ALGONQUIN MANAGEMENT PARTNERS: 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.
What changed
ALGONQUIN MANAGEMENT PARTNERS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,487
2024 · €1.3m-€1.3m
Equity
€13.8m
2024 · €13.8m+€32,487
Cash
€4.3m
2024 · €4.6m-€240,347
Balance sheet total
€13.8m
2024 · €14.1m-€243,188
Largest movements
Assets
- Cash -€240,347
down €240,347 (-5.2%), from €4.6m to €4.3m
mainly Trade debts (-€260,622) and Tax, wage and social debts (-€15,053)
Equity and liabilities
- Trade debts -€260,622
down €260,622 (-87.1%), from €299,354 to €38,733
Income statement
- Financial income -€1.6m
down €1.6m (-93.7%), from €1.7m to €105,081
of which Financial income: -€807,835
- Services and other goods -€366,751
down €366,751 (-42.7%), from €857,999 to €491,248
- Turnover -€130,839
down €130,839 (-23.3%), from €562,000 to €431,161
- Taxes -€33,350
down €33,350 (-75.5%), from €44,190 to €10,840
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.
Result 2024
€1.3m
Turnover
-€130,839
Services and other goods
+€366,751
Other operating charges
-€57
Financial income
-€1.6m
Financial charges
+€2,736
Taxes
+€33,350
Result 2025
€32,487
raises the resultlowers the result
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.
From operations
-€240,347
Investment
€0
Financing
€0
Cash 2024
€4.6m
From operations (derived)
-€240,347
Net result for the year
+€32,487
Receivables within one year
+€1,002
Deferred charges and accrued income
+€1,839
Trade debts
-€260,622
Tax, wage and social debts
-€15,053
Cash 2025
€4.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,080,211 | €13,837,023 | -€243,188 | -1.7% |
| Fixed assets | 21/28 | €9,400,200 | €9,400,200 | = | 0.0% |
| Financial fixed assets | 28 | €9,400,200 | €9,400,200 | = | 0.0% |
| Affiliated companies | 280/1 | €9,400,000 | €9,400,000 | = | 0.0% |
| Participating interests | 280 | €9,400,000 | €9,400,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €200 | €200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €4,680,011 | €4,436,823 | -€243,188 | -5.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €91,548 | €90,546 | -€1,002 | -1.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €91,548 | €90,546 | -€1,002 | -1.1% |
| Cash at bank and in hand | 54/58 | €4,578,760 | €4,338,413 | -€240,347 | -5.2% |
| Deferred charges and accrued income | 490/1 | €9,703 | €7,864 | -€1,839 | -19.0% |
| Total equity and liabilities | 10/49 | €14,080,211 | €13,837,023 | -€243,188 | -1.7% |
| Equity | 10/15 | €13,765,803 | €13,798,290 | +€32,487 | +0.2% |
| Contributions | 10/11 | €5,044,686 | €5,044,686 | = | 0.0% |
| Capital | 10 | €5,044,686 | €5,044,686 | = | 0.0% |
| Issued capital | 100 | €5,044,686 | €5,044,686 | = | 0.0% |
| Contributions outside capital | 11 | €0 | €0 | = | 0.0% |
| Share premium | 1100/10 | €0 | €0 | = | 0.0% |
| Reserves | 13 | €854,471 | €854,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €504,469 | €504,469 | = | 0.0% |
| Legal reserve | 130 | €504,469 | €504,469 | = | 0.0% |
| Distributable reserves | 133 | €350,003 | €350,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,866,646 | €7,899,133 | +€32,487 | +0.4% |
| Amounts payable | 17/49 | €314,408 | €38,733 | -€275,675 | -87.7% |
| Amounts payable within one year | 42/48 | €314,408 | €38,733 | -€275,675 | -87.7% |
| Trade debts | 44 | €299,354 | €38,733 | -€260,622 | -87.1% |
| Suppliers | 440/4 | €299,354 | €38,733 | -€260,622 | -87.1% |
| Taxes, remuneration and social security | 45 | €15,053 | €0 | -€15,053 | -100% |
| Taxes | 450/3 | €15,053 | €0 | -€15,053 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €562,000 | €431,161 | -€130,839 | -23.3% |
| Turnover | 70 | €562,000 | €431,161 | -€130,839 | -23.3% |
| Operating charges | 60/66A | €858,994 | €492,300 | -€366,694 | -42.7% |
| Services and other goods | 61 | €857,999 | €491,248 | -€366,751 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €995 | €1,052 | +€57 | +5.7% |
| Operating profit (loss) | 9901 | -€296,994 | -€61,139 | +€235,855 | +79.4% |
| Financial income | 75/76B | €1,660,410 | €105,081 | -€1.6m | -93.7% |
| Recurring financial income | 75 | €912,600 | €104,765 | -€807,835 | -88.5% |
| Income from financial fixed assets | 750 | €831,803 | €0 | -€831,803 | -100% |
| Income from current assets | 751 | €80,605 | €104,765 | +€24,160 | +30.0% |
| Other financial income | 752/9 | €191 | €0 | -€191 | -100% |
| Non-recurring financial income | 76B | €747,810 | €316 | -€747,494 | -100.0% |
| Financial charges | 65/66B | €3,350 | €615 | -€2,736 | -81.7% |
| Recurring financial charges | 65 | €3,001 | €615 | -€2,387 | -79.5% |
| Debt charges | 650 | €2,493 | €0 | -€2,493 | -100% |
| Other financial charges | 652/9 | €508 | €615 | +€107 | +21.0% |
| Non-recurring financial charges | 66B | €349 | €0 | -€349 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,360,066 | €43,327 | -€1.3m | -96.8% |
| Income taxes | 67/77 | €44,190 | €10,840 | -€33,350 | -75.5% |
| Taxes | 670/3 | €44,190 | €10,840 | -€33,350 | -75.5% |
| Profit (loss) for the period | 9904 | €1,315,875 | €32,487 | -€1.3m | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,315,875 | €32,487 | -€1.3m | -97.5% |
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 29 October 2026 via checked.be.