ALGIA: 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.
ALGIA
Largest movements
- Tangible fixed assets -€27,712
down €27,712 (-3.3%), from €851,052 to €823,340
of which Land and buildings: -€25,515
- Debts after one year -€72,415
down €72,415 (-40.5%), from €178,589 to €106,174
- Reserves +€54,945
up €54,945 (+72.0%), from €76,321 to €131,266
of which Distributable reserves: +€52,198
- Other debts -€20,000
down €20,000 (-3.9%), from €515,251 to €495,251
- Gross operating margin +€16,180
up €16,180 (+13.8%), from €117,124 to €133,304
- Depreciation -€7,505
down €7,505 (-14.4%), from €52,145 to €44,640
- Taxes +€7,104
up €7,104 (+60.8%), from €11,690 to €18,794
- Financial charges -€2,712
down €2,712 (-23.1%), from €11,727 to €9,015
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 | €1,366,817 | €1,330,119 | -€36,698 | -2.7% |
| Fixed assets | 21/28 | €1,259,053 | €1,231,341 | -€27,712 | -2.2% |
| Tangible fixed assets | 22/27 | €851,052 | €823,340 | -€27,712 | -3.3% |
| Land and buildings | 22 | €845,617 | €820,102 | -€25,515 | -3.0% |
| Plant, machinery and equipment | 23 | €5,435 | €3,238 | -€2,197 | -40.4% |
| Financial fixed assets | 28 | €408,001 | €408,001 | = | 0.0% |
| Current assets | 29/58 | €107,764 | €98,778 | -€8,986 | -8.3% |
| Amounts receivable within one year | 40/41 | €79,724 | €76,459 | -€3,265 | -4.1% |
| Trade receivables | 40 | €6,750 | €6,795 | +€45 | +0.7% |
| Other amounts receivable | 41 | €72,974 | €69,663 | -€3,311 | -4.5% |
| Cash at bank and in hand | 54/58 | €26,863 | €20,206 | -€6,657 | -24.8% |
| Deferred charges and accrued income | 490/1 | €1,177 | €2,113 | +€936 | +79.6% |
| Total equity and liabilities | 10/49 | €1,366,817 | €1,330,119 | -€36,698 | -2.7% |
| Equity | 10/15 | €584,258 | €639,203 | +€54,945 | +9.4% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €76,321 | €131,266 | +€54,945 | +72.0% |
| Non-distributable reserves | 130/1 | €24,258 | €27,005 | +€2,747 | +11.3% |
| Legal reserve | 130 | €24,258 | €27,005 | +€2,747 | +11.3% |
| Distributable reserves | 133 | €52,063 | €104,261 | +€52,198 | +100% |
| Profit (loss) carried forward | 14 | €157,937 | €157,937 | +€0 | 0.0% |
| Amounts payable | 17/49 | €782,559 | €690,916 | -€91,643 | -11.7% |
| Amounts payable after more than one year | 17 | €178,589 | €106,174 | -€72,415 | -40.5% |
| Financial debts | 170/4 | €178,589 | €106,174 | -€72,415 | -40.5% |
| Amounts payable within one year | 42/48 | €596,284 | €576,252 | -€20,032 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €77,675 | €72,415 | -€5,260 | -6.8% |
| Trade debts | 44 | - | €1,435 | +€1,435 | |
| Suppliers | 440/4 | - | €1,435 | +€1,435 | |
| Taxes, remuneration and social security | 45 | €3,358 | €7,151 | +€3,793 | +113% |
| Taxes | 450/3 | €3,358 | €7,151 | +€3,793 | +113% |
| Other amounts payable | 47/48 | €515,251 | €495,251 | -€20,000 | -3.9% |
| Accrued charges and deferred income | 492/3 | €7,686 | €8,489 | +€803 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,145 | €44,640 | -€7,505 | -14.4% |
| Other operating charges | 640/8 | €6,496 | €5,911 | -€585 | -9.0% |
| Gross operating margin | 9900 | €117,124 | €133,304 | +€16,180 | +13.8% |
| Operating profit (loss) | 9901 | €58,483 | €82,753 | +€24,270 | +41.5% |
| Financial charges | 65/66B | €11,727 | €9,015 | -€2,712 | -23.1% |
| Recurring financial charges | 65 | €11,727 | €9,015 | -€2,712 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €46,756 | €73,738 | +€26,982 | +57.7% |
| Income taxes | 67/77 | €11,690 | €18,794 | +€7,104 | +60.8% |
| Profit (loss) for the period | 9904 | €35,066 | €54,945 | +€19,879 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,066 | €54,945 | +€19,879 | +56.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.