ALGO Management: 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.
ALGO Management
Largest movements
- Current investments +€151,970
up €151,970 (+76.0%), from €200,022 to €351,992
- Receivables within one year -€29,358
down €29,358 (-51.8%), from €56,719 to €27,360
of which Trade receivables: -€29,236
- Tangible fixed assets +€5,260
up €5,260 (+283.9%), from €1,853 to €7,112
- Profit (loss) carried forward +€150,291
up €150,291 (+89.2%), from €168,558 to €318,849
- Accrued charges and deferred income -€27,125
down €27,125 (-100.0%), from €27,125 to €0
- Gross operating margin +€32,751
up €32,751 (+20.2%), from €161,805 to €194,556
- Taxes +€9,487
up €9,487 (+25.8%), from €36,810 to €46,297
- Financial income +€4,343
up €4,343 (+9073.8%), from €48 to €4,391
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 | €264,793 | €390,485 | +€125,692 | +47.5% |
| Fixed assets | 21/28 | €1,853 | €7,112 | +€5,260 | +283.9% |
| Tangible fixed assets | 22/27 | €1,853 | €7,112 | +€5,260 | +283.9% |
| Furniture and vehicles | 24 | €1,853 | €7,112 | +€5,260 | +283.9% |
| Current assets | 29/58 | €262,941 | €383,373 | +€120,433 | +45.8% |
| Amounts receivable within one year | 40/41 | €56,719 | €27,360 | -€29,358 | -51.8% |
| Trade receivables | 40 | €56,582 | €27,346 | -€29,236 | -51.7% |
| Other amounts receivable | 41 | €137 | €14 | -€122 | -89.6% |
| Current investments | 50/53 | €200,022 | €351,992 | +€151,970 | +76.0% |
| Cash at bank and in hand | 54/58 | €4,682 | €4,021 | -€661 | -14.1% |
| Deferred charges and accrued income | 490/1 | €1,518 | €0 | -€1,518 | -100.0% |
| Total equity and liabilities | 10/49 | €264,793 | €390,485 | +€125,692 | +47.5% |
| Equity | 10/15 | €171,558 | €321,849 | +€150,291 | +87.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,558 | €318,849 | +€150,291 | +89.2% |
| Amounts payable | 17/49 | €93,235 | €68,636 | -€24,599 | -26.4% |
| Amounts payable within one year | 42/48 | €66,110 | €68,636 | +€2,526 | +3.8% |
| Trade debts | 44 | €1,327 | €724 | -€603 | -45.4% |
| Suppliers | 440/4 | €1,327 | €724 | -€603 | -45.4% |
| Taxes, remuneration and social security | 45 | €56,998 | €58,802 | +€1,804 | +3.2% |
| Taxes | 450/3 | €56,998 | €58,802 | +€1,804 | +3.2% |
| Other amounts payable | 47/48 | €7,785 | €9,110 | +€1,324 | +17.0% |
| Accrued charges and deferred income | 492/3 | €27,125 | €0 | -€27,125 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €1,558 | +€1,256 | +415.9% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €161,805 | €194,556 | +€32,751 | +20.2% |
| Operating profit (loss) | 9901 | €161,439 | €192,932 | +€31,493 | +19.5% |
| Financial income | 75/76B | €48 | €4,391 | +€4,343 | +9073.8% |
| Recurring financial income | 75 | €48 | €4,391 | +€4,343 | +9073.8% |
| Financial charges | 65/66B | €153 | €734 | +€581 | +380.6% |
| Recurring financial charges | 65 | €153 | €734 | +€581 | +380.6% |
| Profit (loss) for the period before taxes | 9903 | €161,334 | €196,589 | +€35,254 | +21.9% |
| Income taxes | 67/77 | €36,810 | €46,297 | +€9,487 | +25.8% |
| Profit (loss) for the period | 9904 | €124,524 | €150,291 | +€25,767 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €124,524 | €150,291 | +€25,767 | +20.7% |
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 9 October 2026 via checked.be.