ALGOBAT: 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.
ALGOBAT
Largest movements
- Cash -€46,045
down €46,045 (-93.0%), from €49,515 to €3,471
mainly Trade debts (-€42,399) and Advances received (-€27,642)
- Tangible fixed assets -€34,651
down €34,651 (-21.8%), from €159,210 to €124,559
of which Land and buildings: -€19,205
- Trade debts -€42,399
down €42,399 (-43.7%), from €96,914 to €54,515
- Advances received -€27,642
down €27,642 (-55.6%), from €49,746 to €22,104
- Profit (loss) carried forward -€16,025
down €16,025 (-9.8%), from €162,835 to €146,810
- Tax, wage and social debts +€5,278
up €5,278 (+94.0%), from €5,617 to €10,895
of which Taxes: +€3,982
- Gross operating margin +€13,700
up €13,700 (+30.4%), from €45,033 to €58,734
- Staff costs +€10,347
new in 2025: €10,347
- Other operating charges +€9,234
up €9,234 (+533.0%), from €1,733 to €10,967
- Depreciation +€6,785
up €6,785 (+24.7%), from €27,452 to €34,237
- Taxes +€6,177
up €6,177 (+45.6%), from €13,533 to €19,710
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 | €335,504 | €254,691 | -€80,812 | -24.1% |
| Fixed assets | 21/28 | €160,200 | €125,549 | -€34,651 | -21.6% |
| Tangible fixed assets | 22/27 | €159,210 | €124,559 | -€34,651 | -21.8% |
| Land and buildings | 22 | €131,852 | €112,647 | -€19,205 | -14.6% |
| Furniture and vehicles | 24 | €27,358 | €11,912 | -€15,446 | -56.5% |
| Financial fixed assets | 28 | €990 | €990 | = | 0.0% |
| Current assets | 29/58 | €175,304 | €129,143 | -€46,161 | -26.3% |
| Amounts receivable within one year | 40/41 | €125,788 | €125,672 | -€116 | -0.1% |
| Trade receivables | 40 | €97,803 | €71,901 | -€25,903 | -26.5% |
| Other amounts receivable | 41 | €27,985 | €53,771 | +€25,787 | +92.1% |
| Cash at bank and in hand | 54/58 | €49,515 | €3,471 | -€46,045 | -93.0% |
| Total equity and liabilities | 10/49 | €335,504 | €254,691 | -€80,812 | -24.1% |
| Equity | 10/15 | €183,202 | €167,177 | -€16,025 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,767 | €1,767 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,767 | €1,767 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,767 | €1,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,835 | €146,810 | -€16,025 | -9.8% |
| Amounts payable | 17/49 | €152,302 | €87,515 | -€64,788 | -42.5% |
| Amounts payable within one year | 42/48 | €152,302 | €87,515 | -€64,788 | -42.5% |
| Trade debts | 44 | €96,914 | €54,515 | -€42,399 | -43.7% |
| Suppliers | 440/4 | €96,914 | €54,515 | -€42,399 | -43.7% |
| Advances received on contracts in progress | 46 | €49,746 | €22,104 | -€27,642 | -55.6% |
| Taxes, remuneration and social security | 45 | €5,617 | €10,895 | +€5,278 | +94.0% |
| Taxes | 450/3 | €5,617 | €9,599 | +€3,982 | +70.9% |
| Remuneration and social security | 454/9 | - | €1,296 | +€1,296 | |
| Other amounts payable | 47/48 | €25 | - | -€25 | |
| Remuneration, social security and pensions | 62 | - | €10,347 | +€10,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,452 | €34,237 | +€6,785 | +24.7% |
| Other operating charges | 640/8 | €1,733 | €10,967 | +€9,234 | +533.0% |
| Gross operating margin | 9900 | €45,033 | €58,734 | +€13,700 | +30.4% |
| Operating profit (loss) | 9901 | €15,849 | €3,182 | -€12,667 | -79.9% |
| Financial income | 75/76B | - | €1,364 | +€1,364 | |
| Recurring financial income | 75 | - | €1,364 | +€1,364 | |
| Financial charges | 65/66B | €625 | €861 | +€235 | +37.6% |
| Recurring financial charges | 65 | €625 | €861 | +€235 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €15,223 | €3,685 | -€11,538 | -75.8% |
| Income taxes | 67/77 | €13,533 | €19,710 | +€6,177 | +45.6% |
| Profit (loss) for the period | 9904 | €1,690 | -€16,025 | -€17,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,690 | -€16,025 | -€17,715 |
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 8 October 2026 via checked.be.