ALGENO: 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.
ALGENO
Largest movements
- Cash +€34,730
up €34,730 (+22.9%), from €151,585 to €186,315
mainly Net result for the year (+€61,354) and Receivables within one year (+€22,733)
- Receivables within one year -€22,733
down €22,733 (-97.0%), from €23,447 to €714
of which Trade receivables: -€22,869
- Tangible fixed assets -€5,324
down €5,324 (-2.4%), from €217,871 to €212,547
of which Land and buildings: -€4,268
- Other debts +€10,245
up €10,245 (+18.3%), from €56,025 to €66,270
- Reserves -€4,916
down €4,916 (-1.8%), from €266,980 to €262,063
of which Distributable reserves: -€4,916
- Depreciation -€12,393
down €12,393 (-69.9%), from €17,717 to €5,324
- Gross operating margin -€8,040
down €8,040 (-7.6%), from €105,962 to €97,923
- Taxes +€1,321
up €1,321 (+4.8%), from €27,644 to €28,965
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 | €393,623 | €400,311 | +€6,689 | +1.7% |
| Fixed assets | 21/28 | €217,871 | €212,547 | -€5,324 | -2.4% |
| Tangible fixed assets | 22/27 | €217,871 | €212,547 | -€5,324 | -2.4% |
| Land and buildings | 22 | €214,132 | €209,864 | -€4,268 | -2.0% |
| Plant, machinery and equipment | 23 | €2,742 | €2,093 | -€650 | -23.7% |
| Furniture and vehicles | 24 | €996 | €590 | -€406 | -40.7% |
| Current assets | 29/58 | €175,751 | €187,764 | +€12,013 | +6.8% |
| Amounts receivable within one year | 40/41 | €23,447 | €714 | -€22,733 | -97.0% |
| Trade receivables | 40 | €22,869 | - | -€22,869 | |
| Other amounts receivable | 41 | €578 | €714 | +€136 | +23.4% |
| Cash at bank and in hand | 54/58 | €151,585 | €186,315 | +€34,730 | +22.9% |
| Deferred charges and accrued income | 490/1 | €719 | €735 | +€16 | +2.2% |
| Total equity and liabilities | 10/49 | €393,623 | €400,311 | +€6,689 | +1.7% |
| Equity | 10/15 | €328,480 | €323,563 | -€4,916 | -1.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €266,980 | €262,063 | -€4,916 | -1.8% |
| Non-distributable reserves | 130/1 | €9,187 | €9,187 | = | 0.0% |
| Legal reserve | 130 | €9,187 | €9,187 | = | 0.0% |
| Distributable reserves | 133 | €257,793 | €252,876 | -€4,916 | -1.9% |
| Amounts payable | 17/49 | €65,143 | €76,748 | +€11,605 | +17.8% |
| Amounts payable within one year | 42/48 | €65,143 | €76,748 | +€11,605 | +17.8% |
| Trade debts | 44 | €816 | €1,409 | +€593 | +72.7% |
| Suppliers | 440/4 | €816 | €1,409 | +€593 | +72.7% |
| Taxes, remuneration and social security | 45 | €8,302 | €9,069 | +€767 | +9.2% |
| Taxes | 450/3 | €8,302 | €9,069 | +€767 | +9.2% |
| Other amounts payable | 47/48 | €56,025 | €66,270 | +€10,245 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,717 | €5,324 | -€12,393 | -69.9% |
| Other operating charges | 640/8 | €2,124 | €2,205 | +€81 | +3.8% |
| Gross operating margin | 9900 | €105,962 | €97,923 | -€8,040 | -7.6% |
| Operating profit (loss) | 9901 | €86,122 | €90,394 | +€4,272 | +5.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €86,049 | €90,319 | +€4,270 | +5.0% |
| Income taxes | 67/77 | €27,644 | €28,965 | +€1,321 | +4.8% |
| Profit (loss) for the period | 9904 | €58,405 | €61,354 | +€2,949 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,405 | €61,354 | +€2,949 | +5.0% |
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.