Algiz: 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.
Algiz
Largest movements
- Intangible fixed assets -€836
down €836 (-56.0%), from €1,494 to €658
- Receivables within one year -€742
down €742 (-88.4%), from €839 to €97
- Cash -€535
down €535 (-18.6%), from €2,876 to €2,342
mainly Net result for the year (-€4,501) and Trade debts (-€588)
- Formation expenses -€429
down €429 (-74.1%), from €579 to €150
- Profit (loss) carried forward -€4,501
down €4,501 (-42.2%), from -€10,667 to -€15,168
- Other debts +€2,738
up €2,738 (+20.8%), from €13,160 to €15,897
- Trade debts -€588
down €588 (-97.2%), from €605 to €17
- Tax, wage and social debts -€241
down €241 (-100.0%), from €241 to €0
- Gross operating margin -€849
down €849 (-38.8%), from -€2,187 to -€3,036
- Financial charges -€734
down €734, from €469 to -€265
- Other operating charges -€110
down €110 (-19.1%), from €575 to €465
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 | €5,839 | €3,247 | -€2,592 | -44.4% |
| Formation expenses | 20 | €579 | €150 | -€429 | -74.1% |
| Fixed assets | 21/28 | €1,494 | €658 | -€836 | -56.0% |
| Intangible fixed assets | 21 | €1,494 | €658 | -€836 | -56.0% |
| Current assets | 29/58 | €3,766 | €2,439 | -€1,327 | -35.2% |
| Amounts receivable within one year | 40/41 | €839 | €97 | -€742 | -88.4% |
| Other amounts receivable | 41 | €839 | €97 | -€742 | -88.4% |
| Cash at bank and in hand | 54/58 | €2,876 | €2,342 | -€535 | -18.6% |
| Deferred charges and accrued income | 490/1 | €50 | €0 | -€50 | -100.0% |
| Total equity and liabilities | 10/49 | €5,839 | €3,247 | -€2,592 | -44.4% |
| Equity | 10/15 | -€8,167 | -€12,668 | -€4,501 | -55.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,667 | -€15,168 | -€4,501 | -42.2% |
| Amounts payable | 17/49 | €14,006 | €15,914 | +€1,909 | +13.6% |
| Amounts payable within one year | 42/48 | €14,006 | €15,914 | +€1,909 | +13.6% |
| Trade debts | 44 | €605 | €17 | -€588 | -97.2% |
| Suppliers | 440/4 | €605 | €17 | -€588 | -97.2% |
| Taxes, remuneration and social security | 45 | €241 | €0 | -€241 | -100.0% |
| Taxes | 450/3 | €241 | €0 | -€241 | -100.0% |
| Other amounts payable | 47/48 | €13,160 | €15,897 | +€2,738 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,265 | €1,265 | = | 0.0% |
| Other operating charges | 640/8 | €575 | €465 | -€110 | -19.1% |
| Gross operating margin | 9900 | -€2,187 | -€3,036 | -€849 | -38.8% |
| Operating profit (loss) | 9901 | -€4,027 | -€4,766 | -€739 | -18.4% |
| Financial charges | 65/66B | €469 | -€265 | -€734 | |
| Recurring financial charges | 65 | €469 | -€265 | -€734 | |
| Profit (loss) for the period before taxes | 9903 | -€4,496 | -€4,501 | -€5 | -0.1% |
| Profit (loss) for the period | 9904 | -€4,496 | -€4,501 | -€5 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,496 | -€4,501 | -€5 | -0.1% |
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 4 October 2026 via checked.be.