ALGORA: 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.
ALGORA
Largest movements
- Financial fixed assets -€602,590
down €602,590 (-4.8%), from €12.6m to €12.0m
- Profit (loss) carried forward -€605,439
down €605,439 (-9.9%), from -€6.1m to -€6.7m
- Financial income -€1.0m
down €1.0m (-98.1%), from €1.1m to €20,000
of which Non-recurring financial income: -€1.0m
- Financial charges +€622,412
up €622,412 (+353,061%), from €176 to €622,588
of which Non-recurring financial charges: +€622,588
- Gross operating margin +€6,839
up €6,839 (+70.6%), from -€9,690 to -€2,851
- Other operating charges -€968
down €968 (-100%), from €968 to €0
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 | €12,566,985 | €11,964,395 | -€602,590 | -4.8% |
| Fixed assets | 21/28 | €12,565,985 | €11,963,395 | -€602,590 | -4.8% |
| Financial fixed assets | 28 | €12,565,985 | €11,963,395 | -€602,590 | -4.8% |
| Current assets | 29/58 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,566,985 | €11,964,395 | -€602,590 | -4.8% |
| Equity | 10/15 | €2,865,541 | €2,260,102 | -€605,439 | -21.1% |
| Contributions | 10/11 | €9,000,000 | €9,000,000 | = | 0.0% |
| Capital | 10 | €9,000,000 | €9,000,000 | = | 0.0% |
| Issued capital | 100 | €9,000,000 | €9,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,134,459 | -€6,739,898 | -€605,439 | -9.9% |
| Amounts payable | 17/49 | €9,701,444 | €9,704,294 | +€2,849 | 0.0% |
| Amounts payable within one year | 42/48 | €9,701,444 | €9,704,294 | +€2,849 | 0.0% |
| Other amounts payable | 47/48 | €9,701,444 | €9,704,294 | +€2,849 | 0.0% |
| Other operating charges | 640/8 | €968 | €0 | -€968 | -100% |
| Gross operating margin | 9900 | -€9,690 | -€2,851 | +€6,839 | +70.6% |
| Operating profit (loss) | 9901 | -€10,658 | -€2,851 | +€7,807 | +73.2% |
| Financial income | 75/76B | €1,059,541 | €20,000 | -€1.0m | -98.1% |
| Recurring financial income | 75 | €0 | €20,000 | +€20,000 | |
| Non-recurring financial income | 76B | €1,059,541 | €20,000 | -€1.0m | -98.1% |
| Financial charges | 65/66B | €176 | €622,588 | +€622,412 | +353,061% |
| Recurring financial charges | 65 | €176 | €0 | -€176 | -100% |
| Non-recurring financial charges | 66B | - | €622,588 | +€622,588 | |
| Profit (loss) for the period before taxes | 9903 | €1,048,707 | -€605,439 | -€1.7m | |
| Profit (loss) for the period | 9904 | €1,048,707 | -€605,439 | -€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,048,707 | -€605,439 | -€1.7m |
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.