algorITmi: 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.
algorITmi
Largest movements
- Cash +€31,977
up €31,977 (+12.6%), from €254,524 to €286,501
mainly Net result for the year (+€67,912) and Other debts (+€58,547)
- Receivables within one year -€15,685
down €15,685 (-48.2%), from €32,551 to €16,865
of which Other amounts receivable: -€20,548
- Current investments +€10,000
up €10,000 (+5.8%), from €172,605 to €182,605
- Other debts +€58,547
up €58,547 (+124%), from €47,131 to €105,678
- Reserves -€32,094
down €32,094 (-8.1%), from €395,990 to €363,896
- Gross operating margin +€9,636
up €9,636 (+10.1%), from €95,645 to €105,281
- Taxes +€2,752
up €2,752 (+9.2%), from €29,954 to €32,706
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €464,143 | €492,424 | +€28,281 | +6.1% |
| Fixed assets | 21/28 | €993 | €2,888 | +€1,894 | +191% |
| Tangible fixed assets | 22/27 | €993 | €2,888 | +€1,894 | +191% |
| Furniture and vehicles | 24 | €993 | €2,888 | +€1,894 | +191% |
| Current assets | 29/58 | €463,150 | €489,536 | +€26,387 | +5.7% |
| Amounts receivable within one year | 40/41 | €32,551 | €16,865 | -€15,685 | -48.2% |
| Trade receivables | 40 | €12,003 | €16,865 | +€4,862 | +40.5% |
| Other amounts receivable | 41 | €20,548 | €0 | -€20,548 | -100% |
| Current investments | 50/53 | €172,605 | €182,605 | +€10,000 | +5.8% |
| Cash at bank and in hand | 54/58 | €254,524 | €286,501 | +€31,977 | +12.6% |
| Deferred charges and accrued income | 490/1 | €3,470 | €3,566 | +€95 | +2.7% |
| Total equity and liabilities | 10/49 | €464,143 | €492,424 | +€28,281 | +6.1% |
| Equity | 10/15 | €408,390 | €376,296 | -€32,094 | -7.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €395,990 | €363,896 | -€32,094 | -8.1% |
| Distributable reserves | 133 | €395,990 | €363,896 | -€32,094 | -8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,753 | €116,128 | +€60,375 | +108% |
| Amounts payable within one year | 42/48 | €55,663 | €116,128 | +€60,465 | +109% |
| Trade debts | 44 | €1,302 | €688 | -€614 | -47.2% |
| Suppliers | 440/4 | €1,302 | €688 | -€614 | -47.2% |
| Taxes, remuneration and social security | 45 | €7,230 | €9,762 | +€2,532 | +35.0% |
| Taxes | 450/3 | €7,230 | €9,762 | +€2,532 | +35.0% |
| Other amounts payable | 47/48 | €47,131 | €105,678 | +€58,547 | +124% |
| Accrued charges and deferred income | 492/3 | €90 | €0 | -€90 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €754 | +€395 | +110% |
| Other operating charges | 640/8 | €1,166 | €1,121 | -€46 | -3.9% |
| Gross operating margin | 9900 | €95,645 | €105,281 | +€9,636 | +10.1% |
| Operating profit (loss) | 9901 | €94,120 | €103,407 | +€9,287 | +9.9% |
| Financial income | 75/76B | €34 | €23 | -€11 | -33.3% |
| Recurring financial income | 75 | €34 | €23 | -€11 | -33.3% |
| Financial charges | 65/66B | €2,126 | €2,811 | +€685 | +32.2% |
| Recurring financial charges | 65 | €2,126 | €2,811 | +€685 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €92,028 | €100,618 | +€8,591 | +9.3% |
| Income taxes | 67/77 | €29,954 | €32,706 | +€2,752 | +9.2% |
| Profit (loss) for the period | 9904 | €62,074 | €67,912 | +€5,839 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,074 | €67,912 | +€5,839 | +9.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.