ALGIMO: 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.
What changed
ALGIMO
NACE 96.999, Other personal services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€27.5m
2024 · €29.3m-€1.9m
Equity
€211.5m
2024 · €184.0m+€27.5m
Cash
€2.0m
2024 · €241,637+€1.8m
Balance sheet total
€214.3m
2024 · €186.3m+€28.0m
Largest movements
Assets
- Financial fixed assets +€20.3m
up €20.3m (+15.0%), from €135.2m to €155.5m
of which Companies linked by participating interests: +€15.4m
- Current investments +€5.1m
up €5.1m (+14.4%), from €35.3m to €40.4m
Equity and liabilities
- Profit (loss) carried forward +€27.5m
up €27.5m (+24.0%), from €114.5m to €141.9m
Income statement
- Financial charges +€1.0m
up €1.0m (+852.1%), from €122,052 to €1.2m
of which Financial charges: +€565,743
- Financial income -€701,452
down €701,452 (-2.4%), from €29.4m to €28.7m
of which Financial income: -€10.6m
- Services and other goods +€276,335
up €276,335 (+31.9%), from €866,461 to €1.1m
- Turnover +€159,690
up €159,690 (+8.9%), from €1.8m to €2.0m
- Other operating charges +€22,898
up €22,898 (+33.6%), from €68,251 to €91,149
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.
Result 2024
€29.3m
Turnover
+€159,690
Other operating income
-€2,604
Services and other goods
-€276,335
Staff costs
+€1,436
Depreciation
-€479
Other operating charges
-€22,898
Financial income
-€701,452
Financial charges
-€1.0m
Result 2025
€27.5m
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.
From operations
+€27.1m
Investment
-€25.4m
Financing
€0
Cash 2024
€241,637
From operations (derived)
+€27.1m
Net result for the year
+€27.5m
Depreciation
+€628
Receivables after one year
-€287,145
Stocks and contracts
-€132,000
Receivables within one year
-€512,749
Smaller working-capital items
+€40,956
Other debts
+€536,252
Investment (derived)
-€25.4m
Investment in fixed assets (net)
-€20.3m
Current investments
-€5.1m
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,282,551 | €214,328,750 | +€28.0m | +15.1% |
| Fixed assets | 21/28 | €136,053,853 | €156,341,065 | +€20.3m | +14.9% |
| Tangible fixed assets | 22/27 | €820,967 | €820,340 | -€628 | -0.1% |
| Land and buildings | 22 | €488,777 | €488,777 | = | 0.0% |
| Furniture and vehicles | 24 | €2,990 | €2,363 | -€628 | -21.0% |
| Other tangible fixed assets | 26 | €329,200 | €329,200 | = | 0.0% |
| Financial fixed assets | 28 | €135,232,886 | €155,520,726 | +€20.3m | +15.0% |
| Affiliated companies | 280/1 | €117,531,145 | €117,531,145 | = | 0.0% |
| Participating interests | 280 | €117,531,145 | €117,531,145 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €350,400 | €15,740,864 | +€15.4m | +4392.3% |
| Participating interests | 282 | €350,400 | €15,740,864 | +€15.4m | +4392.3% |
| Other financial fixed assets | 284/8 | €17,351,341 | €22,248,716 | +€4.9m | +28.2% |
| Shares | 284 | €17,351,341 | €22,248,716 | +€4.9m | +28.2% |
| Current assets | 29/58 | €50,228,698 | €57,987,685 | +€7.8m | +15.4% |
| Amounts receivable after more than one year | 29 | €2,526,520 | €2,813,665 | +€287,145 | +11.4% |
| Other amounts receivable | 291 | €2,526,520 | €2,813,665 | +€287,145 | +11.4% |
| Stocks and contracts in progress | 3 | €8,689,750 | €8,821,750 | +€132,000 | +1.5% |
| Stocks | 30/36 | €8,689,750 | €8,821,750 | +€132,000 | +1.5% |
| Property held for sale | 35 | €8,689,750 | €8,821,750 | +€132,000 | +1.5% |
| Amounts receivable within one year | 40/41 | €3,355,552 | €3,868,301 | +€512,749 | +15.3% |
| Trade receivables | 40 | €32,850 | €189,495 | +€156,645 | +476.8% |
| Other amounts receivable | 41 | €3,322,702 | €3,678,806 | +€356,104 | +10.7% |
| Current investments | 50/53 | €35,330,813 | €40,403,577 | +€5.1m | +14.4% |
| Other investments | 51/53 | €35,330,813 | €40,403,577 | +€5.1m | +14.4% |
| Cash at bank and in hand | 54/58 | €241,637 | €1,991,744 | +€1.8m | +724.3% |
| Deferred charges and accrued income | 490/1 | €84,427 | €88,648 | +€4,221 | +5.0% |
| Total equity and liabilities | 10/49 | €186,282,551 | €214,328,750 | +€28.0m | +15.1% |
| Equity | 10/15 | €184,021,802 | €211,486,572 | +€27.5m | +14.9% |
| Contributions | 10/11 | €44,006,112 | €44,006,112 | = | 0.0% |
| Capital | 10 | €44,006,112 | €44,006,112 | = | 0.0% |
| Issued capital | 100 | €44,006,112 | €44,006,112 | = | 0.0% |
| Revaluation surpluses | 12 | €20,793,612 | €20,793,612 | = | 0.0% |
| Reserves | 13 | €4,766,689 | €4,766,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,417,646 | €4,417,646 | = | 0.0% |
| Legal reserve | 130 | €4,400,700 | €4,400,700 | = | 0.0% |
| Other | 1319 | €16,946 | €16,946 | = | 0.0% |
| Distributable reserves | 133 | €349,043 | €349,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,455,389 | €141,920,159 | +€27.5m | +24.0% |
| Amounts payable | 17/49 | €2,260,749 | €2,842,178 | +€581,429 | +25.7% |
| Amounts payable after more than one year | 17 | €558 | €558 | = | 0.0% |
| Other amounts payable | 178/9 | €558 | €558 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,997,818 | €2,530,816 | +€532,998 | +26.7% |
| Trade debts | 44 | €172,064 | €206,770 | +€34,706 | +20.2% |
| Suppliers | 440/4 | €172,064 | €206,770 | +€34,706 | +20.2% |
| Taxes, remuneration and social security | 45 | €155,955 | €117,995 | -€37,960 | -24.3% |
| Taxes | 450/3 | €48,428 | €35,009 | -€13,420 | -27.7% |
| Remuneration and social security | 454/9 | €107,527 | €82,987 | -€24,540 | -22.8% |
| Other amounts payable | 47/48 | €1,669,799 | €2,206,051 | +€536,252 | +32.1% |
| Accrued charges and deferred income | 492/3 | €262,373 | €310,803 | +€48,431 | +18.5% |
| Operating income | 70/76A | €1,815,492 | €1,972,578 | +€157,086 | +8.7% |
| Turnover | 70 | €1,797,998 | €1,957,688 | +€159,690 | +8.9% |
| Other operating income | 74 | €17,494 | €14,890 | -€2,604 | -14.9% |
| Operating charges | 60/66A | €1,741,696 | €2,039,972 | +€298,276 | +17.1% |
| Purchases | 600/8 | - | €132,000 | +€132,000 | |
| Change in stocks: decrease (increase) | 609 | - | -€132,000 | -€132,000 | |
| Services and other goods | 61 | €866,461 | €1,142,796 | +€276,335 | +31.9% |
| Remuneration, social security and pensions | 62 | €806,836 | €805,400 | -€1,436 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €628 | +€479 | +322.9% |
| Other operating charges | 640/8 | €68,251 | €91,149 | +€22,898 | +33.6% |
| Operating profit (loss) | 9901 | €73,796 | -€67,394 | -€141,190 | |
| Financial income | 75/76B | €29,395,643 | €28,694,191 | -€701,452 | -2.4% |
| Recurring financial income | 75 | €29,395,643 | €18,762,117 | -€10.6m | -36.2% |
| Income from financial fixed assets | 750 | €22,828,946 | €17,784,490 | -€5.0m | -22.1% |
| Income from current assets | 751 | €296,760 | €974,568 | +€677,808 | +228.4% |
| Other financial income | 752/9 | €6,269,937 | €3,059 | -€6.3m | -100.0% |
| Non-recurring financial income | 76B | - | €9,932,074 | +€9.9m | |
| Financial charges | 65/66B | €122,052 | €1,162,027 | +€1.0m | +852.1% |
| Recurring financial charges | 65 | €122,052 | €687,795 | +€565,743 | +463.5% |
| Debt charges | 650 | €121,419 | €53,377 | -€68,042 | -56.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €600,750 | +€600,750 | |
| Other financial charges | 652/9 | €633 | €33,668 | +€33,035 | +5215.3% |
| Non-recurring financial charges | 66B | - | €474,231 | +€474,231 | |
| Profit (loss) for the period before taxes | 9903 | €29,347,387 | €27,464,770 | -€1.9m | -6.4% |
| Profit (loss) for the period | 9904 | €29,347,387 | €27,464,770 | -€1.9m | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,347,387 | €27,464,770 | -€1.9m | -6.4% |
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 12 October 2026 via checked.be.