ALGONEG: 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.
ALGONEG
Largest movements
- Receivables within one year -€47,906
down €47,906 (-69.4%), from €69,061 to €21,155
of which Other amounts receivable: -€49,070
- Tangible fixed assets -€33,242
down €33,242 (-10.6%), from €312,735 to €279,493
of which Leasing and similar rights: -€19,780
- Cash +€8,452
up €8,452 (+12.4%), from €68,430 to €76,882
mainly Receivables within one year (+€47,906) and Depreciation (+€33,242)
- Debts after one year -€43,837
down €43,837 (-23.5%), from €186,176 to €142,340
- Reserves -€25,680
down €25,680 (-16.9%), from €151,809 to €126,129
of which Distributable reserves: -€25,680
- Provisions -€5,521
down €5,521 (-33.3%), from €16,563 to €11,042
- Provisions -€5,521
new in 2025: -€5,521
- Gross operating margin +€5,070
up €5,070 (+8.0%), from €63,296 to €68,366
- Taxes +€3,296
up €3,296 (+72.6%), from €4,538 to €7,834
- Depreciation -€1,375
down €1,375 (-4.0%), from €34,617 to €33,242
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 | €450,226 | €377,529 | -€72,697 | -16.1% |
| Fixed assets | 21/28 | €312,735 | €279,493 | -€33,242 | -10.6% |
| Tangible fixed assets | 22/27 | €312,735 | €279,493 | -€33,242 | -10.6% |
| Land and buildings | 22 | €245,830 | €232,367 | -€13,462 | -5.5% |
| Leasing and similar rights | 25 | €66,905 | €47,125 | -€19,780 | -29.6% |
| Current assets | 29/58 | €137,491 | €98,037 | -€39,454 | -28.7% |
| Amounts receivable within one year | 40/41 | €69,061 | €21,155 | -€47,906 | -69.4% |
| Trade receivables | 40 | €19,091 | €20,255 | +€1,164 | +6.1% |
| Other amounts receivable | 41 | €49,970 | €900 | -€49,070 | -98.2% |
| Cash at bank and in hand | 54/58 | €68,430 | €76,882 | +€8,452 | +12.4% |
| Total equity and liabilities | 10/49 | €450,226 | €377,529 | -€72,697 | -16.1% |
| Equity | 10/15 | €170,409 | €144,729 | -€25,680 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,809 | €126,129 | -€25,680 | -16.9% |
| 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 | €149,949 | €124,269 | -€25,680 | -17.1% |
| Provisions and deferred taxes | 16 | €16,563 | €11,042 | -€5,521 | -33.3% |
| Provisions for liabilities and charges | 160/5 | €16,563 | €11,042 | -€5,521 | -33.3% |
| Major repairs and maintenance | 162 | €16,563 | €11,042 | -€5,521 | -33.3% |
| Amounts payable | 17/49 | €263,254 | €221,758 | -€41,496 | -15.8% |
| Amounts payable after more than one year | 17 | €186,176 | €142,340 | -€43,837 | -23.5% |
| Financial debts | 170/4 | €186,176 | €142,340 | -€43,837 | -23.5% |
| Amounts payable within one year | 42/48 | €77,078 | €79,419 | +€2,341 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €42,708 | €42,987 | +€279 | +0.7% |
| Trade debts | 44 | €3,202 | €5,550 | +€2,349 | +73.4% |
| Suppliers | 440/4 | €3,202 | €5,550 | +€2,349 | +73.4% |
| Taxes, remuneration and social security | 45 | €11,033 | €13,116 | +€2,083 | +18.9% |
| Taxes | 450/3 | €11,033 | €13,116 | +€2,083 | +18.9% |
| Other amounts payable | 47/48 | €20,136 | €17,766 | -€2,370 | -11.8% |
| Non-recurring operating income | 76A | €1,418 | - | -€1,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,617 | €33,242 | -€1,375 | -4.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€5,521 | -€5,521 | |
| Other operating charges | 640/8 | €7,341 | €7,921 | +€579 | +7.9% |
| Gross operating margin | 9900 | €63,296 | €68,366 | +€5,070 | +8.0% |
| Operating profit (loss) | 9901 | €21,338 | €32,724 | +€11,386 | +53.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,885 | €5,662 | -€223 | -3.8% |
| Recurring financial charges | 65 | €5,885 | €5,662 | -€223 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €15,454 | €27,063 | +€11,609 | +75.1% |
| Income taxes | 67/77 | €4,538 | €7,834 | +€3,296 | +72.6% |
| Profit (loss) for the period | 9904 | €10,916 | €19,229 | +€8,313 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,916 | €19,229 | +€8,313 | +76.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.