Algo Mas: 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.
Algo Mas
Largest movements
- Receivables within one year -€129,032
down €129,032 (-95.9%), from €134,497 to €5,465
of which Trade receivables: -€127,172
- Stocks and contracts +€106,497
up €106,497 (+250%), from €42,678 to €149,175
- Tangible fixed assets -€7,055
down €7,055 (-26.6%), from €26,569 to €19,514
of which Furniture and vehicles: -€15,764
- Deferred charges and accrued income +€6,566
up €6,566 (+590%), from €1,114 to €7,679
- Intangible fixed assets -€4,099
down €4,099 (-25.2%), from €16,271 to €12,172
- Profit (loss) carried forward -€25,777
down €25,777 (-59.9%), from -€43,067 to -€68,844
- Short-term financial debts +€8,864
new in 2025: €8,864
- Current portion of long-term debt -€5,908
down €5,908 (-91.5%), from €6,457 to €550
- Other debts -€4,769
no longer reported in 2025 (was €4,769)
- Gross operating margin +€34,852
up €34,852, from -€13,914 to €20,939
- Financial charges +€11,753
up €11,753 (+562%), from €2,091 to €13,844
- Staff costs +€2,546
up €2,546 (+98.8%), from €2,575 to €5,121
- Depreciation +€2,077
up €2,077 (+9.2%), from €22,639 to €24,716
- Other operating charges +€1,212
up €1,212 (+104%), from €1,163 to €2,375
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 | €240,700 | €212,681 | -€28,019 | -11.6% |
| Fixed assets | 21/28 | €44,565 | €31,686 | -€12,879 | -28.9% |
| Intangible fixed assets | 21 | €16,271 | €12,172 | -€4,099 | -25.2% |
| Tangible fixed assets | 22/27 | €26,569 | €19,514 | -€7,055 | -26.6% |
| Plant, machinery and equipment | 23 | €5,129 | €4,252 | -€876 | -17.1% |
| Furniture and vehicles | 24 | €21,440 | €5,676 | -€15,764 | -73.5% |
| Other tangible fixed assets | 26 | - | €9,586 | +€9,586 | |
| Financial fixed assets | 28 | €1,725 | - | -€1,725 | |
| Current assets | 29/58 | €196,135 | €180,995 | -€15,140 | -7.7% |
| Stocks and contracts in progress | 3 | €42,678 | €149,175 | +€106,497 | +250% |
| Stocks | 30/36 | €42,678 | €149,175 | +€106,497 | +250% |
| Amounts receivable within one year | 40/41 | €134,497 | €5,465 | -€129,032 | -95.9% |
| Trade receivables | 40 | €129,332 | €2,160 | -€127,172 | -98.3% |
| Other amounts receivable | 41 | €5,165 | €3,305 | -€1,861 | -36.0% |
| Cash at bank and in hand | 54/58 | €17,846 | €18,676 | +€830 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,114 | €7,679 | +€6,566 | +590% |
| Total equity and liabilities | 10/49 | €240,700 | €212,681 | -€28,019 | -11.6% |
| Equity | 10/15 | €44,763 | €18,985 | -€25,777 | -57.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €86,830 | €86,830 | = | 0.0% |
| Distributable reserves | 133 | €86,830 | €86,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,067 | -€68,844 | -€25,777 | -59.9% |
| Amounts payable | 17/49 | €195,937 | €193,695 | -€2,242 | -1.1% |
| Amounts payable after more than one year | 17 | €175,550 | €175,000 | -€550 | -0.3% |
| Financial debts | 170/4 | €175,550 | €175,000 | -€550 | -0.3% |
| Amounts payable within one year | 42/48 | €20,361 | €16,279 | -€4,082 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €6,457 | €550 | -€5,908 | -91.5% |
| Financial debts | 43 | - | €8,864 | +€8,864 | |
| Credit institutions | 430/8 | - | €8,864 | +€8,864 | |
| Trade debts | 44 | €2,653 | €1,896 | -€757 | -28.5% |
| Suppliers | 440/4 | €2,653 | €1,896 | -€757 | -28.5% |
| Taxes, remuneration and social security | 45 | €6,482 | €4,970 | -€1,511 | -23.3% |
| Taxes | 450/3 | €6,153 | €4,602 | -€1,551 | -25.2% |
| Remuneration and social security | 454/9 | €328 | €368 | +€40 | +12.2% |
| Other amounts payable | 47/48 | €4,769 | - | -€4,769 | |
| Accrued charges and deferred income | 492/3 | €27 | €2,416 | +€2,389 | +8,865% |
| Remuneration, social security and pensions | 62 | €2,575 | €5,121 | +€2,546 | +98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,639 | €24,716 | +€2,077 | +9.2% |
| Other operating charges | 640/8 | €1,163 | €2,375 | +€1,212 | +104% |
| Gross operating margin | 9900 | -€13,914 | €20,939 | +€34,852 | |
| Operating profit (loss) | 9901 | -€40,291 | -€11,274 | +€29,017 | +72.0% |
| Financial income | 75/76B | €40 | €50 | +€10 | +26.0% |
| Recurring financial income | 75 | €40 | €50 | +€10 | +26.0% |
| Financial charges | 65/66B | €2,091 | €13,844 | +€11,753 | +562% |
| Recurring financial charges | 65 | €2,091 | €13,844 | +€11,753 | +562% |
| Profit (loss) for the period before taxes | 9903 | -€42,342 | -€25,068 | +€17,274 | +40.8% |
| Income taxes | 67/77 | €725 | €709 | -€16 | -2.2% |
| Profit (loss) for the period | 9904 | -€43,067 | -€25,777 | +€17,290 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,067 | -€25,777 | +€17,290 | +40.1% |
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 20 October 2026 via checked.be.