Algorizmy: 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.
Algorizmy
Largest movements
- Cash -€66,878
down €66,878 (-43.4%), from €154,240 to €87,362
mainly Investment in fixed assets (net) (-€102,948) and Trade debts (-€84,242)
- Tangible fixed assets +€39,521
up €39,521 (+4.4%), from €900,465 to €939,986
of which Land and buildings: +€92,544
- Receivables within one year -€37,459
down €37,459 (-41.6%), from €90,069 to €52,611
of which Trade receivables: -€37,157
- Profit (loss) carried forward +€102,404
up €102,404 (+19.5%), from €526,384 to €628,788
- Trade debts -€84,242
down €84,242 (-86.9%), from €96,915 to €12,673
- Debts after one year -€63,955
down €63,955 (-20.2%), from €317,368 to €253,413
- Current portion of long-term debt -€47,700
down €47,700 (-42.7%), from €111,655 to €63,955
- Tax, wage and social debts +€22,011
up €22,011 (+34.1%), from €64,498 to €86,509
of which Taxes: +€35,635
- Staff costs -€62,085
down €62,085 (-29.0%), from €213,885 to €151,799
- Other operating charges -€44,194
down €44,194 (-89.8%), from €49,219 to €5,026
- Gross operating margin -€21,610
down €21,610 (-5.5%), from €395,709 to €374,098
- Depreciation +€16,308
up €16,308 (+34.6%), from €47,120 to €63,427
- Taxes +€16,096
up €16,096 (+65.2%), from €24,704 to €40,801
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 | €1,146,379 | €1,081,779 | -€64,600 | -5.6% |
| Fixed assets | 21/28 | €900,465 | €939,986 | +€39,521 | +4.4% |
| Tangible fixed assets | 22/27 | €900,465 | €939,986 | +€39,521 | +4.4% |
| Land and buildings | 22 | €823,808 | €916,352 | +€92,544 | +11.2% |
| Furniture and vehicles | 24 | €26,978 | €23,634 | -€3,344 | -12.4% |
| Assets under construction and advance payments | 27 | €49,679 | - | -€49,679 | |
| Current assets | 29/58 | €245,914 | €141,793 | -€104,121 | -42.3% |
| Amounts receivable within one year | 40/41 | €90,069 | €52,611 | -€37,459 | -41.6% |
| Trade receivables | 40 | €89,768 | €52,611 | -€37,157 | -41.4% |
| Other amounts receivable | 41 | €302 | - | -€302 | |
| Cash at bank and in hand | 54/58 | €154,240 | €87,362 | -€66,878 | -43.4% |
| Deferred charges and accrued income | 490/1 | €1,605 | €1,821 | +€216 | +13.4% |
| Total equity and liabilities | 10/49 | €1,146,379 | €1,081,779 | -€64,600 | -5.6% |
| Equity | 10/15 | €541,384 | €643,788 | +€102,404 | +18.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €526,384 | €628,788 | +€102,404 | +19.5% |
| Amounts payable | 17/49 | €604,995 | €437,991 | -€167,005 | -27.6% |
| Amounts payable after more than one year | 17 | €317,368 | €253,413 | -€63,955 | -20.2% |
| Financial debts | 170/4 | €317,368 | €253,413 | -€63,955 | -20.2% |
| Amounts payable within one year | 42/48 | €287,628 | €184,578 | -€103,050 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €111,655 | €63,955 | -€47,700 | -42.7% |
| Trade debts | 44 | €96,915 | €12,673 | -€84,242 | -86.9% |
| Suppliers | 440/4 | €96,915 | €12,673 | -€84,242 | -86.9% |
| Taxes, remuneration and social security | 45 | €64,498 | €86,509 | +€22,011 | +34.1% |
| Taxes | 450/3 | €40,262 | €75,897 | +€35,635 | +88.5% |
| Remuneration and social security | 454/9 | €24,236 | €10,612 | -€13,624 | -56.2% |
| Other amounts payable | 47/48 | €14,559 | €21,441 | +€6,882 | +47.3% |
| Remuneration, social security and pensions | 62 | €213,885 | €151,799 | -€62,085 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,120 | €63,427 | +€16,308 | +34.6% |
| Other operating charges | 640/8 | €49,219 | €5,026 | -€44,194 | -89.8% |
| Gross operating margin | 9900 | €395,709 | €374,098 | -€21,610 | -5.5% |
| Operating profit (loss) | 9901 | €85,485 | €153,846 | +€68,361 | +80.0% |
| Financial income | 75/76B | €0 | €9 | +€9 | +5,550% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +5,550% |
| Financial charges | 65/66B | €6,596 | €10,650 | +€4,054 | +61.5% |
| Recurring financial charges | 65 | €6,596 | €10,650 | +€4,054 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €78,889 | €143,205 | +€64,316 | +81.5% |
| Income taxes | 67/77 | €24,704 | €40,801 | +€16,096 | +65.2% |
| Profit (loss) for the period | 9904 | €54,185 | €102,404 | +€48,220 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,185 | €102,404 | +€48,220 | +89.0% |
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 23 October 2026 via checked.be.