ALGOPINCH: what changed
ALGOPINCH
Largest movements
- Tangible fixed assets -€12,083
down €12,083 (-24.5%), from €49,404 to €37,321
- Current investments -€9,670
down €9,670 (-95.8%), from €10,094 to €424
- Receivables within one year -€5,378
down €5,378 (-22.2%), from €24,230 to €18,852
of which Other amounts receivable: -€9,967
- Deferred charges and accrued income +€1,174
new in 2025: €1,174
- Other debts -€35,874
down €35,874 (-44.9%), from €79,888 to €44,014
- Tax, wage and social debts +€18,582
up €18,582 (+232%), from €8,000 to €26,582
- Debts after one year -€8,023
down €8,023 (-27.8%), from €28,893 to €20,870
- Trade debts -€6,174
down €6,174 (-60.7%), from €10,171 to €3,997
- Profit (loss) carried forward +€5,778
up €5,778 (+10.5%), from -€54,848 to -€49,070
- Financial charges +€31,863
up €31,863 (+1,666%), from €1,913 to €33,776
of which Financial charges: +€24,969
- Depreciation +€4,352
up €4,352 (+56.3%), from €7,731 to €12,083
- Gross operating margin +€3,160
up €3,160 (+5.2%), from €61,226 to €64,386
- Other operating charges -€2,834
down €2,834 (-75.2%), from €3,768 to €934
- Taxes -€1,523
down €1,523 (-11.4%), from €13,365 to €11,842
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,789 | €58,415 | -€25,374 | -30.3% |
| Fixed assets | 21/28 | €49,404 | €37,321 | -€12,083 | -24.5% |
| Tangible fixed assets | 22/27 | €49,404 | €37,321 | -€12,083 | -24.5% |
| Furniture and vehicles | 24 | €49,404 | €37,321 | -€12,083 | -24.5% |
| Current assets | 29/58 | €34,385 | €21,094 | -€13,291 | -38.7% |
| Amounts receivable within one year | 40/41 | €24,230 | €18,852 | -€5,378 | -22.2% |
| Trade receivables | 40 | €14,263 | €18,852 | +€4,589 | +32.2% |
| Other amounts receivable | 41 | €9,967 | - | -€9,967 | |
| Current investments | 50/53 | €10,094 | €424 | -€9,670 | -95.8% |
| Cash at bank and in hand | 54/58 | €61 | €644 | +€583 | +956% |
| Deferred charges and accrued income | 490/1 | - | €1,174 | +€1,174 | |
| Total equity and liabilities | 10/49 | €83,789 | €58,415 | -€25,374 | -30.3% |
| Equity | 10/15 | -€50,848 | -€45,070 | +€5,778 | +11.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,848 | -€49,070 | +€5,778 | +10.5% |
| Amounts payable | 17/49 | €134,637 | €103,485 | -€31,152 | -23.1% |
| Amounts payable after more than one year | 17 | €28,893 | €20,870 | -€8,023 | -27.8% |
| Financial debts | 170/4 | €28,893 | €20,870 | -€8,023 | -27.8% |
| Amounts payable within one year | 42/48 | €105,744 | €82,615 | -€23,129 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €7,685 | €8,022 | +€337 | +4.4% |
| Trade debts | 44 | €10,171 | €3,997 | -€6,174 | -60.7% |
| Suppliers | 440/4 | €10,171 | €3,997 | -€6,174 | -60.7% |
| Taxes, remuneration and social security | 45 | €8,000 | €26,582 | +€18,582 | +232% |
| Taxes | 450/3 | €8,000 | €26,582 | +€18,582 | +232% |
| Other amounts payable | 47/48 | €79,888 | €44,014 | -€35,874 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,731 | €12,083 | +€4,352 | +56.3% |
| Other operating charges | 640/8 | €3,768 | €934 | -€2,834 | -75.2% |
| Gross operating margin | 9900 | €61,226 | €64,386 | +€3,160 | +5.2% |
| Operating profit (loss) | 9901 | €49,727 | €51,369 | +€1,642 | +3.3% |
| Financial income | 75/76B | €6 | €27 | +€21 | +357% |
| Recurring financial income | 75 | €6 | €27 | +€21 | +357% |
| Financial charges | 65/66B | €1,913 | €33,776 | +€31,863 | +1,666% |
| Recurring financial charges | 65 | €1,913 | €26,882 | +€24,969 | +1,305% |
| Non-recurring financial charges | 66B | - | €6,894 | +€6,894 | |
| Profit (loss) for the period before taxes | 9903 | €47,820 | €17,621 | -€30,199 | -63.2% |
| Income taxes | 67/77 | €13,365 | €11,842 | -€1,523 | -11.4% |
| Profit (loss) for the period | 9904 | €34,455 | €5,778 | -€28,677 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,455 | €5,778 | -€28,677 | -83.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.