ALGARA PARTNERS: 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.
ALGARA PARTNERS
Largest movements
- Receivables within one year +€71,656
up €71,656 (+43.4%), from €164,940 to €236,596
of which Trade receivables: +€56,207
- Current investments +€38,296
up €38,296 (+43.0%), from €89,124 to €127,420
- Receivables after one year +€29,352
up €29,352 (+4.8%), from €606,536 to €635,888
- Cash -€26,301
down €26,301 (-29.5%), from €89,056 to €62,755
mainly Receivables within one year (-€71,656) and Current investments (-€38,296)
- Tangible fixed assets -€13,028
down €13,028 (-29.5%), from €44,174 to €31,146
of which Furniture and vehicles: -€13,028
- Reserves +€106,196
up €106,196 (+11.0%), from €965,296 to €1.1m
of which Non-distributable reserves: +€106,196
- Gross operating margin +€10,712
up €10,712 (+8.6%), from €124,840 to €135,551
- Taxes +€3,662
up €3,662 (+7.2%), from €51,137 to €54,799
- Financial income +€3,058
up €3,058 (+8.3%), from €36,670 to €39,728
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 | €995,711 | €1,095,899 | +€100,188 | +10.1% |
| Fixed assets | 21/28 | €44,174 | €31,146 | -€13,028 | -29.5% |
| Tangible fixed assets | 22/27 | €44,174 | €31,146 | -€13,028 | -29.5% |
| Furniture and vehicles | 24 | €37,474 | €24,446 | -€13,028 | -34.8% |
| Other tangible fixed assets | 26 | €6,700 | €6,700 | = | 0.0% |
| Current assets | 29/58 | €951,537 | €1,064,753 | +€113,216 | +11.9% |
| Amounts receivable after more than one year | 29 | €606,536 | €635,888 | +€29,352 | +4.8% |
| Other amounts receivable | 291 | €606,536 | €635,888 | +€29,352 | +4.8% |
| Amounts receivable within one year | 40/41 | €164,940 | €236,596 | +€71,656 | +43.4% |
| Trade receivables | 40 | €3,197 | €59,404 | +€56,207 | +1758.0% |
| Other amounts receivable | 41 | €161,742 | €177,192 | +€15,449 | +9.6% |
| Current investments | 50/53 | €89,124 | €127,420 | +€38,296 | +43.0% |
| Cash at bank and in hand | 54/58 | €89,056 | €62,755 | -€26,301 | -29.5% |
| Deferred charges and accrued income | 490/1 | €1,881 | €2,094 | +€213 | +11.3% |
| Total equity and liabilities | 10/49 | €995,711 | €1,095,899 | +€100,188 | +10.1% |
| Equity | 10/15 | €977,696 | €1,083,892 | +€106,196 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €965,296 | €1,071,492 | +€106,196 | +11.0% |
| Non-distributable reserves | 130/1 | €964,676 | €1,070,872 | +€106,196 | +11.0% |
| Reserves not available under the articles | 1311 | €964,676 | €1,070,872 | +€106,196 | +11.0% |
| Distributable reserves | 133 | €620 | €620 | = | 0.0% |
| Amounts payable | 17/49 | €18,015 | €12,007 | -€6,008 | -33.3% |
| Amounts payable within one year | 42/48 | €18,015 | €12,007 | -€6,008 | -33.3% |
| Trade debts | 44 | €2,881 | €3,035 | +€153 | +5.3% |
| Suppliers | 440/4 | €2,881 | €3,035 | +€153 | +5.3% |
| Taxes, remuneration and social security | 45 | €11,082 | €8,973 | -€2,110 | -19.0% |
| Taxes | 450/3 | €11,082 | €8,973 | -€2,110 | -19.0% |
| Other amounts payable | 47/48 | €4,051 | €0 | -€4,051 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,028 | €13,028 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €1,020 | +€53 | +5.5% |
| Gross operating margin | 9900 | €124,840 | €135,551 | +€10,712 | +8.6% |
| Operating profit (loss) | 9901 | €110,844 | €121,503 | +€10,659 | +9.6% |
| Financial income | 75/76B | €36,670 | €39,728 | +€3,058 | +8.3% |
| Recurring financial income | 75 | €36,670 | €39,728 | +€3,058 | +8.3% |
| Financial charges | 65/66B | €481 | €236 | -€245 | -50.9% |
| Recurring financial charges | 65 | €481 | €236 | -€245 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €147,034 | €160,995 | +€13,962 | +9.5% |
| Income taxes | 67/77 | €51,137 | €54,799 | +€3,662 | +7.2% |
| Profit (loss) for the period | 9904 | €95,896 | €106,196 | +€10,299 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,896 | €106,196 | +€10,299 | +10.7% |
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.