| Fixed assets | 21/28 | €151,611 | €85,632 | -€65,979 | -43.5% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100% |
| Tangible fixed assets | 22/27 | €151,611 | €85,632 | -€65,979 | -43.5% |
| Plant, machinery and equipment | 23 | €83,942 | €41,971 | -€41,971 | -50.0% |
| Furniture and vehicles | 24 | €50,928 | €31,375 | -€19,553 | -38.4% |
| Leasing and similar rights | 25 | €16,741 | €12,286 | -€4,455 | -26.6% |
| Current assets | 29/58 | €3,247,646 | €3,363,693 | +€116,047 | +3.6% |
| Stocks and contracts in progress | 3 | €43,287 | €32,073 | -€11,214 | -25.9% |
| Stocks | 30/36 | €43,287 | €32,073 | -€11,214 | -25.9% |
| Amounts receivable within one year | 40/41 | €2,834,297 | €1,564,506 | -€1.3m | -44.8% |
| Trade receivables | 40 | €2,834,215 | €1,562,525 | -€1.3m | -44.9% |
| Other amounts receivable | 41 | €82 | €1,982 | +€1,900 | +2,319% |
| Cash at bank and in hand | 54/58 | €350,158 | €1,741,633 | +€1.4m | +397% |
| Deferred charges and accrued income | 490/1 | €19,904 | €25,481 | +€5,577 | +28.0% |
| Total equity and liabilities | 10/49 | €3,399,257 | €3,449,325 | +€50,068 | +1.5% |
| Equity | 10/15 | €393,676 | €347,009 | -€46,667 | -11.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293,676 | €247,009 | -€46,667 | -15.9% |
| Amounts payable | 17/49 | €3,005,582 | €3,102,316 | +€96,734 | +3.2% |
| Amounts payable after more than one year | 17 | €76,475 | €9,267 | -€67,207 | -87.9% |
| Financial debts | 170/4 | €76,475 | €9,267 | -€67,207 | -87.9% |
| Amounts payable within one year | 42/48 | €2,903,460 | €3,048,000 | +€144,540 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €61,139 | €63,826 | +€2,686 | +4.4% |
| Financial debts | 43 | €1,443,414 | €1,511,388 | +€67,974 | +4.7% |
| Credit institutions | 430/8 | €1,443,414 | €1,511,388 | +€67,974 | +4.7% |
| Trade debts | 44 | €1,203,109 | €1,309,468 | +€106,358 | +8.8% |
| Suppliers | 440/4 | €1,203,109 | €1,309,468 | +€106,358 | +8.8% |
| Advances received on contracts in progress | 46 | €435 | €0 | -€435 | -100% |
| Taxes, remuneration and social security | 45 | €195,356 | €163,222 | -€32,134 | -16.4% |
| Taxes | 450/3 | €77,024 | €41,269 | -€35,755 | -46.4% |
| Remuneration and social security | 454/9 | €118,332 | €121,953 | +€3,620 | +3.1% |
| Other amounts payable | 47/48 | €6 | €97 | +€91 | +1,519% |
| Accrued charges and deferred income | 492/3 | €25,647 | €45,048 | +€19,401 | +75.6% |
| Non-recurring operating income | 76A | €96,626 | €131,746 | +€35,120 | +36.3% |
| Remuneration, social security and pensions | 62 | €1,189,286 | €1,112,467 | -€76,819 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,027 | €68,553 | +€2,525 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,481 | -€4,649 | -€10,130 | |
| Other operating charges | 640/8 | €12,439 | €9,358 | -€3,081 | -24.8% |
| Non-recurring operating charges | 66A | - | €83,944 | +€83,944 | |
| Gross operating margin | 9900 | €1,913,461 | €1,376,699 | -€536,762 | -28.1% |
| Operating profit (loss) | 9901 | €640,227 | €107,026 | -€533,201 | -83.3% |
| Financial income | 75/76B | €1,835 | €3,648 | +€1,813 | +98.8% |
| Recurring financial income | 75 | €1,835 | €3,648 | +€1,813 | +98.8% |
| Financial charges | 65/66B | €227,266 | €153,427 | -€73,839 | -32.5% |
| Recurring financial charges | 65 | €203,330 | €153,427 | -€49,903 | -24.5% |
| Non-recurring financial charges | 66B | €23,936 | - | -€23,936 | |
| Profit (loss) for the period before taxes | 9903 | €414,796 | -€42,754 | -€457,550 | |
| Income taxes | 67/77 | €121,120 | €3,913 | -€117,207 | -96.8% |
| Profit (loss) for the period | 9904 | €293,676 | -€46,667 | -€340,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €293,676 | -€46,667 | -€340,342 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.