ALGOET TEAM: 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.
ALGOET TEAM
Largest movements
- Receivables after one year -€190,000
no longer reported in 2025 (was €190,000)
- Tangible fixed assets -€62,880
down €62,880 (-14.0%), from €450,639 to €387,759
of which Furniture and vehicles: -€122,259
- Receivables within one year -€16,307
down €16,307 (-17.8%), from €91,785 to €75,478
of which Other amounts receivable: -€35,460
- Cash +€13,784
up €13,784 (+22.4%), from €61,651 to €75,435
mainly Receivables after one year (+€190,000) and Investment in fixed assets (net) (+€41,590)
- Reserves -€299,999
down €299,999 (-48.6%), from €617,433 to €317,434
of which Distributable reserves: -€299,999
- Tax, wage and social debts +€34,799
up €34,799 (+238%), from €14,616 to €49,415
- Other debts +€20,545
up €20,545 (+50.8%), from €40,420 to €60,965
- Debts after one year -€10,251
down €10,251 (-14.9%), from €68,874 to €58,623
- Depreciation -€30,928
down €30,928 (-59.2%), from €52,218 to €21,290
- Gross operating margin -€22,556
down €22,556 (-19.9%), from €113,551 to €90,995
- Other operating charges +€20,228
up €20,228 (+48.6%), from €41,613 to €61,841
- Financial income -€4,625
down €4,625 (-99.9%), from €4,628 to €3
- Taxes -€3,193
down €3,193, from €2,842 to -€351
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 | €796,016 | €546,264 | -€249,752 | -31.4% |
| Fixed assets | 21/28 | €450,639 | €387,759 | -€62,880 | -14.0% |
| Tangible fixed assets | 22/27 | €450,639 | €387,759 | -€62,880 | -14.0% |
| Land and buildings | 22 | €203,264 | €195,115 | -€8,149 | -4.0% |
| Plant, machinery and equipment | 23 | €88,645 | €156,173 | +€67,528 | +76.2% |
| Furniture and vehicles | 24 | €158,730 | €36,471 | -€122,259 | -77.0% |
| Current assets | 29/58 | €345,377 | €158,505 | -€186,872 | -54.1% |
| Amounts receivable after more than one year | 29 | €190,000 | - | -€190,000 | |
| Other amounts receivable | 291 | €190,000 | - | -€190,000 | |
| Stocks and contracts in progress | 3 | - | €7,592 | +€7,592 | |
| Stocks | 30/36 | - | €7,592 | +€7,592 | |
| Amounts receivable within one year | 40/41 | €91,785 | €75,478 | -€16,307 | -17.8% |
| Trade receivables | 40 | €51,785 | €70,938 | +€19,153 | +37.0% |
| Other amounts receivable | 41 | €40,000 | €4,540 | -€35,460 | -88.7% |
| Cash at bank and in hand | 54/58 | €61,651 | €75,435 | +€13,784 | +22.4% |
| Deferred charges and accrued income | 490/1 | €1,941 | - | -€1,941 | |
| Total equity and liabilities | 10/49 | €796,016 | €546,264 | -€249,752 | -31.4% |
| Equity | 10/15 | €636,033 | €336,081 | -€299,952 | -47.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €617,433 | €317,434 | -€299,999 | -48.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €615,573 | €315,574 | -€299,999 | -48.7% |
| Profit (loss) carried forward | 14 | - | €47 | +€47 | |
| Amounts payable | 17/49 | €159,983 | €210,183 | +€50,200 | +31.4% |
| Amounts payable after more than one year | 17 | €68,874 | €58,623 | -€10,251 | -14.9% |
| Financial debts | 170/4 | €68,874 | €58,623 | -€10,251 | -14.9% |
| Amounts payable within one year | 42/48 | €91,109 | €151,560 | +€60,451 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | €30,047 | €32,291 | +€2,244 | +7.5% |
| Trade debts | 44 | €6,026 | €8,889 | +€2,863 | +47.5% |
| Suppliers | 440/4 | €6,026 | €8,889 | +€2,863 | +47.5% |
| Taxes, remuneration and social security | 45 | €14,616 | €49,415 | +€34,799 | +238% |
| Taxes | 450/3 | €14,616 | €49,415 | +€34,799 | +238% |
| Other amounts payable | 47/48 | €40,420 | €60,965 | +€20,545 | +50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,218 | €21,290 | -€30,928 | -59.2% |
| Other operating charges | 640/8 | €41,613 | €61,841 | +€20,228 | +48.6% |
| Gross operating margin | 9900 | €113,551 | €90,995 | -€22,556 | -19.9% |
| Operating profit (loss) | 9901 | €19,720 | €7,864 | -€11,856 | -60.1% |
| Financial income | 75/76B | €4,628 | €3 | -€4,625 | -99.9% |
| Recurring financial income | 75 | €4,628 | €3 | -€4,625 | -99.9% |
| Financial charges | 65/66B | €9,533 | €8,171 | -€1,362 | -14.3% |
| Recurring financial charges | 65 | €9,533 | €8,171 | -€1,362 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €14,815 | -€304 | -€15,119 | |
| Income taxes | 67/77 | €2,842 | -€351 | -€3,193 | |
| Profit (loss) for the period | 9904 | €11,973 | €47 | -€11,926 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,973 | €47 | -€11,926 | -99.6% |
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 24 October 2026 via checked.be.