ALGORIX MANAGEMENT: 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.
ALGORIX MANAGEMENT
Largest movements
- Receivables within one year -€5,761
down €5,761 (-5.6%), from €102,197 to €96,436
of which Trade receivables: -€5,900
- Tangible fixed assets -€1,532
down €1,532 (-28.9%), from €5,296 to €3,764
- Debts after one year -€34,309
down €34,309 (-16.9%), from €203,255 to €168,945
of which Other amounts payable: -€73,500
- Profit (loss) carried forward +€30,335
up €30,335 (+23.1%), from -€131,292 to -€100,957
- Trade debts -€3,433
down €3,433 (-56.7%), from €6,054 to €2,621
- Gross operating margin -€21,402
down €21,402 (-39.3%), from €54,487 to €33,085
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 | €109,151 | €101,492 | -€7,659 | -7.0% |
| Fixed assets | 21/28 | €5,396 | €3,864 | -€1,532 | -28.4% |
| Tangible fixed assets | 22/27 | €5,296 | €3,764 | -€1,532 | -28.9% |
| Furniture and vehicles | 24 | €5,296 | €3,764 | -€1,532 | -28.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €103,754 | €97,628 | -€6,126 | -5.9% |
| Amounts receivable within one year | 40/41 | €102,197 | €96,436 | -€5,761 | -5.6% |
| Trade receivables | 40 | €102,197 | €96,297 | -€5,900 | -5.8% |
| Other amounts receivable | 41 | €0 | €139 | +€139 | |
| Cash at bank and in hand | 54/58 | €1,207 | €860 | -€347 | -28.7% |
| Deferred charges and accrued income | 490/1 | €350 | €332 | -€19 | -5.3% |
| Total equity and liabilities | 10/49 | €109,151 | €101,492 | -€7,659 | -7.0% |
| Equity | 10/15 | -€111,292 | -€80,957 | +€30,335 | +27.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,292 | -€100,957 | +€30,335 | +23.1% |
| Amounts payable | 17/49 | €220,443 | €182,449 | -€37,994 | -17.2% |
| Amounts payable after more than one year | 17 | €203,255 | €168,945 | -€34,309 | -16.9% |
| Financial debts | 170/4 | €0 | €39,191 | +€39,191 | |
| Other amounts payable | 178/9 | €203,255 | €129,755 | -€73,500 | -36.2% |
| Amounts payable within one year | 42/48 | €17,188 | €13,503 | -€3,685 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €9,433 | €9,295 | -€138 | -1.5% |
| Financial debts | 43 | €672 | €576 | -€96 | -14.4% |
| Credit institutions | 430/8 | €672 | €576 | -€96 | -14.4% |
| Trade debts | 44 | €6,054 | €2,621 | -€3,433 | -56.7% |
| Suppliers | 440/4 | €6,054 | €2,621 | -€3,433 | -56.7% |
| Taxes, remuneration and social security | 45 | €107 | €0 | -€107 | -100% |
| Taxes | 450/3 | €107 | €0 | -€107 | -100% |
| Other amounts payable | 47/48 | €922 | €1,011 | +€90 | +9.7% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,238 | €1,532 | +€295 | +23.8% |
| Other operating charges | 640/8 | €434 | €403 | -€32 | -7.3% |
| Gross operating margin | 9900 | €54,487 | €33,085 | -€21,402 | -39.3% |
| Operating profit (loss) | 9901 | €52,815 | €31,150 | -€21,665 | -41.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €546 | €814 | +€269 | +49.2% |
| Recurring financial charges | 65 | €546 | €814 | +€269 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €52,269 | €30,335 | -€21,934 | -42.0% |
| Profit (loss) for the period | 9904 | €52,269 | €30,335 | -€21,934 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,269 | €30,335 | -€21,934 | -42.0% |
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 18 October 2026 via checked.be.