ALGAM BNL: 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.
What changed
ALGAM BNL
NACE 46.499, Wholesale of other household goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,542
2024 · €36,684-€6,142
Equity
€2.0m
2024 · €2.0m+€30,542
Cash
€60,525
2024 · €118,457-€57,932
Balance sheet total
€2.2m
2024 · €2.2m-€13,243
Largest movements
Assets
- Cash -€57,932
down €57,932 (-48.9%), from €118,457 to €60,525
mainly Receivables after one year (-€33,150) and Current portion of long-term debt (-€26,698)
- Receivables after one year +€33,150
up €33,150 (+323%), from €10,252 to €43,402
- Current investments +€25,577
up €25,577 (+1.5%), from €1.7m to €1.7m
Equity and liabilities
- Reserves +€30,542
up €30,542 (+1.6%), from €2.0m to €2.0m
of which Distributable reserves: +€30,542
- Current portion of long-term debt -€26,698
down €26,698 (-42.9%), from €62,200 to €35,503
Income statement
- Other operating income -€222,172
no longer reported in 2025 (was €222,172)
- Staff costs -€92,967
down €92,967 (-100%), from €92,967 to €0
- Services and other goods -€75,914
no longer reported in 2025 (was €75,914)
- Gross operating margin +€38,538
new in 2025: €38,538
- Turnover -€32,996
no longer reported in 2025 (was €32,996)
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.
Result 2024
€36,684
Turnover
-€32,996
Other operating income
-€222,172
Goods and materials
+€18,112
Services and other goods
+€75,914
Staff costs
+€92,967
Depreciation
+€126
Other operating charges
+€28,970
Other operating items
-€23,352
Financial income
+€21,827
Financial charges
+€32,182
Taxes
+€2,278
Result 2025
€30,542
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€15,510
Investment
-€25,577
Financing
-€47,865
Cash 2024
€118,457
From operations (derived)
+€15,510
Net result for the year
+€30,542
Depreciation
+€15,399
Receivables after one year
-€33,150
Receivables within one year
-€5,045
Deferred charges and accrued income
+€3,684
Trade debts
-€1,126
Tax, wage and social debts
+€4,553
Advances received
-€2,344
Other debts
+€3,090
Accrued charges and deferred income
-€93
Investment (derived)
-€25,577
Current investments
-€25,577
Financing
-€47,865
Debts after one year
-€21,167
Current portion of long-term debt
-€26,698
Cash 2025
€60,525
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,168,523 | €2,155,280 | -€13,243 | -0.6% |
| Fixed assets | 21/28 | €309,749 | €294,350 | -€15,399 | -5.0% |
| Tangible fixed assets | 22/27 | €258,254 | €242,855 | -€15,399 | -6.0% |
| Land and buildings | 22 | €256,093 | €241,821 | -€14,272 | -5.6% |
| Furniture and vehicles | 24 | €2,161 | €1,034 | -€1,127 | -52.1% |
| Financial fixed assets | 28 | €51,495 | €51,495 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €50,000 | - | -€50,000 | |
| Participating interests | 282 | €50,000 | - | -€50,000 | |
| Other financial fixed assets | 284/8 | €1,495 | - | -€1,495 | |
| Amounts receivable and cash guarantees | 285/8 | €1,495 | - | -€1,495 | |
| Current assets | 29/58 | €1,858,774 | €1,860,930 | +€2,156 | +0.1% |
| Amounts receivable after more than one year | 29 | €10,252 | €43,402 | +€33,150 | +323% |
| Other amounts receivable | 291 | €10,252 | €43,402 | +€33,150 | +323% |
| Amounts receivable within one year | 40/41 | €23,927 | €28,972 | +€5,045 | +21.1% |
| Trade receivables | 40 | €1,898 | €6,109 | +€4,210 | +222% |
| Other amounts receivable | 41 | €22,029 | €22,863 | +€835 | +3.8% |
| Current investments | 50/53 | €1,696,399 | €1,721,977 | +€25,577 | +1.5% |
| Other investments | 51/53 | €1,696,399 | - | -€1.7m | |
| Cash at bank and in hand | 54/58 | €118,457 | €60,525 | -€57,932 | -48.9% |
| Deferred charges and accrued income | 490/1 | €9,738 | €6,054 | -€3,684 | -37.8% |
| Total equity and liabilities | 10/49 | €2,168,523 | €2,155,280 | -€13,243 | -0.6% |
| Equity | 10/15 | €2,017,050 | €2,047,592 | +€30,542 | +1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,955,050 | €1,985,592 | +€30,542 | +1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,096 | €170,096 | = | 0.0% |
| Distributable reserves | 133 | €1,778,754 | €1,809,296 | +€30,542 | +1.7% |
| Amounts payable | 17/49 | €151,473 | €107,688 | -€43,785 | -28.9% |
| Amounts payable after more than one year | 17 | €84,375 | €63,208 | -€21,167 | -25.1% |
| Financial debts | 170/4 | €84,375 | €63,208 | -€21,167 | -25.1% |
| Credit institutions | 173 | €84,375 | - | -€84,375 | |
| Amounts payable within one year | 42/48 | €67,005 | €44,480 | -€22,525 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €62,200 | €35,503 | -€26,698 | -42.9% |
| Trade debts | 44 | €1,438 | €312 | -€1,126 | -78.3% |
| Suppliers | 440/4 | €1,438 | €312 | -€1,126 | -78.3% |
| Advances received on contracts in progress | 46 | €2,344 | €0 | -€2,344 | -100% |
| Taxes, remuneration and social security | 45 | €723 | €5,275 | +€4,553 | +630% |
| Taxes | 450/3 | €331 | €4,884 | +€4,553 | +1,375% |
| Remuneration and social security | 454/9 | €392 | €392 | = | 0.0% |
| Other amounts payable | 47/48 | €300 | €3,390 | +€3,090 | +1,030% |
| Accrued charges and deferred income | 492/3 | €93 | €0 | -€93 | -100% |
| Operating income | 70/76A | €325,979 | - | -€325,979 | |
| Turnover | 70 | €32,996 | - | -€32,996 | |
| Other operating income | 74 | €222,172 | - | -€222,172 | |
| Non-recurring operating income | 76A | €70,812 | - | -€70,812 | |
| Operating charges | 60/66A | €242,841 | - | -€242,841 | |
| Goods for resale, raw materials and consumables | 60 | €18,112 | - | -€18,112 | |
| Purchases | 600/8 | €18,112 | - | -€18,112 | |
| Services and other goods | 61 | €75,914 | - | -€75,914 | |
| Remuneration, social security and pensions | 62 | €92,967 | €0 | -€92,967 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,525 | €15,399 | -€126 | -0.8% |
| Other operating charges | 640/8 | €31,401 | €2,431 | -€28,970 | -92.3% |
| Non-recurring operating charges | 66A | €8,922 | - | -€8,922 | |
| Gross operating margin | 9900 | - | €38,538 | +€38,538 | |
| Operating profit (loss) | 9901 | €83,138 | €20,708 | -€62,430 | -75.1% |
| Financial income | 75/76B | €19,022 | €40,849 | +€21,827 | +115% |
| Recurring financial income | 75 | €19,022 | €40,849 | +€21,827 | +115% |
| Income from current assets | 751 | €16,859 | - | -€16,859 | |
| Other financial income | 752/9 | €2,162 | - | -€2,162 | |
| Financial charges | 65/66B | €52,644 | €20,462 | -€32,182 | -61.1% |
| Recurring financial charges | 65 | €52,644 | €20,462 | -€32,182 | -61.1% |
| Debt charges | 650 | €11,477 | - | -€11,477 | |
| Other financial charges | 652/9 | €41,167 | - | -€41,167 | |
| Profit (loss) for the period before taxes | 9903 | €49,515 | €41,095 | -€8,420 | -17.0% |
| Income taxes | 67/77 | €12,831 | €10,553 | -€2,278 | -17.8% |
| Taxes | 670/3 | €12,831 | - | -€12,831 | |
| Profit (loss) for the period | 9904 | €36,684 | €30,542 | -€6,142 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,684 | €30,542 | -€6,142 | -16.7% |
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 20 October 2026 via checked.be.