ALGEX: 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.
ALGEX
Largest movements
- Tangible fixed assets +€40,483
up €40,483 (+316.5%), from €12,793 to €53,276
of which Plant, machinery and equipment: +€38,136
- Cash +€29,680
up €29,680 (+86.5%), from €34,331 to €64,011
mainly Other debts (+€36,500) and Debts after one year (+€33,455)
- Deferred charges and accrued income +€1,540
up €1,540 (+163.2%), from €944 to €2,484
- Other debts +€36,500
up €36,500 (+536.2%), from €6,807 to €43,307
- Debts after one year +€33,455
new in 2025: €33,455
- Profit (loss) carried forward -€18,205
down €18,205 (-46.7%), from €39,013 to €20,809
- Current portion of long-term debt +€8,896
new in 2025: €8,896
- Tax, wage and social debts +€8,218
up €8,218 (+219.3%), from €3,748 to €11,966
- Gross operating margin +€26,002
up €26,002 (+95.2%), from €27,325 to €53,327
- Taxes +€3,989
up €3,989 (+87.3%), from €4,571 to €8,560
- Depreciation +€3,860
up €3,860 (+65.7%), from €5,874 to €9,734
- Other operating charges +€1,776
up €1,776 (+1825.7%), from €97 to €1,873
- Financial charges +€1,308
up €1,308 (+2310.2%), from €57 to €1,365
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 | €52,685 | €124,544 | +€71,859 | +136.4% |
| Fixed assets | 21/28 | €14,931 | €54,401 | +€39,470 | +264.3% |
| Intangible fixed assets | 21 | €1,014 | - | -€1,014 | |
| Tangible fixed assets | 22/27 | €12,793 | €53,276 | +€40,483 | +316.5% |
| Plant, machinery and equipment | 23 | €11,669 | €49,805 | +€38,136 | +326.8% |
| Furniture and vehicles | 24 | €1,124 | €3,471 | +€2,347 | +208.9% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €37,754 | €70,143 | +€32,389 | +85.8% |
| Amounts receivable within one year | 40/41 | €2,479 | €3,648 | +€1,169 | +47.1% |
| Trade receivables | 40 | €2,045 | €3,219 | +€1,174 | +57.4% |
| Other amounts receivable | 41 | €434 | €429 | -€5 | -1.1% |
| Cash at bank and in hand | 54/58 | €34,331 | €64,011 | +€29,680 | +86.5% |
| Deferred charges and accrued income | 490/1 | €944 | €2,484 | +€1,540 | +163.2% |
| Total equity and liabilities | 10/49 | €52,685 | €124,544 | +€71,859 | +136.4% |
| Equity | 10/15 | €42,013 | €23,809 | -€18,205 | -43.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,013 | €20,809 | -€18,205 | -46.7% |
| Amounts payable | 17/49 | €10,672 | €100,735 | +€90,063 | +843.9% |
| Amounts payable after more than one year | 17 | - | €33,455 | +€33,455 | |
| Financial debts | 170/4 | - | €33,455 | +€33,455 | |
| Amounts payable within one year | 42/48 | €10,672 | €65,429 | +€54,758 | +513.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,896 | +€8,896 | |
| Trade debts | 44 | €117 | €1,260 | +€1,143 | +980.7% |
| Suppliers | 440/4 | €117 | €1,260 | +€1,143 | +980.7% |
| Taxes, remuneration and social security | 45 | €3,748 | €11,966 | +€8,218 | +219.3% |
| Taxes | 450/3 | €3,748 | €11,966 | +€8,218 | +219.3% |
| Other amounts payable | 47/48 | €6,807 | €43,307 | +€36,500 | +536.2% |
| Accrued charges and deferred income | 492/3 | - | €1,850 | +€1,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,874 | €9,734 | +€3,860 | +65.7% |
| Other operating charges | 640/8 | €97 | €1,873 | +€1,776 | +1825.7% |
| Gross operating margin | 9900 | €27,325 | €53,327 | +€26,002 | +95.2% |
| Operating profit (loss) | 9901 | €21,354 | €41,720 | +€20,366 | +95.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2000.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2000.0% |
| Financial charges | 65/66B | €57 | €1,365 | +€1,308 | +2310.2% |
| Recurring financial charges | 65 | €57 | €1,365 | +€1,308 | +2310.2% |
| Profit (loss) for the period before taxes | 9903 | €21,297 | €40,356 | +€19,059 | +89.5% |
| Income taxes | 67/77 | €4,571 | €8,560 | +€3,989 | +87.3% |
| Profit (loss) for the period | 9904 | €16,726 | €31,796 | +€15,069 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,726 | €31,796 | +€15,069 | +90.1% |
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.