ALGEVA: 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.
ALGEVA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€3,819
up €3,819 (+70.5%), from -€5,417 to -€1,598
- Other operating charges +€91
up €91 (+72.2%), from €126 to €217
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,784,634 | €1,781,252 | -€3,382 | -0.2% |
| Formation expenses | 20 | €2,427 | €1,618 | -€809 | -33.3% |
| Fixed assets | 21/28 | €1,775,939 | €1,775,762 | -€177 | 0.0% |
| Tangible fixed assets | 22/27 | €1,775,939 | €1,775,762 | -€177 | 0.0% |
| Land and buildings | 22 | €1,775,939 | €1,775,762 | -€177 | 0.0% |
| Current assets | 29/58 | €6,268 | €3,872 | -€2,396 | -38.2% |
| Amounts receivable after more than one year | 29 | €244 | €347 | +€103 | +42.2% |
| Other amounts receivable | 291 | €244 | €347 | +€103 | +42.2% |
| Cash at bank and in hand | 54/58 | €6,024 | - | -€6,024 | |
| Deferred charges and accrued income | 490/1 | - | €3,525 | +€3,525 | |
| Total equity and liabilities | 10/49 | €1,784,634 | €1,781,252 | -€3,382 | -0.2% |
| Equity | 10/15 | €195,149 | €192,002 | -€3,147 | -1.6% |
| Contributions | 10/11 | €207,500 | €207,500 | = | 0.0% |
| Capital | 10 | €207,500 | €207,500 | = | 0.0% |
| Issued capital | 100 | €207,500 | €207,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,351 | -€15,498 | -€3,147 | -25.5% |
| Amounts payable | 17/49 | €1,589,485 | €1,589,250 | -€235 | 0.0% |
| Amounts payable within one year | 42/48 | €1,589,485 | €1,589,250 | -€235 | 0.0% |
| Trade debts | 44 | €650 | - | -€650 | |
| Suppliers | 440/4 | €650 | - | -€650 | |
| Other amounts payable | 47/48 | €1,588,835 | €1,589,250 | +€415 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €1,282 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €217 | +€91 | +72.2% |
| Gross operating margin | 9900 | -€5,417 | -€1,598 | +€3,819 | +70.5% |
| Operating profit (loss) | 9901 | -€6,825 | -€3,097 | +€3,728 | +54.6% |
| Financial charges | 65/66B | €46 | €49 | +€3 | +6.5% |
| Recurring financial charges | 65 | €46 | €49 | +€3 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,871 | -€3,146 | +€3,725 | +54.2% |
| Profit (loss) for the period | 9904 | -€6,871 | -€3,146 | +€3,725 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,871 | -€3,146 | +€3,725 | +54.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.