ALGICE Immo: 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.
ALGICE Immo
Largest movements
- Stocks and contracts -€55,903
down €55,903 (-70.9%), from €78,849 to €22,946
- Receivables within one year -€9,513
down €9,513 (-12.8%), from €74,038 to €64,525
of which Trade receivables: -€16,265
- Cash -€6,415
down €6,415 (-74.9%), from €8,570 to €2,155
mainly Trade debts (-€61,589) and Net result for the year (-€15,190)
- Tangible fixed assets -€5,160
down €5,160 (-80.4%), from €6,421 to €1,261
of which Furniture and vehicles: -€3,178
- Deferred charges and accrued income -€2,235
down €2,235 (-98.9%), from €2,259 to €24
- Trade debts -€61,589
down €61,589 (-74.6%), from €82,612 to €21,023
- Profit (loss) carried forward -€15,190
down €15,190 (-38.0%), from -€39,986 to -€55,176
- Tax, wage and social debts -€4,191
down €4,191 (-95.5%), from €4,390 to €199
of which Remuneration and social security: -€4,195
- Other debts +€1,727
up €1,727 (+3.2%), from €54,660 to €56,387
- Staff costs -€13,673
no longer reported in 2024 (was €13,673)
- Write-downs -€12,729
no longer reported in 2024 (was €12,729)
- Depreciation -€11,283
down €11,283 (-71.3%), from €15,815 to €4,532
- Financial income +€5,856
up €5,856 (+1,741%), from €336 to €6,192
of which Non-recurring financial income: +€6,168
- Financial charges +€5,326
up €5,326 (+1,053%), from €506 to €5,832
of which Non-recurring financial charges: +€4,252
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,137 | €90,911 | -€79,226 | -46.6% |
| Fixed assets | 21/28 | €6,421 | €1,261 | -€5,160 | -80.4% |
| Tangible fixed assets | 22/27 | €6,421 | €1,261 | -€5,160 | -80.4% |
| Plant, machinery and equipment | 23 | €2,547 | €1,122 | -€1,425 | -56.0% |
| Furniture and vehicles | 24 | €3,178 | - | -€3,178 | |
| Other tangible fixed assets | 26 | €696 | €139 | -€557 | -80.0% |
| Current assets | 29/58 | €163,715 | €89,650 | -€74,066 | -45.2% |
| Stocks and contracts in progress | 3 | €78,849 | €22,946 | -€55,903 | -70.9% |
| Stocks | 30/36 | €78,849 | €22,946 | -€55,903 | -70.9% |
| Amounts receivable within one year | 40/41 | €74,038 | €64,525 | -€9,513 | -12.8% |
| Trade receivables | 40 | €73,477 | €57,211 | -€16,265 | -22.1% |
| Other amounts receivable | 41 | €562 | €7,314 | +€6,752 | +1,202% |
| Cash at bank and in hand | 54/58 | €8,570 | €2,155 | -€6,415 | -74.9% |
| Deferred charges and accrued income | 490/1 | €2,259 | €24 | -€2,235 | -98.9% |
| Total equity and liabilities | 10/49 | €170,137 | €90,911 | -€79,226 | -46.6% |
| Equity | 10/15 | €28,474 | €13,284 | -€15,190 | -53.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,860 | €49,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,000 | €48,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,986 | -€55,176 | -€15,190 | -38.0% |
| Amounts payable | 17/49 | €141,662 | €77,627 | -€64,036 | -45.2% |
| Amounts payable within one year | 42/48 | €141,662 | €77,610 | -€64,053 | -45.2% |
| Trade debts | 44 | €82,612 | €21,023 | -€61,589 | -74.6% |
| Suppliers | 440/4 | €82,612 | €21,023 | -€61,589 | -74.6% |
| Taxes, remuneration and social security | 45 | €4,390 | €199 | -€4,191 | -95.5% |
| Taxes | 450/3 | €196 | €199 | +€4 | +2.0% |
| Remuneration and social security | 454/9 | €4,195 | - | -€4,195 | |
| Other amounts payable | 47/48 | €54,660 | €56,387 | +€1,727 | +3.2% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Non-recurring operating income | 76A | - | €2,264 | +€2,264 | |
| Remuneration, social security and pensions | 62 | €13,673 | - | -€13,673 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,815 | €4,532 | -€11,283 | -71.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,729 | - | -€12,729 | |
| Other operating charges | 640/8 | €1,355 | €1,150 | -€205 | -15.1% |
| Gross operating margin | 9900 | -€9,367 | -€9,870 | -€503 | -5.4% |
| Operating profit (loss) | 9901 | -€52,940 | -€15,551 | +€37,388 | +70.6% |
| Financial income | 75/76B | €336 | €6,192 | +€5,856 | +1,741% |
| Recurring financial income | 75 | €336 | €25 | -€312 | -92.7% |
| Non-recurring financial income | 76B | - | €6,168 | +€6,168 | |
| Financial charges | 65/66B | €506 | €5,832 | +€5,326 | +1,053% |
| Recurring financial charges | 65 | €506 | €1,579 | +€1,073 | +212% |
| Non-recurring financial charges | 66B | - | €4,252 | +€4,252 | |
| Profit (loss) for the period before taxes | 9903 | -€53,109 | -€15,190 | +€37,919 | +71.4% |
| Income taxes | 67/77 | -€6 | - | +€6 | |
| Profit (loss) for the period | 9904 | -€53,103 | -€15,190 | +€37,912 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,103 | -€15,190 | +€37,912 | +71.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.