ALGOMAS: 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.
ALGOMAS
Largest movements
- Stocks and contracts +€100,568
up €100,568 (+82.1%), from €122,530 to €223,098
- Cash -€34,536
down €34,536 (-40.7%), from €84,865 to €50,330
mainly Other debts (-€150,071) and Stocks and contracts (-€100,568)
- Receivables within one year -€26,258
down €26,258 (-32.5%), from €80,682 to €54,425
of which Other amounts receivable: -€19,612
- Tangible fixed assets +€9,241
up €9,241 (+16.7%), from €55,359 to €64,600
of which Other tangible fixed assets: +€9,304
- Reserves +€157,917
up €157,917 (+453%), from €34,852 to €192,769
of which Distributable reserves: +€157,917
- Other debts -€150,071
down €150,071 (-99.3%), from €151,202 to €1,131
- Debts after one year +€51,114
new in 2025: €51,114
- Trade debts -€21,214
down €21,214 (-40.7%), from €52,108 to €30,894
- Tax, wage and social debts +€11,101
up €11,101 (+25.7%), from €43,234 to €54,335
of which Taxes: +€12,996
- Gross operating margin +€155,488
up €155,488 (+31.0%), from €501,650 to €657,138
- Taxes +€40,265
up €40,265 (+281%), from €14,352 to €54,616
- Staff costs -€7,093
down €7,093 (-1.7%), from €420,107 to €413,013
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 | €344,396 | €393,243 | +€48,847 | +14.2% |
| Fixed assets | 21/28 | €55,359 | €64,850 | +€9,491 | +17.1% |
| Tangible fixed assets | 22/27 | €55,359 | €64,600 | +€9,241 | +16.7% |
| Land and buildings | 22 | €312 | €0 | -€312 | -100% |
| Plant, machinery and equipment | 23 | €15,378 | €16,241 | +€864 | +5.6% |
| Furniture and vehicles | 24 | €3,222 | €2,607 | -€615 | -19.1% |
| Other tangible fixed assets | 26 | €36,448 | €45,752 | +€9,304 | +25.5% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €289,037 | €328,392 | +€39,355 | +13.6% |
| Stocks and contracts in progress | 3 | €122,530 | €223,098 | +€100,568 | +82.1% |
| Stocks | 30/36 | €122,530 | €223,098 | +€100,568 | +82.1% |
| Amounts receivable within one year | 40/41 | €80,682 | €54,425 | -€26,258 | -32.5% |
| Trade receivables | 40 | €61,070 | €54,425 | -€6,646 | -10.9% |
| Other amounts receivable | 41 | €19,612 | €0 | -€19,612 | -100% |
| Cash at bank and in hand | 54/58 | €84,865 | €50,330 | -€34,536 | -40.7% |
| Deferred charges and accrued income | 490/1 | €960 | €540 | -€419 | -43.7% |
| Total equity and liabilities | 10/49 | €344,396 | €393,243 | +€48,847 | +14.2% |
| Equity | 10/15 | €97,852 | €255,769 | +€157,917 | +161% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €34,852 | €192,769 | +€157,917 | +453% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €28,552 | €186,469 | +€157,917 | +553% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €246,544 | €137,473 | -€109,071 | -44.2% |
| Amounts payable after more than one year | 17 | - | €51,114 | +€51,114 | |
| Other amounts payable | 178/9 | - | €51,114 | +€51,114 | |
| Amounts payable within one year | 42/48 | €246,544 | €86,360 | -€160,184 | -65.0% |
| Trade debts | 44 | €52,108 | €30,894 | -€21,214 | -40.7% |
| Suppliers | 440/4 | €52,108 | €30,894 | -€21,214 | -40.7% |
| Taxes, remuneration and social security | 45 | €43,234 | €54,335 | +€11,101 | +25.7% |
| Taxes | 450/3 | €0 | €12,996 | +€12,996 | |
| Remuneration and social security | 454/9 | €43,234 | €41,339 | -€1,895 | -4.4% |
| Other amounts payable | 47/48 | €151,202 | €1,131 | -€150,071 | -99.3% |
| Non-recurring operating income | 76A | €717 | €0 | -€717 | -100% |
| Remuneration, social security and pensions | 62 | €420,107 | €413,013 | -€7,093 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,707 | €22,487 | +€2,781 | +14.1% |
| Other operating charges | 640/8 | €505 | €1,399 | +€893 | +177% |
| Gross operating margin | 9900 | €501,650 | €657,138 | +€155,488 | +31.0% |
| Operating profit (loss) | 9901 | €61,331 | €220,239 | +€158,907 | +259% |
| Financial income | 75/76B | €1,994 | €2,600 | +€606 | +30.4% |
| Recurring financial income | 75 | €1,994 | €2,600 | +€606 | +30.4% |
| Financial charges | 65/66B | €7,731 | €10,305 | +€2,574 | +33.3% |
| Recurring financial charges | 65 | €7,731 | €10,305 | +€2,574 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €55,594 | €212,534 | +€156,940 | +282% |
| Income taxes | 67/77 | €14,352 | €54,616 | +€40,265 | +281% |
| Profit (loss) for the period | 9904 | €41,242 | €157,917 | +€116,675 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €41,242 | €157,917 | +€116,675 | +283% |
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 15 October 2026 via checked.be.