Algoneg³: 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.
Algoneg³
Largest movements
- Receivables within one year +€57,126
up €57,126 (+61.3%), from €93,187 to €150,313
of which Trade receivables: +€54,627
- Tangible fixed assets -€52,286
down €52,286 (-31.9%), from €164,133 to €111,847
- Cash +€10,479
up €10,479 (+4.4%), from €236,504 to €246,982
mainly Depreciation (+€57,066) and Net result for the year (+€37,230)
- Debts after one year -€34,620
down €34,620 (-55.8%), from €62,012 to €27,392
- Trade debts +€32,415
up €32,415 (+72.3%), from €44,864 to €77,279
- Other debts +€32,130
up €32,130 (+572%), from €5,619 to €37,749
- Reserves -€30,837
down €30,837 (-6.8%), from €451,902 to €421,065
of which Distributable reserves: -€30,837
- Contributions +€12,300
up €12,300 (+195%), from €6,300 to €18,600
- Gross operating margin -€42,073
down €42,073 (-28.3%), from €148,518 to €106,444
- Taxes -€14,580
down €14,580 (-61.6%), from €23,659 to €9,079
- Depreciation +€3,131
up €3,131 (+5.8%), from €53,935 to €57,066
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 | €641,585 | €661,133 | +€19,548 | +3.0% |
| Fixed assets | 21/28 | €164,268 | €111,982 | -€52,286 | -31.8% |
| Tangible fixed assets | 22/27 | €164,133 | €111,847 | -€52,286 | -31.9% |
| Land and buildings | 22 | - | €1,746 | +€1,746 | |
| Plant, machinery and equipment | 23 | €69,162 | €43,532 | -€25,630 | -37.1% |
| Furniture and vehicles | 24 | €11,806 | €5,206 | -€6,600 | -55.9% |
| Leasing and similar rights | 25 | €83,165 | €61,364 | -€21,801 | -26.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €477,317 | €549,151 | +€71,833 | +15.0% |
| Stocks and contracts in progress | 3 | €27,626 | €27,210 | -€416 | -1.5% |
| Contracts in progress | 37 | €27,626 | €27,210 | -€416 | -1.5% |
| Amounts receivable within one year | 40/41 | €93,187 | €150,313 | +€57,126 | +61.3% |
| Trade receivables | 40 | €86,846 | €141,473 | +€54,627 | +62.9% |
| Other amounts receivable | 41 | €6,341 | €8,841 | +€2,499 | +39.4% |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €236,504 | €246,982 | +€10,479 | +4.4% |
| Deferred charges and accrued income | 490/1 | - | €4,645 | +€4,645 | |
| Total equity and liabilities | 10/49 | €641,585 | €661,133 | +€19,548 | +3.0% |
| Equity | 10/15 | €458,202 | €439,665 | -€18,537 | -4.0% |
| Contributions | 10/11 | €6,300 | €18,600 | +€12,300 | +195% |
| Reserves | 13 | €451,902 | €421,065 | -€30,837 | -6.8% |
| 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 | €450,042 | €419,205 | -€30,837 | -6.9% |
| Amounts payable | 17/49 | €183,383 | €221,468 | +€38,085 | +20.8% |
| Amounts payable after more than one year | 17 | €62,012 | €27,392 | -€34,620 | -55.8% |
| Financial debts | 170/4 | €62,012 | €27,392 | -€34,620 | -55.8% |
| Amounts payable within one year | 42/48 | €121,371 | €194,076 | +€72,705 | +59.9% |
| Current portion of amounts payable after more than one year | 42 | €36,640 | €34,620 | -€2,020 | -5.5% |
| Trade debts | 44 | €44,864 | €77,279 | +€32,415 | +72.3% |
| Suppliers | 440/4 | €44,864 | €77,279 | +€32,415 | +72.3% |
| Advances received on contracts in progress | 46 | €1,162 | - | -€1,162 | |
| Taxes, remuneration and social security | 45 | €33,085 | €44,428 | +€11,342 | +34.3% |
| Taxes | 450/3 | €28,345 | €37,888 | +€9,542 | +33.7% |
| Remuneration and social security | 454/9 | €4,740 | €6,540 | +€1,800 | +38.0% |
| Other amounts payable | 47/48 | €5,619 | €37,749 | +€32,130 | +572% |
| Non-recurring operating income | 76A | €4,446 | - | -€4,446 | |
| Remuneration, social security and pensions | 62 | €185 | - | -€185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,935 | €57,066 | +€3,131 | +5.8% |
| Other operating charges | 640/8 | €1,723 | €972 | -€751 | -43.6% |
| Non-recurring operating charges | 66A | €3,493 | - | -€3,493 | |
| Gross operating margin | 9900 | €148,518 | €106,444 | -€42,073 | -28.3% |
| Operating profit (loss) | 9901 | €89,182 | €48,406 | -€40,776 | -45.7% |
| Financial income | 75/76B | €54 | €88 | +€33 | +61.9% |
| Recurring financial income | 75 | €54 | €88 | +€33 | +61.9% |
| Financial charges | 65/66B | €2,271 | €2,184 | -€87 | -3.8% |
| Recurring financial charges | 65 | €2,271 | €2,184 | -€87 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €86,965 | €46,309 | -€40,656 | -46.7% |
| Income taxes | 67/77 | €23,659 | €9,079 | -€14,580 | -61.6% |
| Profit (loss) for the period | 9904 | €63,307 | €37,230 | -€26,076 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,307 | €37,230 | -€26,076 | -41.2% |
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 14 October 2026 via checked.be.