ALGORISK: 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.
ALGORISK
Largest movements
- Receivables within one year -€34,021
down €34,021 (-90.7%), from €37,499 to €3,477
of which Trade receivables: -€31,911
- Cash +€17,785
up €17,785 (+14.8%), from €120,346 to €138,131
mainly Receivables within one year (+€34,021) and Other debts (+€13,112)
- Tangible fixed assets -€1,855
down €1,855 (-16.4%), from €11,295 to €9,439
of which Other tangible fixed assets: -€1,663
- Profit (loss) carried forward -€23,840
down €23,840 (-15.6%), from €152,681 to €128,841
- Other debts +€13,112
up €13,112 (+8705.1%), from €151 to €13,262
- Tax, wage and social debts -€8,149
down €8,149 (-85.2%), from €9,569 to €1,420
of which Taxes: -€4,754
- Gross operating margin -€121,295
down €121,295, from €99,913 to -€21,382
- Taxes -€21,329
down €21,329 (-99.7%), from €21,399 to €70
- Depreciation -€1,411
down €1,411 (-43.2%), from €3,266 to €1,855
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 | €169,436 | €151,374 | -€18,062 | -10.7% |
| Fixed assets | 21/28 | €11,295 | €9,439 | -€1,855 | -16.4% |
| Tangible fixed assets | 22/27 | €11,295 | €9,439 | -€1,855 | -16.4% |
| Furniture and vehicles | 24 | €256 | €63 | -€193 | -75.4% |
| Other tangible fixed assets | 26 | €11,039 | €9,377 | -€1,663 | -15.1% |
| Current assets | 29/58 | €158,142 | €141,935 | -€16,207 | -10.2% |
| Amounts receivable within one year | 40/41 | €37,499 | €3,477 | -€34,021 | -90.7% |
| Trade receivables | 40 | €33,911 | €2,000 | -€31,911 | -94.1% |
| Other amounts receivable | 41 | €3,587 | €1,477 | -€2,110 | -58.8% |
| Cash at bank and in hand | 54/58 | €120,346 | €138,131 | +€17,785 | +14.8% |
| Deferred charges and accrued income | 490/1 | €297 | €326 | +€29 | +9.9% |
| Total equity and liabilities | 10/49 | €169,436 | €151,374 | -€18,062 | -10.7% |
| Equity | 10/15 | €158,681 | €134,841 | -€23,840 | -15.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,681 | €128,841 | -€23,840 | -15.6% |
| Amounts payable | 17/49 | €10,756 | €16,533 | +€5,778 | +53.7% |
| Amounts payable within one year | 42/48 | €10,756 | €16,533 | +€5,778 | +53.7% |
| Trade debts | 44 | €1,036 | €1,851 | +€815 | +78.6% |
| Suppliers | 440/4 | €1,036 | €1,851 | +€815 | +78.6% |
| Taxes, remuneration and social security | 45 | €9,569 | €1,420 | -€8,149 | -85.2% |
| Taxes | 450/3 | €6,174 | €1,420 | -€4,754 | -77.0% |
| Remuneration and social security | 454/9 | €3,395 | €0 | -€3,395 | -100.0% |
| Other amounts payable | 47/48 | €151 | €13,262 | +€13,112 | +8705.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,266 | €1,855 | -€1,411 | -43.2% |
| Other operating charges | 640/8 | €831 | €400 | -€432 | -51.9% |
| Gross operating margin | 9900 | €99,913 | -€21,382 | -€121,295 | |
| Operating profit (loss) | 9901 | €95,815 | -€23,637 | -€119,453 | |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €123 | €132 | +€8 | +6.9% |
| Recurring financial charges | 65 | €123 | €132 | +€8 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €95,717 | -€23,769 | -€119,486 | |
| Income taxes | 67/77 | €21,399 | €70 | -€21,329 | -99.7% |
| Profit (loss) for the period | 9904 | €74,317 | -€23,840 | -€98,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,317 | -€23,840 | -€98,157 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.